Risk Manager

1 month ago


Dubai, United Arab Emirates Laz Partners Full time

Role Overview

We have partnered with a fast-growing alternative investment manager based in Dubai to hire their first Risk Manager for their recently launched hedge fund unit. This newly created role is pivotal to building and implementing a best-in-class risk management framework, ensuring robust monitoring and mitigation of risks across multiple strategies, including Equity Long/Short, Fixed Income, and Commodities.

Reporting directly to the CIO, the successful candidate will take ownership of developing the risk infrastructure from the ground up in a greenfield environment. The position offers a clear growth path, with the potential to evolve into a Chief Risk Officer (CRO) role as the hedge fund expands.

Key Responsibilities

  • Design, implement, and maintain the risk management framework, including systems, processes, and reporting tools tailored to the hedge fund unit.
  • Collaborate with the technology team to integrate and optimize risk management systems within the firm’s PMS/OMS (currently evaluating Infusion).
  • Develop and maintain analytics for assessing Value at Risk (VaR), stress testing, and scenario analysis across diverse strategies, including Equity Long/Short, Fixed Income, FX, commodities, and derivatives.
  • Partner with Portfolio Managers to provide proactive risk assessments and ensure comprehensive risk monitoring.
  • Address risk management queries during onboarding with prime brokers and potential clients, effectively communicating the fund’s risk practices. 
  • Work closely with senior leadership, including the CIO, to provide actionable insights and ensure alignment with the firm’s risk appetite.
  • Identify resourcing needs and assist in building a dedicated risk management team as the fund grows.

Requirements & Qualifications

  • Experience: 5-10+ years in a risk management role at a hedge fund, alternative asset manager, or investment manager, ideally as a #2 or #3 on a risk team.
  • Technical Expertise: Deep understanding of linear and non-linear instruments, with experience across multi-strategy environments (Equity Long/Short experience is essential).
  • Systems Knowledge: Familiarity with portfolio management systems (e.g., Infusion) and risk metrics such as VaR, stress testing, and scenario analysis.
  • Analytical Acumen: Strong quantitative skills with the ability to apply them to real-world risk scenarios.
  • Strategic Insight: Proven ability to work closely with PMs and senior stakeholders to analyze and mitigate risks in dynamic environments.
  • Communication Skills: Excellent verbal and written communication skills, particularly in presenting risk assessments to internal leadership and external parties.
  • Cultural Fit: Entrepreneurial mindset with a willingness to build and innovate within a growing hedge fund environment.

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