Investment Risk Analyst, Fixed Income
4 weeks ago
Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.
About the Role
The Risk Analyst, Fixed Income (Risk Analyst) position is part of the Global Risk & Analytics (GRA) team. GRA is the global investment risk function for Wellington and sits within the firm's Risk and Investment Science department. The primary focus of GRA is leading Wellington Management's portfolio oversight, risk measurement, and security analytics processes across our broad multi-asset, hedge fund, equity, fixed income and research strategies. The Risk Analyst will work with our fixed income investment teams across the Americas, Europe and Asia, helping them use quantitative tools to inform their portfolio construction and investment processes.
The Risk Analyst will engage closely with Risk Managers and the portfolio teams they cover to better understand their investment processes and the investment risks inherent to those processes. A successful Risk Analyst will leverage Wellington's risk modeling and analysis platform to enhance the engagement of the Risk Managers with the Portfolio Management teams. S/he will also continually work to enhance the risk platform itself, to better meet the evolving needs of investors. The Risk Analyst will create or enhance clear, engaging reporting that emphasizes material portfolio risk sources from a variety of different angles, while ensuring that reporting is both accurate and relevant to the portfolio processes covered. Rapid response times and quick turnarounds commensurate to the dynamic demands of the investors are important. The Risk Analyst should be sufficiently confident in their analyses to interpret the outputs of their work, explaining or defending their conclusions within the Risk Management team or to the investment teams as appropriate. Risk Analysts are expected to be vocal, self-starting members of the team, challenging colleagues and independently reviewing risk-related data in their areas to highlight potential areas of concern or focus to Risk Managers for further review and potential follow-up.
The Risk Analyst role requires a strong knowledge of fixed income risk analysis gained from meaningful experience in institutional investment management and risk management. Prior experience focused on structured or corporate credit risk would be considered favorably. S/he should be continually apprised of investment trends to determine the risk implications and communicate the resulting risks within the group. The successful candidate will bring technical skill and knowledge, be adept at building collaborative working relationships with colleagues, and take proactive ownership for the quality of their work. Risk analysts are expected to be comfortable designing and executing appropriate risk reports, dashboards, and other quantitative assessments of risk positioning in fixed income accounts.
RESPONSIBILITIES
- Interact directly with portfolio management teams alongside Risk Managers, providing complementary insights and constructive challenge to investors on their investment theses and portfolio composition in support of superior risk-adjusted outcomes for clients.
- Take increasing levels of responsibility for key aspects of assigned risk engagements. Proactively and creatively work to enhance these engagements by leveraging any unique insights from the Risk Analyst's own experience with input from more senior risk professionals.
- Conduct ad-hoc research and analysis to address investor questions and support the engagements of Risk Management.
- Engage daily with Risk Managers and investment professionals to ensure transparent measurement and reporting of risks in portfolios. Ensure dashboard, reports, or other shared tools are accurate and timely, and escalate concerns and observations of interest appropriately.
- Partner with Line Management and Investment Products and Fund Strategies colleagues to ensure the firm's fiduciary needs on investment risk are met.
- Participate actively in Risk Meetings with Portfolio Managers, group meeting within Risk and Investment Science, and other dialogues on market and portfolio risk insights, risk concerns and measurements.
- Actively engage in enhancing the Risk reporting infrastructure, including design of exhibits and reports to support the risk oversight process.
The ideal candidate will have a solid analytical foundation coupled with an analytical curiosity, strong organizational skills, passion for financial markets, be motivated by a team environment, and have the ability to learn about new analytical applications and investment products. He/she will have experience working with technology resources on implementation, particularly when combining risk concepts with data analysis. Demonstrated capability to work independently with primary data in mathematical packages is key, with experience in SQL and Python highly preferred (although other tools such as R or Matlab are also acceptable). Specific skills with risk models and/or data visualization tools are considered a plus. Experience in analysis of corporate credit, structured credit, or agency mortgage risk would be favorably considered.
Additional key qualifications include:
- 3+ years' experience in risk management within long only or benchmark-relative fixed income or multi-asset portfolios. This may have been gained on the Buy-side, the Sell-side or Consultancy
- Proven ability to partner with investment talent effectively
- Ability to manage multiple tasks, prioritize effectively, meet deadlines, and deliver high quality, accurate work in a fast-paced business
- Demonstrable fixed income derivatives knowledge
- Experience with structured fixed income products such as MBS (Mortgage-Backed Securities) or CLO (Collateralized Loan Obligation) products would be considered a plus
- Prior experience in Risk Management roles is desirable but demonstrated quantitative or programming expertise coupled with experience in front-office facing roles such as trading, credit analysis, or portfolio management support positions would be considered.
- Strong academic credentials: post-graduate degree in a quantitative field and/or FRM/CFA/CAIA preferred
The Investment Risk Manager, Alternatives will be based in Wellington's Global Headquarters in Boston, MA.
Not sure you meet 100% of our qualifications? That's ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.
As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law . If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMWTalentOperations@wellington.com .
At Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry.We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base salary range for this position is:
USD 80,000 - 180,000
This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process.
Base salary is only one component of Wellington's total compensation approach. Other rewards may include a discretionary Corporate Bonus and/ or Incentives, if eligible. In addition, we offer a comprehensive and high value benefit package to meet the unique needs of our employees and their families, and we are committed to fostering a flexible work environment that enables employees to thrive personally and professionally. Examples of our benefits include retirement plan, health and wellbeing, dental, vision, and pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back-up childcare, tuition/CFA reimbursement and paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)
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