A Global Macro Hedge Fund ($3b AUM) is looking to bring on a Chief Risk Officer. The fund started in 2011, Houston based, trading futures and options on the US Energy market with a focus on Natural Gas, Ags, and Metals. They began as more of a CTA and have evolved now into a true global macro strategy fund. The cover Rates, FX, Commodities, relative value directional, macro, and discretionary macro. They are heavy into FICC but want to truly compete with the multi strategy space and have expanded LOBs exponentially in the last few years.
On the discretionary side they cover emerging markets and global macro. They have grown from 1 portfolio manager 12 years ago to 15 portfolio managers now in 2023. They want the CRO to primarily work with PMs on asset allocation/performance attribution while building out their risk framework. They have limits in place but want to bring in someone with the ability to retool and enhance it. They're ideally looking for someone that can help with developing models as well but that won't be a major component, ideally someone coming from a major shop that really understands risk and has a solid macro background.
The role will be hands on, working directly with PMs on asset allocation and performance attribution. From a responsibility standpoint:
- Risk Strategy - build out a risk framework aligned with the funds goals
- Conduct risk assessments to ID and evaluate risks across investments i.e. operational, regulatory, strategic risks
- Develop risk mitigation strategies to minimize potential losses and maximize risk adjusted return
- Present risk reports to the broader exec committee, board, stakeholders
- 10+ year's experience at a major platform
- Extensive experience in risk, with a strong preference coming from a major multi strategy hedge fund
- Masters or PhD in Mathematics, finance, risk
- Strong quantitative skills - can develop risk models in Python, C++, or R
- Expereince leading a risk management team and building an effective risk framework