What are the responsibilities and job description for the Director of Risk, DMFI position at Schonfeld?
Director of Risk, Discretionary Macro & Fixed Income (DMFI)
The Role
We are seeking an exceptionally talented individual to join our Risk Management team as the Director of Risk, for our Discretionary Macro & Fixed Income (DMFI) business. A successful candidate will ideally have experience performing a similar role at another platform and be confident interacting with investment teams, providing market expertise and a trusted risk management service. You will have commercial experience in quantitative risk in fixed income.
What You’ll Do
The Director of Risk will be responsible for researching the risk and portfolio construction questions of the analysts and portfolio managers. This person will report to our global head of DMFI Risk and help create a first-in-class Risk Framework for Macro Fixed Income multi-PM platform. There is a major emphasis on communication of the output of risk models to portfolio managers, investors, and firm management. The Director of Risk will liaise with technology and support teams to help resolve daily production / operational issues and ensure data integrity / quality. A successful candidate will conduct investment research in various topics, including manager skill, portfolio optimization, liquidity, stress tests, margin usage, hedging and risk / pricing modelling. They will investigate and integrate new datasets used by proprietary models and risk infrastructure.
What You’ll Bring
What you need
Schonfeld is a global multi-manager hedge fund that strives to deliver industry-leading risk-adjusted returns for our investors. We leverage both internal and external portfolio manager teams around the world, seeking to capitalize on inefficiencies and opportunities within the markets. We draw from decades of experience and a significant investment in proprietary technology, infrastructure and risk analytics to invest across four main strategies: Quant, Tactical, Fundamental Equity and Discretionary Macro & Fixed Income.
Our Culture
At Schonfeld, we’ll invest in you. Attracting and retaining top talent is at the heart of what we do, because we believe that exceptional outcomes begin with exceptional people. We foster a culture where talent is empowered to continually learn, innovate and pursue ambitious goals. We are teamwork-oriented, collaborative and encourage ideas—at all levels—to be shared. As an organization committed to investing in our people, we provide learning and educational offerings and opportunities to make an impact. We encourage community through internal networks, external partnerships and service initiatives that promote inclusion and purpose beyond the firm’s walls.
The base pay for this role is expected to be between $250,000 and $300,000. The expected base pay range is based on information at the time this post was generated. This role may also be eligible for other forms of compensation such as a performance bonus and a competitive benefits package. Actual compensation for the successful candidate will be determined based on a variety of factors such as skills, qualifications, and experience.
The Role
We are seeking an exceptionally talented individual to join our Risk Management team as the Director of Risk, for our Discretionary Macro & Fixed Income (DMFI) business. A successful candidate will ideally have experience performing a similar role at another platform and be confident interacting with investment teams, providing market expertise and a trusted risk management service. You will have commercial experience in quantitative risk in fixed income.
What You’ll Do
The Director of Risk will be responsible for researching the risk and portfolio construction questions of the analysts and portfolio managers. This person will report to our global head of DMFI Risk and help create a first-in-class Risk Framework for Macro Fixed Income multi-PM platform. There is a major emphasis on communication of the output of risk models to portfolio managers, investors, and firm management. The Director of Risk will liaise with technology and support teams to help resolve daily production / operational issues and ensure data integrity / quality. A successful candidate will conduct investment research in various topics, including manager skill, portfolio optimization, liquidity, stress tests, margin usage, hedging and risk / pricing modelling. They will investigate and integrate new datasets used by proprietary models and risk infrastructure.
What You’ll Bring
What you need
- A degree in statistics, mathematics, computer science or financial engineering
- Experience with Fixed-Income RV strategies
- Experience around Options and Fixed Income Pricing models.
- Experience in a PM- facing risk role
- Experience working hands-on with quantitative risk techniques
- Strong coding skills, familiarity with Python, R, Matlab, Excel and/or other scripting languages
- Strong mathematical and/or statistical modeling
- Comfortable with analysis of large datasets, high-level attention to detail
- A strong understanding and working knowledge of Basis
Schonfeld is a global multi-manager hedge fund that strives to deliver industry-leading risk-adjusted returns for our investors. We leverage both internal and external portfolio manager teams around the world, seeking to capitalize on inefficiencies and opportunities within the markets. We draw from decades of experience and a significant investment in proprietary technology, infrastructure and risk analytics to invest across four main strategies: Quant, Tactical, Fundamental Equity and Discretionary Macro & Fixed Income.
Our Culture
At Schonfeld, we’ll invest in you. Attracting and retaining top talent is at the heart of what we do, because we believe that exceptional outcomes begin with exceptional people. We foster a culture where talent is empowered to continually learn, innovate and pursue ambitious goals. We are teamwork-oriented, collaborative and encourage ideas—at all levels—to be shared. As an organization committed to investing in our people, we provide learning and educational offerings and opportunities to make an impact. We encourage community through internal networks, external partnerships and service initiatives that promote inclusion and purpose beyond the firm’s walls.
The base pay for this role is expected to be between $250,000 and $300,000. The expected base pay range is based on information at the time this post was generated. This role may also be eligible for other forms of compensation such as a performance bonus and a competitive benefits package. Actual compensation for the successful candidate will be determined based on a variety of factors such as skills, qualifications, and experience.
Salary : $250,000 - $300,000