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Senior Quantitative Risk Manager - Fixed Income
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
OppenheimerFunds is seeking a quantitative risk manager within the Risk Management department focusing on fixed income investment risk and statistical research. The ideal candidate has a PhD in a quantitative discipline and 5-10 years of experience in portfolio management or risk management.
This role will involve significant collaboration with the portfolio management and trading teams. The candidate must possess an ability to synthesize technical innovations in financial engineering and data science into practical, understandable applications for use by the risk management and portfolio management groups. The candidate must also have a deep command of econometric methods and their use in determining the factors driving asset returns and investment performance. Strong communication skills will be needed to interpret and explain the output of our models to a broader audience. This role may also involve some managing and mentoring of more junior analysts in the group.
Responsibilities include:
• Display a firm, independent and “client-centric” voice advocating for appropriate levels of investment risk that are consistent with product objectives.
• Develop a collaborative partnership with our investment, product management and distribution teams.
• Deliver demonstrable improvements to our investment processes, and investment risk insights to our portfolio management teams.
• Increase the consistency and sophistication of the risk management process.
• Articulate potential future risks, particularly those that are unprecedented but plausible.
• Provide thought leadership on empirical methods and risk measurement techniques.
• Explain the key risk exposures that drive investment performance for our products and those of our competitors.
• Partner with our Legal, Compliance, Operations and Technology teams on broader firm initiatives such as those related to our data infrastructure or to regulatory reform.
Qualifications
• Graduate degree in quantitative discipline (Statistics, Econometrics, Mathematics, Finance).
• Demonstrated understanding of the statistical and theoretical issues surrounding the joint measurement and estimation of volatilities, correlations, tail risks and marginal/component analysis of variance.
• Demonstrated record of designing, estimating and implementing risk related statistical models.
• Advanced knowledge of the fixed income markets and their associated derivative instruments; this includes cash bonds, local currency debt, credit default swaps, currencies, and options on rates, currencies and variance.
• Programming knowledge including R, Python, SQL and Excel/VBA.
• Experience with portfolio optimization a plus.
• Experience with RiskMetrics a plus.
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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.