Head of Investment and Market Risk Oversight

Help us shape the future!

There’s never been a more exciting time to join HL. We’re looking for a Head of Investment and Market Risk Oversight to support our bold ambition to become the UK’s premier investment and savings platform, all in service of our purpose to help Britain build wealth with confidence.

We’re transforming how we support our clients through personalised guidance, distinctive products and trusted expertise, and our people are at the heart of making that happen.

Join us and you’ll have the opportunity to think boldly, do brilliant work and make a purposeful difference, while growing your career and helping to shape the next chapter of HL.

About the role

Reporting to the Chief Risk Officer, you’ll lead HL’s independent second-line oversight of investment and market risk across our funds, products, investment solutions and own balance sheet. You’ll set the direction for our Investment Risk Framework, provide authoritative challenge to senior leaders and Boards, and ensure material risks are understood and managed within appetite. Combining deep technical expertise with commercial judgement, you’ll build a forward-looking capability that protects clients, informs strategic decisions and helps HL respond confidently to changing markets, regulation and emerging macro trends.

What you’ll be doing

• •Set the strategy for, own and continually develop HL’s Investment Risk Framework, methodologies, standards and analytical toolkit.
• •Lead independent second-line oversight and evidence-based challenge across investment, market, liquidity, treasury, counterparty, credit and concentration risk.
• •Shape risk appetite, limits, metrics and stress-testing approaches, ensuring breaches, concentrations and emerging trends are identified and escalated clearly.
• •Provide proactive risk oversight for new and changing funds, products and investment solutions before launch.
• •Advise the Chief Risk Officer, Chief Investment Officer, senior executives, governance committees and Boards through clear, decision-useful reporting and insight.
• •Track market and macroeconomic developments, translating complex quantitative analysis into practical implications for clients, portfolios and HL’s balance sheet.
• •Lead and develop a high-performing team of investment-risk specialists while strengthening data, technology and automation across the capability.

About you

Essential

• •Significant senior-level experience in investment, portfolio or quantitative risk within asset management, investment management or a comparable regulated financial-services environment.
• •Deep knowledge of multi-asset investment-risk methodologies, including market and liquidity risk, portfolio construction, asset allocation, performance and portfolio risk drivers.
• •Practical expertise in scenario analysis, stress testing, quantitative risk measurement and risk appetite, limits and monitoring frameworks.
• •Strong understanding of funds, fund-of-funds structures, underlying holdings, derivatives and the relationship between investment risk and performance.
• •Experience of firm-level market, treasury and balance-sheet risk, including counterparty, credit and concentration risk.
• •Detailed knowledge of the investment-risk regulatory environment, including UCITS and AIFMD requirements.
• •A strong record of influencing senior stakeholders, constructively challenging decisions and translating complex analysis for executive and Board audiences.
• •Proven experience leading and developing specialist risk professionals.

Desirable

• •CFA, FRM, PRM or a comparable professional qualification.
• •Experience with institutional risk platforms such as MSCI BarraOne, LiquidityMetrics or comparable analytical tools.
• •Experience of investment-risk governance involving Boards, investment committees or regulated fund-management entities, and of developing analytics, dashboards or automation.

We know great candidates don’t always meet every requirement. If this opportunity excites you and you have many of the skills and experiences we’re looking for, we encourage you to apply.

Working pattern

Location: Bristol – BS2

Hybrid / office expectations: Hybrid working, with regular office presence to support senior stakeholder engagement and team leadership.

Interview process

A 3-stage process consisting of technical, behavioural and presentation-based interviews

What’s on offer

• •Discretionary annual bonus* and annual pay review
• •25 days* holiday plus bank holidays and one additional Christmas closure day
• •Option to purchase up to five additional days’ holiday**
• •Flexible working options, including hybrid working
• •Enhanced parental leave
• •Pension scheme with up to 11% employer contribution
• •Income protection and life insurance (four times salary at core cover level)
• •Private medical insurance*
• •Healthcare cash plans, including optical, dental and outpatient care
• •Health screening programme
• •Help@hand, including confidential mental health counselling and remote GP support
• •Free on-site gym including classes
• •Wellhub access to fitness providers and wellness coaching
• •Travel-to-work schemes, bike storage and shower facilities
• •In-house barista and deli with subsidised coffee and sandwiches
• •Two paid volunteering days each year

• * Dependent on role level.
• ** Available for selection during the annual benefits window in November.

Belonging at HL

HL is an inclusive employer and we value the different perspectives and experiences people bring. We welcome applications from everyone and are committed to providing an accessible recruitment process. If you need an adjustment at any stage, please let the Recruitment & Onboarding team know.

Flexible working: This role may be available on a flexible-working or part-time basis. Please ask the Talent Acquisition team for more information.

Sponsorship: We are unable to provide employment sponsorship for this role.