Bank Pictet & Cie (Europe) AG, succursale de Luxembourg S.A.E.
Luxembourg, LUXEMBOURG
Career Opportunities: Senior Risk Manager Private Assets (124229)
Requisition ID 124229 - Posted 24/04/2026 - Luxembourg - Luxembourg - Activity area (2) - Experienced Professionals
Your team
The Pictet Group is one of the world's leading independent wealth and asset managers. Founded in 1805 and headquartered in Geneva, Switzerland, the Group is represented at 30 offices in financial centres worldwide, and currently employs over 5200 people. Pictet has been present since 1989 in Luxembourg, where it employs over 700 people.
Pictet Asset Management (Europe) S.A., set up in Luxembourg in 2005, manages the assets of some of the world's largest institutions, financial intermediaries and their clients. Our culture welcomes independent thinkers and centres around investment excellence, a long-term perspective and a dedication to client service.
As Senior Risk Manager Private Assets, you are the investment risk & performance point of contact in Luxembourg and a key contributor to the ManCo/AIFM control framework for private assets, i.e. private equity (PE), real estate (RE) private debt (PD) and funds of funds (FoF). The role combines (i) investment risk oversight and execution of the controls monitoring plan and (ii) investment controlling and performance support for PE/RE/PD funds and portfolios. Reporting to the Head of Investment Risk & Performance (based in Geneva), you take ownership of high-quality analysis, rigorous follow-up and committee-ready reporting.
Your role
• Perform pre-investment controlling on PE/RE/PD portfolios (FoF, co-investments and direct deals).
• Provide timely risk assessment and recommendation to the investment committee (no voting rights).
• Ensure fluid and informed communication with the local Conducting Officer for Risk Management, including timely escalation and alignment on key topics.
• Conduct post-investment monitoring: follow up on key risks, breaches and action items; challenge and escalate where required.
• Execute and maintain the controls monitoring plan (risk, compliance, controlling, valuation and reporting): testing, evidence, issue tracking and follow-up.
• Prepare and present risk and performance materials for committees and senior stakeholders.
• Support performance measurement and benchmarking for private assets; ensure methodology consistency and data quality.
• Build and maintain dashboards, Excel models and PowerPoint packs.
• Partner with portfolio management, operations, compliance, legal, valuation and external providers to ensure robust oversight and timely issue resolution.
• Contribute to Luxembourg ManCo/AIFM oversight requirements (risk reporting, delegation oversight, audits/exams support) and maintain relevant policies/procedures within scope.
• Drive automation (incl through AI) and continuous improvement across processes, data and tooling to improve efficiency and control effectiveness.
Your profile
• Master's Degree in Finance, Economics, Business Administration (or other field completed with relevant work experience). Professional certifications such as FRM and/or CAIA are a plus; other relevant risk or private markets certifications are also valued.
• 5 to 10 years experience hands-on PE/RE/PD risk/investment controlling in a Luxembourg ManCo/AIFM. PM profiles considered.
• Extensive experience in private assets investment risk management and investment controlling, ideally within a Luxembourg ManCo/AIFM or institutional asset manager.
• Strong command of private markets risk governance (risk appetite, guidelines, escalation, committees) across PE/RE/PD.
• Hands-on pre-investment risk reviews for FoF and direct funds across PE/RE/PD (underlying funds, co-investments, direct deals), incl. due diligence, structure/documentation, leverage and key terms.
• Understanding of evergreen/open-ended private asset funds and key risks (liquidity tools, NAV-based dealing, valuation governance, pacing/cash management, leverage).
• Solid knowledge of EU and Luxembourg alternatives requirements (AIFMD, EMIR, SFDR, PRIIPS, MIFID, DORA, and CSSF expectations), incl. risk function set-up, delegation oversight and reporting.
• Proven ability to design and run robust L2 controls for private assets (guidelines/limits, valuation challenge, liquidity, leverage, concentration, counterparty, sustainability and operational risk), with clear follow-up.
• Advanced Excel and strong data/tooling skills; able to build dashboards and automate controls. Experience using AI (e.g., GenAI/ML) to streamline data.
• Highly autonomous; able to operate as a stand-alone risk function locally, with minimal supervision.
• Delivers high-quality output under tight deadlines; strong prioritisation and follow-through.
• Confident and constructive challenger; able to hold demanding discussions with portfolio managers and senior executives.
• Clear, precise communicator with strong committee presence; pragmatic and proactive in driving solutions.
• Nimble and adaptable; able to drive process change and support technology/AI implementation from idea to adoption.
Note
We will not accept any CVs via agencies
Diversity & Inclusion
Pictet is an equal opportunity employer and is committed to creating a diverse environment. We respect all individuals and seek their inclusion in the workplace.
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