Head of Risk (AIF & PMS )

About the Role
The Risk & Governance Lead will be responsible for designing, implementing, and overseeing risk and governance framework across existing and future products, investment strategies, operating processes, and business functions.
This role will act as an independent control function, partnering with Investment, Product, Operations, Technology, Compliance, and Distribution teams to strengthen decision-making, risk visibility, and governance standards across the organization.
Key Responsibilities
Risk Framework Development
Design and continuously enhance risk management framework for the business.
Develop policies, procedures, controls, and governance standards across all business activities.
Establish risk appetite, risk limits, escalation mechanisms, and monitoring protocols.
Ensure consistency of risk management practices across all products and business lines.
Investment & Product Risk Oversight
Review and monitor risks associated with investment strategies and product structures.
Evaluate market, liquidity, leverage, concentration, and operational risks associated with new and existing offerings.
Conduct risk assessments for new products before launch.
Monitor risk exposures against approved parameters and governance standards.
Recommend enhancements to improve risk-adjusted outcomes and investor protection.
New Product Governance
Participate in product design and approval processes.
Develop risk assessment frameworks for new investment products and strategies.
Maintain product approval, review, and change-management processes.
Ensure risk, operational, technology, compliance, and scalability considerations are embedded into product development.
Governance & Control Framework
Establish governance processes across investment, product, operations, and technology functions.
Maintain and periodically review governance policies and decision-making protocols.
Coordinate governance reviews and management committees.
Track action items, risk incidents, policy exceptions, and remediation plans.
Operational Risk & Resilience
Identify, assess, and monitor operational risks for the business.
Develop incident management, escalation, and root-cause analysis processes.
Maintain business continuity and disaster recovery frameworks.
Third-Party & Counterparty Risk
Assess and monitor risks associated with brokers, custodians, technology vendors, service providers, and strategic partners.
Review operational dependencies and concentration risks.
Support due diligence and ongoing monitoring of key external relationships.
Regulatory & Compliance Risk Support
Partner with Compliance and Legal teams to ensure governance frameworks remain aligned with regulatory expectations.
Monitor emerging regulatory developments and assess potential business impacts.
Support internal reviews, audits, and regulatory examinations as required.
Management Reporting
Develop senior management dashboards and risk reporting frameworks.
Provide independent assessments of material business, operational, investment, and governance risks.
Investor & Stakeholder Assurance
Assist in responding to investor, partner, auditor, and consultant requests related to risk and governance practices.
Contribute to the firm's institutionalization efforts through robust documentation and reporting standards.
Desired Experience
Mandatory
8-15 years of experience in risk management, governance, controls, operational risk, investment risk, or related functions.
Experience within asset management, alternatives, capital markets, wealth management, investment platforms, brokerages, fintechs, or financial institutions.
Demonstrated experience building or strengthening risk and governance frameworks.
Strong understanding of investment products, operating models, and financial market infrastructure.
Preferred
Exposure to PMS, AIFs, Managed Accounts, Investment Advisory, Wealth Management.
Experience supporting new product launches and business growth initiatives.
Experience working with quantitative, systematic, or technology-enabled investment businesses.
Professional qualifications such as FRM, CFA, MBA, or equivalent.
Key Competencies
Technical
Product Risk Assessment
Investment Risk Management
Control Design & Monitoring
Risk Reporting & Analytics
Operational Risk / Business continuity
Leadership
Independent thinking and judgment
Strong stakeholder management
Ability to influence cross-functional teams
High integrity and ownership mindset
Excellent communication and presentation skills

Work arrangement
No