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Innocap · 1 day ago

Senior Specialist, Risk and Data

New York

Full-time

Onsite

Senior Level

7+ years exp

Innocap is a leading firm in managed account platform services, specializing in alternative investments. The Senior Specialist, Risk & Data is responsible for ensuring the integrity and usability of hedge fund holdings data for performance and risk measurement, coordinating across stakeholders, and driving process improvements for high-quality analytics.

Business DevelopmentFinanceFinancial Services

Responsibilities

Act as the escalation point for complex data inquiries and issues impacting holdings-based performance and risk measurement in client reporting

Validate and reconcile hedge fund holdings, pricing, and security-level data across multiple sources

Coordinate with hedge fund administrators, trading advisors, and counterparties to resolve discrepancies and breaks

Serve as a liaison between Risk & Data and internal teams (Investment, Platform Operations, Platform Accounting, and Technology) to ensure data alignment across functional groups

Coordinate resources and remediate data issues promptly

Design and enforce rigorous quality control procedures tailored to hedge fund strategies, asset classes, and performance/risk methodologies

Drive and maintain a data governance framework for hedge fund holdings, ensuring compliance with internal standards

Ensure performance and risk analytics are accurate, robust, and suitable for consumption by sophisticated institutional investors and senior stakeholders

Maintain a tracking system for client inquiries and data issues to monitor trends and resolution timelines

Identify and lead workflow enhancements, automation initiatives, and system improvements to increase efficiency and streamline reconciliation and anomaly resolution

Define and implement tailored ETL processes for various hedge fund holding data feeds

Qualification

Investment risk managementData governanceQuantitative analyticsRisk analytics platformsFinancial instruments knowledgeHedge fund strategiesData workflows managementProcess improvementsClient communicationAttention to detail

Required

7+ years of experience in investment risk management, data governance, or quantitative analytics within alternative investments or institutional asset management

Bachelor's degree in Finance, Economics, Data Science, or a related quantitative field; CFA or FRM designation strongly preferred

Demonstrated ability to manage complex holdings-based data workflows, including reconciliation, validation, and issue resolution for performance and risk reporting

Proven experience in implementing and optimizing data governance frameworks and quality control processes for multi-asset hedge fund strategies

Strong hands-on expertise with risk and analytics platforms (e.g., Axioma, BlackRock Aladdin, RiskMetrics, Barra, FactSet) and advanced proficiency with Bloomberg and Refinitiv Eikon

In-depth knowledge of financial instruments and pricing mechanics across equities, fixed income, derivatives, and structured products

Solid understanding of hedge fund strategies (e.g., equity long/short, global macro, credit, relative value, multi-strategy) and their risk characteristics

Advanced working knowledge of risk analytics methodologies, including Value at Risk, Stress Testing, Sensitivity Analysis, and Greeks

Ability to translate complex data and analytics into actionable insights for internal stakeholders and client-facing teams

Highly detail-oriented, proactive, and capable of driving process improvements and automation initiatives to enhance scalability and efficiency