Junior Risk Manager
At a glance
Junior Risk & Financial Compliance role at Squarepoint Capital. New York · $125,000 base.
financeroles summary, based on the employer's posting.
What you'll do
- Assess risks in discretionary trading strategies and work with researchers and traders to examine those strategies
- Check that strategies stay within allocations set by the Investment Committee
- Review portfolio-level risk and identify the drivers behind performance
- Support trade portfolio construction across the discretionary business
- Improve processes and infrastructure used to manage the discretionary business and its risk framework
What you bring
- A bachelor’s degree in a quantitative or related discipline, such as mathematics or statistics
- Experience ranging from graduate-level experience through three years in a commercial role
- A clear interest in risk management and applying quantitative methods
Who this fits
This junior role suits someone starting a career in risk who can collaborate with trading, analyst and quantitative teams. You’ll work with teammates globally in a fast-paced setting. The stated minimum base salary for a New York hire is $125,000, with possible discretionary bonuses.
From the employer
We are looking for a Junior Risk Manager to join our expanding discretionary team. This is a unique opportunity to help further develop Squarepoint’s discretionary trading business worldwide. As a member of our team, you will be responsible for implementing a structured risk management culture, ensuring a sound and stable operation of the business via the implementation of processes and controls to ensure that risks (market risks, operational risk, conduct risk, etc.) are properly managed and contributing to the overall growth of the fund. You will liaise and collaborate closely with our researchers and traders while leveraging our world class research platform. If you are looking to begin your career in Risk Management, we encourage you to apply.
Position Overview
- Identify and evaluate risk associated with discretionary trading strategies
- Collaborate with Quantitative Researcher and Traders on the strategies analysis
- Ensure the strategies are run within the risk allocation defined by the Investment Committee
- Analyze risk at the portfolio level and performance drivers
- Help with trade portfolio construction across the discretionary business
- Drive the build out of Squarepoint risk framework by improving the firm's processes and infrastructure for management of the discretionary business
Required Qualifications
- Bachelor’s degree in a quantitative or related field (includes degrees in Mathematics, Statistics, Econometrics, Financial Engineering, Operations Research, Computer Science and Physics); advanced degree preferred
- From graduate level up to 3 years of commercial experience
- Demonstrated interest in Risk Management
- Demonstrated interest in a quantitative approach
- Capacity to collaborate with the trading, analysts and quants team
- Strong communication skills with the ability to collaborate with teammates globally
- Strong sense of urgency with the ability to work well in a fast-paced environment
The minimum base salary for this role is $125,000 if located in New York. This expectation is based on available information at the time of posting. This role may be eligible for discretionary bonuses, which could constitute a significant portion of total compensation. This role may also be eligible for benefits, such as health, dental, and other wellness plans, as well as 401(k) contributions. Successful candidates’ compensation and benefits will be determined in consideration of various factors.