Risk Manager (Multi-Strategy Hedge Fund)

Risk Manager (Multi-Strategy Hedge Fund)

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Posted: 4 days ago | Type: Hybrid Job | Contract: Permanent | Salary: Very Competitive

We have partnered with a fast-growing alternative investment manager based in Dubai to hire their first Risk Manager for their recently launched hedge fund unit. This newly created role is pivotal to building and implementing a best-in-class risk management framework, ensuring robust monitoring and mitigation of risks across multiple strategies, including Equity Long/Short, Fixed Income, and Commodities.

Reporting directly to the CIO, the successful candidate will take ownership of developing the risk infrastructure from the ground up in a greenfield environment. The position offers a clear growth path, with the potential to evolve into a Chief Risk Officer (CRO) role as the hedge fund expands.

Key Responsibilities

1. Design, implement, and maintain the risk management framework, including systems, processes, and reporting tools tailored to the hedge fund unit.
2. Collaborate with the technology team to integrate and optimize risk management systems within the firm’s PMS/OMS (currently evaluating Infusion).
3. Develop and maintain analytics for assessing Value at Risk (VaR), stress testing, and scenario analysis across diverse strategies, including Equity Long/Short, Fixed Income, FX, commodities, and derivatives.
4. Partner with Portfolio Managers to provide proactive risk assessments and ensure comprehensive risk monitoring.
5. Address risk management queries during onboarding with prime brokers and potential clients, effectively communicating the fund’s risk practices.
6. Work closely with senior leadership, including the CIO, to provide actionable insights and ensure alignment with the firm’s risk appetite.
7. Identify resourcing needs and assist in building a dedicated risk management team as the fund grows.

Requirements & Qualifications

1. Experience: 5-10+ years in a risk management role at a hedge fund, alternative asset manager, or investment manager, ideally as a #2 or #3 on a risk team.
2. Technical Expertise: Deep understanding of linear and non-linear instruments, with experience across multi-strategy environments (Equity Long/Short experience is essential).
3. Systems Knowledge: Familiarity with portfolio management systems (e.g., Infusion) and risk metrics such as VaR, stress testing, and scenario analysis.
4. Analytical Acumen: Strong quantitative skills with the ability to apply them to real-world risk scenarios.
5. Strategic Insight: Proven ability to work closely with PMs and senior stakeholders to analyze and mitigate risks in dynamic environments.
6. Communication Skills: Excellent verbal and written communication skills, particularly in presenting risk assessments to internal leadership and external parties.
7. Cultural Fit: Entrepreneurial mindset with a willingness to build and innovate within a growing hedge fund environment.