Senior Risk Manager

Arena Investors I Quaestor Advisors•New York, NY

About The Position

Arena Investors, LP is a global investment management firm that seeks to generate attractive risk adjusted, consistent and uncorrelated returns. We employ a fundamentals based, asset-oriented financing and investing strategy across the entire credit spectrum in areas where conventional sources of capital are scarce. Through originations and acquisitions of asset-oriented investments across a wide array of commercial and consumer asset types (including but not limited to private direct corporate and commercial real estate bridge lending), the investment team specializes in off-the-run, stressed, distressed, illiquid and esoteric special situation transactions. Arena’s investment team develops and designs investment structures to meet the unique needs of each opportunity. Arena is looking to expand the Risk Management Team through the addition of a Senior Risk Manager. In this role, this individual will report to the Chief Risk Officer of the team. The individual will have demonstrated an ability to work in a fast-paced, performance-driven environment with an ability to think broadly about the business, incorporating continual improvement of processes and procedures with a goal of excellence while focusing on accuracy and efficiency.

Requirements

7 – 10 years financial markets experience, with the last four years in a risk management function; previous trading experience a plus
Cross asset class experience with focus on credit (corporate and structured (e. g. CLOs, ABS including privates, tranching, diversity score, CDR, CPR)) and interest rates; distressed credit and bankruptcy experience a plus
In-depth understanding of a wide range of products including cash and derivatives products
Good understanding of 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
Bond math skills (duration, convexity, various spread calculations, options greeks)
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, especially Aladdin; coding experience a plus
The highest level of personal integrity and ethical standards.
A positive attitude and strong work ethic.
Strong attention to detail.

Nice To Haves

previous trading experience a plus
distressed credit and bankruptcy experience a plus
coding experience a plus

Responsibilities

Assisting CRO in managing Arena’s risks; focus is on the firm’s investment portfolios, which consist of the established distressed credit and special opportunities activities and the growing third-party insurance asset management
Monitoring and enforcing compliance with investment guidelines
Analyzing the portfolio’s risks, and proactively communicating with the investment team about these risks and how to improve the risk profile by considering market risk and risk capital
Identifying and highlighting hidden risks (basis risks, tail risks, implicit short volatility, leverage, illiquidity)
Thinking ahead and analyzing how certain economic, political, and regulatory developments as well as central bank actions may impact markets and the value of the portfolio; applying forward-looking scenario and shock analysis to identify the price impact and the portfolio’s sensitivities
Helping build out systems and technology infrastructure; developing risk monitoring and analysis tools