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Investment Risk Manager, Alternatives

Wellington Management Company, LLP Boston, United States
Posted 16 days ago Permanent Competitive
About Us

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 POSITION
The Risk Manager, Alternatives (Risk Manager) 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 alongside these other key functions: Quantitative Investment Group (QIG), Platform Strategies, and Investment Science (iSci). The QIG team manages a competitive and growing systematic investment capability, the Platform Strategies team drives insight, efficiency and scale through their leadership of the platform's technology and data strategy, and the iSci team generates specialist science-based research that enhances fundamental idea generation and returns. 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 Manager will engage closely with our Alternatives investment teams across the Americas, Europe and Asia, to understand their investment processes and investment risks inherent to those processes. The successful candidate will be responsible for risk oversight (monitoring the appropriateness of risk levels and exposures), leveraging Wellington's risk modeling and analysis platform to enhance the risk-taking and portfolio construction efforts of the PM teams. S/he will also continually work to enhance the risk platform itself, to better meet the evolving needs of investors. The Risk Manager will create and 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. Active engagement with investors to ensure that 'best practice/best in class' tools are available and adopted by the investment teams is paramount. Similarly, rapid response times and quick turnarounds commensurate to the dynamic demands of the investors are important. The Risk Manager should be sufficiently confident in their analyses to challenge the thinking of investment teams and present areas of concern or focus to additional Wellington stakeholders for further review. The Risk Manager would also be expected to mentor and guide junior members of the team such as Risk Analysts, Investment Science Associates, and interns.

The Risk Manager role requires a strong knowledge of Alternatives risk analysis spanning multiple asset classes such as equities, fixed income, commodities, and currencies with equities as the primary area of focus, gained from meaningful experience in institutional investment management and risk management. S/he should be continually apprised of investment trends, determine the risk implications beyond the individual portfolio level, and communicate the resulting risks across various investment platforms. The successful candidate will bring technical skill and knowledge, be adept at building collaborative working relationships with investment professionals and create a shared vision of the benefits of more risk-aware decision making. This is a hands-on role in terms of technical work, research, and working with data; the team performs much of its work in the firm's curated Python environment which incorporates a highly developed set of API's for risk analysis.

RESPONSIBILITIES
Responsibilities for this position will include the following:

• Engage with risk takers regularly, to help them understand their positioning and risks, ensuring that risks match conviction levels;
• Work closely with risk takers to challenge and help them identify opportunities for improvement on their investment philosophies and processes;
• Engage the team with market and portfolio risk insights, and participate actively in the Risk Meetings and dialogue on investment ideas;
• Ensure reports, dashboards, or other tools of the Risk Management process are properly executed and reviewed for accuracy, with outliers or areas of concern highlighted to team members of the team;
• Engage in the broader risk management activities of the firm, for example, developing a common risk platform across multiple asset classes and evaluating new risk taker candidates.
• Conduct ad-hoc research and analysis to address investor questions and support the engagements of Risk Management;
• Represent GRA and Alternatives investment teams, as appropriate, with key clients and consultants.

QUALIFICATIONS
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. S/he 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 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.

Additional key qualifications include:

• 7+ years' experience in long/short and long only equity portfolios analysis, risk management, and/or risk systems
• Knowledge and familiarity with other asset classes such as fixed income and commodities desirable
• Deep understanding of risk analytics and portfolio construction
• Proven ability to partner with investment talent effectively
• Previous experience as a risk taker would be advantageous
• Strong written, verbal and interpersonal communication skills
• Strong academic credentials: post-graduate degree and/or FRM/CFA/CAIA preferred

LOCATION
The Investment Risk Manager, Alternatives will be based in Wellington's Global Headquarters in Boston, MA.

#LI-AT1

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 100,000 - 225,000
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)

Job ID  R90714
ABOUT COMPANY
Boston, United States
3000 Employees Asset Management
Tracing our history to 1928, Wellington Management is one of the largest independent investment management firms in the world. We serve as a trusted a...
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