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Investment Risk Intern
OppenheimerFunds
New York, NY, United States
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Company Description
OppenheimerFunds values the talented and diverse workforce we've cultivated over the years. Our nearly 60-year history includes a strong tradition of providing innovative investment ideas and a world-class experience for the individuals, institutions and financial advisors we serve. Our strong foundation is built on collaboration, creativity, and the extraordinary people who play an integral role in our success every day.
Job Description
OppenheimerFund’s Risk Management Group (RMG) performs the firm’s risk management activities and quantitative analysis functions. RMG’s principal responsibility is to ensure that the risks in the portfolios managed by OppenheimerFunds, Inc. are fully understood by our portfolio managers and consistent with our client’s objectives; and to know the risks by thoroughly understanding the investments and providing the best analytics and tools. The group helps portfolio managers apply sophisticated techniques for portfolio construction. RMG also contributes to the creation of novel analytics. RMG also assists in identifying and managing operational, regulatory and counterparty risk throughout the firm. RMG team members will be charged with solving real world problems in the investment management process working under the direction of senior risk managers.
Job Purpose/Background:
The RMG team provide an independent and trusted perspective to OppenheimerFunds, Inc.’s Portfolio Management Group and senior management on risk modeling, markets and portfolio construction. The successful candidate will be responsible for the risk management of investment portfolios and the development of state-of-the art analytical tools for the GMAG (Global Multi-Asset Group) investment team. They will also have significant exposure to senior management across the organization. The principal responsibilities include:
• Working with senior risk managers to help ensure that the risks are fully understood by Portfolio
• Management and are consistent with our client's objectives and risk constraints.
• Helping business risk manage client portfolio implementation, identify portfolio outliers and develop cutting edge techniques using AI to improve risk management process
• Supporting the creation, production and delivery of supervisory and managerial reports pertaining to risk management and performance attribution.
• Performing ad-hoc reporting and analyses to help address real-time demands of senior members of the team.
• Applying statistical techniques to analyze portfolio risk taking and relevant market trends
• Employing a creative approach to evolving risk monitoring and modeling techniques
Qualifications
• Hold first class degrees in mathematics, quantitative finance, economics, econometrics or other mathematical discipline
• Demonstrate passion for financial markets, risk management and be inquisitive about the application of analytical techniques to understand them
• Display strong written/oral communication and outstanding interpersonal skills
• Have experience in R, Python, VBA, SQL with proficiency
• Be highly organized and proactively respond to the needs of the business, often under tight deadlines
• Understanding of factor risk modeling techniques
• Previous AI and machine learning project experience is a plus
• Bring new ideas to the team and apply innovation to enhance all
Additional Information
We are a dynamic firm that values teamwork and collaboration, and true to our history, we encourage independent thinking and provide ample opportunities for our people to stand out and make a difference. With offices in New York, Denver, Rochester and Dallas, we work hard to turn our unconventional wisdom into value for investors and pursue excellent results for ourselves and our firm. Learn more about the culture and opportunities at OppenheimerFunds here: https://careers.oppenheimerfunds.com
OppenheimerFunds and its subsidiaries and affiliates provide equal employment opportunity to all qualified individuals without regard to age, color, disability, gender, marital status, national origin, race, religion, sexual orientation, gender identity and expression, physical or mental disability, genetic predisposition or carrier status, veteran status, or any other characteristic protected by law in all employment functions including recruitment, evaluation, selection, promotion, compensation, benefits, training, and termination of employment.
Note that this posting is intended for individual applicants. Search firms or agencies should visit our vendor management partner at http://www.recruitalliance.com for more information about doing business with OFI.