Portfolio Risk Manager

Job Title: Portfolio Risk Manager/Analyst Location: NYCClient: $BNN Fund ManagerDepartment: Investment Risk / Portfolio AnalyticsPosition OverviewI'm advising a Fund Manager seeking a Portfolio Risk Analyst to join their Hedge Fund investment team. This role will support the monitoring, analysis, and reporting of portfolio risks across their Separately Managed Account (SMA) platforms. The ideal candidate will possess a strong understanding of multi-asset portfolio construction, risk modeling, performance attribution, and investment data analysis.This position offers a unique opportunity to work closely with portfolio managers, investment strategists, and senior leadership to enhance our risk management framework and contribute to strategic portfolio decisions.Key Responsibilities:Risk Analysis & MonitoringPerform daily, weekly, and monthly risk assessments for Fund of Funds and SMA portfolios, focusing on exposures, factor sensitivities, and scenario stress testing.Monitor portfolio risk metrics such as volatility, Value-at-Risk (VaR), tracking error, beta, and drawdown.Identify sources of portfolio risk and return through performance attribution and factor decomposition.Portfolio Analytics & ReportingDevelop and maintain dashboards, reports, and models to track portfolio performance and risk exposures.Produce periodic risk summaries and present findings to portfolio managers, risk committees, and senior management.Fund of Funds / SMA OversightAnalyze underlying fund exposures, manager concentration, liquidity risk, and cross-portfolio correlations.Evaluate SMA strategies for consistency with investment guidelines, mandate limits, and client risk profiles.Support due diligence efforts on external managers, including assessment of investment process, risk controls, and performance behavior.Modeling & ResearchContribute to the enhancement of internal risk models, including factor frameworks and stress-testing methodologies.Stay informed on market developments, macroeconomic trends, and emerging risks affecting portfolio performance.QualificationsBachelor’s degree in Computer Science/Engineering, Finance, Economics, Mathematics, Statistics, or a related field; advanced degree (MBA, MS) preferred.2–10 years of experience in portfolio risk management, investment analytics, or related functions within asset management, fund of funds, or wealth management.Strong understanding of financial markets, multi-asset portfolios, and investment risk concepts.Proficiency in risk systems and data tools (e.g., MSCI Barra, Bloomberg PORT, FactSet, Aladdin, RiskMetrics).Experience with Python, R, SQL, or similar.Familiarity with performance attribution, portfolio construction, and quantitative analysis.