What are the responsibilities and job description for the Long / Short Equity Risk Manager position at Paragon Alpha - Hedge Fund Talent Business?
Overview
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.
Portfolio & Risk Management
- 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.
Risk Analytics
- 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.