Equity Risk Analyst, Long/Short & SMA Oversight

Paragon Alpha - Hedge Fund Talent Business; New York (NY); On-site; USD 110,000 - 180,000; Full time

Job summary

Paragon Alpha - Hedge Fund Talent Business is seeking an Equity Risk Analyst to support its Long/Short Equity platform with focus on externally managed SMAs. You will collaborate with portfolio managers, external investment managers and internal risk teams to assess exposures and monitor risk within established parameters.

The role offers exposure to diverse equity strategies and the opportunity to contribute to the firm’s portfolio risk management framework by developing analytics, reports and

Qualifications

• 2–5 years of equity risk/portfolio risk experience.
• Strong understanding of Long/Short Equity, risk factors, liquidity.
• Experience with external manager oversight or multi-manager platforms.
• Proficiency with Excel and data analysis tools.
• Ability to translate data into actionable insights.

Responsibilities

• Monitor and analyse risk across external Long/Short SMA managers.
• Evaluate portfolio exposures, including gross/net, factor sensitivities, and sector concentration.
• Conduct attribution and risk-return analysis to explain positioning and returns.
• Identify emerging risks and drawdown scenarios across managers.
• Produce risk reports and analytics for investment oversight.
• Engage with external managers about exposures and market risks.
• Support stress testing and scenario analyses on portfolios.
• Collaborate to enhance monitoring capabilities and reporting tools.
• Contribute to risk framework development for external manager platform.

Skills

Equity risk analysis

Portfolio risk management

Analytical skills

Stress testing

Communication skills

Tools

Excel

Portfolio analytics software

Risk management systems

Job description

Paragon Alpha - Hedge Fund Talent Business is seeking an Equity Risk Analyst to support its Long/Short Equity platform with focus on externally managed SMAs. You will collaborate with portfolio managers, external investment managers and internal risk teams to assess exposures and monitor risk within established parameters.

The role offers exposure to diverse equity strategies and the opportunity to contribute to the firm’s portfolio risk management framework by developing analytics, reports and