Janus Henderson

We are a leading independent global asset manager, dedicated to delivering the best outcomes for our clients through a highly diversified range of actively-managed products. We are truly global, supporting our individual and institutional investors across a range of products, encompassing equities, fixed income, multi-asset and alternatives. Our high-energy and collaborative culture at Janus Henderson helps our client achieve their goals and ensures that our people love the place they work.

Role:

Risk Manager

Location:

London

Department:

Investment Risk 

Salary:

Competitive

Application deadline:

9th July 2020

The Department

Janus Henderson offers expertise across all major asset classes, with investment teams situated around the world. These dynamic teams are structured and operate in ways that are best suited to their asset classes and manage products designed to meet a range of investor needs globally. We do not impose top-down house views; instead we allow an appropriate level of flexibility within a controlled environment and encourage the sharing and debate of investment ideas. The Janus Henderson investment teams are grouped under: Equities, Fixed Income, Multi-Asset and Alternatives.

The Investment Risk team, which is part of the front office risk function, supports the portfolio managers in ensuring the fund risk profile reflects the investors’ expectations. The team is also involved in helping the fund managers in achieving their objectives and/or improving their risk return profiles.

The team meets its objectives by measuring, analysing and monitoring risk and performance measures and ensuring it is consistent with client expectations. Furthermore, understanding the views and convictions of the fund managers is crucial to ensure alignment with the fund aim and risk profile.

The team uses an array of tools to calculate risk metrics, a process we try to automate as much as possible so that our team members spend more of their time understanding the risks in the portfolios which may not be captured by standard risk models. This includes ad hoc analysis and sometimes the development of analytics tools (either used by the team or deployed to the fund manager for their own use).

Overview of the role

The aim of this role is to support the Senior Risk Manager in ensuring fund risk profiles reflect client expectations and to support the fund managers in continuously improving the risk / return profile delivered to investors. This will include but is not limited to: ownership of the identification of visible and hidden risks in the portfolios covered, ownership of escalation and resolution of issues when identified, drive forward the development of analytics and/or automation of existing analytics on the desk.

This role will report into a senior member of the team and will oversee a broad group of Multi Asset and Alternative funds.

Duties and responsibilities

• Responsibility for creation / analysis of regular risk attribution reports for assigned funds for use by the Fund Managers, Head of Investment Risk and other interested users of the data such as senior management, marketing, and compliance
• Work with Fund managers in regular 1-2-1 or oversight risk meetings covering all aspects of investment risk to help manage risk
• Creative approach to coming up with different ways to slice up risk or create new, insightful analysis on funds.
• Escalation of issues to senior management
• Contribution to the development of fund risk analysis
• Build and maintain relationship between the Risk team and other business support teams within Janus Henderson.
• Production of adhoc reports for the business, focused on risk issues in the prevailing markets.
• Respond to direct requests from Fund Managers and proactively interact with them
• Assist IT to develop new systems/feeds and enhance existing feeds. This may include investigating the data requirements for new instrument types, sourcing this data and testing the risk output.
• Assist the team in suggesting new analytics that will be beneficial to Fund Managers and senior management in the understanding of investment risk.
• Working closely with other members of the team, providing mentoring and technical support, as appropriate.
• Carry out additional duties as assigned. 

Investment areas

Has responsibility for supporting portfolios within Multi Asset and Alternatives team.

Supervisory responsibilities

• No

Technical skills and qualifications

• Educated to degree level or equivalent within a quantitative or finance related subject.
• Knowledge of a broad range of asset classes including Equity, Fixed Income, Commodities, Private Equity and derivatives of these.
• In-depth knowledge of derivative modelling and risk factors, including exotic derivatives.
• Working experience of developing in Python is essential. Knowledge of SQL, VBA, R or C++ an advantage.
• Experience in processing large datasets and working with cloud platforms would be an advantage.
• Knowledge of risk models and concepts such as tracking error, VaR, and stress testing methodologies together with an appreciation of their limitations
• In depth knowledge of MSCI RiskMetrics required. Knowledge of other systems such as Bloomberg, Barra or similar systems would be beneficial.
• CFA or other professional qualifications an advantage

Competencies required

In addition to putting clients first, acting like an owner, and succeeding as a team, the competencies for this role include:

• Team orientated
• Hold a quantitative mindset
• Excellent attention to detail
• Excellent analytical skills, with the ability to present detailed analysis in a clear and concise manner
• Excellent communication skills, both written and spoken
• Ability to plan and organise workload to perform both routine and adhoc tasks
• Ability to build strong working relationships with internal and external clients
• Ability to use initiative and influence a variety of stakeholders across all levels of the business
• Ability to assimilate knowledge quickly with a desire to improve knowledge of all Janus Henderson products/funds
• A flexible approach with the ability to think laterally

Ongoing competence in the role to be assessed, in line with applicable regulatory requirements, by:

• Annual performance appraisal
• Completion of all assigned compliance training
• Annual attestation (Knowledge and Competence in-scope roles only)

Compliance requirements 

At a minimum the role will require you to:

• Place the interest of Janus Henderson’s Clients first and always act in accordance with TCF (Treating Customers Fairly) principles
• Understand and follow laws and regulations applicable for your role, seeking the help of your supervising manager or Compliance if you would like further explanation or direction regarding this
• Understand and abide by all Janus Henderson policies applicable to your role, and ask for the support/guidance of the policy owner if you are unsure at any time
• You are ultimately accountable for your actions and responsible for seeking further information on any or all of the above as necessary.

We are an equal opportunity / affirmative action employer. All applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.

Janus Henderson (including its subsidiaries) will not maintain existing or sponsor new industry registrations or licenses where not supported by an employee’s job functions (as determined by Janus Henderson at its sole discretion).

All applicants must be willing to comply with the provisions of Janus Henderson Investment Advisory Code of Ethics related to personal securities activities and other disclosure and certification requirements, including past political contributions and political activities. Applicants’ past political contributions or activity may impact applicants’ eligibility for this position. Janus Henderson is an equal opportunity /Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status. All applications are subject to background checks.