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Multi-Asset Risk Manager, Investment Risk

Employer
myGwork
Location
London, United Kingdom
Salary
Competitive Salary
Closing date
Feb 13, 2024

View more

Job Role
Financial Accountant
Sector
Finance
Contract Type
Permanent
Hours
Full Time
There is a place for you at T. Rowe Price to grow, contribute, learn, and make a difference. We are a premier asset manager focused on delivering global investment management excellence and retirement services that investors can rely on today and in the future. The work we do matters. We invite you to explore the opportunity to join us and grow your career with us.

PRIMARY PURPOSE OF THE POSITION

The Multi-Asset Risk Manager position is an integral role within T. Rowe Price's independent Investment Risk team that is accountable for identifying, measuring, monitoring, communicating, and helping to mitigate (when warranted) risks impacting portfolios managed by the firm's Multi-Asset division, which has assets under management of $462B as of November 30, 2023. These portfolios include positions in equity, fixed income, and alternative assets implemented through both cash and derivative market instruments.

The Multi-Asset Risk Manager role reports to the Director, Multi-Asset Risk, who leads the global Multi-Asset Risk function, and is expected to collaborate on a regular basis with other risk analysts and managers both within the Multi-Asset Risk team as well as more broadly across Investment Risk.

To be successful, the Multi-Asset Risk Manager must:
  • Be able to accurately evaluate risks under both normal and stressed market conditions using both vendor and proprietary tools;
  • Apply multi-factor risk models, stress testing/scenario analysis, and tail risk measures;
  • Have strong programming skills to enable: expedient problem solving, the development of solutions that can be scaled across numerous portfolios, and the development of proprietary risk measurement approaches and mitigation strategies; and
  • Be able to clearly summarize analyses and results for both quant and non-quant audiences, which may include investment committees, portfolio managers, solutions strategists, clients, and consultants.

The Multi-Asset Risk Manager will have the opportunity to influence new risk dashboards and tools as well as provide commentary for investment teams and other key audiences in the management and distribution of multi-asset portfolios. This role will primarily focus on multi-asset portfolios managed in the APAC and EMEA regions and play an important part in the growth and oversight of this business.

PRINCIPAL RESPONSIBILITIES

•Day-to-day Risk Management Activities: Support the multi-asset risk program with the day-to-day identification, measurement, monitoring, and communication of risks in multi-asset portfolios. This includes the following activities: working with the Investment Risk Analytics team on account setups in the risk platform, monitoring portfolios for changes in their risk profiles, performing portfolio stress tests based on both hypothetical and historical scenarios, analyzing the interaction between sub-portfolios that act as building blocks and the overall multi-asset class portfolio, preparing materials for risk meetings and conducting follow-up analysis, and collaborating with investment staff in Multi-Asset on managing portfolio risk. Market monitoring will be needed to stay abreast of significant developments and to inform stress testing and scenario analysis. Programming skills will be needed to efficiently access, analyze, and report on risk analysis results.

•Extension of Risk Modeling Methodologies & Tools: Prototype and develop risk modeling methodologies and tools to extend upon the core platform provided by MSCI for the identification and measurement of risks within and across investment portfolios. Activities will include tasks related to the development of methodologies and the specification of data needed for risk modeling as well as for inclusion in reports and dashboards. Development and testing will be coordinated with the Multi-Asset Risk team and will include collaboration with associates in Multi-Asset and Global Technology. Programming will be required to prototype calculation engines and provide proof of concept.

•Ad-hoc Quantitative Analysis: Perform ad-hoc quantitative analyses in response to unique requests. Contribute to the development of new products and investment solutions for clients by consulting with Multi-Asset's investment and research teams on the risk profile of proposed multi-asset portfolios.

•Communication of Risks: Communicate about market risk to audiences outside of Investment Risk, as appropriate. Prepare written and verbal commentary based on risk analysis results to portfolio managers, solutions strategists, and other members of the investment team. Deliver written responses and presentations to clients, prospects, consultants, as needed, to support various distribution channels.

QUALIFICATIONS

Required

•A passion for risk management and a demonstrated interest in financial markets through work experience and outside activities

•Bachelor's degree in a quantitative field such as quantitative finance, statistics, applied mathematics, operations research, engineering, or computer science

•A minimum of three years of relevant investment risk management or portfolio risk analytics experience

•A thorough understanding of multi-factor risk modeling in a multi-asset risk or a fixed-income risk setting using fundamental, technical, and economic risk factors

•Knowledge of derivatives pricing and risk modeling

•Programming experience in Python, R, or MATLAB

•Experience developing dashboards in Power BI or similar data visualization package

•Strong quantitative and analytical skills

•Excellent communicator with the ability to explain complex ideas clearly and confidently to non-technical/non-quantitative audiences

•Strong interpersonal skills

•Ability to prioritize and handle dynamically changing work requirements in a fast-paced environment

•Results-driven mindset

•High standards of work quality and integrity

•Strong organizational skills

•Enjoy working as part of a team in a collaborative environment

•Intellectually curious with a commitment to continuous learning

Preferred

•Postgraduate degree in a quantitative field

•Completion or progress towards professional accreditations such as CFA, FRM, PRM, or CAIA

•Multi-Asset risk experience at a buy-side asset management firm

•A practical understanding of the use of derivatives in investment strategies

•Experience using MSCI's Barra One platform for multi-asset class risk modeling and stress testing

•Experience using MSCI's Risk Manager platform for VaR, stress testing and scenario analysis

Commitment to Diversity, Equity, and Inclusion:

We strive for equity, equality, and opportunity for all associates. When we embrace the power of diversity and create an environment where people can bring their authentic and best selves to work, our firm is stronger, and we create greater value for our clients. Our commitment and inclusive programming aim to lift the experience for each associate and builds allies for our global associate community. We know that a sense of belonging is key not only to your success at the firm, but also to your ability to bring your best each day.

T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, colour, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.

This employer is a corporate member of myGwork - LGBTQ+ professionals, the business community for LGBTQ+ professionals, students, inclusive employers & anyone who believes in workplace equality.

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