Investment Risk and Oversight Manager

Summary

Join AJ Bell's second-line Risk Team as an Investment Risk & Oversight Manager. This key role involves providing independent oversight of investment management activities, including the AJ Bell fund range and Model Portfolio Service (MPS). You will work closely with the investments business area, embedding the risk management framework and improving processes. Strong analytical skills, attention to detail, and collaboration are essential. The position offers a competitive salary and a comprehensive benefits package, including generous holiday allowance, pension scheme, bonus scheme, and various other perks. Hybrid working is offered, with a minimum of 50% of working time in the office.

Requirements

• Experience within the investment management industry
• Educated to degree level
• Self-motivated with a genuine interest in investment management
• Strong understanding of equity and fixed-income asset classes and associated risk drivers
• Excellent communication and interpersonal skills
• Meticulous attention to detail with strong analytical capabilities
• Effective planning, organisation, and time management skills
• Commercially aware, with an understanding of the broader business landscape

Responsibilities

• Provide independent oversight of investment products and services across the Group
• Represent risk at internal investment and client forums, offering expert insights
• Challenge and support portfolio positioning and risk management activities
• Provide guidance on investment governance and regulatory compliance
• Review and approve investment mandate changes, ensuring the IPS Register is up to date
• Develop insightful reports and analysis to monitor ex-ante risk exposures
• Monitor and review ex-post portfolio risk & performance metrics, ensuring alignment with investor expectations
• Prepare and present Management Information (MI) and risk reports for committees and forums
• Stay informed on industry developments and best practices in risk management
• Support ad-hoc projects and initiatives, ensuring risks are effectively mitigated
• Deputise for the Head of Risk when required
• Act as a risk business partner to the Investments Team, supporting risk identification, assessment, and management
• Review Risk Events reported by the business, identifying and addressing control gaps and deficiencies
• Conduct control testing as part of the annual Control Effectiveness Review (CER)
• Support the Internal Capital Adequacy and Risk Assessment (ICARA) process, including facilitating scenario workshops

Preferred Qualifications

• Experience within the investment management industry (decision-making responsibilities beneficial but not essential)
• Operational/Enterprise Risk Management experience is beneficial but not essential
• Educated to degree level—a quantitative discipline (Finance, Mathematics, or Economics) is preferred
• Professional qualifications such as IMC or FRM are advantageous

Benefits

• Competitive starting salary
• Generous holiday allowance of 27 days, increasing up to 31 days with length of service
• Holiday buy and sell scheme
• A choice of pension schemes with matched contributions up to 8%
• Discretionary bonus scheme
• Annual free share awards scheme
• Buy As You Earn (BAYE) Scheme
• Health Cash Plan – provided by SimplyHealth
• Discounted private healthcare scheme and dental plan
• Free gym membership
• Employee Assistance Programme
• Bike loan scheme
• Sick pay+ pledge
• Enhanced maternity, paternity, and shared parental leave
• Loans for travel season tickets
• Death in service scheme
• Paid time off for volunteer work
• Charitable giving opportunities through salary sacrifice
• Calendar of social events, including monthly payday drinks, annual Christmas party, summer party and much more
• Personal development programmes built around you and your career goals, including access to personal skills workshops
• Ongoing technical training
• Professional qualification support
• Talent development programmes
• Peer recognition scheme, with rewards including restaurant and shopping vouchers or time off
• Monthly leadership breakfasts and lunches
• Casual dress code
• Access to a range of benefits from our sponsorship deals
• Hybrid working: At AJ Bell, our people are the heart of our culture. We believe in building strong connections by working together. That's why we offer a hybrid working model, where you’ll spend a minimum of 50% of your working time per month in the office. For new team members, an initial period will be full-time in the office to help you immerse yourself in our business and build valuable relationships with your colleagues