Junior Risk Manager

Financeroles; New York (NY); On-site; USD 113,000 - 138,000; Full time

Job summary

Squarepoint Capital is hiring a Junior Risk Manager to help develop a structured risk management culture across the discretionary trading business. You will work with researchers and traders to ensure risk is properly managed and aligned with Investment Committee guidance.

The role involves integrating risk controls, analyzing portfolio risk, and supporting portfolio construction. A quantitative background and strong communication skills are required; there is potential for discretionary bonuses

Qualifications

• Bachelor’s degree in a quantitative/related field; advanced degree preferred.
• From graduate level up to 3 years of commercial experience.
• Demonstrated interest in Risk Management and quantitative approaches.
• Ability to collaborate with trading, analysts and quants teams.
• Strong communication and sense of urgency in a fast-paced environment.

Responsibilities

• Identify and evaluate risk associated with discretionary trading strategies.
• Collaborate with Quantitative Researcher and Traders on strategy analysis.
• Ensure strategies run within risk allocation defined by the Investment Committee.
• Analyze risk at the portfolio level and identify performance drivers.
• Assist with trade portfolio construction across the discretionary business.
• Help build Squarepoint risk framework by improving processes and infrastructure.

Skills

Quantitative risk management

Statistical analysis

Team collaboration

Communication skills

Fast-paced environment

Education

Quantitative degree (Bachelor's)

Advanced degree preferred

Job description

We are looking for a Junior Risk Manager to join our expanding discretionary team. This is a unique opportunity to help further develop Squarepoint’s discretionary trading business worldwide. As a member of our team, you will be responsible for implementing a structured risk management culture, ensuring a sound and stable operation of the business via the implementation of processes and controls to ensure that risks (market risks, operational risk, conduct risk, etc.) are properly managed and contributing to the overall growth of the fund. You will liaise and collaborate closely with our researchers and traders while leveraging our world class research platform. If you are looking to begin your career in Risk Management, we encourage you to apply.

Position Overview

• Identify and evaluate risk associated with discretionary trading strategies
• Collaborate with Quantitative Researcher and Traders on the strategies analysis
• Ensure the strategies are run within the risk allocation defined by the Investment Committee
• Analyze risk at the portfolio level and performance drivers
• Help with trade portfolio construction across the discretionary business
• Drive the build out of Squarepoint risk framework by improving the firm's processes and infrastructure for management of the discretionary business

Required Qualifications

• Bachelor’s degree in a quantitative or related field (includes degrees in Mathematics, Statistics, Econometrics, Financial Engineering, Operations Research, Computer Science and Physics); advanced degree preferred
• From graduate level up to 3 years of commercial experience
• Demonstrated interest in Risk Management
• Demonstrated interest in a quantitative approach
• Capacity to collaborate with the trading, analysts and quants team
• Strong communication skills with the ability to collaborate with teammates globally
• Strong sense of urgency with the ability to work well in a fast-paced environment

The minimum base salary for this role is $125,000 if located in New York. This expectation is based on available information at the time of posting. This role may be eligible for discretionary bonuses, which could constitute a significant portion of total compensation. This role may also be eligible for benefits, such as health, dental, and other wellness plans, as well as 401(k) contributions. Successful candidates’ compensation and benefits will be determined in consideration of various factors.