Executive Director & Senior Risk Manager, Global Macro

Morgan Stanley; New York (NY); Presencial; USD 225.000 - 300.000; Jornada completa

Descripción de la vacante

Morgan Stanley Investment Management (MSIM) is hiring a Senior Risk Manager for the AIP Hedge Fund team to support a multi-manager global macro hedge fund. The role focuses on risk management, portfolio construction, and developing quantitative tools with senior PMs and the CRO.

The ideal candidate combines strong quantitative skills with practical market experience, capable of discussing market factor, Greek and concentration risks with PMs and building empirical frameworks to test hypotheses.

Formación

• Seven+ years of relevant experience in risk management, portfolio construction, trading or investing.
• Strong understanding of capital markets and portfolio risk.
• Proficient in Python and SQL with experience handling large financial datasets.

Responsabilidades

• Work directly with PMs to identify and manage portfolio risks (VaR, market/factor, event, Greek, concentration, liquidity).
• Advise PMs on portfolio construction, sizing, hedging and diversification to improve risk-adjusted returns.
• Analyze portfolio behavior across market environments and stress scenarios; distinguish intended vs unintended risks.

Conocimientos

Quantitative analysis

Risk management

Portfolio construction

Python

SQL

Communication skills

Market intuition

Herramientas

Python

SQL

Descripción del empleo

Morgan Stanley Investment Management (MSIM) is one of the largest global asset management organizations of any full-service securities firm, with more than 50 years of history, a presence in 26 countries, and a total of $2 trillion in assets under management as of June 30, 2026.

MSIM provides broad-based specialization across a range of asset classes in public and private markets. Our independent investment teams leverage Morgan Stanley’s global resources to serve a diverse client base of governments, institutions, corporations, advisors and individuals worldwide. Our investment solutions include a broad range of alternatives, high-conviction active strategies, customization strategies, ESG expertise and tax management solutions. For further information about Morgan Stanley Investment Management, please visit www.morganstanley.com/im

The AIP Hedge Fund team, part of our Solutions & Multi-Assets capability, specializes in delivering a broad range of hedge fund portfolio solutions to a global client base. Their strategies include custom hedge fund portfolios; broadly-diversified, opportunistic and strategy-specific funds; and advisory services.

We are seeking a Senior Risk Manager to join the AIP Hedge Fund team responsible for supporting a multi-manager global macro hedge fund. The team partners directly with portfolio managers to optimize portfolio construction, manage risk, develop quantitative investment tools, and improve investment performance across the platform. This is a highly analytical and markets-oriented role at the intersection of risk management, portfolio construction, and investing.

As a senior member of the team, this individual will working closely with the Portfolio Manager, CRO, Business Development team, and individual portfolio managers across the platform, while also playing a significant role in managing and developing the fund’s central trading and risk management infrastructure. The role is well suited to someone who combines strong quantitative skills with practical markets experience and investment judgment.

The ideal candidate is someone who thinks like an investor and portfolio manager rather than a traditional risk-control professional, while bringing the analytical discipline and independence required of a senior risk professional. The successful candidate is intellectually curious, collaborative, and enjoys solving complex investment problems using data and quantitative methods. They are equally comfortable discussing a portfolio's market factor, Greek and concentration risks with a PM and building an empirical framework to test a portfolio-construction hypothesis. The strongest candidates will combine quantitative depth, markets intuition, and practical investment judgment—and will be motivated by the opportunity to influence both individual PM portfolios and investment outcomes across the broader platform.

Responsibilities

• Work directly with PMs to identify and manage portfolio risks, including VaR, market/factor, event, Greek, thematic, concentration, liquidity, crowding, correlation, event, and other sources of systematic and idiosyncratic exposure.
• Advise PMs on portfolio construction, position sizing, hedging, diversification, and risk management, with the objective of improving portfolio robustness and risk-adjusted returns.
• Analyze portfolio behavior across different market environments and stress scenarios, distinguishing intended investment exposures from unintended or inefficient risks.
• Evaluate portfolio performance and sources of alpha, including attribution across asset classes, products, Greeks, themes, and individual positions; identify persistent strengths, weaknesses, and opportunities to improve portfolio construction.
• Contribute to platform-level decisions regarding risk allocation, capital deployment, portfolio constraints, and the interaction of individual PM portfolios within the overall fund.
• Develop and enhance portfolio construction and optimization methodologies, including alpha combination, risk-model integration, exposure management, turnover and transaction-cost controls, and portfolio constraints.
• Monitor market developments and proactively communicate portfolio risks, opportunities, and positioning implications to portfolio managers and senior leadership.
• Partner with trading to improve execution and implementation efficiency.
• Design and develop Python-based analytical tools, research infrastructure, and automation that improve portfolio analytics and investment workflows.

Qualifications

• Minimum of seven years of relevant experience, ideally spanning risk management, portfolio construction, trading or investing. Prior experience in a role involving direct investment or trading decisions is strongly preferred.
• Deep understanding of capital markets and portfolio risk, ideally developed through direct experience working with or managing portfolios.
• Strong knowledge of portfolio construction and optimization, risk models, risk decomposition, position sizing, hedging, portfolio constraints, and market impact modeling.
• Strong quantitative and statistical skills, with the ability to translate into practical investment decisions.
• Proficiency in Python and SQL, with experience working with large financial datasets and developing analytical or research tools.
• Prior experience in investing, trading, portfolio management, or another role involving direct responsibility for investment decisions and outcomes is strongly preferred.
• Strong intuition for how portfolios behave in real markets—not simply how they appear within a risk model—including liquidity, positioning, crowding, catalysts, market structure, and changing correlations.
• Excellent communication skills and the ability to explain sophisticated quantitative and risk concepts clearly to portfolio managers and senior investment professionals.
• Ability to operate effectively in a fast-moving investment environment, independently identify important problems, and move comfortably between detailed quantitative research and higher-level portfolio judgment.

What You Can Expect From Morgan Stanley

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

Expected base pay rates for the role will be between $225,000 and $300,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.