Market Risk Officer Associate

Wilshire; New York (NY); Hybrid; USD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a Risk Officer Associate to join their dynamic team in New York. This role offers a unique opportunity to engage in alternative investment strategies, focusing on risk assessment and management. Ideal candidates will possess a strong quantitative background and a deep understanding of financial markets, particularly hedge funds. Responsibilities include analyzing market risks, developing risk management models, and ensuring compliance with regulations. With a hybrid work model and comprehensive benefits, this position is perfect for motivated individuals eager to make a significant impact in the financial sector.

Benefits

PTO

401(k) Match

Health Insurance

CFA Reimbursement

Qualifications

• 1-3 years of experience in market risk management, preferably in hedge funds.
• Strong knowledge of financial instruments, especially derivatives.

Responsibilities

• Identify and mitigate market risks associated with hedge fund investments.
• Develop risk management strategies and conduct stress testing.

Skills

Financial Markets Understanding

Hedge Fund Strategies Knowledge

Analytical Skills

Pricing Modeling

Data Analysis

Problem-Solving Skills

Programming in Python

Excel (VBA)

SQL

Communication Skills

Education

Master’s Degree in Finance

Master’s Degree in Economics

Master’s Degree in Mathematics

Job description

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Company Description
As part of the Wilshire family, you can rest assured that every day you are contributing to an organization that is helping investors improve their financial outcomes. For more than 50 years, Wilshire has been dedicated to providing customized portfolio solutions grounded in research and powered by next-generation technologies.

Wilshire advises on over $1 trillion in assets for some of the world’s largest and most sophisticated institutional investors. Headquartered in the United States with offices worldwide.

Job Description
Wilshire seeks a Risk Officer Associate to help monitor and manage alternative investment strategies and associated risk information. The role involves analyzing data, generating and reviewing reports, and conducting quantitative strategy research and due diligence. This position requires some knowledge of investment, financial, economic, and industry topics. We are looking for self-motivated candidates with strong quantitative academic backgrounds and professional drive.

What you’ll do:

1. Identify, analyze, and mitigate market risks associated with hedge fund investments
2. Develop and implement risk management strategies and models
3. Conduct stress testing and scenario analysis to evaluate potential impacts on the portfolio
4. Develop and maintain processes to monitor risk data and generate risk management reports
5. Ensure compliance with regulatory requirements and internal risk policies
6. Support quantitative research in asset allocation and stock selection
7. Support all areas of risk management
8. Collaborate with internal teams and external vendors

Qualifications

What you have:

• Deep understanding of financial markets and hedge fund strategies
• Strong knowledge of financial instruments, especially derivatives (Futures/Forwards, Swaps, Options, etc.) and their sensitivities
• Strong analytical skills and proficiency in pricing modeling and data analysis
• Ability to interpret complex data and provide strategic recommendations
• Strong problem-solving skills and attention to detail
• Programming skills in Python, Excel (VBA), and SQL
• Excellent communication and teamwork skills
• Master’s degree in finance, Economics, Mathematics, or related field
• 1-3 years of experience in market risk management, preferably within a hedge fund environment
• Ability to work beyond regular hours to monitor market conditions and respond to urgent situations
• Availability for occasional weekend work during critical periods

Additional Information

• This position offers a hybrid work model from our New York office
• Comprehensive benefits include PTO, 401(k) match, health insurance, CFA reimbursement, and more.