Posted 16 June, 2026
Fixed Income Fund Risk Manager
Mediolanum International Funds
Dublin, Dublin, Ireland
Full Time
Reference: 629932434
Vacancy Name
Fixed Income Fund Risk Manager
Employment Type
Permanent
Location
Role Profile
We are seeking an experienced Fixed Income Fund Risk Manager to join our Fund Risk Team to take principal ownership of the fixed income investment risk capability in Dublin.
This role will be centered on the fixed income franchise of Mediolanum International Funds Ltd (MIFL) and offers a great opportunity to work closely both with internal portfolio managers located in the same building and with external delegated investment managers.
The successful candidate will devote their time to a second line of defence role using a "challenge and support" approach and will be the point of contact for the overall risk profile of internally managed fixed income sleeves and delegated mandates. There might be additional scope and emphasis for the role holder to provide fixed income investment risk support to the multi asset franchise.
The role holder will be part of the wider MIFL Risk Management Function covering fund risk, operational risk and enterprise risk. The Risk Function implements MIFL's risk strategy and philosophy across the organisation.
Duties
• Maintain and enhance the investment risk governance framework within the fixed income asset class franchise.
• Ensure that fund risk risks are effectively measured and monitored and relevant local policies and Group Circulars are implemented.
• Develop and improve processes, procedures and tools to monitor all aspects of investment risk, of counterparty credit risk and liquidity risk arising in the fixed income franchise.
• Identify hot spot, risk concentrations, unintended exposures and unrewarded risks and monitor key investment decisions associated with existing funds and new fund launches.
• Act as a trusted partner to portfolio managers in a second line of defence role, enabling business outcomes but maintaining a strong independent oversight and challenge ethos.
• Participate in various governance committees, Boards and processes representing the Risk Department and actively promoting opportunities to improve risk mitigations, controls and manage risk.
• Assess emerging and macro risks, including the impact of new products or significant process / business changes and propose effective solutions.
• Support new fund launches and the introduction of new instrument types while promoting a strong risk awareness culture.
• Work and interact closely with internal teams, in particular the Investments Function, Compliance and Product Function in both monitoring and assessing risk within sub funds.
• Participate in regulatory risk and projects tasks as and when required.
Skills & Competencies
• Organized individual who can self-manage multiple priorities, routine work and urgent issues as they arise.
• The ideal candidate is focused on resolving issues in a pro-active way and in a timely way.
• Display Knowledge & Authority and attention to detail in dealings with all parties and maintaining priority of achieving goals.
• Can establish yourself as a subject matter expert for internal and external parties.
• Ability to work independently on projects which are key to the development /progression of the Risk Team.
• Ability to develop and manage relationships both internally and externally.
• Excellent verbal, written and numeric skills.
• Aptitude to continually grow professional skillset and introduce cutting edge / advanced modelling techniques.
• Strong analytical and IT skills with experience with Python, SQL, Power BI and exposure to using LLM Agents such as Copilot Cowork, Claude Coworkor Gemini strongly preferred.
Qualifications & Experience
• Degree or Postgraduate degree with substantial mathematical / statistical/ financial element. FRM / PRM / CFA accreditation is an advantage.
• Minimum of 7 to 10 years' work experience in Risk Management within a fund manager, hedge fund or asset owner, with strong technical knowledge and modelling experience and comfortable with a second line of defence role.
• Strong understanding of fixed income markets and instruments and related investment strategies- especially in high yield, EM debt, short duration, liquidity and multi sector credit.
• Technical confidence with FI Factor models and risk metrics such as duration/KRDs, DV01, CS01, OAS, spreads, liquidity analytics, credit quality and sector exposures.
• Working knowledge of absolute return and relative risk measurement tools / concepts for example: Absolute/Relative VaR, factors.
• Good overall understanding of fund risk management techniques and practices in other asset classes such equity, multi asset and a multi manager business strategy.
• UCITS and AIFMD knowledge as pertains to risk investment restrictions is an advantage.
