In this role, you will be directly reporting to the Chief Risk Officer, who is responsible for overseeing and managing the organization's risk management framework. This position requires close collaboration with the Chief Risk Officer, where you will provide vital insights and contribute to strategic decision-making processes related to risk assessment. Your work will be integral to ensuring that the organization's risk policies and practices are effectively implemented and adhered to across all departments.
Job Responsibilities:
- Assist CRO in managing Arena’s risks; main focus on the firm’s investment portfolio, which consists of the established distressed credit and special opportunities activities and the growing third-party asset management
- Monitor and enforce compliance with investment guidelines
- Analyze the portfolio’s risks and proactively communicate with the investment team about these risks and how to improve the risk profile
- Identify and highlight hidden risk (basis risks, implicit short volatility, leverage, illiquidity)
- Think ahead and analyze how certain economic, political, and regulatory developments as well as central bank actions may impact markets and the value of the portfolio; apply forward-looking scenario and shock analysis to identify the price impact and the portfolio’s sensitivities
- Build out systems and technology infrastructure; develop risk monitoring and analysis tools
- 8 – 15 years financial markets experience, with the last 5 years in a risk management function; previous trading experience a plus
- A Bachelor's degree from an accredited institution is required.
- Cross asset class experience with main focus on credit (corporate and structured (e. g. CLOs, CMBS)) and rates; distressed credit and bankruptcy experience a plus
- In-depth understanding of a wide range of products including cash and derivatives products
- Good understanding the risk dynamics of an entire portfolio including its convexity profile
- In-depth familiarity with basis risks, leverage, and illiquidity, including the ability to identify these risks early and to judge the potential impact on prices and the investment team’s ability to transact
- Solid understanding of global macro matters: central banks, economic developments, global capital flows, and their impact on financial markets
- Familiar with international markets
- Experienced in creating and interpreting scenario and stress test analysis including tailor-made stresses ahead of specific market events
- Knowledgeable about counterparty and operational risks
- Strong communication skills; able and willing to communicate with the investment team, investors, external business partners, and regulators
- Strong quantitative skills
- Familiar with portfolio and risk management systems; coding experience a plus
- Health Care Plan (Medical, Dental & Vision)
- Retirement Plan (401k, IRA)
- Life Insurance (Basic, Voluntary & AD&D)
- Paid Time Off (Vacation, Sick & Public Holidays)
- Family Leave (Maternity, Paternity)
- Short Term & Long Term Disability
- Training & Development
- Hybrid Schedule
- Free Food & Snacks
- Wellness Resources
