Job Description

Position: Senior Investment Risk Manager (Credit Specialist)

Location : New Yor k

Industr y: Buy-Side/Investment Management/Hedge Funds

An excellent opportunity for a Senior Investment Risk Manager to lead risk management and research within the Discretionary Risk team, specializing in credit strategies for Fixed Income . The role is working within a collegiate, high-performing environment with scope to progress in hierarchy within the business in a relatively short space of time.

This role involves engaging with investment professionals and Senior Management, and building strong relationships across teams. The successful individual will be seen as the SME within the Investment Risk team for Credit and will also receive exposure to cross-asset teams\product lines.

Responsibilities

• Risk Management: Oversee risk across funds, collaborate with Portfolio Managers (PMs) and investment teams, and address issues promptly.
• Performance Analysis : Understand performance and risk drivers for credit strategies and engage with investment teams.
• Framework Development: Enhance the risk framework and analytical infrastructure, promoting best practices.
• Senior Engagement: Communicate key risk issues to Senior Management and the Discretionary Risk Committee.
• Research: Investigate new risk measurement and management techniques with investment, quantitative, and technology teams.
• Market Monitoring : Stay informed on market events and provide risk analysis.
• Regulatory and Client Support: Assist with regulatory, client, and marketing requests.
• Team Development: Mentor and support risk team members and other areas within the firm.

Key Skills & Experience

• Experience: Extensive risk management experience.
• Special i zation: Expertise in credit strategies.
• Skills: Strong financial and analytical skills, proficiency in Python or similar programming languages.
• Knowledge : In-depth understanding of risk management techniques.
• Communication : Excellent communication skills.
• Academics: Strong academic background.

Specific Credit Metrics

• Credit Spread Analysis: Evaluate the difference between yields on credit securities and risk-free securities.
• Default Probability : Assess the likelihood of a borrower failing to meet debt obligations.
• Recovery Rate: Estimate the percentage of a defaulted asset's value that can be recovered.
• Credit Rating: Monitor and analyze ratings assigned by credit rating agencies.
• Credit VaR (Value at Risk ): Measure the potential loss in value of a credit portfolio over a defined period for a given confidence interval.
• Credit Exposure: Calculate the total amount of credit risk exposure at any given time.
• Credit Migration: Track changes in credit quality over time.

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