Junior Risk Analyst
$90,000–$110,000 year
On-site · Santa Monica, California, United States
Job Summary
Junior Risk Analyst at Clocktower in Santa Monica seeking to build a foundation in risk analysis. You will understand and curate hedge fund performance and exposure data, analyze exposures across global macro asset classes (equities, rates, credit, FX, and commodities), review exposures of instruments including cash securities, ETFs, futures, forwards, swaps, bonds, CDS/CDX, and listed or OTC options, and monitor key risk measures (notional exposure, market value, delta-adjusted exposure, beta, duration/DV01, spread duration, option Greeks, VaR, stress-test results, and drawdown behavior). You’ll investigate unusual moves, translate portfolio data into practical risk insights, produce routine attribution and exposure reporting, participate in discussions with external hedge fund managers, assist research projects, and build data-handling tools with AI support.
Required Qualifications
- 1-3 years of relevant experience in risk, portfolio analytics, middle office, derivatives operations, investment data, fund analytics, or related work at a hedge fund, asset manager, bank, risk vendor, or financial institution
- Working knowledge of global macro asset classes: equities, interest rates, credit, FX, and commodities
- Familiarity with both linear instruments, such as equities, bonds, futures, forwards, swaps, and ETFs, and non-linear instruments, such as options, swaptions, caps/floors, or other volatility-linked products
- Ability to interpret common risk concepts, including beta, duration, DV01, convexity, credit spread risk, FX exposure, commodity exposure, delta, gamma, vega, theta, carry, roll-down, leverage, VaR, stress testing, and drawdowns
- Working experience in Microsoft Excel, SQL, and Python. Previous exposure with Bloomberg or MSCI RiskMetrics is a plus
- CFA Level I, FRM Part I, or equivalent self-study in markets, derivatives, or risk management is a plus
- BA/BS degree in mathematics, statistics, finance, computer science, or related field preferred
- A collaborative team player
- Strong attention to detail
- A quick learner who welcomes a challenge
- Strong execution — delivers quality work on time, even against tight deadlines
- This role must be onsite 4-5 days per week in our Santa Monica office.
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