Job Title:                     Investment Risk Manager, Real Estate (12 month maternity cover)

Reporting to:             MD, Head of Investment Risk, EMEA & APAC

Department:              Risk

Location:                     London

Regulatory Status:  Not Regulated

Nuveen

Nuveen is the investment management arm of TIAA. It is one of the largest global asset managers with specialist knowledge across a wide array of asset classes, including fixed income, equities and alternatives.  Nuveen is driven not only by the independent investment processes across the firm, but also the insights, risk management, analytics and other tools and resources a truly world-class platform provides. As a global asset manager, our mission is to work in partnership with our clients to create outcome-focused solutions to help them secure their financial future.  For more information about the firm please visit our website at www.Nuveen.com

Overview of the Role

As a member of Nuveen’s 2nd LoD Risk Team, acting as a “challenging partner” and “trusted advisor”, providing independent oversight and insightful challenge of Nuveen’s investment management and advisory activities; and supporting the investment team with innovative solutions to resolve risk matters.

The role-holder will be a subject matter expert focussed on, but not limited to, the commercial real estate asset class and will primarily be responsible for investment risk oversight, risk governance and reporting for both real estate equity and debt investments across UK, Europe and the Asia-Pacific region.

Key responsibilities:

• Develop investment risk management process under Nuveen’s global risk framework, embed appropriate risk management systems and models, drive best practice in risk management reporting and solutions.

• Chair independent risk meetings with investment team. This will require keeping up to date on market knowledge, emerging risks and insightful understanding of Nuveen’s portfolios.

• Provide independent challenge to ensure that investment positions and risk taken are consistent with client’s expectation and risk tolerance. Assist and challenge portfolio managers on portfolio constructions and highlight issues, including market risks, exposure concentrations and liquidity concerns.

• Deliver informative and timely risk reporting, and escalate risk issues to the Head of Investment Risk.

• Carry out detailed risk assessment on investment transactions, provide insightful and balanced risk opinion.

• Undertake liquidity and market stress testing and clearly articulate the results to the business.

• Perform regular and timely credit and counterparty risk, and leverage analysis across all portfolios.

• Provide support and advice to new product development from investment risk perspective.

• Keep abreast of latest industry market risk management techniques and where appropriate implement these within Nuveen Risk Management.

• Support the business to fulfil regulatory requirements and deliver regulatory reporting.

Qualifications & Experience Required

• Degree qualified

• Sound knowledge of commercial real estate asset class.

• Experience in investment risk analysis, including portfolio risk and credit risk

• Strong quantitative and analytical abilities

• Financial Modelling experience.

Desirable:

• Experience in research, transaction underwriting, performance analysis or portfolio management in real estate strongly preferred

• CAIA or CFA

• Knowledge in risk management systems

• Relevant experience of other asset classes like project finance, farmland and renewable energy would be beneficial.

Competencies Required

• Must be a team player as this position will interact with risk colleagues and business partners in multiple global locations and in many disciplines

• Need to be a disciplined and highly motivated individual who can work independently and deliver results with minimal supervision

• Ability to effectively influence, cooperate with, and oversee other departments effectively as this individual will need to advise and oversee a range of first line functions.

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Company Overview

Nuveen is the investment management arm of TIAA. It is one of the largest global asset managers with specialist knowledge across a wide array of asset classes, including fixed income, listed equities and alternatives.  Nuveen is driven not only by the independent investment processes across the firm, but also the insights, risk management, analytics and other tools and resources a truly world-class platform provides. As a global asset manager, our mission is to work in partnership with our clients to create outcome-focused solutions to help them secure their financial future.  For more information about the firm please visit our website at www.nuveen.com

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