Senior Investment Risk Manager - Alternatives Real Estate

Job Description:

Employer:            DWS Group

Title:                     Senior Investment Risk Manager - Alternatives Real Estate

Location:              New York

Job Code:            #LI-MB1 #LI-04

About DWS:

DWS Group (DWS) is one of the world's leading asset managers. Building on more than 60 years of experience, it has a reputation for excellence in Germany, Europe, the Americas and Asia. DWS is recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.

We offer individuals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our investment approach strategically.

DWS wants to innovate and shape the future of investing: with approximately 3,900 employees in offices all over the world, we are local while being one global team. We are investors – entrusted to build the best foundation for our clients’ future.

Overview

Risk is the independent risk oversight function of DWS, working closely with Portfolio Management, Trading and other support and control functions. The Chief Risk Office (CRO) within DWS is an independent function responsible for protecting the business as well as being a trusted advisor and partner for supporting sustainable growth. The Investment Risk as part of CRO has team members in Frankfurt, Berlin, Luxembourg, New York, Zurich and Hong Kong.

As an Investment Risk Team Lead you will focus on the assessment, control and governance of investment risks taken within illiquid alternative funds and separately managed accounts, with a focus on real estate-, infrastructure-, private equity- and private debt investments. In your role you will oversee market, -counterparty, credit, and liquidity risks including ESG/sustainability risk factors. You will be instrumental in advancing the risk management framework while supporting growth initiatives within a focus region for the firm.

Advantages of the Role:

The opportunity to work in a global risk management department provides the following benefits to a suitable candidate:

• Further develop risk management framework design and implementation for real estate, infrastructure, and private equity products

• Develop a broad understanding of DWS illiquid alternative investment strategies, their risks, and mitigating controls

• Significant engagement with DWS Portfolio and Product Management

Your Key Responsibilities:

• Enhance risk management framework and develop risk indicators to identify, assess and monitor risk

• Perform risk and valuation analyses on a range of illiquid assets with a particular focus on Real Estate (Equity and Debt)

• Conduct periodic portfolio reviews, policy update, procedure enhancement and risk reporting

• Contribute to the integration of Climate Risk and Sustainability Risk in the Risk Management Framework for illiquid Investment Strategies

• Establish and manage relationships with relevant stakeholders including researchers, portfolio managers and product specialists

• Represent the Investment Risk Team in DWS

• Manage and coach junior team members

Your Skills & Experience:

• Extensive experience in the asset management industry, preferably in a front-office (research or portfolio management) or risk management role

• Advanced degree in Economics, Finance or Quantitative fields

• Technical knowledge of financial markets, valuation methodologies and risk models (e.g., DCF, Multiple Approach, VaR, and stress testing)

• Industry certifications are a plus (e.g., CFA, FRM, CAIA)

• Previous experience at recruiting and managing resources

• Relevant experience with illiquid asset underwriting and risk assessment, with a major focus across Real Estate (Equity and Debt)

• Previous exposure to the asset management business, core risk management concepts, and regulatory frameworks

• Business acumen and strong communication skills

What we’ll offer you:

A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why