Risk Manager

Fort Worth, Texas, United States;
New York, New York, United States

Summit

TX Capital, L.P., is an institutional hedge fund manager founded in 2015. It employs an open architecture, multi-portfolio manager, and multi-strategy equity-oriented business model and manages ~$3 billion for global investors. Summit

TX is headquartered in Fort Worth, Texas, and maintains a significant presence in New York. With a long-standing track record of success in the fundamental investment industry, Summit

TX continues to evolve and expand its capabilities. We are currently growing our Risk team, an opportunity to join a dynamic, innovative group within a respected and scaling firm. This role offers a unique chance to help shape a cutting-edge quantitative risk platform from the ground up, while leveraging the infrastructure and insight of a firm with deep market expertise.

Summit

TX is seeking a seasoned Risk Manager to contribute to the firm’s enterprise risk management. This individual will work closely with the Chief Risk Officer (CRO) to monitor investment and firm-wide risk exposures, develop risk analytics, and help shape the risk culture across the platform. As a senior member of the Risk team, the Risk Manager will focus on delivering robust and scalable risk oversight processes.

• Portfolio & Market Risk Oversight
  Monitor exposures across all strategies to ensure alignment with investment guidelines and the firm’s risk appetite. Analyze concentration, liquidity, leverage, tail, and cross-portfolio risks. Review and challenge portfolio construction, hedging approaches, and scenario assumptions.
• Risk Analytics & Infrastructure
  Design and enhance risk infrastructure including P&L attribution, Value-at-Risk (VaR), stress testing, and real-time exposure tracking. Leverage internal tools and third-party systems to refine risk measurement and visualization. Build and maintain risk dashboards and reporting for investment and senior management teams.
• Governance & Control
  Support the CRO in managing risk policies, limits frameworks, and escalation protocols. Contribute to risk reviews of individual PMs, trading books, and new strategy proposals. Provide a risk perspective during onboarding/offboarding of managers and new strategies.

• Minimum 10 years of experience in risk management at a hedge fund, multi-manager platform, or sell-side risk group
• Master’s degree in a STEM field such as Mathematics, Physics, Computer Science, or Engineering preferred
• Bachelor’s or Master’s degree in a quantitative discipline such as Finance, Economics, Mathematics, or Engineering
• Strong understanding of equities and equity derivatives; familiarity with portfolio construction, risk budgeting, and factor risk models
• Proficiency with quantitative tools and programming languages (e.g., Python, R, SQL)
• Ability to collaborate with other quantitative research members as well as the senior portfolio manager

• Base Salary Range: $150k to $250k, contingent on experience
• Discretionary annual bonus eligible