What are the responsibilities and job description for the Risk Manager - Corporate Credit position at Hudson River Trading?
Hudson River Trading is hiring a Corporate Credit Risk Manager for our NYC office. You will be responsible for designing, improving, managing, and communicating market and liquidity risk for corporate credit-related instruments and strategies. You will own and manage all aspects of credit trading risk faced by the firm, while gaining exposure to the fast-paced world of automated trading and exceptionally talented people from all aspects of the business.
The Risk team is a dynamic, highly collaborative group. As our first Corporate Credit Risk Manager, you will have a real impact on a new growth area of HRT’s business. This will be a challenging role with a wide remit across multiple asset classes and investment horizons.
Responsibilities
- Design new risk controls for corporate credit trading strategies that appropriately control market, operational, funding and liquidity risk without disrupting trading activity
- Monitor market, operational, and liquidity risk, and work with Execution Trading to take remedial measures in case of a breach
- Understand and advise senior management on the nuances of newly-deployed systematic and semi-systematic credit trading strategies
- Perform tail risk and stress testing analysis
- Analyze historical measures in order to calibrate thresholds
- Onboard new strategies, assess the relevant risks to the firm, and implement appropriate risk metrics
- Investigate the source of risk limit breaches and coordinate with operations and trading teams to resolve them
- Assist in designing new tools for online performance
- Evaluate bespoke trading opportunities
- Work on tactical projects with Finance, Operations, and Engineering
Qualifications
- B.S. in Mathematics, Physics, Economics, Computer Science, Electrical Engineering or Statistics
- 5-10 years of experience as a Risk Manager focused on credit trading strategies. Trading experience in credit is a plus
- Experience working in an investment bank, hedge fund, or asset manager required
- Knowledge of market making and long/short credit trading strategies is critical. Understanding of capital structure arbitrage or cross-asset class trading preferred, but not required
- Working knowledge of Python, Linux, SQL 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 $200,000 to $300,000. 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/or other benefits.
Salary : $200,000 - $300,000
