Verition Fund Management LLC ("Verition") is a multi-strategy, multi-manager hedge fund founded in 2008. Verition focuses on global investment strategies including Global Credit, Global Convertible, Volatility & Capital Structure Arbitrage, Event-Driven Investing, Equity Long/Short & Capital Markets Trading, and Global Quantitative Trading.
Job Title: Equity Long Short Risk Manager
Location: New York, NY
Key Responsibilities:
* Strategy coverage: Equity Long Short
* Continuously monitor portfolio exposures, stress test scenarios and evaluate risk metrics
* Undertake position and portfolio oversight - concentration, leverage, liquidity, correlation etc across equity positions and strategies
* Work closely with PMs and other stakeholders including risk teams to align risk management processes with investment objectives
* Lead all PM interviews for all Long Short Equity PM candidates
* Ensure adherence to risk limits and internal policies
* Provide regular and adhoc reports to senior mgmt, investment committee and stakeholders
* Model validation and enhancement - working closely with Equity Portfolio Researcher and Central team
* Team management - improving bench-strength, continuous team development and general team management
Requirements:
* Minimum 8 years' relevant risk mgmt experience in financial sector with a focus on equity markets, ideally in a multi-strategy HF, investment bank or asset mgmt firm
* Experience building factor hedge baskets and building an optimizer
* Demonstrated ability and proven track record of working closely with businesses and to lead/mentor other risk team members
* Exceptional ability to articulate complex risk concepts to diverse stakeholders
* Deep understanding of risk measures and market conventions
* Willingness and desire to be hands-on and roll-up sleeves role
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What We Do
Verition Fund Management LLC (“Verition”) is a multi-strategy, multi-manager hedge fund founded in 2008. Verition focuses on global investment strategies including Credit, Fixed Income & Macro, Convertible & Volatility Arbitrage, Event-Driven, Equity Long/Short & Capital Markets, and Quantitative Strategies. Talent is the lifeline of Verition's success. Our culture encourages individuals to communicate openly across all strategies and businesses, and we believe there is alpha in integration. We strive to empower our Investment Professionals to act like business owners by making decisions based on a combination of rigorous analysis and an open, creative mindset. We have locations in Greenwich, CT, Norwalk, CT, New York, NY, London, UK, Singapore, Republic of Singapore, DIFC, Dubai (United Arab Emirates) and an affiliate office in Hong Kong (SAR), China. Verition has an institutional quality infrastructure with a team of over 500 investment/risk and non-investment professionals. Verition is always seeking ambitious and entrepreneurial individuals that can be impactful and help to drive differentiated returns. To learn more, please contact us for information at: [email protected]
