Senior Emerging Markets Risk Manager

Balyasny Asset Management L.P.; Dubai; On-site; AED 600,000 - 900,000; Full time

Job summary

Balyasny Asset Management L.P. is seeking a Senior Emerging Markets Risk Manager to lead risk oversight across Latin America, Asia, and CEEMEA. You will work with global risk professionals, quants, and portfolio managers to monitor risk, calibrate guidelines, and analyze trade-level exposures.

You will collaborate with teams globally to address risk outside policy, perform VaR and stress testing, and contribute to strategic risk policy research within the Fixed Income & Macro franchise.

Qualifications

• 12+ years of experience in trading, sales, structuring, quantitative analysis, or market risk roles.
• Deep knowledge of Emerging Markets across Latin America, Asia, and CEEMEA.
• Excellent collaboration across global offices and teams.
• Strong ability to present complex risk concepts to senior stakeholders.

Responsibilities

• Partner with PM teams to analyze portfolio risk across EM regions.
• Calibrate and manage risk guidelines aligned with risk appetite and regulations.
• Collaborate with PMs to resolve risk discrepancies and align with policy.
• Conduct detailed trade-level risk analyses for positions and derivatives.
• Perform top-down risk assessments including VaR and stress testing.
• Present risk findings clearly to senior risk and management teams.
• Develop analyses and reports for risk team members and PMs.
• Contribute to research on risk policy and portfolio guidelines.

Skills

Python programming

Communication skills

Cross‑functional collaboration

Education

Advanced degree in a quantitative discipline (math/engineering/physics/finance)

Tools

Python

Job description

The Senior Emerging Markets Risk Manager will report to the Co-Heads of Fixed Income & Macro Risk and work collaboratively with a global team of expert risk professionals, quantitative analysts, and Portfolio Management teams. The individual will be responsible for risk oversight and analysis across Emerging Markets in Latin America, Asia, and CEEMEA. This is a high-impact role supporting the growth and risk management of the firm’s Fixed Income & Macro business in Emerging Markets.

Key Responsibilities:

• Partner with Developed and Emerging Markets Portfolio Management teams to understand and analyze portfolio risk across Latin America, Asia, and CEEMEA.
• Calibrate and manage risk guidelines for multiple portfolio teams, ensuring alignment with firm-wide risk appetite and regulatory requirements.
• Collaborate with portfolio managers to resolve discrepancies in measured risk or address risk exposures outside of policy guidelines.
• Conduct detailed trade-level risk analysis for both new and existing positions, including rates, FX, sovereign and corporate credit, equities, and derivatives.
• Perform top-down risk assessments of the Emerging Markets business, including exposure analysis, Value at Risk (VaR), and stress testing.
• Present business-level risk in a clear and concise manner to senior risk and management teams.
• Maintain a detailed and proactive view of the current risk environment, monitoring risk events and their potential impact on positions.
• Construct and analyze event risk scenarios relevant to Emerging Markets.
• Assess and explain P&L drivers, both intraday and historically, across portfolios.
• Develop analyses and reports for use by risk team members and portfolio managers.
• Contribute to innovative research on risk policy, risk allocation, and portfolio guidelines, with a focus on Emerging Markets.

Qualifications:

• 12+ years of experience in trading, sales, structuring, quantitative analysis, or market risk roles at a sell-side or buy-side institution; hedge fund experience strongly preferred.
• Deep knowledge and experience in Emerging Markets, with expertise in Fixed Income, Rates, FX, and derivatives across Latin America, Asia, and CEEMEA.
• Demonstrated ability to collaborate and work effectively across global offices and teams.
• Excellent communication skills, with the ability to present complex risk concepts to senior stakeholders.

Desirable Skills:

• Strong programming skills in Python, or a computer science background with the ability to learn Python.
• Advanced academic background in a quantitative discipline (e.g., mathematics, engineering, physics, finance).