Investment Risk Analyst

Victory Capital Management; Boston (MA); On-site; USD 75,000 - 90,000; Full time

Benefits offered by this job

Medical benefits

Dental benefits

Vision benefits

Flexible PTO

Family leave

Tuition reimbursement

401(k) match

Job summary

Victory Capital Management is seeking an Investment Risk Analyst to join the front office that partners directly with Portfolio Managers to understand and manage risk. You will maintain and enhance sophisticated risk models, synthesize outputs into clear investment insights, and support committees with timely analyses.

The role requires curiosity, strong quantitative skills, and collaboration across Risk, PMs, and Marketing teams. Excellent benefits accompany this position.

Qualifications

• Bachelor's degree in quantitative discipline required.
• 3–5 years in investment risk analytics or quantitative research.
• Strong knowledge of equities, fixed income, derivatives and portfolio construction.
• Experience with risk metrics: tracking error, VaR, beta, factors, drawdown, Sharpe.
• Hands-on with Bloomberg PORT, FactSet, or MSCI RiskMetrics.

Responsibilities

• Maintain, validate, and enhance front office risk models used by Portfolio Managers.
• Prepare and distribute risk reports covering VaR, tracking error, stress testing, liquidity, factor exposures.
• Provide risk attribution analysis and portfolio diagnostics on demand.
• Translate quantitative outputs into actionable narratives for investment teams.
• Collaborate with Portfolio Managers on ad hoc research and portfolio construction questions.

Skills

Communication skills

Analytical thinking

Excel & VBA

Python

SQL

Automation mindset

Education

Bachelor's degree in quantitative discipline

Tools

Bloomberg PORT

FactSet

MSCI RiskMetrics

Job description

Pioneer Investments is a distinguished investment franchise within Victory Capital Management, with a long history of delivering disciplined, research-driven investment strategies. Our front office Investment Risk team plays a critical role in the investment process — partnering directly with Portfolio Managers to ensure risk is understood, measured, and managed with precision.

About Victory Capital:

Victory Capital is a diversified global asset management firm and employs a next-generation business strategy that combines boutique investment qualities with the benefits of a fully integrated, centralized operating and distribution platform.

Victory Capital provides specialized investment strategies to institutions, intermediaries, retirement platforms and individual investors. With 12 autonomous Investment Franchises and a Solutions Business, Victory Capital offers a wide array of investment products and services, including mutual funds, ETFs, separately managed accounts, alternative investments, third-party ETF model strategies, collective investment trusts, private funds, a 529 Education Savings Plan and brokerage services.

Victory Capital is headquartered in San Antonio, Texas, with offices and investment professionals in the U.S. and around the world. To learn more please visit www.vcm.com or follow Victory Capital on Facebook, Twitter, and LinkedIn.

General Summary and Purpose:

We are looking for an Investment Risk Analyst who brings both analytical rigor and intellectual curiosity to the table. This is not a back-office compliance role — it is a seat at the front office table, where your work directly shapes how our portfolio managers understand and navigate risk.

You will maintain and enhance sophisticated risk models, synthesize complex quantitative outputs into clear investment insights, and serve as a trusted analytical partner across Portfolio Management, Institutional Marketing, RFP, and senior investment committees. If you are someone who gets energized by hard problems, thrives in a fast-paced investment environment, and wants your work to matter, this role was built for you.

You Will:

• Maintain, validate, and continuously enhance front office investment risk models used by Portfolio Managers across strategies
• Maintain, validate, and continuously enhance front office investment risk models used by Portfolio Managers across strategies
• Prepare and distribute comprehensive investment risk reports covering market risk metrics (VaR, tracking error, stress testing), liquidity analysis, factor exposures, and other key risk indicators
• Deliver risk attribution analysis and portfolio diagnostics on demand, supporting both pre- and post-trade investment decisions
• Translate complex quantitative outputs into clear, actionable narratives for investment teams and senior stakeholders

Cross-Functional Partnership

• Collaborate directly with Portfolio Managers on ad hoc quantitative research, special projects, and portfolio construction questions
• Serve as a key analytical resource for RFP, Institutional Marketing, and Performance teams on investment risk inquiries
• Support the global investment risk team across multiple regions, providing consistent and timely analysis for retail and institutional clients
• Partner with investment management to build risk literacy — helping portfolio teams understand risk results, interpret model outputs, and apply insights to their decision-making
• Present findings clearly and confidently to senior audiences including the Investment Committee and Risk Committee

You Have:

Education & Experience

• Bachelor's degree in quantitative discipline: Finance, Mathematics, Statistics, Data Science, Computer Science, or Engineering
• 3–5 years of professional experience in investment management, risk analytics, or quantitative research
• Solid understanding of investment fundamentals across equities, fixed income, derivatives, and portfolio construction
• Working knowledge of risk metrics including tracking error, VaR, beta, factor exposures, drawdown, and Sharpe ratio
• Hands‑on experience with industry risk platforms such as Bloomberg PORT, FactSet, or MSCI RiskMetrics

Skills & Attributes

• Strong written and verbal communication skills — ability to translate quantitative outputs for non-technical stakeholders
• A builder's mindset: intellectually curious, with a natural drive to automate, improve, and innovate
• Proficient in Microsoft Excel and VBA; comfortable managing both structured projects and fast-turnaround ad hoc requests
• Self‑directed and organized, with the ability to prioritize competing demands in a dynamic environment

Ideal candidate will also have

• Experience with Python or SQL for data analysis and automation
• Familiarity with Performance Attribution methodologies
• Progress toward a CFA or Master’s degree a plus

Victory Capital Management offers excellent Medical, Dental, Vision plans, Flexible PTO, Family Medical and Disability Leaves, Education Tuition Reimbursement and a 401k plan with a generous employer match.

Target Compensation:

The target base salary range for this position is $75,000 to $90,000

Salaries are determined based on internal equity, internal salary ranges, market data/ranges, applicant’s skills and prior relevant experience, certain degrees, and certifications.

Victory Capital Management operates a pay-for-performance compensation philosophy and total compensation may vary based on role, location, department and individual performance.

Victory Capital Management’s total compensation package includes the opportunity for annual compensation bonuses and/or commissions and a generous benefits package.

We are committed to equal employment opportunity without regard to actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth, pregnancy‑related conditions, and lactation), gender identity or expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, genetic information, height, weight, hair texture or a hairstyle historically associated with race to include braids, locks, or twists; or any other characteristic protected by applicable federal, state, or local laws and ordinances.

Qualifications

Skills

Behaviors

Motivations

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Education

Experience

Licenses & Certifications

Equal Opportunity Employer
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