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Hedge Fund Risk Analyst Jobs (NOW HIRING)

Northern Trust

Hedge Fund Risk Manager

Chicago, IL

$80K - $133K/yr

Maintain VaR, stress testing, and scenario analysis models * Build dashboards and deliver risk ... Strong understanding of hedge fund strategies * Expertise in VaR, stress testing, and risk modeling

Northern Trust

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

Maintain VaR, stress testing, and scenario analysis models * Build dashboards and deliver risk ... Strong understanding of hedge fund strategies * Expertise in VaR, stress testing, and risk modeling

Northern Trust

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

Maintain VaR, stress testing, and scenario analysis models * Build dashboards and deliver risk ... Strong understanding of hedge fund strategies * Expertise in VaR, stress testing, and risk modeling

Umbrex

Hedge Fund Quant Analyst - Umbrex

Manhattan, NY · On-site

$100 - $125/hr

They are seeking a Hedge Fund Quant Analyst with deep expertise in equity trading, advanced ... Conduct risk analysis and evaluate market risk factors to strengthen portfolio resilience.

Robert Half

Risk Analyst - General

Greenwich, CT · On-site

$105K - $140K/yr

Hedge Fund - P& L/Risk Associate Our client, a Hedge Fund based in Stamford, CT (next to train ... Requirements: 2+ years of physical commodity P& L Analytics are necessary!! An advanced degree in ...

Northbound Search

Middle Office, Hedge Fund

Manhattan, NY · On-site

$125K - $150K/yr

... analyst to join their operations team. This role will sit with the firm's hedge fund group, and ... will be heavily involved with all fixed income, CLO, bank loan, and cash reconciliations. Job ...

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How much do hedge fund risk analyst jobs pay per hour?

As of Aug 8, 2026, the average hourly pay for hedge fund risk analyst in the United States is $40.49, according to ZipRecruiter salary data. Most workers in this role earn between $29.81 and $49.28 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a hedge fund risk analyst?

To thrive as a Hedge Fund Risk Analyst, you need strong quantitative analysis skills, a solid background in finance or mathematics, and typically a relevant degree such as in finance, economics, or statistics. Proficiency with risk management software, programming languages like Python or R, and familiarity with Bloomberg Terminal or similar financial data platforms are commonly required. Exceptional attention to detail, critical thinking, and effective communication enable analysts to interpret complex data and present actionable insights to stakeholders. These skills are vital for accurately assessing and mitigating financial risks, safeguarding assets, and supporting informed investment decisions in a fast-paced environment.

How much do hedge fund risk analysts make?

Hedge fund risk analysts typically earn between $70,000 and $150,000 annually, depending on experience, location, and the size of the fund. Senior analysts or those with specialized skills and certifications can earn higher salaries, often supplemented with bonuses and performance incentives.

Is it hard to get hired by a hedge fund risk analyst?

Getting hired as a hedge fund risk analyst can be competitive, as firms seek candidates with strong quantitative skills, experience in finance or risk management, and relevant certifications like CFA or FRM. Candidates often need a solid educational background in finance, economics, or mathematics, along with proficiency in data analysis tools and risk modeling techniques.

How much does a hedge fund risk analyst make?

A hedge fund risk analyst typically earns between $70,000 and $150,000 annually, depending on experience, location, and the size of the fund. Senior analysts or those with specialized skills and certifications can earn higher salaries, often supplemented with bonuses based on fund performance.

What are the typical challenges a hedge fund risk analyst faces in monitoring and mitigating portfolio risks?

Hedge Fund Risk Analysts often encounter challenges such as rapidly changing market conditions, complex investment strategies, and the need to analyze large volumes of data across multiple asset classes. They must stay up-to-date with evolving regulations and ensure that risk models accurately reflect both current exposures and potential stress scenarios. Effective communication with portfolio managers and other stakeholders is crucial, as analysts must translate technical risk metrics into actionable insights to support investment decisions.

How do you become a hedge fund risk analyst?

To become a hedge fund risk analyst, candidates typically need a bachelor's degree in finance, economics, or a related field, along with strong analytical skills and proficiency in data analysis tools like Excel or programming languages such as Python. Gaining experience through internships or entry-level finance roles is common, and professional certifications like the CFA can enhance prospects. Knowledge of risk management models and financial markets is essential for success in this role.

What does a hedge fund risk analyst do?

A Hedge Fund Risk Analyst is responsible for identifying, analyzing, and mitigating financial risks within a hedge fund’s portfolio. They use quantitative models and statistical tools to assess potential losses, monitor exposure, and ensure compliance with risk limits. Their work helps fund managers make informed investment decisions and maintain the fund’s overall financial health. Risk analysts also prepare reports for stakeholders and may suggest strategies to minimize adverse impacts from market volatility.
What cities are hiring for Hedge Fund Risk Analyst jobs? Cities with the most Hedge Fund Risk Analyst job openings:
What states have the most Hedge Fund Risk Analyst jobs? States with the most job openings for Hedge Fund Risk Analyst jobs include:
Hedge Fund Risk Analyst jobs near you
Infographic showing various Hedge Fund Risk Analyst job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 88% Full Time, 8% Part Time, and 3% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $84,210 per year, or $40.5 per hour.

Hedge Fund Risk Manager

Northern Trust

Chicago, IL

$80K - $133K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 26 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 andapply 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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