Head of Risk

6 days ago

London, Greater London, United Kingdom AlphaGrep Securities Full time £150,000 - £200,000 per year

Firm Overview
We are a global quantitative multi-strategy asset management firm, with a global investment focus and team. We are seeking an experienced Head of Risk to lead the firm's global fund risk management function, ensuring comprehensive risk oversight and reporting in full compliance with regulatory standards. The successful candidate will have had experience with the risk management and monitoring of strategies spanning equity market-neutral, quantitative futures/macro, and options-based strategies.

Key Responsibilities

  • Lead the firm's risk management function, ensuring rigorous oversight of market, credit, liquidity, and operational risks across diverse strategies.
  • Develop and maintain risk frameworks, methodologies, and infrastructure to support mid-frequency strategies.
  • Design and implement robust risk reporting in collaboration with the groups central risk and engineering teams, incorporating VaR-based models, Barra models, option Greeks, volatility surfaces, and scenario analysis.
  • Contribute to enhancing and automating risk management processes.
  • Conduct stress testing and scenario analysis to evaluate tail risks and extreme market events.
  • Collaborate closely with portfolio managers to provide real-time risk insights and proactive risk mitigation strategies.
  • Ensure compliance with UK regulatory risk reporting requirements and industry best practices.
  • Contribute risk reporting, recommendations and insights to the Investment
  • Committee, senior management and other stakeholders.

Key Requirements

  • Minimum of 10 years of experience in risk management within a quantitative hedge fund or proprietary trading firm.
  • Deep understanding of risk methodologies across equity market-neutral, quantitative futures/macro, and options-based strategies, including expertise in VaR-based
  • models, Barra models, stress testing, and option risk metrics (e.g., Greeks, volatility surfaces).
  • Strong programming, database and automation skills, particularly in Python and data science tools for risk analytics.
  • Professional certification in risk management (e.g., FRM, PRM) preferred.
  • Strong knowledge of UK regulatory risk reporting requirements and best practices.
  • Excellent communication skills with the ability to convey complex risk concepts to both technical and non-technical stakeholders.

Compensation

  • Competitive, commensurate with experience.

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