Risk Lead

The TCW Group, Inc.; Los Angeles (CA); On-site; USD 200,000 - 250,000; Full time

Benefits offered by this job

Comprehensive benefits package

Eligible for annual discretionary bonus

Job summary

The TCW Group, Inc. is seeking a Risk Lead in Los Angeles, CA to direct portfolio risk management. The role requires a proven leader with over 10 years of experience managing risk across asset classes. Responsibilities include overseeing risk identification and management, developing risk metrics, and collaborating with investment leaders.

The ideal candidate has an advanced degree and strong knowledge of risk analytics, including VaR and stress testing. TCW offers a comprehensive benefits package, with a salary range of $200k to $250k.

Qualifications

• 10+ years of professional experience in portfolio risk management.
• Proven track record of managing risk across multiple asset classes.
• Strong knowledge of portfolio risk analytics, including VaR and stress testing.

Responsibilities

• Direct TCW's Portfolio Risk Management function.
• Lead portfolio risk management function ensuring adherence to governance framework.
• Define and maintain portfolio risk metrics and methodologies.

Skills

Portfolio risk management

Risk analytics

Leadership

Communication

SQL

VBA

Python

Education

Advanced degree in Finance, Economics, Mathematics, or related field

Job description

Position Summary

The Risk Lead will direct the TCW's Portfolio Risk Management function within the Investment Risk & Quantitative Research (IRQR) department. Reporting to the Global Head of Investment Risk, this individual will oversee the identification, measurement, and management of portfolio-level risks across all strategies, ensuring robust governance and alignment with TCW’s fiduciary obligations. The role encompasses market, liquidity, credit, and concentration risks, with full accountability for defining portfolio risk metrics and models.

Location: Los Angeles, CA

Essential Duties

Leadership & Oversight:

• Lead TCW’s portfolio risk management function, ensuring adherence to the firm’s risk appetite and governance framework.
• Chair or actively participate in risk review meetings with portfolio managers and senior leadership.

Portfolio Risk Framework:

• Define and maintain portfolio risk metrics, methodologies, and models, including stress testing and scenario analysis.
• Ensure systematic monitoring of liquidity, concentration, credit, and factor exposures across portfolios.

Analytics & Methodology:

• Drive innovation in portfolio-level risk analytics and reporting, leveraging advanced quantitative techniques.
• Collaborate with Model Control and Analytics on integration of security-level insights into portfolio risk views.

Governance & Compliance:

• Uphold TCW’s Three Lines of Defense model and escalate risk breaches through established protocols.
• Ensure compliance with regulatory requirements and client mandates.

Team Management:

• Manage and mentor a team of risk professionals, fostering a culture of excellence, collaboration, and continuous improvement.

Strategic Initiatives:

• Partner with senior investment leaders to integrate risk insights into portfolio construction and investment decision-making.
• Contribute to firm-wide risk policy evolution and best-practice adoption.

Required Qualifications

Experience:

• 10+ years of professional experience in portfolio risk management, preferably within an asset management environment.
• Proven track record of managing risk across multiple asset classes (fixed income, equities, derivatives).

Technical Expertise:

• Strong knowledge of portfolio risk analytics, including VaR, stress testing, and factor risk decomposition.
• Familiarity with regulatory frameworks and industry best practices.

Leadership Skills:

• Demonstrated ability to lead and develop high-performing teams.
• Excellent communication skills to articulate complex risk concepts to senior stakeholders.

Education:

• Advanced degree in Finance, Economics, Mathematics, or related field preferred.

Professional Skills Qualifications

• Strategic thinker with strong judgment and flexibility.
• High integrity, ownership, and initiative.
• Ability to influence and build relationships across all organizational levels.
• Commitment to continuous improvement and innovation in risk management.

Desired Qualifications

• Knowledge of SQL, VBA, and/or Python strongly preferred

Estimated Compensation:

Base Salary: For CA based position, the base salary range is $200k to $250k. This is an anticipated range only.

Other Compensation: Eligible to be considered for an annual discretionary bonus

Benefits: Eligible for TCW’s comprehensive benefits package.

#LI-SW1