Risk Analyst

Quantitative Risk Analyst

Location: Hong Kong

Role Overview

Our client is a leading hedge fund seeking an experienced Quantitative Risk Analyst to join its Hong Kong office. The successful candidate will work closely with portfolio managers, senior risk professionals and investment teams to monitor, analyse and manage portfolio risk across the firm.

The role will have a particular focus on long/short equity strategies, including factor exposures, concentration risk, liquidity risk, stress testing and portfolio construction. This is an excellent opportunity for a risk professional with strong quantitative skills and practical experience supporting equity investment teams.

Responsibilities

• Monitor portfolio and firm-level risk across long/short equity and other investment strategies.
• Analyse market, factor, sector, country, liquidity, concentration and event risk.
• Produce daily risk reports and provide clear, actionable insights to portfolio managers and senior management.
• Evaluate portfolio exposures using risk models, scenario analysis, stress testing and historical simulations.
• Identify emerging risks, unusual portfolio behaviour and potential breaches of risk limits.
• Work closely with portfolio managers to assess proposed trades, portfolio changes and risk-adjusted return opportunities.
• Review gross and net exposure, beta, factor sensitivities, volatility, drawdown and Value at Risk.
• Conduct liquidity and crowding analysis, including position-level exit assumptions and market-capacity assessments.
• Support the development and enhancement of internal risk models, dashboards and analytical tools.
• Assist with risk-limit calibration, portfolio reviews and investment committee discussions.
• Collaborate with technology, operations and investment teams to improve risk data quality and reporting infrastructure.

Requirements

• At least five years of experience in market risk, quantitative risk, portfolio risk or investment risk.
• Previous experience within a hedge fund, asset manager, investment bank or proprietary trading environment.
• Strong preference for candidates with experience covering long/short equity portfolios.
• Good understanding of equity risk factors, portfolio construction, hedging, liquidity and concentration risk.
• Strong quantitative and analytical skills, with the ability to interpret complex portfolio data.
• Proficiency in Python, SQL, R or a comparable analytical programming language.
• Experience with risk systems, factor models and market-data platforms.
• Strong communication skills and the confidence to engage directly with portfolio managers and senior stakeholders.
• Ability to work effectively in a fast-paced, performance-driven investment environment.
• Bachelor’s or advanced degree in mathematics, statistics, finance, economics, engineering, computer science or a related quantitative discipline.

Preferred Qualifications

• Experience supporting global equity long/short strategies.
• Familiarity with multi-factor equity risk models such as Barra, Axioma or comparable internal models.
• Knowledge of derivatives, options and equity index hedging.
• Mandarin or Cantonese language skills would be helpful but are not essential.

Please email steven@aaaglobal.co.uk with a copy of your CV if you are interested in this opportunity.