Emerging Markets Risk Manager

Paragon Alpha - Hedge Fund Talent Business; City Of London; On-site; GBP 120,000 - 180,000; Full time

Job summary

Paragon Alpha is seeking an Emerging Markets Risk Manager to join its London-based Investment Risk team, partnering directly with Portfolio Managers across its expanding EM business to challenge risk positions and support capital allocation.

This front-office role requires strong knowledge of EM products (Rates, FX, Sovereign & Corporate Credit), expertise in VaR, stress testing and scenario analysis, and the ability to translate complex risk into actionable insights.

Qualifications

• Experience in Investment Risk or Front Office Risk in EM portfolios.
• Experience at a multi-strategy hedge fund.
• Strong knowledge of EM products (Rates, FX, Sovereign & Corporate Credit).
• Experience partnering with Portfolio Managers and challenging investment decisions.
• Strong understanding of VaR, stress testing, scenario analysis and liquidity risk.
• Excellent grasp of macroeconomic and geopolitical risks impacting EM.
• Strong analytical and quantitative skills.
• Programming experience (Python, SQL) advantageous.

Responsibilities

• Partner with EM Portfolio Managers on portfolio construction and risk.
• Challenge positioning, concentration, liquidity, leverage and risk-taking decisions.
• Monitor EM exposures across Rates, FX, Sovereign & Corporate Credit and Macro strategies.
• Perform VaR, stress testing, scenario analysis and P&L attribution.
• Analyse market, country, macro and geopolitical risks.
• Develop risk frameworks and analytics with Quantitative Research and Technology teams.
• Present risk views and emerging themes to senior investment professionals.

Skills

Portfolio risk

VaR & stress testing

Scenario analysis

P&L attribution

Macroeconomic risk

Tools

Python

SQL

Job description

Our leading Tier 1 Hedge Fund client is looking to hire an Emerging Markets Risk Manager to join its London-based Investment Risk team, partnering directly with Portfolio Managers across its growing Emerging Markets business. This is a highly front-office aligned role where you'll provide independent challenge on portfolio construction, risk-taking and capital allocation while helping optimise risk-adjusted returns.

Key Responsibilities

• Partner with Emerging Markets Portfolio Managers on portfolio construction and investment risk.
• Challenge positioning, concentration, liquidity, leverage and risk-taking decisions.
• Monitor portfolio exposures across EM Rates, FX, Sovereign & Corporate Credit and Macro strategies.
• Perform VaR, stress testing, scenario analysis and P&L attribution.
• Analyse market, country, macro and geopolitical risks impacting portfolios.
• Develop risk frameworks and analytics alongside Quantitative Research and Technology teams.
• Present risk views and emerging themes to senior investment professionals.

Requirements

• Experience within an Investment Risk, Market Risk or Front Office Risk function supporting Emerging Markets portfolios.
• Experience gained at a multi-strategy hedge fund.
• Strong understanding of Emerging Markets products, including Rates, FX, Sovereign & Corporate Credit.
• Experience partnering directly with Portfolio Managers and challenging investment decisions.
• Strong knowledge of portfolio risk metrics, including VaR, stress testing, scenario analysis and liquidity risk.
• Excellent understanding of macroeconomic and geopolitical risks impacting Emerging Markets.
• Strong analytical and quantitative skills with the ability to interpret complex portfolio risks.
• Python, SQL or similar programming experience would be advantageous.