About Legacy Hedge:
Legacy Hedge is a new hedge fund guided by an entrepreneurial ethos, we combine cutting-edge strategies with a robust risk management framework to deliver exceptional results while maintaining operational excellence.
Position Overview:
We are seeking a seasoned Chief Risk Officer (CRO) to lead Legacy Hedge’s risk management function. The CRO will be responsible for monitoring and managing the fund’s risk exposure, ensuring compliance with predefined risk parameters, and safeguarding the fund’s financial stability. In the early stages, this role may be combined with the Chief Operating Officer (COO) role for a dynamic leader with a broad skill set.
Key Responsibilities:
- Risk Framework Development: Establish and maintain a comprehensive risk management framework aligned with the fund’s investment strategy and objectives.
- Risk Monitoring: Continuously monitor portfolio risk exposure, including market, credit, liquidity, and operational risks.
- Compliance Oversight: Ensure adherence to regulatory requirements and internal policies, providing regular updates to stakeholders.
- Stress Testing: Conduct scenario analysis and stress testing to evaluate the portfolio’s resilience under various market conditions.
- Collaboration: Work closely with the Portfolio Manager and investment team to align risk strategies with investment goals.
- Reporting: Prepare detailed risk reports for internal and external stakeholders, highlighting key exposures and mitigation strategies.
- Technology Integration: Leverage advanced tools and technology to enhance risk assessment and monitoring processes.
Qualifications:
- 7-10 years of experience in risk management, preferably within a hedge fund, investment bank, or asset management firm.
- Expertise in portfolio risk metrics, stress testing, and scenario analysis.
- Strong understanding of financial markets and asset classes, including equities, fixed income, and derivatives.
- Familiarity with regulatory frameworks and compliance requirements for hedge funds (e.g., SEC regulations).
- Advanced degree in finance, economics, mathematics, or a related field (CFA or FRM certification preferred).
- Exceptional analytical and problem-solving skills, with a proactive and detail-oriented approach.
- Strong communication skills, with the ability to articulate complex risk concepts to diverse audiences.
- Entrepreneurial mindset and ability to thrive in a fast-paced, dynamic environment.
What We Offer:
- Competitive compensation package, including performance-based bonuses.
- Opportunity to shape and lead the risk management function of a growing hedge fund.
- Collaborative and entrepreneurial work culture.
- Access to advanced technology and tools for risk assessment.
How to Apply:
Interested candidates are invited to submit their resume and a cover letter detailing their risk management experience and approach to: HR@legacyhedge.com.
Please include "Chief Risk Officer" in the subject line.
