Risk & Control Associate II in Edinburgh

About Patria: Patria is a long-lasting and resilient entrepreneurial partnership that continually observes reality, anticipates trends, and adapts to capture them. Here we are home to professionals who carry this entrepreneurial spirit, who know how to transform ideas into real business opportunities, and who are engaged in the development and perpetuation of the partnership.

Role Purpose: The Risk & Control Associate for the Northern Hemisphere Region (predominantly UK & US) supports the Global Risk function as the trusted 2nd line risk function, ensuring effective identification, measurement, monitoring and reporting of financial and non-financial risk. This role is essential to ensure risks are identified early, managed proactively, and escalated with clarity. You’ll help uphold a strong, integrated risk framework that aligns global standards with local regulatory expectations within the Group’s risk appetite. By delivering sharp, transparent risk insights to senior leaders and governance forums, you’ll directly influence strategic decisions and strengthen the organization’s ability to grow with confidence and control.

Key Responsibilities:

• Non-Financial Risk: Develop and maintain the Risk Management Framework. Ensure global and local risk policies and procedures are implemented and adhered to. Review, monitor and report Operational Risk Incidents. Maintain and monitor KRIs. Conduct the RCSA process.
• Financial Risk: Develop and maintain the AIFMD Risk Management Program. Identify, measure, monitor and oversee the risk limits for the funds and Segregated Mandates. Identify, measure, monitor and oversee Liquidity, Leverage, Market, Counterparty and Credit Risk. Perform and review stress testing and back testing models, including scenario analysis. Contribute to development of firm-wide quantitative methodologies. Oversee the delivery of the Annex IV reporting obligations.
• Governance: Build and maintain periodic risk reports for the Northern Hemisphere region. Maintain the local Risk Committee dashboard and consolidate outputs for escalation to the Global Risk Committee. Support Risk Appetite Statement preparation and reviews.
• Internal Controls: Act as the Northern Hemisphere Controls SME providing controls expertise and challenge to the first line. Monitor control processes for financial and non-financial risks. Understand SOX regulation, perform scoping, fraud risk assessment, test control effectiveness and update narratives and flowcharts.
• Engagement: Develop and maintain a network of internal and external relationships. Provide transparency and internal visibility of risk competence. Maintain working knowledge of FCA and SEC requirements. Promote a strong risk culture.

Location: You will be based in our Edinburgh office working closely with all teams.

Reporting Line: The Risk & Control Associate is positioned within the Global Risk Management function and reports to the Head of Financial Risk.

Candidate Profile:

• Experience & Knowledge: 7+ years of experience in risk management within financial services. Experience developing risk policies and frameworks. Knowledge of financial and non-financial risk methodologies. Working knowledge of FCA regulation; SEC is a plus. Experience working in multicultural teams is a plus. SOX Regulation and Business Continuity Management (BCM): Knowledge is a plus.
• Languages: Fluent English. Spanish or Portuguese is a plus.
• Technical Skills: Strong quantitative and analytical background. Experience with VaR, stress testing and scenario analysis. Advanced Excel; strong Word and PowerPoint. Power BI, SQL, Python skills, AI tools experience are a plus. Data analysis tools such as Service Now, Workiva, Oracle are a plus.
• Soft Skills: Strong communication skills. Strong ability to influence through clear analysis and effective communication. Ability to challenge constructively within the second line of defence. High attention to detail and ownership mindset.

Diversity: At Patria we do not discriminate against any employee or applicant for employment because of race, colour, sex, age, national origin, religion, sexual orientation, gender identity and/or expression, status as a veteran, and basis of disability or any other federal, state or local protected class. Our employment policies strictly prohibit all forms of discrimination on any of the grounds in relevant laws. All our employment practices are solely based on individual merit and our organization’s needs at the time.