• Proficient user of Bloomberg, knowledge of MSCI RiskManager / BarraOne or other risk systems a plus.
Applications Close Date
Fixed Income Fund Risk Manager
Employment Type
Permanent
Location
Role Profile
We are seeking an experienced Fixed Income Fund Risk Manager to join our Fund Risk Team to take principal ownership of the fixed income investment risk capability in Dublin.
This role will be centered on the fixed income franchise of Mediolanum International Funds Ltd (MIFL) and offers a great opportunity to work closely both with internal portfolio managers located in the same building and with external delegated investment managers.
The successful candidate will devote their time to a second line of defence role using a "challenge and support" approach and will be the point of contact for the overall risk profile of internally managed fixed income sleeves and delegated mandates. There might be additional scope and emphasis for the role holder to provide fixed income investment risk support to the multi asset franchise.
The role holder will be part of the wider MIFL Risk Management Function covering fund risk, operational risk and enterprise risk. The Risk Function implements MIFL's risk strategy and philosophy across the organisation.
Duties
• Maintain and enhance the investment risk governance framework within the fixed income asset class franchise.
• Ensure that fund risk risks are effectively measured and monitored and relevant local policies and Group Circulars are implemented.
• Develop and improve processes, procedures and tools to monitor all aspects of investment risk, of counterparty credit risk and liquidity risk arising in the fixed income franchise.
• Identify hot spot, risk concentrations, unintended exposures and unrewarded risks and monitor key investment decisions associated with existing funds and new fund launches.
• Act as a trusted partner to portfolio managers in a second line of defence role, enabling business outcomes but maintaining a strong independent oversight and challenge ethos.
• Participate in various governance committees, Boards and processes representing the Risk Department and actively promoting opportunities to improve risk mitigations, controls and manage risk.
• Assess emerging and macro risks, including the impact of new products or significant process / business changes and propose effective solutions.
• Support new fund launches and the introduction of new instrument types while promoting a strong risk awareness culture.
• Work and interact closely with internal teams, in particular the Investments Function, Compliance and Product Function in both monitoring and assessing risk within sub funds.
• Participate in regulatory risk and projects tasks as and when required.
Skills & Competencies
• Organized individual who can self-manage multiple priorities, routine work and urgent issues as they arise.
• The ideal candidate is focused on resolving issues in a pro-active way and in a timely way.
• Display Knowledge & Authority and attention to detail in dealings with all parties and maintaining priority of achieving goals.
• Can establish yourself as a subject matter expert for internal and external parties.
• Ability to work independently on projects which are key to the development /progression of the Risk Team.
• Ability to develop and manage relationships both internally and externally.
• Excellent verbal, written and numeric skills.
• Aptitude to continually grow professional skillset and introduce cutting edge / advanced modelling techniques.
• Strong analytical and IT skills with experience with Python, SQL, Power BI and exposure to using LLM Agents such as Copilot Cowork, Claude Coworkor Gemini strongly preferred.
Qualifications & Experience
• Degree or Postgraduate degree with substantial mathematical / statistical/ financial element. FRM / PRM / CFA accreditation is an advantage.
• Minimum of 7 to 10 years' work experience in Risk Management within a fund manager, hedge fund or asset owner, with strong technical knowledge and modelling experience and comfortable with a second line of defence role.
• Strong understanding of fixed income markets and instruments and related investment strategies- especially in high yield, EM debt, short duration, liquidity and multi sector credit.
• Technical confidence with FI Factor models and risk metrics such as duration/KRDs, DV01, CS01, OAS, spreads, liquidity analytics, credit quality and sector exposures.
• Working knowledge of absolute return and relative risk measurement tools / concepts for example: Absolute/Relative VaR, factors.
• Good overall understanding of fund risk management techniques and practices in other asset classes such equity, multi asset and a multi manager business strategy.
• UCITS and AIFMD knowledge as pertains to risk investment restrictions is an advantage.
• Proficient user of Bloomberg, knowledge of MSCI RiskManager / BarraOne or other risk systems a plus.
Applications Close Date
