Investment Risk Manager, Fixed Income

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.

THE POSITION
The Risk Manager, Fixed Income (Risk Manager) position is part of the Global Risk & Analytics (GRA) team. GRA is the global investment risk function for Wellington and sits within the firm’s Risk and Investment Science department. The primary focus of GRA is leading Wellington Management’s portfolio oversight, risk measurement, and security analytics processes across our broad multi-asset, hedge fund, equity, fixed income, and research strategies.

The Risk Manager will engage closely with our individual fixed income investment teams across the Americas, Europe, and Asia, to understand their investment processes and the investment risks inherent in those processes. They will be responsible for risk oversight (monitoring the appropriateness of risk levels and exposures across the Research portfolios and helping investors use quantitative tools to inform their portfolio construction and investment processes.

The Risk Manager should be sufficiently confident in their analyses to proactively challenge the thinking of investment teams directly and present areas of concern or focus to additional Wellington stakeholders for further review as appropriate.

A successful Risk Manager will leverage Wellington’s risk modeling and analysis platform to enhance the risk-taking and portfolio construction efforts of the investment teams. An important part of the role’s active engagement with investors includes helping them adopt best practices in the use of quantitative perspectives in portfolio management and helping the teams use technological tools directly, rather than relying upon risk managers to produce reports.

It is therefore incumbent on the Risk Manager to continually enhance the risk platform itself to deliver against the evolving needs of our investors and our clients. S/he will also create or enhance clear, engaging reports and shared dashboards that identify material portfolio risks or risk-related potential enhancements to portfolios under coverage. This is a hands-on role in terms of technical work, research, and working with data;

the team performs much of its work in the firm’s curated Python environment which incorporates a highly developed set of APIs for risk analysis.

• Interact directly with portfolio management teams as an independent risk resource, providing complementary insights and constructive challenge to investors on their investment theses and portfolio composition in support of superior risk-adjusted outcomes for clients.

• Engage daily with Risk Managers and investment professionals to ensure transparent measurement and reporting of risks in portfolios.

• Partner with Line Management and Investment Products and Fund Strategies colleagues to ensure the firm’s fiduciary needs on investment risk are met.

• Participate actively in Risk Meetings and other dialogues on market and portfolio risk insights, risk concerns and measurements.

• Ensure Risk Management reports, dashboards, and industry-leading tools are properly executed and reviewed for accuracy, with outliers or areas of concern highlighted to the team.

• Actively engage in enhancing the Risk reporting infrastructure, including design of exhibits and reports to support the risk oversight process.

• Conduct ad-hoc research and analysis to address investor questions and support the engagements of Risk Management.

The ideal candidate will have a solid analytical foundation coupled with an analytical curiosity, strong organizational skills, passion for financial markets, be motivated by a team environment, and have the ability to learn about…