Risk Officer

It’s never been a more exciting time to join Vistra.  

At Vistra our purpose is progress. We believe that our clients have the power to change the world and to do great things for global progress, and we exist to remove the friction that comes from the complexity of global business – to help our clients achieve progress without friction. But progress only happens when people come together and take action. And we’re absolutely committed to building a culture where our people can do just that

We have an exciting opportunity for you to join our team as Risk Manager. Reporting to the Managing Director, this full-time and permanent position is based in Luxembourg and offers regional coverage, allowing you to make a significant impact to our Operations and its’ growth.

Purpose of the Role

The Risk Officer supports the permanent risk management function under the direction of the Conducting Officer and contributes to the effective implementation and ongoing enhancement of the risk management framework for alternative investment funds across liquid and illiquid strategies. The role involves monitoring investment and operational risks, overseeing risk limits and controls, supporting regulatory and internal reporting obligations, including Annex IV reporting, and ensuring timely escalation of relevant risk matters where appropriate. The successful candidate will work closely with internal IFM functions and external stakeholders, including valuation, portfolio management delegates, compliance, and oversight functions, to promote effective risk governance and transparent communication across the organisation. The position requires strong analytical and organisational capabilities, a good command of risk system applications and reporting tools, and a pragmatic and solution-oriented mindset. The Risk Officer is expected to contribute actively to the continuous development and optimisation of risk processes and controls, demonstrating flexibility, collaboration, and clear communication skills in a dynamic environment. Exposure to UCITS risk management frameworks would be considered an advantage.

Scope

Replacement is required to guarantee compliance with the Luxembourg regulatory framework and allow continuity in the business operations.

Key Responsibilities

Risk monitoring for alternative investment funds

• Support the implementation and ongoing maintenance of the risk management framework for alternative investment funds across liquid and illiquid strategies, including risk monitoring, controls, and limit oversight.


• Perform regular risk reporting activities, including contribution to Annex IV reporting, escalation of breaches or anomalies, and maintenance of accurate risk data within risk management systems.


• Contribute to the enhancement of risk management processes, systems, and operational procedures by identifying practical improvements and supporting the implementation of efficient and scalable solutions


• Responsible of the accuracy and timeliness in the production of risk assessment, analysis and reporting including annex IV.


• Perform the monitoring of investment compliance of the AIFs


• Support the development and enhancement of internally developed risk IT tools, including testing of new reporting solutions, data aggregation processes, controls, and user acceptance testing (UAT) to ensure the accuracy and reliability of risk analytics and reporting.

Client management

Serve as a key contact for clients on risk management matters, ensuring appropriate escalation of relevant issues to senior members of the permanent risk management function. Support the delivery of regular client reporting and communication on risk exposures, risk monitoring, and related risk management matters, while responding to client queries in a timely and professional manner.

Stakeholder Engagement
Liaise effectively with internal IFM functions including portfolio management, valuation, compliance, to ensure consistent risk governance and information flow. Present risk findings and reports to AIF senior management.

Attributes/Technical Skills

Good knowledge of alternative investment fund risk management frameworks for liquid and illiquid strategies. Understanding of AIFMD regulatory requirements and Annex IV reporting obligations. Experience with risk monitoring tools, limit management systems, and risk reporting applications Knowledge of market, liquidity, counterparty, leverage, and operational risk measurement methodologies. Ability to analyse and interpret portfolio risk metrics and exposure reports. Familiarity with data aggregation, reconciliation controls, and risk data quality processes Exposure to user acceptance testing (UAT) and enhancement of internally developed risk systems and reporting tools Good command of Excel and risk reporting tools; knowledge of Power BI, SQL, or data visualisation tools would be an advantage Understanding of fund structures, valuation processes, and delegated portfolio management oversight within an IFM/AIFM environment Ability to identify control gaps and contribute to process improvement initiatives in a regulated environment.

Relevant Experience

Minimum 3 year of experience and strong background in similar role managing risk for AIFs 
Demonstrated expertise in risk management system and reporting operations.

Education and Professional Qualification

Bachelor’s degree in finance, Economics, Business, Mathematics, or a related field.
Advanced degree or relevant professional certification (e.g., GFR, FRM and CAIA) is a plus

Company Benefits:

• Bonus Plan, based on Group performance and individual performance


• 232 hours of holidays (29 days), plus public holidays;


• Lunch vouchers for the amount of 10.80 EUR (18 per month);


• Additional AXA Health Insurance of which pays 50% (Axa VitalPlus scheme);


• Participation in Pension Scheme, after 6 months as an employee;


• Reimbursement of your public transport costs up to the amount of 75 EUR per month for cross borders.


• Sympass card discount www.sympass.lu (Sympass gives you access to exclusive discounts on your purchases and leisure activities in Luxembourg and the Greater Region). Concierge Services available by using the SYMPASS application.


• Subsided gym membership www.factory4.lu  (Factory 4 the largest Fitness space in Luxembourg)


• Remote and adaptive work arrangement (maximum 3 days per week work from home and minimum 2 days per week work from the office after the adaptation period)


• Learning and training, i.e., via our digital learning environment ‘Skills Platform’


• Support for professional qualifications eg ACCA


• Regular social events


• Free coffee, tea and fresh fruits in our office

It’s never been a more exciting time to join Vistra.  
 
At Vistra our purpose is progress. We believe that our clients have the power to change the world and to do great things for global progress, and we exist to remove the friction that comes from the complexity of global business – to help our clients achieve progress without friction. 
  
But progress only happens when people come together and take action. And we’re absolutely committed to building a culture where our people can do just that.  

If you are excited about working with us, we encourage you to apply or have a confidential chat with one of our Talent Acquisition team members. Our goal is to make this a great place to work where all our people can thrive. We hope you join us on this exciting journey!