Long / Short Equity Risk Manager

Our client is a leading multi-strategy investment manager with a strong track record of attracting elite portfolio management talent across discretionary and systematic investment strategies. The firm is looking to appoint an experienced Long/Short Equity Risk Manager to partner directly with Portfolio Managers and Senior Investment Leadership in New York.

Key Responsibilities

Front Office Partnership

• Partner closely with Portfolio Managers covering fundamental Long/Short Equity strategies.
• Provide proactive risk oversight throughout the investment lifecycle, from idea generation through to portfolio implementation.
• Challenge investment theses where appropriate whilst maintaining a collaborative, solutions-oriented approach.
• Participate in portfolio reviews and investment discussions with PMs and senior leadership.
• Advise PMs on portfolio construction, concentration, liquidity, sizing and capital deployment.
• Monitor market, factor, sector, country, style and idiosyncratic risk exposures across equity portfolios.
• Analyse gross and net exposure, beta, leverage, factor tilts and concentration risk.
• Assess liquidity profiles and potential exit scenarios under stressed market conditions.
• Perform scenario analysis, stress testing and sensitivity analysis around macroeconomic and market events.
• Review correlation structures and diversification across portfolios.
• Monitor exposure to earnings events, corporate actions and event-driven catalysts.
• Develop and enhance risk reporting used by Portfolio Managers and senior management.
• Utilise Barra, Axioma and proprietary analytics to assess portfolio risk.
• Identify emerging risk themes across the platform and communicate recommendations effectively.
• Work alongside Quantitative Research and Technology teams to improve risk infrastructure and analytics.
• Support the continuous enhancement of risk methodologies and portfolio monitoring tools.

Cross-Functional Collaboration

• Liaise with Trading, Financing, Operations and Technology teams to ensure robust portfolio oversight.
• Contribute to firmwide risk projects and strategic initiatives.
• Assist with ad hoc analysis requested by senior management during periods of heightened market volatility.

Requirements

• 8-15 years' experience within an Investment Risk role at
• Strong experience covering Fundamental Long/Short Equity strategies.
• Experience partnering directly with Portfolio Managers in a hedge fund.
• Excellent understanding of portfolio construction and equity risk management.
• Strong knowledge of factor models including Barra and/or Axioma.
• Strong analytical and quantitative skills.
• Advanced Python, SQL or similar programming skills would be advantageous.
• Excellent communication skills with the confidence to challenge senior investment professionals constructively.