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New $2Bil+ Private Equity/Credit Fund based in NYC seeks a Chief Risk Officer to build out, identify and manage the investment risks faced by the firm and ensure that the measurement and reporting of those risks are accurate. The firm will be investing in PE, real estate, infrastructure, credit/distressed credit, alternatives.
The responsibilities will include the following:
- Work closely with the CEO, CIO,CTO and your team of risk analysts to develop firm-wide and cross-asset risk management framework. -Analyze and assess risks of complex financial transactions. -Lead the design and implementation of risk systems and reports that concisely summarize model results. -The CRO needs to understand macro level risk, micro level risk, factor risk models, time series & stochastics, regression models, monte-carlo simulations, factor based and product based stress testing. -Needs to understand ROIC, VAR. -Needs to be extremely adept with different products – as we hedge risk we do not intend to take – needs to know the difference between "perceived and actual risk", what is hedgeable and not, what can be done synthetically and not tie up cash or how to use options, swaps and other strategies that are cash neutral. -Be able to work with automated systems that capture low latency quant flow, ETN & ETF flows which cause distortions in prices. Needs to be able to determine counterparty risk, execution risk, tail risk and stress test all scenarios. -Needs to work with DOR on assessing opportunity cost of capital, expected returns, cash on cash returns. -Familiar with illiquid assets and ways to set up processes to achieve liquidity if needed, can run probability scenarios and can be independent voice of when risk/reward skew balance has changed and understand costs + illiquidity cost vs confirmation and stagnation biases. -Must be familiar with behavioral finance, and tendencies. -Must understand esoteric products – work with strategy team In order to hedge as much as possible on a cashless basis – using futures, collars, synthetically, CDS, etc. -Feel comfortable with bespoke products, and extremely diversified portfolio that ranges from listed equities to project finance. -Must understand rate arbitrage, opportunity cost of capital and be able to score execution risk. -Work with data scientists, programmers, developers and engineers on new business and product development, risk system specifications and limitations, designs, project management, quality assurance and controls, bug fixes and errors, statistical anomalies.
-Minimum of 10 years of experience working for a major hedge fund, private equity fund in risk management. -MSc or PhD in a quantitative field. -At least 10 years of experience modeling the risk of complex portfolios of financial instruments, private equity. -Experience in building from scratch, a risk management operation -Experience managing a team -Excellent communication skills ( the individual will act as a liaison between researchers, analysts, operations, technology and the CEO/CIO, and will be required to represent the firm externally, as needed) -Programming experience ( Python, C++ Unix/Linux, R, C#, etc) -Willingness to be hands-on, to analyze data, mange databases and generate reports.
Internal Number: 4086838
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