Equity Investment Risk Manager

Lazard Careers • , NY

6d • $175,000 - $200,000

About The Position

Lazard is one of the world’s preeminent financial advisory and asset management firms. Our people and culture make the difference . While global in presence and reach, ours is a close, collaborative community of just over 3,000 professionals. Lazard is a place of continuous knowledge sharing, skill development and relationship building, where professionals grow and succeed together. Our entrepreneurial culture, flat structure and embrace of individual differences, allow creative ideas, original concepts, and unique perspectives to drive our business forward — and for careers to take flight. We are looking for a talented and experienced Equity Risk Manager to join our team. You will be responsible for identifying, measuring, monitoring, and managing the risks associated with our equity portfolios. You will work closely with portfolio managers, analysts, and other risk management professionals to ensure that our investment strategies align with our risk appetite and comply with relevant regulations. We’ll trust you to: Lead equity risk oversight across global portfolios, ensuring alignment with the firm’s risk appetite, investment philosophy, and regulatory requirements. Oversee the design, enhancement, and governance of equity risk models, including factor model selection, validation, and implementation. Partner with CIOs, PMs, and senior analysts to evaluate portfolio construction decisions, exposures, and performance drivers through a risk adjusted lens. Direct the development and interpretation of advanced analytics, including factor decomposition, tail risk evaluation, liquidity metrics, and stress/scenario analysis. Present key risk insights, trend analyses, and escalation items to senior management, investment committees, and risk governance bodies. Guide methodology for limit frameworks, monitoring thresholds, and early warning indicators across strategies and geographies. Oversee enhancements to risk technology, reporting, and data quality in partnership with Technology, Data, and Operations teams. Utilize advanced automation and AI enabled analytical tools to strengthen oversight, improve monitoring efficiency, and support risk informed decision making while ensuring appropriate governance and controls.

Requirements

• 7+ years of experience in equity investment risk management within asset management, hedge funds, or global financial institutions.
• Deep expertise with factor risk models (e.g., MSCI Barra, Axioma) and strong understanding of portfolio construction techniques.
• Strong quantitative capabilities, with fluency in Python, SQL, and modern risk analytics environments.
• Experience leading cross functional initiatives and presenting to senior investment committees.
• Demonstrated ability to translate complex risk concepts into clear, actionable insights for investment professionals.
• Proven track record of influencing portfolio construction decisions and enhancing risk management frameworks.
• Demonstrated interest in how AI can optimize portfolios and investments with lower risk and better outcomes for clients.
• Strong leadership presence, judgement, and ability to operate in a fast paced investment environment.
• Bachelor’s degree in finance, economics, engineering, mathematics, or a related field; advanced degree or professional designation (CFA, FRM) preferred.

Nice To Haves

• advanced degree or professional designation (CFA, FRM) preferred

Responsibilities

• Lead equity risk oversight across global portfolios, ensuring alignment with the firm’s risk appetite, investment philosophy, and regulatory requirements.
• Oversee the design, enhancement, and governance of equity risk models, including factor model selection, validation, and implementation.
• Partner with CIOs, PMs, and senior analysts to evaluate portfolio construction decisions, exposures, and performance drivers through a risk adjusted lens.
• Direct the development and interpretation of advanced analytics, including factor decomposition, tail risk evaluation, liquidity metrics, and stress/scenario analysis.
• Present key risk insights, trend analyses, and escalation items to senior management, investment committees, and risk governance bodies.
• Guide methodology for limit frameworks, monitoring thresholds, and early warning indicators across strategies and geographies.
• Oversee enhancements to risk technology, reporting, and data quality in partnership with Technology, Data, and Operations teams.
• Utilize advanced automation and AI enabled analytical tools to strengthen oversight, improve monitoring efficiency, and support risk informed decision making while ensuring appropriate governance and controls.

Benefits

• We strive to enhance the total health and well-being of our employees through comprehensive, competitive benefits.
• Our goal is to offer a highly individualized employee experience that enables you to balance your commitments to career, family, and community.
• When you work for Lazard, you are working for an organization that cares about your unique talents and passions and will continue to invest in the development of your career.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level