Emerging Markets Risk Manager

Paragon Alpha - Hedge Fund Talent Business; Greater London; On-site; GBP 100,000 - 180,000; Full time

Job summary

Paragon Alpha - Hedge Fund Talent Business seeks an Emerging Markets Risk Manager in London. This front-office aligned role focuses on independent risk challenges to portfolio construction, risk-taking and capital allocation, aiming to optimise risk-adjusted returns.

You will partner with EM PMs, monitor exposures, and develop analytics with Quant Research and Tech teams to support investment decisions.

Qualifications

• Experience in Investment/Market risk for EM portfolios.
• Experience at a multi-strategy hedge fund.
• Strong EM product knowledge: Rates, FX, sovereign/corp credit.
• Experience partnering with PMs and challenging decisions.
• Strong knowledge of VaR, stress testing, scenario analysis, liquidity risk.
• Understanding of macroeconomic/geopolitical EM risks.
• Analytical and quantitative skills for portfolio risk.
• Python or SQL experience would be advantageous.

Responsibilities

• Partner with EM PMs on portfolio construction and risk.
• Challenge positioning, concentration, liquidity, leverage decisions.
• Monitor exposures across EM Rates, FX, sovereign & corporate credit.
• Perform VaR, stress testing, scenario analysis, P&L attribution.
• Analyse macro and geopolitical risks impacting portfolios.
• Develop risk analytics with Quant Research and Tech teams.
• Present risk views and themes to senior investment professionals.

Skills

Risk management

Emerging markets

Front office risk

VaR analysis

Stress testing

Macro risk

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.