Risk & Outsourcing Manager

Pictet is an investment-led service company, offering wealth management, asset management and related services.

We are an independent investment partnership known for our long-term mindset, responsible approach to business and entrepreneurial spirit. These principles have defined us since 1805. For our clients, colleagues, and wider society, we always aim to do the right thing and honour our commitment to enduring quality.

With more than CHF 686 billion in assets under management or custody as of December 31st 2023, Pictet is today one of the leading Europe-based independent wealth and asset managers.

The Group is headquartered in Geneva, where its activities began, and employs more than 5000 employees. With 30 offices, it is also present in Amsterdam, Basel, Barcelona, ​​Brussels, Dubai, Frankfurt, Hong Kong, Lausanne, London, Luxembourg, Madrid, Milan, Monaco, Montreal, Munich, Nassau, Osaka, Paris, Rome, Shanghai, Singapore, Stuttgart, Taipei, Tel-Aviv, Tokyo, Turin, Verona, Shanghai, New York and Zurich.

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.

Operations provide secure and efficient processing of Pictet’s banking transactions and investment funds. Our teams ensure all activities follow regulations and manage risks. By developing and maintaining a modern, robust infrastructure, we guarantee reliable, high-quality services for Pictet wealth management, asset management and real estate clients.

The Risk & Outsourcing Manager will join the Control & Oversight - LUX team.

Acting as the on-site contact person covering the activities delegated to the Group's entities. The incumbent will be the main contact person for the supervisory authorities and a relay for the Operations Management. Your role will be to support local teams, understand the delegated activities, document them, be able to explain them and carry out periodic checks to ensure compliance with the guidelines in place, to validate the quality of how they are processed, as well as risk assessment and monitoring.

Your role

Supervision (1st line of defense) of delegated activities :

Acting as the single point of contact within the custodian bank for delegated operational activities.

Interacting with people in charge of supervision and subcontracting.

The coverage of the post holder's activities will evolve in line with new regulations.

Operations management office activities :

Providing the necessary assistance to the local teams (e.g. COO, Risk Management, Unit Managers) in terms of reporting.

Being a relay to align the practices across the teams in terms of risk management (incl. Kaizen ops, follow-up of remediation, audit recommendations, action plan).

Project management :

Participate to regulatory projects, risk management projects, including liaising with the different lines of defences (L1 / L2) when needed.

Documentation of procedures and operational risk monitoring :

Providing the necessary assistance to unit managers to ensure that their procedures are up to date and complete. Ensuring consistency of level and depth.

Building and maintaining a central repository of documentation. Ensuring that the documentation is regularly updated.

Your profile

Education :

• Bachelor degree in Law, Finance and / or business administration

Requested experience :

Professional banking experience (minimum five years).

Expert knowledge of operational banking activities.

Good knowledge of outsourcing regulations (CH, LUX, DE).

Technical and personal skills :

Excellent listening and communication skills, both oral and written.

Able to manage priorities and to work under pressure.

A keen interest in regulatory activities, risk management and carrying out controls.

Methodical, organised and precise.

Self-reliant and proactive.

Able to work with a consensus-based approach and show pragmatism.

Language skills :

Note

We will not accept any CVs from agencies.

In accordance with the provisions of the Luxembourg law of 23 July 2016 amending the law of 29 March 2013, candidates may be required to provide an extract from their criminal record. This document, issued by the authorities, must not be older than three months. Such a document will be requested with the aim of carrying out a character check on candidates, bearing in mind the area of activity of our establishment and, more particularly, the tasks described in the job description.

Flexible and modern ways of working

As a responsible and supportive employer, we promote the well-being of our employees through a set of flexible working arrangements, ranging from a work-from-home policy for eligible functions to opportunities for annualised part-time leave and extended parental leave.

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.