Enterprise Risk Associate, FX & Rates

Schonfeld; New York (NY); On-site; USD 175,000 - 250,000; Full time

Job summary

Schonfeld is seeking a Risk Associate to join the risk team and help build and maintain analytical frameworks that illuminate risk drivers across portfolios. You will communicate insights to senior leadership and contribute to capital allocation decisions, collaborating with Technology, vendors, COO teams, and quants.

The role emphasizes understanding trading strategies, developing models, and translating complex risk signals into actionable analytics for enterprise risk management.

Qualifications

• Experience with market standard models for pricing rates and FX derivatives.
• 5-10 years of experience working in quantitative trading or risk.
• Strong track record of solving business problems independently.
• Ability to simplify and present complex topics and influence decisions.
• Passion for learning and discovering new ideas in quantitative finance.
• Proficiency with procedural programming skills (Python).
• Strong mathematical and statistical modeling knowledge.
• Comfort with analysis of large datasets.

Responsibilities

• Understand trading strategies and ensure risk is captured correctly in models.
• Collaborate with Technology, vendors, COO teams, strategy quants and risk coverage teams to prioritize work.
• Create our own models and solutions when external tools do not fit enterprise needs.
• Generate insights into key drivers of firmwide risk and communicate to senior management.
• Incorporate insights into models and analytics to mitigate drawdowns and inform capital allocation.

Skills

Python

Quant finance

Data analysis

Independent work

Communication

Math & stats

Large datasets

Tools

GitHub

Job description

The Role

We are seeking an exceptionally talented individual to join our risk team to be a key member focused on risk modeling and monitoring in support of senior leadership in making capital allocation and firm risk management decisions. A successful candidate will help to build and maintain analytical framework used to gain insights into risk drivers of our portfolios, as well as communicate those insights to senior management.

What You’ll Do

The Risk Associate will be responsible for understanding our trading strategies and making sure that the risk inherent in those strategies is captured correctly in our risk models. To accomplish this goal, you will work with Technology, external vendors, COO teams, strategy quants and strategy risk coverage teams to prioritize work needed to correctly capture risk at the enterprise level. When external solutions fail to fit enterprise requirements, you will be responsible for creating our own models and solutions.

You will also be responsible for generating insights into the key drivers of firmwide risk and communicating them to the broader management team. You will also work on incorporating them into models and analytics to mitigate the risk of outsized drawdowns and to help inform the firm’s capital allocation process.

What You’ll Bring

• Experience with market standard models for pricing rates and FX derivatives
• 5-10 years of experience working in quantitative trading or risk
• A strong track record of working independently to solve business problems
• The ability to simplify and present complex topics and influence decision outcomes
• Passion for learning and discovering new ideas in quantitative finance
• Proficiency with procedural programming skills (Python)
• Strong mathematical and statistical modeling (knowledge of matrix algebra and linear analysis)
• Comfort with analysis of large datasets, high-level attention to detail

We’d Love If You Had

• A personal GitHub page highlighting some of your personal projects
• Knowledge of Hedge Fund rates & FX derivative trading strategies

Who We Are

Schonfeld is a global multi-manager hedge fund that strives to deliver industry-leading risk-adjusted returns for our investors. We leverage both internal and external portfolio manager teams around the world, seeking to capitalize on inefficiencies and opportunities within the markets. We draw from decades of experience and a significant investment in proprietary technology, infrastructure and risk analytics to invest across four main strategies: Quant, Tactical, Fundamental Equity and Discretionary Macro & Fixed Income.

Our Culture

At Schonfeld, we’ll invest in you. Attracting and retaining top talent is at the heart of what we do, because we believe that exceptional outcomes begin with exceptional people. We foster a culture where talent is empowered to continually learn, innovate and pursue ambitious goals. We are teamwork-oriented, collaborative and encourage ideas—at all levels—to be shared. As an organization committed to investing in our people, we provide learning and educational offerings and opportunities to make an impact. We encourage community through internal networks, external partnerships and service initiatives that promote inclusion and purpose beyond the firm’s walls.

The base pay for this role is expected to be between $175,000 and $250,000. The expected base pay range is based on information at the time this post was generated. This role may also be eligible for other forms of compensation such as a performance bonus and a competitive benefits package. Actual compensation for the successful candidate will be determined based on a variety of factors such as skills, qualifications, and experience.