Senior Risk Manager - Credit Strategies

Paragon Alpha - Hedge Fund Talent Business; New York (NY); On-site; USD 120,000 - 160,000; Full time

Job summary

A leading investment platform in New York is seeking an experienced Arbitrage Risk Manager to enhance its risk function. This role involves conducting detailed risk analysis of portfolio exposures and collaborating with portfolio managers to refine investment strategies. The ideal candidate will have 7-12 years of experience in risk management at a Hedge Fund, strong communication skills, and proficiency in Python. The position offers an opportunity to make impactful contributions to risk frameworks and oversight.

Qualifications

• 7-12 years of experience in risk management or portfolio management in a Hedge Fund environment.
• Deep understanding of Convertible Arbitrage and Event Driven Equities.
• Strong communication skills for interaction with stakeholders.

Responsibilities

• Conduct in-depth risk analysis of portfolio exposures across Credit and Equities.
• Work with portfolio managers to refine portfolio construction.
• Develop understanding of thematic and fundamental investment strategies.
• Enhance risk frameworks and reporting tools.
• Contribute to daily and weekly risk discussions.

Skills

Risk management expertise

Communication skills

Programming (Python)

Understanding of Convertible Arbitrage

Understanding of Event Driven Equities

Tools

Python

C++

Java

Job description

A leading multi-strategy investment platform is looking to hire an Arbitrage Risk Manager to join its growing risk function in New York. This role offers the opportunity to work closely with investment teams across a broad range of strategies, providing critical oversight and insight into portfolio construction, risk exposures, and performance drivers.

The successful candidate will partner directly with portfolio managers and senior leadership, playing a key role in shaping risk frameworks and enhancing transparency across the platform.

Responsibilities:

• Risk Oversight: Conduct in-depth risk analysis of portfolio exposures across Credit and Equities, identifying key risk drivers and concentrations.
• Investment Partnership: Work closely with portfolio managers, researchers, and central risk teams to challenge assumptions, refine portfolio construction, and ensure risk frameworks are embedded into the investment process.
• Risk Identification: Develop a strong understanding of thematic, fundamental, and event-driven investment strategies across the platform
• Risk Methodology: Enhance and refine risk frameworks, analytics, and reporting tools to improve portfolio oversight and decision-making
• Risk Engagement: Contribute to daily and weekly risk discussions, highlighting emerging risks and performance drivers

Requirements:

• 7-12 years of experience working in a risk management or portfolio management role at a Hedge Fund.
• Deep product understanding of Convertible Arbitrage and Event Driven Equities.
• Strong communication skills, with the ability to interact effectively across front office and senior stakeholders.
• Proficiency in programming languages (Python preferred, C++/Java also considered)