Risk Manager

Atlas Search; New York (NY); On-site; USD 110,000 - 170,000; Full time

Job summary

Atlas Search is seeking an experienced and independent Risk Manager to lead market and investment risk across our event-driven, special situations platform. This is a standalone role—you will be solely responsible for all aspects of risk management across multiple portfolio teams.

You will calibrate risk guidelines, perform trade-level and portfolio risk analyses in real time, develop scenario analyses, and present risk assessments to PMs and senior management to guide portfolio construction.

Qualifications

• Experience leading risk across multiple portfolios.
• Ability to translate risk data into actionable guidance for PMs and senior management.
• Strong analytical and communication skills.

Responsibilities

• Calibrate and enforce risk guidelines across portfolio teams.
• Perform real-time trade-level and portfolio risk analyses.
• Construct event risk scenarios tailored to strategy and market conditions.
• Communicate risk assessments to PMs and senior management.
• Support portfolio construction with risk budgeting and allocations.
• Provide executive risk reporting and insights.

Skills

Risk management

Portfolio risk

P&L analysis

Scenario analysis

Risk budgeting

Communication

Python

SQL

Tools

Python

SQL

Job description

Position Overview

We are seeking an experienced and independent Risk Manager to lead market and investment risk across our event-driven, special situations platform. This is a standalone role—you will be solely responsible for all aspects of risk management across multiple portfolio teams.

Key Responsibilities

• Firmwide Risk Oversight: Calibrate, manage, and enforce risk guidelines across multiple portfolio teams, aligning risk frameworks with our event-driven strategy.
• Trade-Level Analysis: Perform detailed risk analysis for both new and existing positions; assess risk at the trade, position, and portfolio level in real time.
• Scenario Analysis: Construct and maintain robust event risk scenarios tailored to our strategy and current market environment.
• Risk Dialogue with PMs: Engage in regular discussions with portfolio managers to analyze portfolio risk, address discrepancies in measured risk, and proactively manage exposure that falls outside of policy.
• Performance Attribution: Perform detailed P&L explanation and decomposition, both on an intraday and historical basis, to support performance reviews and strategic decisions.
• Portfolio Construction Support: Provide input on portfolio guidelines, risk budgeting, and allocations to support sound portfolio construction decisions.
• Communication & Reporting: Clearly communicate risk assessments, exposures, and recommendations through presentations and face-to-face meetings with PMs and senior management.
• Executive Reporting: Present aggregate risk and exposure across the firm in a coherent and actionable format to senior leadership.
• Ongoing Monitoring: Maintain a detailed view of the evolving risk environment, including market developments and firm-specific vulnerabilities.
• Innovation & Research: Conduct research on improving risk policy, allocation methodologies, and analytics tailored to the firm’s investment approach.
• Tooling & Infrastructure: Create and maintain reports, dashboards, and analytical tools used by risk and portfolio teams (familiarity with Python, SQL, or similar is a plus).