Hudson River Trading is a multi-asset class quantitative trading firm.
(more about Hudson River Trading)Risk Manager - Equities
Hudson River Trading is hiring an Equities Risk Manager for our NYC office. You will be responsible for designing, improving, managing, and communicating market and liquidity risk for intraday to long term relative value equity strategies. You will collaborate closely with the risk and trading teams to manage all aspects of equities trading risk, while gaining exposure to the fast-paced world of automated trading alongside exceptionally talented people.
The Risk team is a dynamic, highly collaborative group. As an Equities Risk Manager, you will have an opportunity to impact a highly successful business within HRT that is continuing to innovate and expand. This will be a challenging role with a wide remit across trading styles and investment horizons.
Responsibilities
- Design new risk controls for equity arbitrage strategies (intraday to long term) that appropriately control market, operational, funding and liquidity risk without disrupting trading activity
- Real-time monitoring of intraday risk limits
- Investigate the root cause of risk limit breaches and coordinate with operations and trading teams to resolve them
- Analyze historical measures in order to calibrate thresholds
- Identify gaps in the monitoring of both market and operational risk, and collaborate with Operations to develop and implement new risk monitoring tools
- Investigate and onboard proposed strategies; assess relevant risks to the firm and implement appropriate risk metrics
- Evaluate bespoke trading opportunities
- Work on tactical projects with Finance, Operations and Engineering teams
Qualifications
- B.S. in mathematics, physics, economics, computer science, electrical engineering or statistics
- 3+ years of experience as a risk manager focusing on equity arbitrage trading at an investment bank, hedge fund, proprietary trading firm or asset manager
- Solid understanding of equity risk models and equity portfolio risk
- Working knowledge of equity arbitrage strategies such as event-driven strategies, intraday arbitrage trading, and other equity hedge fund strategies
- Professional programming experience is required (Python preferred)
- Ability to communicate effectively with stakeholders across the firm including traders, operations, and other risk managers
- Excellent written and verbal communication skills
Annual base salary range of $150,000 - 250,000. Pay (base and bonus) may vary depending on job-related skills and experience. A sign-on and discretionary performance bonus may be provided as part of the total compensation package, in addition to company-paid medical and other benefits.
Culture
Hudson River Trading (HRT) brings a scientific approach to trading financial products. We have built one of the world's most sophisticated computing environments for research and development. Our researchers are at the forefront of innovation in the world of algorithmic trading.
At HRT we welcome a variety of expertise: mathematics and computer science, physics and engineering, media and tech. We’re a community of self-starters who are motivated by the excitement of being at the cutting edge of automation in every part of our organization—from trading, to business operations, to recruiting and beyond. We value openness and transparency, and celebrate great ideas from HRT veterans and new hires alike. At HRT we’re friends and colleagues – whether we are sharing a meal, playing the latest board game, or writing elegant code. We embrace a culture of togetherness that extends far beyond the walls of our office.
Feel like you belong at HRT? Our goal is to find the best people and bring them together to do great work in a place where everyone is valued. HRT is proud of our diverse staff; we have offices all over the globe and benefit from our varied and unique perspectives. HRT is an equal opportunity employer; so whoever you are we’d love to get to know you.