Equity Risk Analyst

Paragon Alpha - Hedge Fund Talent Business; New York (NY); On-site; USD 110,000 - 170,000; Full time

Job summary

Paragon Alpha - Hedge Fund Talent Business in New York seeks an Equity Risk Analyst to join the investment risk function. The role centers on supporting its Long/Short Equity platform with exposure to Equity Volatility and Systematic Equity strategies, working closely with portfolio managers to monitor exposures and deliver actionable risk insights.

The successful candidate will contribute to enhancing risk infrastructure, develop analytical tools, and help automate reporting to improve

Qualifications

• Approximately 2–5 years of experience in equity risk or related analytical roles.
• Strong understanding of Long/Short Equity strategies and risk drivers.
• Experience analysing exposures, factor sensitivities and drawdowns.
• Proficiency in Excel; Python/SQL experience is a plus.
• Interest in risk infrastructure and developing analytical tools.

Responsibilities

• Work with Long/Short Equity PMs to monitor exposures and risk parameters.
• Analyse gross and net exposure, concentration, and correlations.
• Engage with PMs to discuss risk insights and portfolio positioning.
• Conduct performance attribution, stress tests and scenario analyses.
• Support risk monitoring across volatility and systematic equity strategies.
• Identify emerging concentrations and vulnerabilities across portfolios.
• Contribute to risk limits, monitoring frameworks and early-warning indicators.
• Collaborate with tech/data teams to improve risk infrastructure and reporting tooling.
• Automate recurring processes to improve reporting efficiency and accuracy.
• Develop analytics that provide timely risk insights to senior stakeholders.

Skills

Equity risk understanding

Portfolio risk analysis

Communication with PMs

Analytical problem solving

Tools

Excel

Python

SQL

Job description

A high performing Equity focused Multi-Manager is seeking an Equity Risk Analyst to join its investment risk function, with a primary focus on supporting its Long/Short Equity platform and additional exposure to Equity Volatility and Systematic Equity strategies.

The successful candidate will work closely with portfolio managers and investment teams to monitor portfolio exposures, assess emerging risks and provide actionable insights to support investment decision-making. Alongside day-to-day risk management, the role will contribute to enhancing the firm's risk infrastructure, improving analytical capabilities and optimising reporting processes.

This opportunity would suit an analytically minded candidate who enjoys working directly with investment professionals and combining hands-on portfolio risk analysis with technical and infrastructure development.

Key Responsibilities

• Work closely with Long/Short Equity portfolio managers to monitor portfolio positioning, exposures and adherence to established risk parameters.
• Analyse gross and net exposure, factor sensitivities, sector and industry concentration, single-name risk, liquidity and portfolio correlations.
• Engage directly with PMs to discuss portfolio positioning, investigate emerging risks and provide independent, commercially relevant risk insights.
• Conduct performance attribution, drawdown analysis, stress testing and scenario analysis to evaluate portfolio behaviour under different market conditions.
• Support risk monitoring across Equity Volatility and Systematic Equity strategies, developing an understanding of their distinct risk profiles and portfolio construction approaches.
• Identify emerging concentrations, unintended exposures and potential vulnerabilities across individual portfolios and the wider investment platform.
• Contribute to the development and refinement of risk limits, monitoring frameworks and early-warning indicators.
• Work with technology, data and quantitative teams to improve risk infrastructure, data quality, reporting workflows and analytical tools.
• Identify opportunities to automate recurring processes and optimise the efficiency, accuracy and scalability of portfolio risk reporting.
• Help develop analytical capabilities that provide PMs and senior stakeholders with clearer, more timely insights into portfolio risk.

Candidate Requirements

• Approximately 2-5 years of experience in equity risk, investment risk, market risk or a closely related analytical role.
• Strong understanding of Long/Short Equity strategies, portfolio construction and the key drivers of equity portfolio risk.
• Experience analysing portfolio exposures, factor sensitivities, concentration risk, performance and drawdowns.
• Ability to engage confidently with portfolio managers and communicate complex risk concepts in a clear, practical manner.
• Strong technical and analytical skills, with proficiency in Excel and experience using Python, SQL or comparable analytical tools.
• An interest in risk infrastructure, process optimisation and developing analytical tools to improve investment oversight.
• Exposure to Equity Volatility, options-related risk or Systematic Equity strategies would be advantageous, although Long/Short Equity risk experience is the primary requirement.
• A proactive, detail-oriented approach, with the ability to work across multiple investment strategies and collaborate with front-office and technical teams.