Investment Risk Analyst

Manulife • Boston, MA

5d • 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 each investment team’s philosophy and process, independently assessing portfolio risks and positioning, and providing actionable quantitative and portfolio construction insights to portfolio managers and senior investment stakeholders. The analyst helps ensure portfolios are managed consistently with their stated investment processes, objectives, and risk parameters.

The successful candidate will develop a strong understanding of portfolio strategies, identify and communicate areas of risk, and provide actionable insights to investment teams and senior stakeholders. The role also contributes to the development of risk management and portfolio construction frameworks, analytics, processes, reporting, and analytical infrastructure. The position is hybrid and based in Boston, Massachusetts.

Requirements

• At least 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, including 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, understanding 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 managed consistently with their stated investment processes, objectives, and risk parameters.
• Conduct quantitative portfolio analysis, including 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 development and enhancement of risk management and portfolio construction frameworks, analytics, and processes.
• Support regular risk monitoring and reporting activities and help improve their efficiency and scalability.
• Develop, maintain, and enhance analytical tools and workflows using R and Python.
• Work with risk, market, and portfolio data across multiple platforms and help improve the quality and usability of analytical infrastructure.
• Collaborate with global colleagues on cross-asset risk issues, analytical initiatives, and broader team priorities.

Benefits

• Eligible employees may access customizable health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage.
• Adoption/surrogacy and wellness benefits, and employee/family assistance plans.
• Retirement savings plans, including pension and 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 (or more where required by law).
• Statutory leaves of absence.
• Opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.
• Flexible environment with support for learning, career growth, well-being, and inclusion.

What This Job Offers

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