Head of Investment Risk

The Value of Active Minds
 

About Jupiter

Jupiter is one of the UK’s leading investment management companies with just under 500 employees and £54 billion worth of assets under management (as at 31st December 2025). 

Jupiter provides investment services to individual and institutional investors through mutual funds (UK unit trusts, Luxembourg SICAVs and Dublin OEICs), separately managed accounts and sub-advised funds. Jupiter has experienced a period of international growth with offices open in EMEA and APAC.

The majority of our employees are based in our London office located just minutes from Victoria station which provides stair-free access from both the Underground’s Victoria line and National Rail platforms, as well as limited road crossings to the Jupiter office. Our London office was designed to encourage employees to live active, healthy lives with floor-to-ceiling windows that allow for greater natural light and the benefit of a private balcony, table tennis room, cycle storage and on-site shower and locker facilities. The short distance to Green Park and St James' Park also provides employees with a natural space to relax during their lunch break and a healthy alternative to office-based meetings. 

We offer our UK employees a 3:2 hybrid working arrangement where Tuesdays, Thursdays and a third day of your choice are worked from the office. The other two days may be worked from home.  This facilitates collaboration and allows employees to maximise productivity whilst maintaining a healthy work/life balance.

Background

An opportunity exists for an experienced Investment Risk leader to head Jupiter's Investment Risk function. Reporting into Senior Leadership, the role is responsible for leading the Investment Risk team, ensuring the function provides independent oversight, effective challenge and commercially focused support to Investment Management (both Investment Managers and Investment Leadership) across the firm's investment strategies as well as prudent management of the firm’s balance sheet risk.

The Head of Investment Risk will periodically review the firm's investment risk framework, ensuring it remains appropriate and oversee its implementation across all asset classes, including Equities, Fixed Income, Multi-Asset and Alternatives, with responsibility for market, liquidity, counterparty, concentration and event risk. The role is central to ensuring that Investment Risk remains a trusted partner to Investment Management, providing independent challenge while supporting portfolio construction, new product development and strategic business initiatives.

The successful candidate will lead the continued evolution of the Investment Risk operating model, driving automation, analytical capability and technology enhancements to ensure the function remains scalable and continuously improves, remaining fit for purpose as business requirements around the team change over time. The role also has responsibility for regulatory investment risk oversight, governance reporting and engagement with senior committees. working closely with the Investment Management Leadership Team, Investment Managers, Compliance, Operations, Product, Fund Accounting and the Senior Management Committee (‘SMC’)..

Key Responsibilities

• Lead and develop Jupiter's Investment Risk function, establishing strategic priorities and ensuring the team delivers high-quality, timely and insightful risk analysist to Investment Managers, Investment Management Leadership, Finance, Product and others as required.
• Own and continuously enhance the firm's Investment Risk Framework, ensuring appropriate coverage across market, liquidity, counterparty, concentration and event risks (fund risk and corporate balance sheet risk) as Jupiter’s product mix evolves over time.
• Provide independent challenge and trusted advice to Investment Managers, and the Investment Management Leadership Team, balancing robust risk oversight with commercial awareness.
• Oversee investment risk monitoring processes and regulatory investment risk controls, ensuring compliance with internal policies and external regulatory requirements while driving automation and operational efficiency.
• Lead the production and presentation of investment risk reporting to senior management, governance committees and Boards, ensuring reporting is insightful, forward-looking and supports effective decision-making.
• Play a leading role in Investment Management Review meetings, ensuring robust discussion of portfolio risks, emerging themes and risk mitigation actions, as well as ensuring that agreed actions are followed up on
• Provide recommendations for hedges of seed investments and ensure Jupiter’s balance sheet risks are accurately measured and within risk tolerances.
• Drive the continued development of the Investment Risk Target Operating Model, delivering enhancements to infrastructure, data, analytics and technology that strengthen the function's capabilities.
• Establish and maintain expertise in the firm's investment risk models and methodologies, ensuring they remain appropriate, well governed and effectively communicated to both technical and non-technical audiences.
• Partner with Investment Management on new business initiatives, including fund launches, strategy changes and product repositioning, providing independent risk assessment and constructive challenge throughout the approval process.
• Lead horizon scanning for emerging market, liquidity and geopolitical risks, ensuring material developments are assessed, modelled, quantified and communicated proactively with clear recommendations where appropriate.
• Oversee ad hoc analytical support for investment teams, clients and strategic projects, including portfolio reviews, stress testing, scenario analysis and pre-launch modelling.
• Build strong relationships across Investment Management, Compliance, Legal, Operations, Product, Client Group and Technology to embed effective Investment risk management throughout the organisation.
• Lead, coach and develop the Investment Risk team, fostering a high-performance culture focused on continuous improvement, innovation and collaboration.
• Represent the Investment Risk function internally and externally, contributing to regulatory interactions, client due diligence meetings and industry engagement where appropriate. Internal representation includes but is not limited to the Investment Oversight Committee, the Valuation & Pricing Committee, the Counterparty Review Forum (Chair) the Product & Governance Forum and the Seed implementation Group.
• Work extensively with the Enterprise Risk team, Finance and others as required on the company’s ICAAP/ICARA, assisting with devising appropriate scenarios and calculating capital required based on the scenario modelled.

Desired Skills / Experience

• Proven experience leading an investment risk function within asset management.
• Strong knowledge of market, liquidity, counterparty and portfolio risk.
• Experience working with senior stakeholders and governance committees.
• Experience developing and enhancing investment risk frameworks.
• Track record of leading teams and driving continuous improvement.
• Experience supporting regulatory requirements and strategic business initiatives.

Additional Role Details

• This role is subject to the Conduct Rules set by the FCA.

Don’t meet every requirement? At Jupiter we are dedicated to building a diverse and inclusive workplace, so if you are interested in this role, but don’t think your experience aligns perfectly with every listed requirement in the job description, we would encourage you to apply. You may be the right person for this role.