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- Tasks: Join our team to manage risks in discretionary trading and collaborate with researchers and traders.
- Company: Squarepoint is a leading firm in discretionary trading, focused on global growth and innovation.
- Benefits: Enjoy competitive salary, bonuses, health plans, and 401(k) contributions.
- Why this job: Kickstart your career in Risk Management with a dynamic team and world-class research resources.
- Qualifications: Bachelor’s degree in a quantitative field; up to 3 years of experience preferred.
- Other info: Ideal for those passionate about risk management and eager to thrive in a fast-paced environment.
The predicted salary is between 36000 - 60000 £ per year.
We are looking for a Junior Risk Manager to join our expanding discretionary team. This is a unique opportunity to help further develop Squarepoint’s discretionary trading business worldwide. As a member of our team, you will be responsible for implementing a structured risk management culture, ensuring a sound and stable operation of the business via the implementation of processes and controls to ensure that risks (market risks, operational risk, conduct risk, etc.) are properly managed and contributing to the overall growth of the fund. You will liaise and collaborate closely with our researchers and traders while leveraging our world class research platform. If you are looking to begin your career in Risk Management, we encourage you to apply.
Position Overview
- Identify and evaluate risk associated with discretionary trading strategies.
- Collaborate with Quantitative Researcher and Traders on the strategies analysis.
- Ensure the strategies are run within the risk allocation defined by the Investment Committee.
- Analyze risk at the portfolio level and performance drivers.
- Help with trade portfolio construction across the discretionary business.
- Drive the build out of Squarepoint risk framework by improving the firm's processes and infrastructure for management of the discretionary business.
Required Qualifications
- Bachelor’s degree in a quantitative or related field (includes degrees in Mathematics, Statistics, Econometrics, Financial Engineering, Operations Research, Computer Science and Physics); advanced degree preferred.
- From graduate level up to 3 years of commercial experience.
- Demonstrated interest in Risk Management.
- Demonstrated interest in a quantitative approach.
- Capacity to collaborate with the trading, analysts and quants team.
- Strong communication skills with the ability to collaborate with teammates globally.
- Strong sense of urgency with the ability to work well in a fast-paced environment.
The minimum base salary for this role is $60,000 if located in New York. This expectation is based on available information at the time of posting. This role may be eligible for discretionary bonuses, which could constitute a significant portion of total compensation. This role may also be eligible for benefits, such as health, dental, and other wellness plans, as well as 401(k) contributions. Successful candidates’ compensation and benefits will be determined in consideration of various factors.
Junior Risk Manager employer: Squarepoint Capital
Contact Detail:
Squarepoint Capital Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Junior Risk Manager
✨Tip Number 1
Familiarise yourself with the latest trends in risk management, especially in discretionary trading. Understanding current market dynamics and risk assessment techniques will help you engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the risk management field. Attend industry events or webinars to connect with people who work at Squarepoint or similar firms. This can provide insights into the company culture and potentially lead to referrals.
✨Tip Number 3
Brush up on your quantitative skills, as they are crucial for this role. Consider working on projects or case studies that involve risk analysis or portfolio management to demonstrate your capabilities in practical scenarios.
✨Tip Number 4
Prepare to discuss how you would implement a structured risk management culture. Think about specific processes or controls you would suggest, as this shows your proactive approach and understanding of the role's responsibilities.
We think you need these skills to ace Junior Risk Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Junior Risk Manager role. Emphasise any quantitative coursework or projects, as well as any experience in risk management or trading.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for risk management and your understanding of the discretionary trading business. Mention specific experiences that demonstrate your ability to collaborate with teams and manage risks effectively.
Highlight Relevant Qualifications: Clearly state your educational background, especially if you have a degree in a quantitative field. If you have any advanced degrees or certifications related to risk management, make sure to include those as well.
Showcase Communication Skills: In your application, provide examples of how you've successfully communicated complex ideas or collaborated with diverse teams. This is crucial for a role that requires liaising with researchers and traders.
How to prepare for a job interview at Squarepoint Capital
✨Understand the Role
Make sure you have a solid grasp of what a Junior Risk Manager does. Familiarise yourself with risk management concepts, especially in discretionary trading. This will help you answer questions confidently and show your genuine interest in the role.
✨Showcase Your Quantitative Skills
Since the position requires a quantitative approach, be prepared to discuss your academic background and any relevant projects or experiences. Highlight your analytical skills and how they can contribute to risk evaluation and management.
✨Prepare for Collaboration Questions
As the role involves working closely with traders and researchers, expect questions about teamwork and collaboration. Think of examples from your past experiences where you successfully worked in a team, particularly in fast-paced environments.
✨Demonstrate Your Communication Skills
Strong communication is key in this role. Practice articulating complex ideas clearly and concisely. Be ready to explain how you would communicate risk assessments and collaborate with global teams effectively.
