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Senior Hedge Fund Data Engineer Jobs (NOW HIRING)

Northern Trust

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

Build dashboards and deliver risk reporting to senior stakeholders * Provide actionable insights to ... Ability to interpret limited transparency data * Excellent communication and stakeholder management

The Rockridge Group

Bank Loan Specialist

Dallas, TX

... hold conversations with senior Hedge Fund personnel, and actively engage in our internal ... We have found success with ex-fund employees, former public accountants, personable data junkies ...

The Cypress Group

Data Engineer

New York, NY

$200K - $250K/yr

Our client is a hedge fund in NYC looking for a talented Data Engineer to join their team. Qualified candidates will have 5-10+ years of professional experience. Specific hands-on experience with ...

Northern Trust

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

Build dashboards and deliver risk reporting to senior stakeholders * Provide actionable insights to ... Ability to interpret limited transparency data * Excellent communication and stakeholder management

SS&C

Manager, Hedge Fund Accounting

Walnut Creek, CA · Hybrid

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

Bellevue, WA · Hybrid

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

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Senior Hedge Fund Data Engineer information

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$81K

$126.3K

$175K

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

As of Aug 7, 2026, the average yearly pay for senior hedge fund data engineer in the United States is $126,328.00, according to ZipRecruiter salary data. Most workers in this role earn between $106,000.00 and $144,000.00 per year, depending on experience, location, and employer.

What does a senior hedge fund data engineer do?

A Senior Hedge Fund Data Engineer designs, builds, and manages data infrastructure that supports the investment strategies of a hedge fund. They work with large, complex financial datasets, ensuring data quality, accessibility, and security for analysts and portfolio managers. Their responsibilities often include developing data pipelines, integrating market data feeds, optimizing database performance, and collaborating with quantitative researchers and traders to meet evolving business needs.

What is the difference between Senior Hedge Fund Data Engineer vs Hedge Fund Data Analyst?

AspectSenior Hedge Fund Data EngineerHedge Fund Data Analyst
CredentialsBachelor's/Master's in Computer Science, Data Science, or related field; experience with data engineering toolsBachelor's in Finance, Economics, or related; strong analytical skills
Work EnvironmentDesigning data pipelines, managing large datasets, working with engineering teamsAnalyzing data, generating reports, supporting investment decisions
Industry UsageUsed in hedge funds for data infrastructure and managementUsed for performance analysis and reporting within hedge funds

The Senior Hedge Fund Data Engineer focuses on building and maintaining data infrastructure, while the Hedge Fund Data Analyst interprets data to support investment strategies. Both roles are essential in hedge fund operations but differ in technical depth and focus.

What are the key skills and qualifications needed to thrive as a senior hedge fund data engineer?

To thrive as a Senior Hedge Fund Data Engineer, you need advanced skills in data engineering, programming (commonly Python or Java), quantitative analysis, and a relevant degree in computer science, mathematics, or a related field. Experience with big data platforms (such as Spark or Hadoop), cloud services (AWS, Azure), database systems (SQL/NoSQL), and knowledge of financial data feeds or APIs is typically required. Strong problem-solving, communication, and collaboration skills help you translate complex business needs into robust technical solutions. These skills ensure accurate, scalable data infrastructure that supports timely and effective investment decision-making in a high-stakes environment.

How does a senior hedge fund data engineer typically collaborate with portfolio managers and analysts?

A Senior Hedge Fund Data Engineer works closely with portfolio managers and analysts to understand their data needs and translate them into robust data pipelines and analytical tools. This collaboration often involves gathering requirements for new data sources, ensuring data quality and reliability, and building custom solutions that enable faster and more accurate investment decisions. Effective communication and the ability to quickly iterate on feedback are essential, as the business needs can change rapidly in the hedge fund environment. Additionally, Senior Data Engineers may mentor junior team members and coordinate with IT for infrastructure and security compliance.
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Senior Hedge Fund Data Engineer jobs near you
Infographic showing various Senior Hedge Fund Data Engineer job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 12% Part Time, and 4% Contract. Highlights an 87% Physical, 3% Hybrid, and 10% Remote job distribution, with an average salary of $126,328 per year, or $60.7 per hour.

Hedge Fund Risk Manager

Northern Trust

Chicago, IL • On-site

$80K - $133K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 24 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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