Purpose of the Role

We are looking for an Investment Risk Associate with proficient analytical, teamwork and communication skills, to join our Investment Risk team in New York.

The FRM Investment Risk team has three main functions:

Risk manage our clients’ investments; making sure hedge fund managers stay within risk parameters, and that FRM keep our client’s informed of their risk profile (which includes being informed on financial markets and new developing risks) Conduct Investment Risk due diligence on new hedge fund investments Ensure the timeliness and accuracy of risk data, to internal and external stakeholders

Ultimately – the team are responsible for protecting our client’s capital - through the identification, measurement, escalation and management of market risks. Unusually for a risk role – the team has regular contact with external hedge fund managers and clients.

The role will primarily focus on assisting the team with the first function, but will involve some time spent on the other two functions too.

The FRM Investment Risk team has excellent exposure to senior personnel at Man, and to FRM clients – through regular meetings (such as a monthly FRM Risk Committee meeting, regular risk update calls with clients) and adhoc queries.

This role shall report into a NY based Director of Investment Risk.

Specific Responsibilities

• Support senior risk management personnel by performing adhoc risk analysis such as exposure analysis, factor analysis, and custom stress testing
• Monitor and manage investment risks across the platform, e.g. by identifying, measuring and communicating risk issues – collaborating with risk colleagues and hedge fund managers
• Enhancing risk modelling and calculation – utilising both internal risk models and external systems
• Report relevant risk data and insights to key stakeholders as and when required
• Work closely with all internal stakeholders who use managed account and fund data including risk management, investment management, client services and operations
• Over time, take on responsibility for building relationships with and monitoring risks of a subset of hedge fund strategies
• Assist in the due diligence of new hedge fund investments
• Provide backup for the Risk Analysis subteam; who are responsible for daily limit and data checks, and maintain/enhance the quality of risk calculations across FRM systems

Key Competencies

• Good academics in a technical field (e.g. math, engineering, sciences)
• Knowledge of financial instruments and interest in major asset classes and portfolio risk management techniques are essential
• Experience in the Investment Management industry is strongly preferred. Knowledge and demonstrated experience of Hedge Fund strategies is a plus
• The ability to be succinct and clear when communicating.
• Good knowledge of Python (or similar programming skills as Man can train employees on Python), and MS Office applications, especially Excel.
• Ability to investigate complex problems with patience and collaboration with internal and external parties, and then propose solutions
• Prioritize effectively, when you will sometimes have competing demands
• Experience in risk data modelling and understanding of MSCI’s/Risk Metrics’ risk framework is a plus
• Knowledge of Tableau is a plus

We welcome applications from people from all backgrounds!

Base Salary Range: The anticipated based salary range for this position is $100,000-$120,000 + benefits + a discretionary bonus. This is the base salary range that the Company believes it will pay for this position at the time of this posting based on the location and requirements of the position as well as the skills, qualifications, and experience of the applicant. The Firm reserves the right to modify this pay range at any time.

About Man FRM

Man FRM is an alternative investment specialist, deploying investment and advisory services within client portfolios. Man FRM provides an open-architecture, full service offering to clients, ranging from advisory work to customised and commingled portfolio solutions, as well as a leading, technologically advanced managed account platform.

Man FRM continues to develop its advisory capabilities and business, responding to increased client interest in customised client portfolio solutions. The engine works closely in partnership with clients, in areas such as portfolio allocation, risk analysis and risk architecture. These services are complemented by Man FRM’s Clarus tool, an internally developed, sophisticated online portal providing clients with enhanced transparency and insight into their alternative investment portfolios.

Founded in 1991 and becoming part of Man Group in 2012, Man FRM’s funds under management were $ 19.9 billion at 30 September 2022 . Further information can be found at www.man.com/frm .

Work-Life Balance and Benefits at Man

Man Group is proud to provide the best working environment possible for all of its employees, and we are committed to equality of opportunity. At Man Group we believe that a diverse workforce is a critical factor in the success of our business, and this is embedded in our culture and values. We run a number of external and internal initiatives, partnerships and programmes that help us to attract and develop talent from diverse backgrounds and encourage diversity and inclusion across our firm and industry. https://www.man.com/diversity . Man Group is also a Signatory of the Women in Finance Charter.

Man Group supports many charities, and global initiatives. We support professional training and development, and requests for flexible or part-time working. Employees are also offered two 'Mankind' days of paid leave per year as part of the Man Charitable Trust's community volunteering programme.

We offer comprehensive, firm-wide employee benefits including competitive holiday entitlements, pension/401k, life and long-term disability coverage, group sick pay, enhanced parental leave and long-service leave. Additional benefits are tailored to local markets and may include private medical coverage, discounted gym membership and wellbeing programmes.