Investment Risk Analyst

Manulife • Boston, MA

7d • $116,000 - $202,000 • Hybrid

About The Position

The Investment Risk Analyst works across a range of portfolios and asset classes and serves as the primary IRCS analyst for an assigned group of portfolios. The role involves developing a deep understanding of investment teams’ philosophies and processes, independently assessing portfolio risks and positioning, and providing actionable quantitative and portfolio construction insights to portfolio managers and senior investment stakeholders.

This position combines independent risk oversight with analytical support to help ensure portfolios are managed consistently with their stated investment processes, objectives, and risk parameters. The analyst develops a strong understanding of portfolio strategies, identifies and communicates areas of risk, and provides actionable insights to investment teams and senior stakeholders. The role is based in Boston, Massachusetts, with a hybrid working arrangement.

Requirements

• Minimum of 5 years of experience in a quantitative, investment risk, portfolio construction, or related investment field, preferably within an asset manager, bank, or other financial institution.
• Strong quantitative and analytical skills, with the ability to translate complex analysis into clear investment insights.
• Strong programming skills in R and/or Python, with experience working with financial and portfolio data.
• Bachelor's or master's degree in finance, mathematics, statistics, mathematical finance, financial engineering, economics, computer science, or a related quantitative field.
• Strong understanding of financial markets, investment instruments, and portfolio risk.
• Ability to communicate effectively with portfolio managers, senior investment professionals, and quantitative and non-quantitative stakeholders.

Nice To Haves

• Strong knowledge of portfolio risk and portfolio construction concepts, including factor exposures, concentration, tracking error, volatility, stress testing, scenario analysis, and performance attribution.
• Experience analyzing multiple asset classes, particularly equities and fixed income.
• Ability to exercise sound judgment, distinguish material investment risks from less significant issues, and communicate findings clearly.
• Strong written and verbal communication skills, with the ability to present quantitative concepts in a practical and accessible manner.
• CFA designation, progress toward the CFA designation, FRM, or another relevant professional qualification is an asset.

Responsibilities

• Serve as the primary risk and portfolio construction analyst for an assigned group of portfolios, developing a strong understanding of their investment philosophy, process, positioning, and key sources of risk.
• Partner with portfolio managers and investment teams to evaluate portfolio risks, positioning, and portfolio construction decisions.
• Independently monitor portfolios and assess whether they are being managed consistently with their stated investment process, objectives, and risk parameters.
• Conduct quantitative portfolio analysis, including analysis of factor exposures, concentration, liquidity, stress testing, scenario analysis, and other relevant risk measures.
• Identify emerging or unintended risks and determine which issues require further analysis, discussion with portfolio managers, or escalation.
• Present portfolio analysis and risk insights clearly to portfolio managers, investment leadership, and other stakeholders.
• Contribute to the ongoing development and enhancement of the team's risk management and portfolio construction frameworks, analytics, and processes.
• Support regular risk monitoring and reporting activities while helping improve the efficiency and scalability of these processes.
• Develop, maintain, and enhance analytical tools and workflows using R and Python.
• Work with risk, market, and portfolio data across multiple platforms and contribute to improving the quality and usability of the team's analytical infrastructure.
• Collaborate with global colleagues on cross-asset risk issues, analytical initiatives, and broader team priorities.

Benefits

• Customizable health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage.
• Adoption/surrogacy and wellness benefits.
• Employee and family assistance plans.
• Retirement savings plans, including pension/401(k) savings plans and a global share ownership plan with employer matching contributions.
• Financial education and counseling resources.
• U.S. paid time off includes up to 11 paid holidays, 3 personal days, 150 hours of vacation, and 40 hours of sick time each year, or more where required by law.
• Statutory leaves of absence.
• Incentive programs and incentive compensation tied to business and individual performance.

What This Job Offers

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