Insight Investment is a leading asset manager focused on designing investment solutions to meet its clients' needs. The business has a clear mission and purpose to offer investors a different approach to achieving their investment goals; one that prioritizes the certainty of meeting their chosen objectives.
Founded in 2002, Insight's collaborative approach and partnership with its clients has delivered both investment performance and growth in assets under management making it a leading force in investment management. They focus on what they believe they are best at, offering a full-spectrum fixed income capability, risk management strategies including Liability Driven Investment (LDI), absolute return and multi-asset.
Insight is ranked number one in Edelman's Asset Management Brand Index 2024 as the manager whose brand is most highly regarded in the institutional marketplace. They are owned by Bank of New York Corporation (BNY), a global leader in investment management and investment services.
With $838 billion under management and sitting within BNY, Insight leverages the unique combination of achieving the high-performing, risk-adjusted returns of a boutique with the financial stability of a large, global financial institution for which asset management is a core strategic priority.
Insight has investment decision-making autonomy, operating with an independent management structure and boards with a global network of operations in the UK, Ireland, Germany, US, Japan, and Australia. The business employs over 1,100 people including 285-plus investment professionals.
More information about Insight Investment can be found at: https://www.insightinvestment.com
Division Description
Risk and Compliance
Insight has established risk management and compliance functions to provide second line, independent oversight of the firm's investment management activities. These functions operate on an arm's length basis from Insight business staff.
Investment risk
The Investment Risk team is primarily responsible for the oversight and governance of investment risks within both pooled funds and segregated mandates. In addition, it ensures the business has adequate systems and controls in place to manage the risks arising from derivatives and other complex asset types. The team formulates and has oversight of our derivatives policies and carries out the model validation process as well as ongoing data quality controls. The team also provides advice and support to various groups throughout Insight.
Operational risk
The Corporate Risk team has responsibility for the design and development of the risk management framework. The team's objectives are the promotion and facilitation of forward-looking identification and assessment of potential risks considering both quantitative and qualitative impacts; implementing clear reporting and escalation processes to ensure that the residual risk profile of the firm is appropriate and in line with the Board's risk appetite and overseeing the timely setting and regular monitoring of actions required to reduce the risk profile or improve the control environment where these are deemed necessary.
Information risk
The Information Risk team is responsible for oversight and challenge of risk arising from the processing of the firm's operational information and personal data. The team is separate from Operational Risk because of the distinctive nature of technology risk controls. Information Risk works through maintenance of compliance with ISO standards for the firm's business continuity and information security management systems, through setting and communicating information policies, through direct access to IT and security teams, and by operation of non-technological information controls and training programmes. Information Risk is not a security or technology team, but it does use specialist knowledge of information processing controls as well as investment processes.
Compliance
The Compliance team has responsibility for the identification and assessment of current and future changes in regulation and other key inputs to the business, formulation of policy and provision of guidance and training to ensure that the Insight reputation is properly protected, regulatory standards are being met and any competitive opportunities from regulation changes are fully explored. The Team is responsible for ongoing advice on day-to-day business regulatory related issues and monitoring and assurance of robustness of controls and compliance with regulation.
Purpose of role:
The purpose of the role is to support the Insight Europe, Chief Risk Officer (CRO) and Global Head of Corporate Risk & Resiliency in the development, implementation, and maintenance of both the Corporate Risk Framework and Operational Resiliency Framework for Insight Europe.
To be the local risk and resiliency SME for Insight Europe, the DP for Operational Risk, a member of the Europe Executive Management Committee (EMCE). Co-ordination and oversight of Insight Europe's outsourcing framework, with a specific focus on engagement with the fund operations team relating to the outsourced fund administrators.
In addition to ensuring Insight Europe meets its regulatory expectations around operational risk and resiliency, the role will be part of the Group Corporate Risk and Resiliency function.
Requirements
Role responsibilities:
This position requires the holder to have a good knowledge of the Central Bank of Ireland (CBI) regulatory requirements for Operational Risk and Resilience as well as an appreciation of industry best practice in these two disciplines. The headline purpose of the role is to:
OPERATIONAL RISK
* Align and oversee Insight Europe adherence to the Insight global Corporate Risk Framework
* Play a pivotal role in supporting the Insight Europe CRO in the capital and liquidity adequacy assessment processes e.g. ICARA/ICAAP
* Ensure that the Insight Europe, CRO, EMCE and Board have complete transparency and understanding of the firm's risk profile. Including but not limited to:
* Forward-looking identification and assessment of potential risks and controls considering both quantitative and qualitative impacts
* Clear reporting and escalation processes to ensure risk profile of the firm is appropriate and in line with the Board's risk appetite
* Timely setting and monitoring of actions required to reduce the risk profile or improve the control environment where required
BUSINESS RESILIENCY
* Align and oversee Insight Europe adherence to the Insight global Operational Resiliency Framework as well as local (Insight Europe) frameworks, policies and procedures pertaining to DORA.
* Support the delivery of a holistic (digital and operational) approach to ensuring the resilience of its business. Including the documenting of key process, identification of key dependencies and stress testing those dependencies to identify suitable alternatives for a continuation of service or develop and action plan to close unresolved vulnerabilities. Ensuring Insight Europe's outsourcing framework is adhered to and reported to the Central Bank on an annual basis, with a specific focus within that framework for engagement with the fund operations team relating to the outsourced fund administrators.
GENERAL
* This role will require strong adherence to policy and process, meticulous standards in record keeping, excellent relationship management skills.
* The role will require the holder to have the integrity and confidence to operate comfortably with (and where applicable challenge) senior colleagues and possess the awareness of when, what and how to escalate matters of concern.
* It will also require the hosting and facilitation of Workshops and meetings to capture key points and actions and ownership thereof.
* Some previous knowledge of fund administration (Fund Accounting or TA) oversight preferable.
Technical Skills / Specialist Knowledge
* Previous experience (5+ years) within an operational risk and/or business resiliency role within an asset manager or equivalent.
* Good knowledge of the regulatory context for operational risk and business resiliency.
* Extremely proficient working with Microsoft Office products.
* Interest in and a good understanding of financial markets, financial products, financial instruments and fund structures.
* Good problem solving and analytic skills required.
Communication
* Comfortable hosting/facilitating risk and resiliency based workshops to derive action based outcomes.
* A strong ability to build and maintain relationships with colleagues in different locations, teams and relative seniorities.
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