Senior Long/Short Equity Risk Manager

Paragon Alpha - Hedge Fund Talent Business; New York (NY); On-site; USD 220,000 - 320,000; Full time

Job summary

Paragon Alpha - Hedge Fund Talent Business in New York seeks an experienced Long/Short Equity Risk Manager to partner directly with Portfolio Managers and senior investment leadership. The role focuses on risk oversight across the investment lifecycle, including portfolio construction, concentration, liquidity, and performance attribution.

The ideal candidate has 8-15 years of investment risk experience, with strong knowledge of Fundamental Long/Short Equity and factor models (Barra/Axioma).

Qualifications

• 8-15 years' experience in investment risk roles (hedge funds preferred).
• Strong experience covering Fundamental Long/Short Equity strategies.
• Proven track record partnering directly with Portfolio Managers.
• Excellent understanding of portfolio construction and equity risk management.
• Expertise with factor models such as Barra and/or Axioma.
• High-level analytical and quantitative skills.
• Excellent communication and ability to challenge senior investment professionals constructively.

Responsibilities

• Partner closely with Portfolio Managers to oversee fundamental Long/Short Equity strategies.
• Provide proactive risk oversight throughout the investment lifecycle from idea generation to implementation.
• Review and challenge investment theses while maintaining collaboration.
• Participate in portfolio reviews and investment discussions with PMs and senior leadership.
• Advise on portfolio construction, concentration, liquidity, sizing, and capital deployment.
• Monitor exposures across market, factor, sector, country, style, and idiosyncratic risk.

Skills

Risk management

Long/Short equity

Python

SQL

Portfolio construction

Communication

Quantitative analysis

Stakeholder collaboration

Tools

Barra

Axioma

Python

SQL

Job description

Paragon Alpha - Hedge Fund Talent Business in New York seeks an experienced Long/Short Equity Risk Manager to partner directly with Portfolio Managers and senior investment leadership. The role focuses on risk oversight across the investment lifecycle, including portfolio construction, concentration, liquidity, and performance attribution.

The ideal candidate has 8-15 years of investment risk experience, with strong knowledge of Fundamental Long/Short Equity and factor models (Barra/Axioma).