Description

Investment Risk Analyst - Fixed Income

London

4-5 days in the office.

The firm

Our client is a well-established investment manager with a strong track record across credit and fixed income markets. The business manages capital on behalf of institutional investors and has built a reputation for rigorous research, disciplined portfolio construction and a collaborative investment culture.

Risk plays an important role within the investment process and is viewed as a commercial partner to the front office. The team works closely with portfolio managers and senior stakeholders to provide oversight, analysis and constructive challenge across portfolios and investment strategies.

This is an excellent opportunity for an early-career risk professional to join a high-quality investment risk team in London, supporting fixed income portfolios and gaining broad exposure across markets, products and portfolio construction.

The role

The Investment Risk Analyst will support the oversight of Credit Product s, helping to monitor and analyse market, credit, liquidity and concentration risks across a range of strategies. The role will involve close interaction with portfolio managers and other investment professionals, providing analysis and insight on portfolio positioning, risk exposures and market developments.

The successful candidate will work in a hands-on capacity, contributing to portfolio risk reporting, stress testing, scenario analysis and the continued development of risk tools and analytics. This role wouldsuit someone with between 6 months and 3 years of experience who is looking to build a career in buy-side investment risk within fixed income.

Main duties and responsibilities

1. Support the day-to-day risk oversight of fixed income portfolios across a range of strategies
2. Monitor and analyse portfolio risks including market risk, spread risk, credit risk, liquidity risk and concentration risk
3. Produce regular risk reporting on portfolio exposures, sensitivities, limits and performance under stress scenarios
4. Assist with scenario analysis and stress testing to assess the impact of market moves, spread widening, defaults and broader macro events
5. Work closely with portfolio managers to understand portfolio positioning, investment views and changes in risk exposures
6. Provide analysis on portfolio concentrations, relative value positions and downside risks
7. Monitor portfolio guidelines, risk limits and other controls within the firm's risk framework
8. Investigate changes in portfolio risk and performance, highlighting key drivers and emerging issues
9. Review risk data and analytics to ensure exposures are being captured accurately and represented appropriately
10. Contribute to the development and enhancement of risk reporting, analytics and monitoring tools
11. Liaise with teams across portfolio management, trading, operations, analytics and technology to support robust risk capture and reporting
12. Support ad hoc analysis on new trades, portfolio changes and market developments as required

Candidate profile

This role is suited to an individual with a strong academic background and early experience in investment risk, market risk, performance/risk analytics or a related fixed income environment. The ideal candidate will be analytically strong, detail-oriented and keen to develop within a fast-paced buy-side setting.

They should be comfortable working with data, interpreting portfolio risks and communicating findings clearly to a range of stakeholders.

Work experience / background

Essential

1. 6 months to 3 years of relevant experience in investment risk, market risk, portfolio analytics, performance analytics or a related role
2. Exposure to credit products; CLOs, ABS, High Yield etc.
3. Experience analysing portfolios, market exposures or risk metrics in a quantitative environment
4. Strong academic background, ideally in a quantitative discipline such as Mathematics, Physics, Engineering, Finance or Computer Science
5. Strong numerical and data analysis skills
6. Experience using data to produce analysis, reporting or insights for investment or risk teams
7. An inquisitive mind
8. Demonstrable ability to go above and beyond

Desirable

1. Experience gained within asset management, investment banking, hedge funds or another institutional investment environment
2. Exposure to credit products, rates, bonds, loans or other fixed income instruments
3. Familiarity with stress testing, scenario analysis or portfolio risk reporting
4. Experience interacting with portfolio managers, traders or investment professionals
5. Progress towards CFA, FRM or a similar qualification
6. Strong Python skills - All members of the team currently code.

Technical / business skills and knowledge

Essential

1. Good understanding of fixed income markets and key risk concepts
2. Strong analytical and problem-solving capability
3. High attention to detail and ability to work with complex datasets
4. Good communication skills, with the ability to explain risk issues clearly and practically
5. Ability to manage competing priorities and work effectively in a fast-paced environment
6. Strong Excel skills

Why this role?

1. Opportunity to join a well-regarded investment platform
2. Strong exposure to fixed income portfolios and investment decision-making
3. Close interaction with portfolio managers and senior stakeholders
4. Broad role spanning portfolio risk, analytics and front-office partnership
5. Excellent development opportunity for someone looking to build a long-term career in buy-side investment risk