Risk Manager, Convertible Bond

The Firm seeks a Risk Manager to join its Risk Management team in New York. The successful candidate will oversee the independent risk management of convertible bond portfolios in the United States, Europe, and Asia.

Primary responsibilities include:

• Owning independent risk oversight: overseeing global convertible bond portfolios, with a clear view of exposures across delta, gamma, vega, credit spread, rates, borrow, financing, liquidity, and correlation.
• Analysing P&L and risk: analysing risk drivers, P&L attribution, hedging efficiency, scenario behaviour, and tail outcomes.
• Developing and overseeing risk guidelines: establishing guidelines for portfolio construction, concentration, liquidity, gap risk, financing, and drawdown. Ensuring mandates are defined, scalable, and consistently observed.
• Reviewing trade and portfolio construction: reviewing positions with close attention to bond terms, embedded optionality, capital structure, stock borrow, dividends, corporate actions, financing assumptions, and event risk. Assessing both directional and relative-value risk.
• Reviewing portfolio risk: working closely with portfolio managers to assess positions where risk may be mispriced, crowded, imperfectly hedged, or less aligned with mandate, liquidity, or market regime.
• Evaluating portfolio manager candidates: assessing prospective Portfolio Manager candidates by testing the strength of their process, risk discipline, hedging approach, portfolio construction, and historical returns.
• Improving risk infrastructure: enhancing the Firm's models, systems, and reporting for convertible bond risk. Working with quantitative researchers and technologists to improve valuation, stress testing, exposure decomposition, and real-time reporting.
• Communicating with precision: presenting key exposures, stress results, and changes in market structure clearly to senior leadership and investment teams.
• Monitoring global market developments: tracking issuance, liquidity, market structure, and regional differences in the U.S., Europe, and Asia that may affect risk-taking and portfolio construction.