About Magnetar
Magnetar is a leading, global alternative asset manager with over $17.5B AUM as of September 30, 2024. Grounded in nearly two decades of investing experience, we focus on delivering positive outcomes for our investors by seeking to generate consistent performance across a variety of market conditions through our core businesses: Alternative Credit and Fixed Income, Healthcare and Systematic Investing. We are based in Evanston, IL with additional offices in New York, and London.
Magnetar employees are among the best in the business at what they do. We attract highly skilled, dedicated professionals who enjoy collaborating and implementing innovative ideas. Our employees have an intense level of intellectual curiosity, a profound passion for our work and care deeply about delivering results for our investors, the firm and for each other. We work hard to foster an inclusive and welcoming environment where employees are empowered to thrive.
We are purposeful about investing in our employee’s health, well-being and firm culture. When you work at Magnetar, you will receive premier health care benefits, eligibility to enroll in a 401(K) savings program with employer match, unlimited PTO, lunch onsite, access to mental and physical wellness programs, the opportunity to participate in employee affinity groups with curated programming and networking events, and much more.
Position Overview
As a Jr. Risk Analyst, you will play a key role in supporting risk monitoring and reporting within the Alternative Credit and Fixed Income Business. The emphasizes of this role is focused on traditional risk analysis and reporting, and centered on managing credit and fixed income risk through hands-on, practical processes. This role is ideal for candidates seeking a career in risk management.
What You’ll Do
- Produce clear, accurate, and detailed risk reports using proprietary models.
- Identify and communicate significant changes in risk measures to the team, focusing on traditional risk factors.
- Work with software developers and risk team members to enhance risk tools.
- Collaborate with portfolio managers to develop models for credit and fixed income instruments.
- Perform data analysis to enhance the risk framework using established tools like Excel and SQL.
What You Won’t Do
This position does not include any responsibilities related to Artificial Intelligence, machine learning, or quantitative tasks.
Qualifications
- A bachelor’s or master’s degree in a quantitative field (Econ, Math, Statistics, Finance, CS)
- Knowledge of fixed income and credit instruments and trading strategies
- 1-2 years of work experience in financial markets with direct exposure to risk management
- Proficient knowledge of programming or scripting using Python or C#
- Strong proficiency in Excel and familiarity with SQL for data handling. No advanced programming or AI/ML knowledge is needed.
- Basic understanding of options pricing theory and hedging
- Disciplined self-starter with ability to make well-balanced decisions and solve problems under pressure
- Strong communication skills and the confidence to challenge existing methods
- CFA designation is a plus but not required
Disclaimer
The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.
