Risk Manager - Structured Products Focused New York

Soros Fund Management LLC; Northern, New York (KY, NY); Hybrid; USD 200,000 - 250,000; Full time

Job summary

Soros Fund Management LLC is seeking a Risk Manager focused on structured products to contribute to risk oversight and analytics. The role emphasizes independent front-office aligned risk review and collaboration with investment teams.

You will design risk frameworks, build pricing and risk models for complex transactions, and leverage data tools to provide actionable insights across portfolios. Strong quantitative skills and team collaboration are essential.

Qualifications

• 7-10 years of experience in market risk, portfolio management, structuring, trading or research.
• Direct hands-on experience in Securitized Products (Agency / Non-Agency, CMBS, CLO) including models, markets and strategies.
• Degree in an analytical subject with knowledge of statistics, pricing models and risk methodology.
• Strong communicator able to present quantitative concepts clearly to investment teams and senior management.
• Curiosity with a drive to ask questions and deepen understanding; thrives in a team setting.
• Proficiency in Python and SQL for analytics.
• Familiarity with Intex, YieldBook, Bloomberg.

Responsibilities

• Provide independent, front-office aligned risk oversight across portfolios.
• Identify, analyze, and communicate key risk themes and changes in portfolio risk.
• Establish and monitor risk limits and guidelines with PMs and risk leadership.
• Design, develop, and refine risk methodologies.
• Build and maintain pricing and risk models for complex transactions.
• Support valuation through independent analysis and challenge.
• Collaborate with investment teams on structuring and risk assessment of new transactions.
• Provide data-driven insights on risk factors, return drivers, correlations, and tail risks.
• Advance quantitative framework for portfolio construction and asset allocation.
• Work with Technology and Quant teams to productionize models and reporting processes.

Skills

Quantitative analysis

Python

SQL

Communication

Teamwork

Education

Analytical degree

Tools

Intex

YieldBook

Bloomberg

Job description

Risk Manager - Structured Products Focused

New York

Company Description

Soros Fund Management LLC (SFM) is a global asset manager and family office founded by George Soros in 1970. With ~$28 billion in assets under management (AUM), SFM serves as the principal asset manager for the Open Society Foundations, one of the world’s largest charitable foundations dedicated to advancing justice, human rights, and democracy.

Distinct from other investment platforms, SFM thrives on agility, acting decisively when conviction is high and exercising patience when it’s not. With permanent capital, a select group of major clients, and an unconstrained mandate, we invest opportunistically with a long-term view in a wide range of strategies and asset classes, including public and private equity and credit, fixed income, foreign exchange, and alternative assets. Our teams operate with autonomy, while cross-team collaboration strengthens our conviction and empowers us to capitalize on market dislocations.

At SFM, we foster an ownership mindset, encouraging professionals to challenge the status quo, innovate, and take initiative. We prioritize development, enabling team members to push beyond their roles, voice bold ideas, and contribute to our long‑term success. This culture of continuous growth and constructive debate fuels innovation and drives efficiencies.

Our impact is measured by both the returns we generate and the values we uphold, from environmental stewardship to social responsibility. Operating as a unified team across geographies and mandates, we remain committed to our mission, ensuring a meaningful, lasting impact.

Headquartered in New York City with offices in Greenwich, Garden City, London, and Dublin, SFM employs 200 professionals.

Team Overview

The Risk team at Soros Fund Management is an independent, analytically driven function that plays a central and impactful role in the firm’s investment process. The team partners closely with the investment team while maintaining an objective mandate to ensure that risk‑taking is intentional and well understood.

The group is responsible for shaping and monitoring portfolio construction across the firm, designing and enforcing risk limits, and delivering clear, decision‑oriented reporting on exposures, performance drivers, and evolving risk profiles. Through rigorous scenario analysis and stress testing, the team evaluates portfolio behaviour under a wide range of market environments, helping to identify vulnerabilities and inform investment decisions before risks are realized.

A core element of the team’s mandate is to provide thoughtful, constructive challenge to Portfolio Managers. Risk Managers are expected to engage deeply with investment teams, ask probing questions, and apply robust quantitative analysis to test assumptions, structures, and concentrations. In parallel, the team develops and enhances analytics and risk frameworks, leveraging technology and data to continuously improve transparency, consistency, and insight across portfolios.

The Risk team’s culture emphasizes independence of judgment, analytical rigor, and practical impact, ensuring that risk management at SFM is not merely a control function, but a value‑add partner in delivering strong, sustainable, risk‑adjusted investment performance.

Major Responsibilities

• Provide independent, front‑office aligned risk oversight across assigned portfolios, ensuring a holistic view of exposures at the trade, portfolio and fund levels.
• Identify, analyze, and clearly communicate key risk themes, drivers of P&L, and changes in portfolio risk profiles.
• Establish and monitor risk limits and guidelines, and partner with Portfolio Managers and Risk leadership to assess, escape, and determine appropriate actions when exceptions arise.
• Design, develop, and continuously refine risk methodologies
• Build and maintain pricing and risk models for complex transactions and support the valuation process through independent analysis and challenge where appropriate.
• Engage proactively with investment teams on the structuring, sizing, and risk assessment of new transactions and strategies.
• Provide actionable, data‑driven analytical insights to Portfolio Managers on key risk factors, return drivers, correlations, and tail risks.
• Advance the quantitative framework used to support portfolio construction, diversification, and asset allocation decisions across strategies.
• Collaborate closely with Technology and Quantitative Data Strategy teams to productionize models, analytics, and reporting processes with an aim to improving scalability, robustness, and data quality.

What We Value

• 7-10 years of relevant experience in market risk, portfolio management, structuring, trading, or research.
• Direct hands‑on experience in Securitized Products (Agency / Non‑Agency, CMBS, CLO etc.) including comprehensive knowledge of models, markets and trading strategies.
• Degree in an analytical subject, understanding of statistics, pricing models and risk methodology.
• Effective communicator with ability to build rapport across investment professionals and senior management and communicate quantitative concepts clearly and concisely.
• High level of intellectual curiosity, with a strong drive to ask probing questions, explore new ideas, and continuously deepen understanding.
• Thrives in a team‑oriented environment
• Solid grounding in quantitative finance and statistics with experience in analytical programming tools (ideally Python and SQL).
• Knowledge of relevant systems (E.g., Intex, YieldBook, Bloomberg).

We anticipate the base salary of this role to be between $200,000-250,000. In addition to a base salary, the successful candidate will also be eligible to receive a discretionary year‑end bonus.

In all respects, candidates need to reflect the following SFM core values:

Smart risk‑taking // Owner’s Mindset // Teamwork // Humility // Integrity