ZipRecruiter

Log In

1

Hedge Fund Risk Management Jobs (NOW HIRING)

Northern Trust

Hedge Fund Risk Manager

Chicago, IL

$80K - $133K/yr

Conduct risk-focused due diligence on hedge fund managers * Evaluate strategy risk, leverage ... Excellent communication and stakeholder management * High attention to detail Salary Range: $80,800 ...

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 ... Excellent communication and stakeholder management * High attention to detail Salary Range: $80,800 ...

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 ... Excellent communication and stakeholder management * High attention to detail Salary Range: $80,800 ...

Northbound Search

Hedge Fund Accountant

Manhattan, NY

$75K - $90K/yr

Prestigious hedge fund with approximately $22 billion AUM, is seeking a Fund Accountant to join ... with senior management! Responsibilities will include, but are not limited to, monthly close ...

UBS

Credit Risk Officer - Hedge Funds

New York, NY · On-site

$140K - $188K/yr

Do you have strong analytical skills? We're looking for someone who can: • assess counterparty credit risk using a solid understanding of hedge fund and family office risk management, trading ...

next page

Showing results 1-20

All JobsHedge Fund Risk Management Jobs

Hedge Fund Risk Management information

See salary details

$14

$30

$74

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

As of Jul 3, 2026, the average hourly pay for hedge fund risk management in the United States is $30.34, according to ZipRecruiter salary data. Most workers in this role earn between $19.47 and $38.70 per hour, depending on experience, location, and employer.

What is hedge fund risk management?

Hedge fund risk management refers to the processes and strategies used to identify, assess, monitor, and mitigate financial risks within a hedge fund. This includes managing market risk, credit risk, liquidity risk, and operational risk to protect investors' capital and ensure the fund's long-term stability. Professionals in this field use quantitative models, stress testing, and scenario analysis to evaluate potential losses and implement controls. Effective risk management is essential for meeting regulatory requirements and maintaining investor confidence in the fund.

What does a risk manager do at a hedge fund?

A risk manager at a hedge fund is responsible for identifying, analyzing, and mitigating financial risks associated with investment strategies. They use tools like risk models and stress testing to ensure the fund's exposures remain within acceptable limits, helping to protect assets and optimize performance. Strong analytical skills and knowledge of financial markets are essential for this role.

What is the difference between Hedge Fund Risk Management vs Quantitative Analyst?

AspectHedge Fund Risk ManagementQuantitative Analyst
Required CredentialsFinance certifications (CFA, FRM), risk management experienceAdvanced degrees in math, statistics, or finance; programming skills
Work EnvironmentFinancial firms, hedge funds, risk departmentsInvestment banks, hedge funds, asset management firms
Primary FocusIdentifying, assessing, and mitigating risks in portfoliosDeveloping models and algorithms for trading strategies

Hedge Fund Risk Management professionals focus on managing and mitigating risks within investment portfolios, ensuring stability and compliance. Quantitative Analysts develop mathematical models to inform trading decisions. While both roles require strong quantitative skills and finance knowledge, risk managers emphasize risk assessment and mitigation, whereas quantitative analysts focus on model development and data analysis.

How much do hedge fund risk managers make?

Hedge fund risk managers typically earn a base salary ranging from $100,000 to $200,000 annually, with total compensation often exceeding $300,000 when bonuses and performance incentives are included. Compensation varies based on experience, fund size, and performance, and risk managers often hold advanced degrees and certifications such as CFA or FRM.

What is the highest paying job in a hedge fund?

The highest paying roles in a hedge fund are typically senior positions such as Chief Investment Officer (CIO) or Portfolio Manager, especially those managing large funds or complex strategies. These roles often earn substantial base salaries combined with performance-based bonuses that can reach millions of dollars annually. Success in these positions requires extensive experience, strong investment skills, and a track record of generating returns.

What are the key skills and qualifications needed to thrive in Hedge Fund Risk Management, and why are they important?

To thrive in Hedge Fund Risk Management, you need a strong background in finance, quantitative analysis, and risk modeling, often supported by degrees in finance, mathematics, or related fields. Expertise in risk management systems (such as Bloomberg, RiskMetrics, or MSCI) and relevant certifications like FRM or CFA are highly valued. Outstanding analytical thinking, attention to detail, and effective communication are crucial soft skills for success in this role. These competencies are essential for accurately identifying, assessing, and mitigating financial risks to optimize portfolio performance and ensure regulatory compliance.

What is the highest paying risk management job?

In hedge fund risk management, senior roles such as Chief Risk Officer or Head of Risk typically have the highest compensation, often exceeding seven figures annually. These positions require extensive experience, advanced quantitative skills, and often involve overseeing large teams and complex risk models.

What are some common challenges faced by professionals in hedge fund risk management, and how can they be addressed?

Professionals in hedge fund risk management often face challenges such as rapidly changing market conditions, managing complex portfolios with diverse asset classes, and ensuring compliance with regulatory requirements. Staying updated on global economic events and leveraging advanced analytics can help mitigate these risks. Additionally, effective communication with portfolio managers and investment teams is crucial for identifying potential exposures early and developing strategies to minimize them.
More about Hedge Fund Risk Management jobs
What job categories do people searching Hedge Fund Risk Management jobs look for? The top searched job categories for Hedge Fund Risk Management jobs are:
Hedge Fund Risk Management jobs near you
Infographic showing various Hedge Fund Risk Management job openings in the United States as of June 2026, with employment types broken down into 48% Full Time, 51% Contract, and 1% Nights. Highlights an 85% Physical, 9% Hybrid, and 6% Remote job distribution, with an average salary of $63,100 per year, or $30.3 per hour.
Hedge Fund Risk Manager

Hedge Fund Risk Manager

Northern Trust

Chicago, IL

$80K - $133K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 20 days ago

Northern Trust rating

8.1

Company rating: 8.1 out of 10

Based on 25 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.

What Northern Trust employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom

Apply