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Hedge Fund Technology Jobs (NOW HIRING)

Northern Trust

Hedge Fund Risk Manager

Chicago, IL

$80K - $133K/yr

... leading technology and exceptional service. Role Overview We are seeking an experienced Risk ... Conduct risk-focused due diligence on hedge fund managers * Evaluate strategy risk, leverage ...

Northern Trust

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

... leading technology and exceptional service. Role Overview We are seeking an experienced Risk ... Conduct risk-focused due diligence on hedge fund managers * Evaluate strategy risk, leverage ...

Northern Trust

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

... leading technology and exceptional service. Role Overview We are seeking an experienced Risk ... Conduct risk-focused due diligence on hedge fund managers * Evaluate strategy risk, leverage ...

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Hedge Fund Technology information

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$150K

$187.5K

$221K

How much do hedge fund technology jobs pay per year?

As of Aug 7, 2026, the average yearly pay for hedge fund technology in the United States is $187,500.00, according to ZipRecruiter salary data. Most workers in this role earn between $168,500.00 and $206,500.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive in hedge fund technology, and why are they important?

To thrive in Hedge Fund Technology, you need strong programming abilities (such as Python, C++, or Java), deep understanding of financial markets, and a background in computer science or related fields. Familiarity with trading platforms, market data feeds, cloud infrastructure, and certifications like CFA or AWS can be advantageous. Excellent problem-solving skills, communication, and the ability to adapt quickly are vital soft skills in this role. These skills are crucial for delivering reliable technology solutions that support complex trading strategies and enable competitive advantages in fast-paced hedge fund environments.

How hard is it to get a hedge fund technology job?

Securing a hedge fund technology job typically requires strong technical skills in programming, data analysis, and financial systems, along with relevant experience or internships. Competition can be high due to the specialized nature of the role, and candidates often need a background in finance, computer science, or related fields, as well as familiarity with tools like Python, C++, or trading platforms.

What are the typical daily responsibilities of someone working in hedge fund technology?

Professionals in Hedge Fund Technology are responsible for designing, developing, and maintaining trading systems, as well as ensuring the smooth functioning of critical technology infrastructure. They work closely with traders, quantitative analysts, and operations teams to implement new features, optimize system performance, and address technical issues rapidly. Daily tasks may include coding, system monitoring, troubleshooting, data integration, and performance analysis. It's a dynamic environment where collaboration and quick problem-solving are key, and responsibilities can shift depending on market conditions or evolving trading strategies.

What is a hedge fund technology?

A Hedge Fund Technology job involves developing, maintaining, and improving the technological infrastructure that supports trading, risk management, and operations within a hedge fund. Professionals in this field work on trading platforms, data analytics, algorithmic trading systems, and cybersecurity. They collaborate with portfolio managers, traders, and risk analysts to optimize performance and ensure seamless execution. Strong programming skills, financial knowledge, and experience with market data infrastructure are often essential. The role is critical in ensuring the fund operates efficiently and remains competitive.

More about Hedge Fund Technology jobs
What cities are hiring for Hedge Fund Technology jobs? Cities with the most Hedge Fund Technology job openings:
What are the most commonly searched types of Hedge Fund Technology jobs? The most popular types of Hedge Fund Technology jobs are:
What states have the most Hedge Fund Technology jobs? States with the most job openings for Hedge Fund Technology jobs include:
What job categories do people searching Hedge Fund Technology jobs look for? The top searched job categories for Hedge Fund Technology jobs are:
Hedge Fund Technology jobs near you
Infographic showing various Hedge Fund Technology job openings in the United States as of August 2026, with employment types broken down into 78% Full Time, 18% Part Time, and 4% Contract. Highlights an 86% Physical, 2% Hybrid, and 12% Remote job distribution, with an average salary of $187,500 per year, or $90.1 per hour.

Hedge Fund Risk Manager

Northern Trust

Chicago, IL

$80K - $133K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 25 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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