Investment Risk Manager, Alternatives
Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.
We are transitioning to a hybrid work environment where both remote work and the office play a critical role. Our vision is a future where all employees are empowered to work flexibly to drive the best outcomes for our clients. Flexible work is a mindset and a core value. Our employees are encouraged to work remotely two days a week as a standard practice and will have flexibility in terms of working hours. POSITION
The Investment Risk Manager, Alternatives (Risk Manager) position is part of the Global Risk & Analytics (GRA) team. GRA is the global investment risk function for Wellington and sits within the firm's Investment Science (iSci) department alongside these other key functions: Execution Research Analytics (XRA), Quantitative Investment Group (QIG), and Investment Data Science (IDS). In addition to investment risk oversight, GRA leads Wellington Management's risk modelling and security analytics processes across our broad multi-asset, hedge fund, equity, fixed income and research strategies. The Risk Manager will work with our alternatives investment teams across the Americas, Europe and Asia, helping them use quantitative tools to inform their portfolio construction and investment processes.
The Risk Manager, Alternatives will engage closely with individual portfolio teams to understand their investment processes and the investment risks inherent to those processes. The successful candidate will be responsible for risk oversight (monitoring the appropriateness of risk levels and exposures across the Research portfolios) and helping investors use quantitative tools to inform their portfolio construction and investment processes. The Risk Manager should be sufficiently confident in their analyses to challenge the thinking of investment teams and present areas of concern or focus to additional Wellington stakeholders for further review.
The Risk Manager will engage closely with investors to understand their investment processes and the investment risks inherent to those processes. An important part of the role's active engagement with investors includes helping them adopt best practices in the use of quantitative perspectives in portfolio management and helping the teams use technological tools directly, rather than relying upon risk managers to produce reports.
A successful Risk Manager will leverage Wellington's risk modeling and analysis platform to enhance the risk-taking and portfolio construction efforts of the investment teams. S/he will also continually work to enhance the risk platform itself, to better meet the evolving needs of investors. The Risk Manager will create or enhance clear, engaging reports that identify material portfolio risks. This is a hands on role in terms of technical work, research, and working with data; the team performs much of its work in the firm's curated Python environment which incorporates a highly developed set of API's for risk analysis.
The Risk Manager role requires a strong knowledge of equity risk analysis gained from meaningful experience in institutional investment management and risk management. S/he should be continually apprised of investment trends, determine the risk implications beyond the individual portfolio level, and communicate the resulting risks across various investment platforms. The successful candidate will bring technical skill and knowledge, be adept at building collaborative working relationships with investment professionals and all levels of management to create a shared vision of the benefits of more risk-aware decision making. RESPONSIBILITIES
Responsibilities for this position will include the following:
•Engage with risk takers on a daily basis, to help them understand their positioning and risks, ensuring that risks match conviction levels;
•Work closely with risk takers to challenge and help them identify opportunities for improvement on their investment philosophies and processes;
•Engage the team with market and portfolio risk insights, and participate actively in the Risk Meetings and dialogue on investment ideas;
•Participate in the development of new analytics and empirical research to enhance portfolio construction and provide insightful analysis
•Play a hands on role in the design of the hedge funds risk infrastructure;
•Represent GRA and alternatives investment teams, as appropriate, with key clients and consultants. QUALIFICATIONS
The ideal candidate will have a solid analytical foundation coupled with an analytical curiosity, strong organizational skills, passion for financial markets, be motivated by a team environment, and have the ability to learn about new analytical applications and investment products. The role requires significant experience managing risk for an institutional investment manager or hedge fund and the proven ability to work effectively with portfolio management teams. Strong knowledge of multi-asset and alternative risk analytics is essential. In addition, the ideal candidate will have a strong analytical and systems background with an ability to learn new applications and create leading edge risk evaluation techniques. He/she will have experience working with technology resources on implementation, particularly when combining risk concepts with data analysis. Demonstrated capability to work independently with primary data in mathematical packages is key, with experience in Python (highly preferred) and SQL. Specific skills with risk models and/or data visualization tools are considered a plus.
Additional key qualifications include:
•7+ years' experience in risk management within long/only and long/short fixed income or multi-asset portfolios. This may have been gained on the Buy-side, the Sell-side or Consultancy;
• Proven ability to partner with investment talent effectively;
•Ability to manage multiple tasks, prioritize effectively, meet deadlines and deliver high quality, accurate work in a fast-paced business
•Demonstrable equity and fixed income derivatives knowledge;
• Previous experience as a risk taker would be advantageous.
•Experience in long/short investing including structured products and derivatives would be considered a plus.
•Strong academic credentials: post-graduate degree (PhD is considered a plus) and/or FRM/CFA/CAIA preferred. LOCATION
The Risk Manager, Alternatives will be based in Wellington's Global Headquarters in Boston, MA. SKILLS JOB TITLE
Investment Risk Manager, Alternatives LOCATION
As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law . If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMCANINQ@wellington.com .