Risk Manager

2 weeks ago


New York, United States Hudson River Trading Full time

Hudson River Trading is hiring a Corporate Credit Risk Manager for our NYC office. You will be responsible for designing, improving, managing, and communicating market and liquidity risk for corporate credit-related instruments and strategies. You will own and manage all aspects of credit trading risk faced by the firm, while gaining exposure to the fast-paced world of automated trading and exceptionally talented people from all aspects of the business.

The Risk team is a dynamic, highly collaborative group. As our first Corporate Credit Risk Manager, you will have a real impact on a new growth area of HRT’s business. This will be a challenging role with a wide remit across multiple asset classes and investment horizons.

Responsibilities

  • Design new risk controls for corporate credit trading strategies that appropriately control market, operational, funding and liquidity risk without disrupting trading activity
  • Monitor market, operational, and liquidity risk, and work with Execution Trading to take remedial measures in case of a breach
  • Understand and advise senior management on the nuances of newly-deployed systematic and semi-systematic credit trading strategies
  • Perform tail risk and stress testing analysis
  • Analyze historical measures in order to calibrate thresholds
  • Onboard new strategies, assess the relevant risks to the firm, and implement appropriate risk metrics
  • Investigate the source of risk limit breaches and coordinate with operations and trading teams to resolve them
  • Assist in designing new tools for online performance
  • Evaluate bespoke trading opportunities
  • Work on tactical projects with Finance, Operations, and Engineering

Qualifications

  • B.S. in Mathematics, Physics, Economics, Computer Science, Electrical Engineering or Statistics
  • 5-10 years of experience as a Risk Manager focused on credit trading strategies. Trading experience in credit is a plus
  • Experience working in an investment bank, hedge fund, or asset manager required
  • Knowledge of long/short credit trading strategies is critical. Understanding of capital structure arbitrage or cross-asset class trading preferred, but not required
  • Working knowledge of Python, Linux, SQL preferred
  • Ability to communicate effectively with stakeholders across the firm, including traders, operations, and other risk managers
  • Excellent written and verbal communication skills

Annual base salary range of $200,000 to $300,000. Pay (base and bonus) may vary depending on job-related skills and experience. A sign-on and discretionary performance bonus may be provided as part of the total compensation package, in addition to company-paid medical and/or other benefits.

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