Senior Equity Risk Manager, Fundamental Portfolios

Millennium; New York (NY); On-site; USD 160,000 - 250,000; Full time

Job summary

Millennium is seeking a senior risk professional in New York to own risk coverage for fundamental equity trading teams, develop a deep understanding of portfolios and risk exposures, and communicate implications to portfolio managers.

You will partner with investment professionals to translate findings into actionable risk insights, help shape the risk research agenda, and apply quantitative methods and factor models using R, Python and SQL.

Qualifications

• 7–10 years of experience in equity risk management or related field.
• Experience in a multi-manager platform is helpful but not required.
• Fluency with characteristics-based factor models; strong quantitative background.

Responsibilities

• Own risk coverage for a group of fundamental equity trading teams, developing a detailed understanding of their portfolios, risk exposures, performance, and investment processes.
• Monitor where risk is building across assigned trading groups, distinguish material developments from noise, and clearly communicate their implications.
• Develop a working understanding of each Portfolio Manager’s investment process, including where their edge is demonstrated and where risk exposures may be incongruous.
• Act as a business partner to investment professionals, helping build strong economic intuition around the risks within their portfolios.
• Evaluate and prioritize risks across the coverage book, focusing the team’s attention on the developments that require action.
• Translate findings into focused conversations with Portfolio Managers and follow through on resulting actions or changes.
• Independently scope and conduct research when existing tools do not answer a risk question, sharing findings with the broader team.
• Identify risks that may not be fully captured by current measures and use engagement with risk takers to help shape the risk and portfolio research agenda.

Skills

Equity risk management

Portfolio research

Quantitative research

Analytical skills

Strong communication skills

Problem-solving

Education

Technical/Quantitative degree

Tools

R

Python

SQL

Job description

Millennium is seeking a senior risk professional in New York to own risk coverage for fundamental equity trading teams, develop a deep understanding of portfolios and risk exposures, and communicate implications to portfolio managers.

You will partner with investment professionals to translate findings into actionable risk insights, help shape the risk research agenda, and apply quantitative methods and factor models using R, Python and SQL.