Risk Engineer

Hudson River Trading; New York (NY); On-site; USD 200,000 - 300,000; Full time

Benefits offered by this job

Competitive benefits package

Discretionary performance-basedBonuses

Job summary

Hudson River Trading seeks a Risk Engineer to join our Risk team in New York City. You will build and enhance risk models, ingest large data sets, and collaborate with traders and developers to productionize risk tools.

You should have a BS in math/physics/CS/statistics, 2–5 years in quantitative analysis, strong Python and Linux skills, and clear communication across teams. Competitive base salary and comprehensive benefits await.

Qualifications

• BS in Mathematics, Physics, CS, or Statistics (advanced degree a plus).
• Excellent knowledge of linear algebra, applied probability, and statistics.
• Excellent knowledge of Python and Linux.
• Cross-functional communication across all levels of the organization.

Responsibilities

• Build and enhance in-house factor risk models for various asset classes, with a focus on equities
• Research and build new models to address trading and risk management challenges
• Work with risk managers to enhance tail risk estimation for historical and hypothetical scenarios
• Ingest, evaluate, and transform large data sets relevant to risk and performance analysis
• Design and implement state-of-the-art performance analytics and risk decomposition applications
• Work with developers to productionize risk models and risk management tools
• Enhance and maintain the risk production codebase
• Communicate with investment teams

Skills

Python

Linux

Mathematics

Statistics

Cross-functional communication

Education

Bachelor's degree in Mathematics, Physics, CS, or Statistics

Job description

Hudson River Trading (HRT) is seeking a Risk Engineer to join our Risk team in New York City. In this role, you will focus on building out our risk function and managing all aspects of risk faced by HRT. You will gain exposure to the exciting, fast-paced world of electronic trading while collaborating with exceptionally talented people across all aspects of the business.

This will be a challenging role with a wide mandate spanning the full remit of HRT's global trading. The ideal candidate is highly motivated to learn new concepts quickly, possesses a solid understanding of the importance of risk management within a trading environment, and is equally comfortable working alone or collaborating as part of a wider team.

Responsibilities

• Build and enhance in-house factor risk models for various asset classes, with a particular focus on equities
• Research and build new models to address trading and risk management challenges
• Work with risk managers to enhance tail risk estimation for historical and hypothetical scenarios
• Ingest, evaluate, and transform large data sets relevant to risk and performance analysis
• Design and implement state-of-the-art performance analytics and risk decomposition applications
• Work with developers to productionize risk models and risk management tools
• Enhance and maintain the risk production codebase
• Communicate with investment teams

Qualifications

• B.S. in Mathematics, Physics, CS, or Statistics; advanced degree a plus
• 2 - 5 years of experience as a quantitative analyst at a hedge fund, institutional asset manager, or investment bank
• Excellent knowledge of linear algebra, applied probability, and statistics
• Excellent knowledge of Python and Linux
• Cross-functional communication skills, including the ability to effectively communicate across all levels of an organization

The estimated base salary range for this position is 200,000 to 300,000 USD per year (or local equivalent). The base pay offered may vary depending on multiple individualized factors, including location, job-related knowledge, skills, and experience. This role will also be eligible for discretionary performance-based bonuses and a competitive benefits package.

Culture

Hudson River Trading (HRT) brings a scientific approach to trading financial products. We have built one of the world's most sophisticated computing environments for research and development. Our researchers are at the forefront of innovation in the world of algorithmic trading.
At HRT we welcome a variety of expertise: mathematics and computer science, physics and engineering, media and tech. We’re a community of self-starters who are motivated by the excitement of being at the cutting edge of automation in every part of our organization—from trading, to business operations, to recruiting and beyond. We value openness and transparency, and celebrate great ideas from HRT veterans and new hires alike. At HRT we’re friends and colleagues – whether we are sharing a meal, playing the latest board game, or writing elegant code. We embrace a culture of togetherness that extends far beyond the walls of our office.
Feel like you belong at HRT? Our goal is to find the best people and bring them together to do great work in a place where everyone is valued. HRT is proud of our diverse staff; we have offices all over the globe and benefit from our varied and unique perspectives. HRT is an equal opportunity employer; so whoever you are we’d love to get to know you.

Please be advised: Use of AI tools by an applicant during interviews or assessments is strictly prohibited, unless otherwise instructed or agreed upon. We employ various methods to evaluate the authenticity of candidate responses. If we determine that AI assistance was used by an applicant during an interview or an assessment, we reserve the right to immediately end the interview or assessment, disqualify the applicant’s candidacy and/or rescind any job offers extended.

Voluntary Self-Identification

HRT is committed to providing equal employment opportunities for all groups. We care deeply about cultivating diversity and inclusion within our organization. For this reason, we invite you to voluntarily self-identify by answering the questions below. We do not discriminate based on any of these factors and any information collected will be kept completely confidential during your recruitment process. This information is used solely to support our commitment to equal employment opportunity and to comply with applicable laws that require this information to be summarized and reported to State and Federal Governments for civil rights enforcement purposes.