Investment Risk Director

JCW is working on behalf of a boutique alternative investment management firm that's looking to hire an Investment Risk Director for their growing team. Working four days a week on-site, this position leads independent oversight of market, liquidity, credit and counterparty risk across the firm's alternative investment funds. This is a senior leadership role for someone who pairs quantitative depth with the credibility to influence CIOs and PMs, and who can build and develop a high-performing team.

Key responsibilities

• Own the investment risk framework, including risk appetite, limits and escalation policy across all funds and strategies.
• Lead independent monitoring of market, liquidity, credit, counterparty and concentration risk, and challenge portfolio managers on exposures and sizing.
• Review new strategies, instruments and fund launches for risk and limit implications.
• Present to the risk committee, Investment Committee and board, and report directly to the CRO.
• Lead investor and consultant due diligence responses on risk management, and contribute risk data to Form PF and AIFMD Annex IV filings.
• Partner with Operations, Valuation, Treasury and Compliance on counterparty exposure, valuation challenge and risk events.
• Oversee risk systems and data, including vendor platforms and in-house analytics.

Required qualifications

• Bachelor's degree in finance, economics, mathematics, engineering or a related quantitative field.
• 10–15 years in investment or market risk at a hedge fund, alternative asset manager, multi-manager platform or sell-side risk function.
• Deep knowledge of risk in asset classes common to alternatives: credit, equities, rates, derivatives and private or illiquid assets.
• Expert command of VaR, stress testing, factor models and liquidity risk methodology.
• At least 3 years managing people.

Preferred qualifications and attributes

• Advanced degree, or a CFA, FRM or PRM designation.
• Exposure to private credit, structured credit or other Level 3 valuations.
• Familiarity with SEC adviser rules, Form PF and investor operational due diligence expectations.
• Experience building or upgrading a risk function at a growing manager.