Risk Manager - VP

JW Michaels & Co.; New York (NY); On-site; USD 175,000 - 200,000; Full time

Job summary

JW Michaels & Co. in New York, NY is seeking an experienced Risk Manager to join their established team of five. This role is critical for enhancing portfolio risk outcomes and requires strong quantitative and analytical skills, alongside proficiency in communication. The ideal candidate will have 5-7 years of Buy-Side Risk Management experience and a solid academic background from a top-tier university.

The position offers a competitive base salary of $175k - $200k, plus a discretionary bonus. Responsibilities include producing risk reports, performing portfolio analysis, and interfacing with various departments to improve risk data and processes.

Qualifications

• 5 - 7 years of Buy-Side Risk Management experience.
• Strong academic record from a top tier university.
• Understanding of Cash & Synthetic Credit products, including the Greeks.
• Ability to present trading ideas to various stakeholders.
• Critical thinker able to propose solutions to enhance investment processes.

Responsibilities

• Produce and distribute Risk and Regulatory reports.
• Perform ad-hoc portfolio analysis and scenario simulations.
• Interface with the Investment Team and other departments.
• Leverage AI tools to automate risk workflows.
• Introduce and integrate Best Practices for the Risk function.

Skills

Risk Management

Quantitative Analysis

Strong Communication Skills

Excel

SQL

Python

Education

BA/BS from a top tier university

Tools

LLM APIs or AI workflow tools

Job description

Expected Compensation: Base of $175k - $200k + discretionary bonus

Our client is a top Fixed Income RV fund is looking to hire a new a strong Risk Manager to join a collaborative established team of 5. This hire will play a critical role working with the Investment Team & Portfolio Managers leveraging their strong quantitative, analytical and communication skill sets to positively impact returns & outcomes. This hire will have a strong familiarity & experience working with Fixed Income & Credit Products including CDS/CDX, Options--working w the team to quantify & improve risk outcomes and back-testing various quantitative and discretionarly trading strategies & risk outcomes.

Specifics:

• Reports directly into the Chief Risk Officer
• Produce & distribute Risk and Regulatory reports including portfolio & strategy-level exposures (ie, DV01, CS01, spread duration, notional exposures, carry, gross/net leverage,& greeks)
• Perform ad-hoc portfolio analysis and scenario simulations.
• Interface with Investment Team, Investor Relations & Compliance as needed to enhance the risk data infrastructure, processes, and reporting stack
• Leverage AI & LLM tools to help automate risk workflows, enhance surveillance, & improve reporting
• Introduce & help integrate Best Practices that can add value & improve the Risk function & Team

Requirements:

• 5 - 7 yrs of Buy-Side Risk Management experience
• BA/BS+ with a strong academic record from a top tier university.
• Understanding risk with both Cash & Synthetic Credit products, with a working knowledge of the Greeks, Duration and Convexity.
• Strong communication skills --written & verbal. This hire will present trading ideas & information to PMs, Analysts & Traders to enable optimal investments.
• Critial thinker who is able to present solutions & ask questions to improve investment process & outcomes.
• Strong quantitative & analytical skill set with familiarity w multiple pricing & risk models across a spectrum of Credit instruments.
• High proficiency w Excel, SQL & Python; Work & familiarity with LLM APIs or AI workflow tools is a plus.
• The successful hire will be a key stakeholder on the Risk team and be responsible for how the function integrates with all other departments throughout the firm.

About the Firm:

Our client is a SEC & CFTC Investment Adviser launched ~15 years ago with $9Bil AUM deployed against FI and Credit RV strategies. This role is located at its HQ in NYC. This is a mid-sized firm with ~60 empoyees and has a long, positive track-record with an investor based that includes Pension Funds, Foundations, Fund of Funds, Endowments, & Family Offices.