Systematic Equities Risk Manager

Paragon Alpha - Hedge Fund Talent Business; New York (NY); On-site; USD 130,000 - 180,000; Full time

Job summary

Paragon Alpha - Hedge Fund Talent Business is looking for an experienced Risk Manager to join their Systematic trading group in New York. This role is crucial for overseeing risk management across various systematic strategies and working closely with portfolio managers to enhance analytics.

The ideal candidate will have a master's or PhD in a quantitative field and at least 10 years of relevant experience in quantitative finance. You will focus on developing tailored risk methodologies and engaging with business leaders to support strategic initiatives.

Qualifications

• 10+ years of experience in quantitative finance within a risk, portfolio management, or trading capacity.
• Solid understanding of equity-based quantitative strategies and statistical arbitrage.
• Familiarity with factor-based risk models and portfolio construction techniques.

Responsibilities

• Monitor and analyze systematic portfolios for daily and intraday risk.
• Build relationships with quantitative portfolio managers and stakeholders.
• Develop and enhance model development frameworks for risk management.

Skills

Quantitative Finance

Risk Assessment

Analytical Skills

Communication Skills

Education

Master’s or PhD in Mathematics, Physics, Computer Science, or Financial Engineering

Job description

A leading global investment platform is seeking an experienced Risk Manager to partner with its expanding Systematic trading group. This role focuses on overseeing risk across systematic strategies, enhancing analytics, and working closely with portfolio managers and senior leadership across regions.

Key Responsibilities

• Perform ongoing monitoring and analysis of systematic portfolios, including both daily and intraday risk assessment.
• Build strong working relationships with quantitative portfolio managers and senior stakeholders globally
• Evaluate and enhance model development frameworks, including simulation techniques, backtesting standards, and implementation processes
• Improve manager evaluation frameworks with emphasis on performance attribution, macro sensitivities, thematic exposures, and market crowding dynamics
• Design and implement risk methodologies tailored to short-horizon systematic strategies; develop tools and dashboards for real-time monitoring
• Contribute to the broader risk infrastructure, reporting, and analytics used across the firm
• Engage with business leadership to support strategic initiatives and risk oversight
• Participate in regular risk forums, providing insights and recommendations on portfolio exposures and risk-adjusted returns
• Assess whether portfolio risks are appropriately compensated and aligned with investment objectives

Candidate Profile

• Advanced degree (Master’s or PhD) in a quantitative field such as Mathematics, Physics, Computer Science, or Financial Engineering
• Extensive experience (typically 10+ years) in quantitative finance within a risk, portfolio management, or trading capacity at a financial institution or investment firm
• Solid understanding of equity-based quantitative strategies, including statistical arbitrage approaches
• Familiarity with factor-based risk models and portfolio construction techniques
• Excellent communication skills, with the ability to interact effectively across technical and non-technical teams
• Strong analytical mindset with a hands‑on, problem‑solving approach
• High attention to detail, with a focus on data integrity, robustness of analysis, and clarity of outputs