Risk Manager – Developed Market Rates recruitment
Black River Asset Management (Black River) is a global alternative asset management firm providing hedge fund and private equity solutions to institutional investors. Formed in 2003, we are an independently managed subsidiary of Cargill, one of the world's largest providers of food, agriculture and industrial products and services.
We currently have approximately $5B assets under management, 12 offices in 10 countries and more than 25 years of worldwide investment experience. Our investment team is a seasoned group of more than 80 portfolio managers and analysts. Because of their in-country presence, our local market experts provide exceptional insight into emerging economies, allowing us to take advantage of new opportunities and trends.
Our track record is built on core competencies in fixed income and equity relative value, commodity and emerging markets trading and investing. Capitalizing on our extensive international network and relationship with Cargill, we combine broad perspectives with focused strategies to deliver portfolio diversification and absolute returns.
This Risk Management role is focused on providing value-added, risk management solutions to support Black River’s Developed Rates trading activity. Primary responsibilities include reviewing daily quantitative risk metrics and exposures, providing timely and insightful qualitative assessments on the risk profile of the fund, and highlighting key risks and or concentrations to the Chief Investment Officer and the Senior Portfolio Manager. This role will also be an integral part of Black River’s broader Risk Management Team. Active collaboration and cross pollination of risk management practices and ideas is expected and encouraged among Black River’s Risk Managers.
This role will be in our Minneapolis office.
Principal Accountabilities:
- Provide timely quantitative and qualitative risk management solutions supporting the Developed Rates Trading activity
- Contribute deep insight into assets and strategies, synthesize risks and help model outcomes so that the unexpected can be anticipated
- Perform ad hoc analysis and stress scenarios as market conditions and/or portfolio concentrations dictate.
- Contribute to the growth and evolution of the Risk Management process within Black River
- Oversee Risk Management-related Investor due diligence inquiries
- Oversee and manage dedicated developed rates risk analyst
- Administration and enforcement of enterprise risk limits.
QUALIFICATIONS:
Required:
- Bachelors Degree
- 10+ Years experience acting in a portfolio management/risk management capacity for a fixed-income trading business
- Strong working knowledge in the calculation, interpretation, and application of fixed-income risk metrics
- Ability to perform detailed analysis at the trade and position level without losing perspective of the overall risk profile of the portfolio
- Expertise and confidence in identifying and constructively challenging significant risk concentrations
- Independent thinker capable of designing meaningful and relevant stress scenarios that challenge the market views and biases of the portfolio managers and CIO
- Drive and desire to continue the evolution of the risk management role beyond a compliance function and to further enhance a value-added role that benefits Black River and ultimately our investment partners
- Strong written and verbal communication skills with the ability to effectively communicate complicated concepts to audiences possessing a wide spectrum of technical expertise
- Previous supervisory experience
Preferred:
- Specific trading/risk management experience in fixed-income relative value strategies
- Working knowledge of standard analytical and transaction systems such as Polypaths, Orchestrade and Bloomberg.