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Hedge Fund Project Manager 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, derivatives use, and drawdowns * Challenge portfolio construction and hedging assumptions Risk Analytics ...

SS&C

Manager, Hedge Fund Accounting

San Francisco, CA · Hybrid

Manager,Hedge Fund Accounting Locations: San Francisco, CA(hybrid), Walnut Creek, CA (hybrid), Bellevue, WA (hybrid) About the Role Step into a client-facing leadership role whereyou'llmanage key ...

SS&C

Manager, Hedge Fund Accounting

Bellevue, WA · Hybrid

Manager,Hedge Fund Accounting Locations: San Francisco, CA(hybrid), Walnut Creek, CA (hybrid), Bellevue, WA (hybrid) About the Role Step into a client-facing leadership role whereyou'llmanage key ...

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, derivatives use, and drawdowns * Challenge portfolio construction and hedging assumptions Risk Analytics ...

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Hedge Fund Project Manager information

How does a hedge fund project manager typically collaborate with investment and operations teams?

A Hedge Fund Project Manager often acts as a bridge between investment professionals, operations staff, and technology teams to ensure projects align with business goals. They facilitate communication, coordinate timelines, and manage stakeholder expectations throughout the project lifecycle. Regular collaboration involves gathering requirements from portfolio managers, working with operations to streamline workflows, and overseeing IT implementations. This cross-functional engagement is essential for delivering projects on time and maintaining the fund’s competitive edge.

What is the difference between Hedge Fund Project Manager vs Hedge Fund Analyst?

AspectHedge Fund Project ManagerHedge Fund Analyst
Primary RoleOversees project execution, manages teams, and implements strategic initiatives within hedge funds.Conducts research, analyzes market data, and makes investment recommendations.
Required SkillsProject management, leadership, communication, and industry knowledge.Financial analysis, quantitative skills, and market understanding.
Work EnvironmentCollaborates across departments, often in office settings, focusing on operational projects.Research-focused, working with data and investment models, often in office or research environments.
CertificationsPMI or CFA certifications beneficial but not mandatory.CFA certification highly valued.

While both roles operate within hedge funds, the Hedge Fund Project Manager focuses on managing projects and operational initiatives, whereas the Hedge Fund Analyst concentrates on investment research and analysis. Understanding these differences helps candidates align their skills with the right role.

What does a hedge fund project manager do?

A Hedge Fund Project Manager oversees and coordinates key projects within a hedge fund, such as technology implementations, regulatory compliance initiatives, or process improvements. They work closely with portfolio managers, analysts, IT staff, and other stakeholders to ensure projects are delivered on time, within scope, and on budget. Their responsibilities include setting project goals, developing timelines, managing resources, and mitigating risks. They play a crucial role in streamlining operations and supporting the fund’s overall performance and growth.

What are the key skills and qualifications needed to thrive as a hedge fund project manager?

To thrive as a Hedge Fund Project Manager, you need strong project management expertise, financial acumen, and a background in finance or business, often supported by a bachelor's degree and PMP certification. Proficiency with project management tools (such as Microsoft Project or Jira), financial modeling software, and data analysis systems is typically required. Exceptional communication, leadership, and organizational skills help you coordinate stakeholders and drive projects to completion. These skills ensure projects are delivered efficiently, risks are managed, and strategic objectives are met in a high-stakes investment environment.
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Hedge Fund Project Manager jobs near you
Infographic showing various Hedge Fund Project Manager job openings in the United States as of August 2026, with employment types broken down into 76% Full Time, 3% Part Time, and 21% Contract. Highlights an 82% In-person, 10% Hybrid, and 8% Remote job distribution.

Hedge Fund Risk Manager

Northern Trust

Chicago, IL • On-site

$80K - $133K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 28 days ago

Northern Trust rating

8.2

Company rating: 8.2 out of 10

Based on 27 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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