Junior Risk Analyst

About Clocktower

Clocktower is an alternative asset management and advisory firm based in Santa Monica, with a global presence including an office in Shanghai. We seed macro-oriented hedge fund managers and manage an Asian equity platform in public markets. In private markets, we invest in fintech and Latin American startups. We host global conferences annually, bringing together clients and partners such as sovereign wealth funds, tech founders, hedge fund managers, and successful individuals in creative niches.

What You’ll Do

• Understand and curate hedge fund performance and exposure data sets from major portfolio management systems and risk management systems, including:
• Collect, clean, and enrich hedge fund portfolio data from different sources to upload into databases.
• Analyze hedge fund exposures across global macro asset classes, including equity indices, interest rates, credit, FX, and commodities.
• Review and validate exposures from common macro instruments, including cash securities, ETFs, futures, forwards, swaps, bonds, CDS/CDX, and listed or OTC options.
• Monitor changes in key risk measures such as notional exposure, market value, delta-adjusted exposure, beta, duration/DV01, spread duration, option Greeks, VaR, stress-test results, and drawdown behavior.
• Investigate unusual moves in performance, exposures, leverage, or risk-system outputs, and escalate findings clearly to the investment team.
• Translate manager-level portfolio data into practical investment-risk insights, including what drove P&L, where risk is concentrated, and how exposures may behave under different market scenarios.
• Produce routine performance attribution and exposure reporting in conjunction with market coverage.
• Participate in regular conversations with external hedge fund managers and take notes. Assist the investment team in hedge fund manager and industry research projects.
• Build innovative data handling, management and analysis tools from scratch with AI support.

Requirements

• 1-3 years of relevant experience in risk, portfolio analytics, middle office, derivatives operations, investment data, fund analytics, or related work at a hedge fund, asset manager, bank, risk vendor, or financial institution.
• Familiarity with global macro asset classes: equities, interest rates, credit, FX, and commodities.
• Familiarity with both linear instruments, such as equities, bonds, futures, forwards, swaps, and ETFs, and non-linear instruments, such as options, swaptions, caps/floors, or other volatility-linked products.
• Ability to interpret common risk concepts, including beta, duration, DV01, convexity, credit spread risk, FX exposure, commodity exposure, delta, gamma, vega, theta, carry, roll-down, leverage, VaR, stress testing, and drawdowns.
• Working knowledge of Microsoft Excel, SQL, and Python.
• Previous exposure with Bloomberg or MSCI RiskMetrics is a plus.
• CFA Level I, FRM Part I, or equivalent self-study in markets, derivatives, or risk management is a plus.
• A BA/BS degree in mathematics, statistics, finance, computer science, or related field preferred.
• A collaborative team player.
• Strong attention to detail.
• A quick learner who welcomes a challenge.
• Strong execution — delivers quality work on time, even against tight deadlines.

What You’ll Get

• All the resources you’ll need to learn and grow.
• Independence to run with your ideas.
• Joining an elite team that works with some of the most sophisticated investors and entrepreneurs in the world.
• Generous benefit programs including options for health, dental, vision, disability, life insurance, 401K plan (with matching), flexible vacation, and sick leave.
• Delicious, daily lunches and snacks.
• Beautiful office space with amazing ocean views.

Application Information

Applicants must be authorized to work in the U.S. Visa sponsorship for this position is considered on a case-by-case basis. Clocktower Group is an equal opportunity employer and makes employment decisions without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability status, or any other status protected by law. While the roles at Clocktower are primarily desk-based and do not typically require significant physical demands, employees in these positions should be able to: Sit for extended periods. Use a computer and other office equipment effectively. Occasional lifting and moving of lightweight office supplies or materials.

Pay and Benefits

Salary Range: $90,000-$110,000. Compensation may vary based on experience, training, and education. This position is eligible for an annual discretionary bonus.