Risk Manager

3 weeks ago


New York, United States CareerBuilder 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 HRTs 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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