Derivatives Risk Manager

Overview

Summit Global Investments ("SGI") is a fast-growing, SEC-registered multi-billion-dollar investment advisory firm. We provide customized investment solutions and investment vehicles across multiple channels and pride ourselves on delivering excellence to our clients while maintaining a culture of integrity and compliance.

Role Description

SGI is seeking an experienced Derivatives Risk Manager to oversee derivatives risk management for registered investment companies, including Options 1940 Act funds
, in accordance with SEC Rule 18f-4. This role will serve as the firm’s designated Derivatives Risk Manager and is responsible for designing, implementing, and maintaining SGI’s Derivatives Risk Management Program.

The Derivatives Risk Manager will work closely with SGI’s Investment, Risk, and Compliance teams to ensure regulatory compliance while supporting sophisticated options, futures, and other derivatives-based investment strategies. The ideal candidate is highly quantitative
, has deep expertise in derivatives, and can communicate complex risk concepts clearly and effectively.

• Oversee and facilitate our Derivatives Risk Management Program
• Serve as SGI’s designated Derivatives Risk Manager (DRM) under SEC Rule 18f-4
• Design, implement, and maintain SGI’s Derivatives Risk Management Program for registered funds
• Identify, measure, monitor, and manage derivatives-related risks, including (Market, Leverage, Liquidity risk)

• Oversee quantitative risk models and analytics related to options, futures, and other derivatives (e.g., Greeks, VaR, stress testing, scenario analysis)
• Establish and monitor risk guidelines, limits, and escalation procedures
• Prepare and present regular derivatives risk reports to PM, Sr. Management, and/or Fund boards
• Prepare timely and accurate responses to DDQs, RFIs, and RFPs
• Support ongoing consultant database updates and information requests
• Ensure all client communications are consistent with firm standards and compliance requirements
• Partner closely with SGI’s Investment Teams to understand derivatives strategies and risk exposures
• Work with Compliance and Legal to ensure adherence to SEC regulations and SGI policies
• Support regulatory examinations, audits, and internal reviews related to derivatives usage

• Maintain required policies, procedures, and documentation under Rule 18f-4
• Provide guidance and training to others on derivatives risk concepts
• Assist with fund board materials and presentations related to derivatives risk management

• Integrity
• Bachelor’s degree in Finance, Mathematics, Statistics, Economics, Engineering, or a related quantitative field (advanced degree preferred)
• 7+ years of experience in derivatives risk management, portfolio risk, or quantitative finance
• Deep knowledge of options, futures, swaps, and derivatives
• Strong understanding of SEC regulations, particularly Rule 18f-4 and 1940 Act requirements
• Demonstrated experience developing or overseeing quantitative risks
• Ability to clearly communicate complex risk concepts to investment, compliance, and senior management audiences
• Ability to work on-site in the Salt Lake City Metropolitan Area
• HSA with employer contribution
• Paid Holidays
• Paid Time Off
• 401(k) with employer matching

• Impact: Play a pivotal role in shaping firm compliance and driving firm growth.
• Collaboration: Work alongside seasoned investment professionals in a collegial and inclusive environment.
• Excellence: Join a firm with a reputation for integrity, fiduciary responsibility, and client-focused results.
• Growth: Be part of a dynamic, expanding firm with significant career development opportunities.