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Hedge Fund Data Engineer Jobs (NOW HIRING)

Northern Trust

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

Conduct risk-focused due diligence on hedge fund managers * Evaluate strategy risk, leverage ... Ability to interpret limited transparency data * Excellent communication and stakeholder management

SS&C

Manager, Hedge Fund Accounting

Bellevue, WA · Hybrid

$90K - $175K/yr

Our teams design, implement, andoperatesolutions that help clients manage data, automate processes ... Hedge Fund, Investment Advisor or Audit firm * Strong knowledge of US GAAP and corporate actions

SS&C

Manager, Hedge Fund Accounting

San Francisco, CA · Hybrid

$90K - $175K/yr

Our teams design, implement, andoperatesolutions that help clients manage data, automate processes ... Hedge Fund, Investment Advisor or Audit firm * Strong knowledge of US GAAP and corporate actions

SS&C

Manager, Hedge Fund Accounting

Walnut Creek, CA · Hybrid

$90K - $175K/yr

Our teams design, implement, andoperatesolutions that help clients manage data, automate processes ... Hedge Fund, Investment Advisor or Audit firm * Strong knowledge of US GAAP and corporate actions

SS&C

Associate, Hedge Fund Accounting

Windsor, CT · Hybrid

... Global Hedge Fund clients. They prepare and process transactions and financial reports, and ... Our teams design, implement, and operate solutions that help clients manage data, automate ...

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Hedge Fund Data Engineer information

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How much do hedge fund data engineer jobs pay per year?

As of Jul 11, 2026, the average yearly pay for hedge fund data engineer in the United States is $165,018.00, according to ZipRecruiter salary data. Most workers in this role earn between $133,500.00 and $170,000.00 per year, depending on experience, location, and employer.

What is a Hedge Fund Data Engineer job?

A Hedge Fund Data Engineer is responsible for designing, building, and maintaining data pipelines that support quantitative research, trading, and risk management. They work with large financial datasets, optimize data storage and retrieval, and ensure data quality and integrity. This role requires expertise in programming languages like Python or SQL, cloud technologies, and big data frameworks. Data Engineers in hedge funds collaborate with portfolio managers, quantitative researchers, and IT teams to deliver timely and accurate data for investment decisions. Their work is crucial for enabling data-driven strategies and maintaining a competitive edge in the financial markets.

What are the typical daily responsibilities of a Hedge Fund Data Engineer?

As a Hedge Fund Data Engineer, your daily responsibilities often include designing, building, and maintaining data pipelines that ingest, process, and deliver market and alternative data critical for trading strategies. You’ll spend time collaborating with quantitative analysts, data scientists, and portfolio managers to understand their data requirements and optimize data workflows. Regular tasks also involve troubleshooting data issues, improving data quality, and ensuring systems meet performance and compliance standards. Working in an often fast-paced environment, you will need to balance immediate project demands with long-term system improvements to support the fund’s evolving needs.

What are the key skills and qualifications needed to thrive in the Hedge Fund Data Engineer position, and why are they important?

To thrive as a Hedge Fund Data Engineer, you need strong software engineering skills, deep knowledge of data architecture, and experience with quantitative or financial data, typically supported by a degree in computer science, engineering, or a related field. Expertise in Python, SQL, cloud platforms (like AWS or Azure), and ETL tools, along with knowledge of specialized financial data sources and industry certifications, are highly valued. Attention to detail, problem-solving ability, and effective communication are key soft skills for collaborating with portfolio managers, analysts, and IT teams. These capabilities are crucial for building robust data pipelines, ensuring data integrity, and enabling rapid, data-driven decision-making in high-stakes financial environments.

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What cities are hiring for Hedge Fund Data Engineer jobs? Cities with the most Hedge Fund Data Engineer job openings:
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What job categories do people searching Hedge Fund Data Engineer jobs look for? The top searched job categories for Hedge Fund Data Engineer jobs are:
Hedge Fund Data Engineer jobs near you
Infographic showing various Hedge Fund Data Engineer job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 84% Full Time, 12% Part Time, and 3% Contract. Highlights an 88% Physical, 2% Hybrid, and 10% Remote job distribution, with an average salary of $165,018 per year, or $79.3 per hour.
Hedge Fund Risk Manager

Hedge Fund Risk Manager

Northern Trust

Chicago, IL • On-site

$80K - $133K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

This job post has expired today. Applications are no longer accepted.

Northern Trust rating

8.1

Company rating: 8.1 out of 10

Based on 26 frontline employees who took The Breakroom Quiz

Job description

About Northern Trust:
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.
Role Overview
We are seeking an experienced Risk Manager to join our investment team and oversee risk across a diversified portfolio of external hedge fund managers. This role focuses on portfolio-level risk aggregation, manager-level due diligence, and forward-looking risk analytics to support investment decision-making.
The ideal candidate will act as a strategic partner to the investment team, providing actionable insights on portfolio construction, diversification, and downside risk management.
Essential Duties and Responsibilities
Portfolio Risk Oversight
  • Monitor and aggregate risk exposures across underlying hedge funds by strategy, asset class, and geography
  • Assess market, liquidity, concentration, leverage, and tail risks
  • Ensure alignment with risk budgets and investment objectives
Manager Risk Assessment
  • Conduct risk-focused due diligence on hedge fund managers
  • Evaluate strategy risk, leverage, derivatives use, and drawdowns
  • Challenge portfolio construction and hedging assumptions
Risk Analytics & Reporting
  • Maintain VaR, stress testing, and scenario analysis models
  • Build dashboards and deliver risk reporting to senior stakeholders
  • Provide actionable insights to investment decision-makers
Liquidity & Capital Planning
  • Assess liquidity terms including lockups and gates
  • Monitor portfolio liquidity vs investor redemption terms
  • Run stress scenarios for market dislocation events
Portfolio Construction Support
  • Advise on allocation sizing and diversification
  • Identify hidden correlations and portfolio risks
  • Support investment decisions with forward-looking risk views
Ongoing Monitoring & Surveillance
  • Track risk metrics regularly
  • Identify early warning signals such as style drift or anomalies
  • Participate in ongoing manager monitoring
Qualifications
Necessary Experience and Education
  • 3 - 5 years in hedge fund risk management, fund of funds, asset management, risk management or related roles.
  • Bachelor's degree in Finance, Economics, Mathematics, or related field. CFA or FRM preferred.
Necessary Technical Skills
  • Strong understanding of hedge fund strategies
  • Expertise in VaR, stress testing, and risk modeling
  • Prior experience with MSCI RiskMetrics
  • Proficiency in Excel, Power BI, or SQL
Necessary Core Competencies
  • Strong analytical and quantitative skills
  • Ability to interpret limited transparency data
  • Excellent communication and stakeholder management
  • High attention to detail
Salary Range:
$80,800 - 133,400 USD
Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
Working with Us:
As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.
We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com .
We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.

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