Risk Manager, Hudson River Trading

Equities

$150-250k

OTE

Python
Mid level
New York
Hudson River Trading

Automated trading algorithms developer

Be an early applicant

Hudson River Trading

Automated trading algorithms developer

1001+ employees

B2BInvestingTradingMachine Learning

Be an early applicant

$150-250k

OTE

Python
Mid level
New York

1001+ employees

B2BInvestingTradingMachine Learning

Company mission

Hudson River Trading's mission is to bring a scientific and technological approach to financial trading.

Role

Who you are

  • B.S. in mathematics, physics, economics, computer science, electrical engineering or statistics
  • 3+ years of experience as a risk manager focusing on equity arbitrage trading at an investment bank, hedge fund, proprietary trading firm or asset manager
  • Solid understanding of equity risk models and equity portfolio risk
  • Working knowledge of equity arbitrage strategies such as event-driven strategies, intraday arbitrage trading, and other equity hedge fund strategies
  • Professional programming experience is required (Python preferred)
  • Ability to communicate effectively with stakeholders across the firm including traders, operations, and other risk managers
  • Excellent written and verbal communication skills

What the job involves

  • Hudson River Trading is hiring an Equities Risk Manager for our NYC office
  • You will be responsible for designing, improving, managing, and communicating market and liquidity risk for intraday to long term relative value equity strategies
  • You will collaborate closely with the risk and trading teams to manage all aspects of equities trading risk, while gaining exposure to the fast-paced world of automated trading alongside exceptionally talented people
  • The Risk team is a dynamic, highly collaborative group
  • As an Equities Risk Manager, you will have an opportunity to impact a highly successful business within HRT that is continuing to innovate and expand
  • This will be a challenging role with a wide remit across trading styles and investment horizons
  • Design new risk controls for equity arbitrage strategies (intraday to long term) that appropriately control market, operational, funding and liquidity risk without disrupting trading activity
  • Real-time monitoring of intraday risk limits
  • Investigate the root cause of risk limit breaches and coordinate with operations and trading teams to resolve them
  • Analyze historical measures in order to calibrate thresholds
  • Identify gaps in the monitoring of both market and operational risk, and collaborate with Operations to develop and implement new risk monitoring tools
  • Investigate and onboard proposed strategies; assess relevant risks to the firm and implement appropriate risk metrics
  • Evaluate bespoke trading opportunities
  • Work on tactical projects with Finance, Operations and Engineering teams

Our take

Hudson River Trading is a quantitative trading firm founded by a team of experienced venture capital experts, including computer scientists, mathematicians, and software engineers. It aims to bring a more scientific and mathematical approach to trading, operating a computing environment for the research and development of trading algorithms.

HRT's team includes a number of mathematicians, engineers and physicists. This academic approach has paid off, with HRT now having several offices around the world and boasting billions in trading capital. The firm is also a part of the DeFi Pyth network, marking a move towards crypto equity, which gives it access to an even wider range of investors and capital.

Although the trading market is crowded, HRT has proved the value of its code-first approach to trading and hence found a space for itself. HRT now invests in new blockchain companies that share its values. The company continues to innovate, which should provide the path to finding further success.

Kirsty headshot

Kirsty

Company Specialist

Insights

Some candidates hear
back within 2 weeks

11% employee growth in 12 months

Company

Company benefits

  • MERIT: Our people are motivated by a culture that promotes hard work and intellect over corporate politics.
  • MEALS & SNACKS: HRTers enjoy breakfast and lunch together (chef-prepared in NYC, reimbursement or catered options for other offices), healthy snacks, a coffee bar, and a well-stocked beer and wine fridge.
  • COMFORT: If you come to work dressed up, expect to explain what you’re doing that night for the rest of the day.
  • FITNESS: On-site cardio and weight room in NYC (fitness reimbursement for other offices), regular yoga classes, and a 7-Minute Workout club.
  • SOCIAL AT HRT: Our social calendar includes regular happy hours, outings, team dinners, and sports.
  • PLAY TANK: Unwind at the end of a long day with video games, board games, foosball, or table tennis.
  • VACATION: Generous paid vacation plus personal days and market holidays (or days in lieu).
  • HEALTH: Generously subsidized healthcare coverage, vision and company paid dental insurance, paid time off for sick days, paid medical/disability leave, and fully covered access to a mental health counselor, as well as access to the Modern Health platform.
  • FAMILY TIME: 12-week paid parental leave policy and family friendly events.
  • EDUCATION: Tuition assistance, professional development, and on-the-job training.

Company values

  • Automation & Efficiency: We are disciples of automation and efficiency trading millions of times a day in markets around the globe. At its core, HRT is a small tech company with a big footprint.
  • Code of Ethics: Our internal code of ethics far exceeds the expectations of the regulatory environment in which we operate. We are conscientious market participants advocating for fair and transparent markets for everyone. This philosophy influences every aspect of our research.
  • Make it Better: Both as individuals and as a company we are tenacious. We are insatiable innovators looking to improve every aspect of our business. We don’t settle until we make it better.
  • Collaboration: Collaboration sets HRT apart within our industry. We count among us many brilliant minds, but we’ve learned that the best ideas are born in a shared research and development environment.
  • Diversity, Equity, and Inclusion: At HRT, we celebrate Diversity, Equity, and Inclusion. Our culture is a reflection of the individuals, across race, gender identity and expression, age, religion and worship practices, education status, nationality, and identity, who bring their varied perspectives to work.
  • Togetherness: HRT is a community of friends and colleagues. Whether we are sharing a meal or competing over a game of ping pong, HRT embraces a culture of togetherness that extends far beyond the walls of our office.

Company HQ

World Trade Center, New York, NY

Leadership

Jason Caroll

(Managing Director)

Previously worked as an Analyst at Tower Research Capital.

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