Investment Risk Analyst

Victory Capital•Boston, MA

3d•Onsite

About The Position

Pioneer Investments is a distinguished investment franchise within Victory Capital Management, with a long history of delivering disciplined, research-driven investment strategies. Our front office Investment Risk team plays a critical role in the investment process — partnering directly with Portfolio Managers to ensure risk is understood, measured, and managed with precision. About Victory Capital: Victory Capital is a diversified global asset management firm and employs a next-generation business strategy that combines boutique investment qualities with the benefits of a fully integrated, centralized operating and distribution platform. Victory Capital provides specialized investment strategies to institutions, intermediaries, retirement platforms and individual investors. With 12 autonomous Investment Franchises and a Solutions Business, Victory Capital offers a wide array of investment products and services, including mutual funds, ETFs, separately managed accounts, alternative investments, third-party ETF model strategies, collective investment trusts, private funds, a 529 Education Savings Plan and brokerage services. Victory Capital is headquartered in San Antonio, Texas, with offices and investment professionals in the U.S. and around the world. To learn more please visit www.vcm.com or follow Victory Capital on Facebook , Twitter , and LinkedIn . General Summary and Purpose: We are looking for an Investment Risk Analyst who brings both analytical rigor and intellectual curiosity to the table. This is not a back-office compliance role — it is a seat at the front office table, where your work directly shapes how our portfolio managers understand and navigate risk. You will maintain and enhance sophisticated risk models, synthesize complex quantitative outputs into clear investment insights, and serve as a trusted analytical partner across Portfolio Management, Institutional Marketing, RFP, and senior investment committees. If you are someone who gets energized by hard problems, thrives in a fast-paced investment environment, and wants your work to matter, this role was built for you.

Requirements

Bachelor's degree in quantitative discipline: Finance, Mathematics, Statistics, Data Science, Computer Science, or Engineering
3–5 years of professional experience in investment management, risk analytics, or quantitative research
Solid understanding of investment fundamentals across equities, fixed income, derivatives, and portfolio construction
Working knowledge of risk metrics including tracking error, VaR, beta, factor exposures, drawdown, and Sharpe ratio
Hands-on experience with industry risk platforms such as Bloomberg PORT, FactSet, or MSCI RiskMetrics
Strong written and verbal communication skills — ability to translate quantitative outputs for non-technical stakeholders
A builder's mindset: intellectually curious, with a natural drive to automate, improve, and innovate
Proficient in Microsoft Excel and VBA; comfortable managing both structured projects and fast-turnaround ad hoc requests
Self-directed and organized, with the ability to prioritize competing demands in a dynamic environment

Nice To Haves

Experience with Python or SQL for data analysis and automation
Familiarity with Performance Attribution methodologies
Progress toward a CFA or Master’s degree a plus

Responsibilities

Maintain, validate, and continuously enhance front office investment risk models used by Portfolio Managers across strategies
Prepare and distribute comprehensive investment risk reports covering market risk metrics (VaR, tracking error, stress testing), liquidity analysis, factor exposures, and other key risk indicators
Deliver risk attribution analysis and portfolio diagnostics on demand, supporting both pre- and post-trade investment decisions
Translate complex quantitative outputs into clear, actionable narratives for investment teams and senior stakeholders
Collaborate directly with Portfolio Managers on ad hoc quantitative research, special projects, and portfolio construction questions
Serve as a key analytical resource for RFP, Institutional Marketing, and Performance teams on investment risk inquiries
Support the global investment risk team across multiple regions, providing consistent and timely analysis for retail and institutional clients
Partner with investment management to build risk literacy — helping portfolio teams understand risk results, interpret model outputs, and apply insights to their decision-making
Present findings clearly and confidently to senior audiences including the Investment Committee and Risk Committee