Hedge Fund Risk Strategist

Northern Trust; Chicago (IL); On-site; USD 80,800 - 133,400; Full time

Benefits offered by this job

401(k) and pension

Medical, dental, and vision benefits

Paid time off

Discretionary bonus program

Job summary

Northern Trust is looking for an experienced Risk Manager in Chicago, Illinois, to oversee risk management for external hedge fund portfolios. This role will involve portfolio-level risk analysis, manager assessments, and providing insights to enhance investment strategies.

The ideal candidate should possess strong hedge fund risk management experience and relevant qualifications such as a Bachelor’s degree and potentially a CFA or FRM. You'll work in a collaborative environment, delivering actionable risk analytics to support investment decisions.

Qualifications

• 3-5 years in hedge fund risk management or related roles.
• Bachelor’s degree in a relevant field is required.
• CFA or FRM is preferred.

Responsibilities

• Monitor and aggregate risk exposures across hedge funds.
• Conduct risk-focused due diligence on hedge fund managers.
• Maintain risk models and reporting dashboards.

Skills

Hedge fund risk management

VaR and risk modeling

Quantitative analysis

Stakeholder management

Education

Bachelor’s degree in Finance, Economics, or Mathematics

CFA or FRM preferred

Tools

Excel

Power BI

SQL

Job description

Northern Trust is looking for an experienced Risk Manager in Chicago, Illinois, to oversee risk management for external hedge fund portfolios. This role will involve portfolio-level risk analysis, manager assessments, and providing insights to enhance investment strategies.

The ideal candidate should possess strong hedge fund risk management experience and relevant qualifications such as a Bachelor’s degree and potentially a CFA or FRM. You'll work in a collaborative environment, delivering actionable risk analytics to support investment decisions.