Hedge Fund Risk Manager

Northern Trust
Chicago
Workplace: OnsiteFull timeUSD 80,800 - 133,400 annuallyFunction: Legal, Risk & ComplianceExperience: 3-5 yearsEducation: bachelorsSkills: ["Risk analysis","Communication","Stakeholder management","Analytical","Quantitative"]

Join Northern Trust's investment team as Hedge Fund Risk Manager to oversee portfolio-level risk across external hedge fund managers. You will aggregate risk by strategy, asset class, and geography; conduct manager due diligence; and develop forward-looking analytics to inform investment decisions. Collaborate with portfolio construction, risk budgets, and senior stakeholders to identify liquidity, concentration, and tail risks and drive risk-informed decisions.

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Northern Trust
Northern Trust
3 months ago

Hedge Fund Risk Manager

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Last checked: 17 minutes agoStatus: Live

Job Summary

Join Northern Trust's investment team as Hedge Fund Risk Manager to oversee portfolio-level risk across external hedge fund managers. You will aggregate risk by strategy, asset class, and geography; conduct manager due diligence; and develop forward-looking analytics to inform investment decisions. Collaborate with portfolio construction, risk budgets, and senior stakeholders to identify liquidity, concentration, and tail risks and drive risk-informed decisions.
Location: Chicago
Workplace: Onsite
Employment Type: Full time
Job Function: Legal, Risk & Compliance
Seniority: Mid level

Key Responsibilities

  • •Monitor and aggregate risk exposures across underlying hedge funds by strategy, asset class, and geography.
  • •Assess market, liquidity, concentration, leverage, and tail risks.
  • •Ensure alignment with risk budgets and investment objectives.
  • •Conduct risk-focused due diligence on hedge fund managers.
  • •Evaluate strategy risk, leverage, derivatives use, and drawdowns.

Pay and Benefits

Salary: USD 80,800 - 133,400 annually
Equity and Bonus:Equity
Perks:401kPensionEquityAnnual Bonus

Key Requirements

  • •3-5 years in hedge fund risk management, fund of funds, asset management, risk management or related roles.
  • •Bachelor's degree in Finance, Economics, Mathematics, or related field; CFA or FRM preferred.
Experience:3-5 yearsHedge fundAsset managementRisk management
Education:Bachelor's
Skills:Risk analysisCommunicationStakeholder managementAnalyticalQuantitative
Certifications:CFAFRM
Languages:English
Tech Stack:VaRStress testingRisk modelingMSCI RiskMetricsExcelPower BISQL

Company Brief

Northern Trust
Global financial services firm providing wealth management, asset servicing, asset management, and banking solutions to institutions, corporations, and affluent individuals, with a focus on custody, investment management, and technology-driven services.
Industry: Asset Management
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Chicago, United States
Founded: 1889
Glassdoor
Glassdoor: 3.9
WebsiteLinkedIn