Equity Long Short Risk Manager

Verition Fund Management LLC ("Verition") is a multi-strategy, multi-manager hedge fund founded in 2008. Verition focuses on global investment strategies including Global Credit, Global Convertible, Volatility & Capital Structure Arbitrage, Event-Driven Investing, Equity Long/Short & Capital Markets Trading, and Global Quantitative Trading.

Job Title: Equity Long Short Risk Manager

Location: New York, NY

Key Responsibilities:

• Strategy coverage: Equity Long Short
• Continuously monitor portfolio exposures, stress test scenarios and evaluate risk metrics
• Undertake position and portfolio oversight - concentration, leverage, liquidity, correlation etc across equity positions and strategies
• Work closely with PMs and other stakeholders including risk teams to align risk management processes with investment objectives
• Lead all PM interviews for all Long Short Equity PM candidates
• Ensure adherence to risk limits and internal policies
• Provide regular and adhoc reports to senior mgmt, investment committee and stakeholders
• Model validation and enhancement - working closely with Equity Portfolio Researcher and Central team
• Team management - improving bench-strength, continuous team development and general team management
  
  

Requirements:

• Minimum 8 years' relevant risk mgmt experience in financial sector with a focus on equity markets, ideally in a multi-strategy HF, investment bank or asset mgmt firm
• Experience building factor hedge baskets and building an optimizer
• Demonstrated ability and proven track record of working closely with businesses and to lead/mentor other risk team members
• Exceptional ability to articulate complex risk concepts to diverse stakeholders
• Deep understanding of risk measures and market conventions
• Willingness and desire to be hands-on and roll-up sleeves role
  
  

Salary Range: $150,000 USD - $200,000 USD