Senior Emerging Markets Risk Manager

Balyasny Asset Management L.P.; New York (NY); On-site; USD 180,000 - 240,000; Full time

Job summary

Balyasny Asset Management L.P. is seeking a Senior Emerging Markets Risk Manager to oversee risk across Latin America, Asia, and CEEMEA within the Fixed Income & Macro business. You will partner with portfolio management and risk teams to ensure sound risk-taking and compliance with firm-wide risk appetite.

The role requires deep EM expertise, strong Python skills, and an advanced quantitative background. You will work with global offices to deliver analyses, risk reports, and policy-focused

Qualifications

• 12+ years of experience in trading, sales, structuring, quantitative analysis, or market risk.
• Deep knowledge of Emerging Markets across Latin America, Asia, and CEEMEA.
• Strong collaboration across global offices and teams.
• Excellent communication skills for senior stakeholders.
• Strong programming skills in Python.
• Advanced academic background in a quantitative discipline (math, engineering, physics, finance).

Responsibilities

• Partner with PM teams to analyze portfolio risk across EM regions.
• Calibrate and manage risk guidelines in line with risk appetite.
• Collaborate to resolve risk-exposure discrepancies.
• Conduct detailed trade-level risk analysis across asset classes.
• Perform top-down risk assessments including VaR and stress testing.
• Present risk findings to senior risk and management teams.
• Monitor current risk environment and risk events impact.
• Develop analyses and reports for risk team and PMs.
• Contribute to risk policy research on allocation and guidelines.

Skills

Python programming

Risk management

Quantitative analysis

Cross-border collaboration

Communication skills

Education

Advanced degree in mathematics/engineering/physics/finance

Job description

The Senior Emerging Markets Risk Manager will report to the Co-Heads of Fixed Income & Macro Risk and work collaboratively with a global team of expert risk professionals, quantitative analysts, and Portfolio Management teams. The individual will be responsible for risk oversight and analysis across Emerging Markets in Latin America, Asia, and CEEMEA. This is a high-impact role supporting the growth and risk management of the firm’s Fixed Income & Macro business in Emerging Markets.

Key Responsibilities:

• Partner with Developed and Emerging Markets Portfolio Management teams to understand and analyze portfolio risk across Latin America, Asia, and CEEMEA.
• Calibrate and manage risk guidelines for multiple portfolio teams, ensuring alignment with firm-wide risk appetite and regulatory requirements.
• Collaborate with portfolio managers to resolve discrepancies in measured risk or address risk exposures outside of policy guidelines.
• Conduct detailed trade-level risk analysis for both new and existing positions, including rates, FX, sovereign and corporate credit, equities, and derivatives.
• Perform top-down risk assessments of the Emerging Markets business, including exposure analysis, Value at Risk (VaR), and stress testing.
• Present business-level risk in a clear and concise manner to senior risk and management teams.
• Maintain a detailed and proactive view of the current risk environment, monitoring risk events and their potential impact on positions.
• Construct and analyze event risk scenarios relevant to Emerging Markets.
• Assess and explain P&L drivers, both intraday and historically, across portfolios.
• Develop analyses and reports for use by risk team members and portfolio managers.
• Contribute to innovative research on risk policy, risk allocation, and portfolio guidelines, with a focus on Emerging Markets.

Qualifications:

• 12+ years of experience in trading, sales, structuring, quantitative analysis, or market risk roles at a sell-side or buy-side institution; hedge fund experience strongly preferred.
• Deep knowledge and experience in Emerging Markets, with expertise in Fixed Income, Rates, FX, and derivatives across Latin America, Asia, and CEEMEA.
• Demonstrated ability to collaborate and work effectively across global offices and teams.
• Excellent communication skills, with the ability to present complex risk concepts to senior stakeholders.
• Strong programming skills in Python, or a computer science background with the ability to learn Python.
• Advanced academic background in a quantitative discipline (e.g., mathematics, engineering, physics, finance).