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Portfolio Manager Assistant Internship – Merger Arbitrage

Varenne Capital Partners is a global hedge fund with over 2 billion euro of assets under management. We strive to achieve this goal by employing proprietary research and combining complementary investment frameworks in a single strategy: Long Equity, Short Equity, Merger Arbitrage and Tail Risk Hedging. All our investment frameworks stem from years of research and development and as a result comprise original methodologies, formalized processes, dedicated teams of analysts and bespoke information systems. It is the opportunity for you to join a well-established and fast-growing hedge fund with a long track record of success as part of a diverse, stable and experienced investment team.

 

Mission

Merger Arbitrage consists in exploiting price inefficiencies arising when a merger or acquisition is announced. As part of the team, you will assist Portfolio Managers in charge of the strategy. Tasks will be varied and will include:

  • Performing portfolio reviews and profit-and-loss reconciliation
  • Preparing the weekly investment meeting
  • Screening new arbitrage opportunities
  • Contributing to the analysis of deals and attend investment committees
  • Monitoring the investment strategy environment
  • Interacting with other teams (middle office, risks, compliance, marketing, …)
  • Research and Development

 

Profile

Degree in Finance from a top tier University or Business School.

Solid skills in Financial Analysis and Corporate Finance. CFA is a plus.

Proficiency in Microsoft Office. Bloomberg and VBA/Microsoft BI programming are a plus.

Fluency in spoken and written English essential, French and/or another language a plus.

Strong work ethic and teamwork orientation with a proactive attitude.

 

Terms

Length : 6 months

Start : January 2021

Location : 42 avenue Montaigne, 75008 Paris, France

Contact : bvaur@varennecapital.com

 

Risk Officer

Risk Officer

 

The Risk Officer will handle all risk related tasks in relation to Varenne Capital Partners’ UCITS and AIFMD funds to ensure compliance with the regulatory and internal guidelines. To this purpose she/he will identify, monitor and report on an ongoing basis all risks related to Investments. In addition, she/he will identify, report and implement areas for improvement; and will assist in project related tasks and special requests.

 

Duties and responsibilities

•              Support the Head of Risk Management

•              Monitor the funds’ risk in line with regulatory and internal requirements

•              Ensure correct execution of the daily controls and risk reporting

•              Support the development, implementation and maintenance of efficient controls in all areas covered by the risk management department

•              Ensure accurate documentation of processes

•              Ensure adequate reporting of all Risk Management related topics to senior management, internal / external auditors and local regulator.

•              Assist in the implementation of the firm’s Risk Management strategy and framework in all of its different aspects with a strong focus on investment risk across:

                ­              Strategy and policy formulation

                ­              Governance

                ­              Systems

                ­              Communication and training

•              Support all enterprise/operational risk initiatives.

•              Participate in fostering the right risk culture across the organization.

Risk Reporting and Communication

•              Provide timely risk information to senior leadership team, including highlighting any major risks or concerns in a timely manner.

•              Oversee the monitoring of risk appetite and monitoring adherence to policy across the business.

•              Support the Head of Risk in his communications with internal and external stakeholders, including regulators.

•              Maintain industry awareness, best practice insight and regulatory knowledge to ensure that risk oversight at the firm is up to date and in line with its risk profile and systemic importance.

Risk Identification, Management and Monitoring

•              Act as a relay to the Head of Risk as an expert sounding board for the business on risk related matters.

•              Help to maintain a risk appetite framework including statements and limits whilst receiving input from the first line functions.

•              Facilitate the articulation of and calibration process for the risk appetite

 

Risk Control

•               Establish risk management methodologies, analytics and models.

•               Review and challenge risk controls.

•               Produce reports/dashboards regarding risk profiles and the effectiveness of controls.

•               Participate in ensuring that risk model approaches, inputs, assumptions and stress testing scenarios are appropriately challenged on an ongoing basis.

 

Education

Master's (M2) in Finance / Financial Mathematics or equivalent

 

Professional experience

Between 4 and 7 years of experience in a risk function preferably in the Asset Management sector but candidates with an investment banking background will also be considered.

 

Required skills

•               A sound technical understanding of both financial and non-financial risks including, but not limited to investment, credit, market, liquidity and enterprise/operational risk.

•               A successful track-record managing risk including quantification, policies and processes, risk-based performance measurement,…

•               A good understanding of applicable UCITS & AIFMD regulation from ESMA and local NCAs regulatory requirements and principles: France (AMF) and /or Luxembourg (CSSF).

•               Willingness to learn, progress and always “go the extra mile”.

•               Numerical fluency and a high comfort level with technical subjects.

•               A deep understanding of risk management measures & models. Knowledge of derivatives modelling and pricing would be a plus.

•               Strong analytical skills and judgement.

•               Familiarity with Excel / Visual Basic.

•               Knowledge of any programming language / tool would be a plus.

•               Fluency in English is required.

 

Terms 

Length : Permanent Contract

Start : As soon as possible

Location : 42 avenue Montaigne, 75008 Paris, France

Contact : lchretien@varennecapital.com

 

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