Risk Specialist

Legal & Compliance New York, New York


What we do:  

First Eagle is an independent, privately owned investment management firm headquartered in New York with approximately $134 billion in assets under management (as of December 31, 2023). Throughout a heritage that dates to 1864, the firm has sought to generate attractive real returns for our clients over the long term. This tradition remains central to our mission today, guided by a set of core investment tenets that sustains our culture while also allowing philosophical autonomy among our talented portfolio management teams. First Eagle’s range of actively managed equity and equity-oriented, public and private credit, multi-asset and alternative strategies reflect our dedication to disciplined and unconventional thinking, a global perspective and the long-term alignment of interests.  

   

What drives us:  

At First Eagle, clients come first, always. To deliver on this commitment, we nurture an environment that attracts, develops, and retains a talented, inclusive workforce. We also aim to inspire each of our employees to do their life’s best work with us and for our clients. We have built a culture that promotes equity, diversity, and respect, and holds every member of the organization to the highest standards of integrity and accountability.   


Who we are looking for:  

First Eagle (“the Firm”) is seeking an experienced Risk Specialist to join our Risk Management team in New York. The Risk Management team is responsible for providing independent risk oversight and advice to business units, as well as risk analysis to support the Firm’s strategic goals. The successful candidate will become an integral part of the team covering both investment and operational risks.   


What you will do:   

  • Monitor and report on firmwide exposure by counterparty, issuer, country, etc. against internal risk limits or trigger indicators; perform risk surveillance around liquidity and default risks
  • Perform daily portfolio risk monitoring across existing portfolios using applicable metrics, investigate when the metrics exceed internally defined or regulatory thresholds, escalate as needed
  • Conduct periodic stress testing and scenario analysis to detect extreme yet plausible circumstances that may impact the Firm’s portfolios
  • Set up framework to demonstrate and track stylistic features of various investment strategies and to monitor dispersion across different portfolios within the same strategy 
  • Conduct ad hoc analysis when seeing unexpected results from ongoing risk monitoring or to provide forward-looking view given anticipated market changes
  • Support the maintenance and continued improvement of the Firm’s risk management framework, including key risk indicators and dashboard reporting
  • Effectively engage with Legal and Compliance teams and provide risk-related support, such as regulatory compliance, new product/fund launching, and best-practice initiatives 
  • Respond to inquiries from clients, regulators, auditors, or 3rd party relations with regard to the Firm’s risk management practice

   

The qualities you should have:  

  • Undergraduate degree in finance, economics, financial engineering, or related field
  • CFA and/or FRM preferred
  • 7+ years' relevant work experience with an investment management firm in risk management or with an analytics provider (e.g., Bloomberg, Factset, MSCI) supporting buyside firms on investment or risk analysis
  • Knowledge of risk characteristics and technics across equities, fixed income (including leveraged loans, securitized products, real estate), and derivatives; knowledge of private debt helpful; familiarity with US 40 Act regulations required
  • Proven quantitative and analytical skills combined with control-oriented mindset; good understanding of key operational aspects and workflows at an investment management firm
  • Proficiency in Bloomberg, FactSet, MSCI Risk Manager (aka RiskMetrics)
  • Proactive with intellectual curiosity, can-do attitude, and strong sense of responsibility
  • Collegial and collaborative team player with the ability to work both independently and as part of a team
  • Excellent communication skills; ability to develop and maintain good working relationships with internal stakeholders

  

 

Base Salary range: $140,000 to $180,000. In addition, this role is eligible for an annual incentive bonus. Compensation may vary based upon, but not limited to – the individual's skills, experience, qualifications, and internal equity. 

   

We value our people and offer a broad range of benefits. We provide generous paid time-off, medical/dental/vision healthcare plans, 401(k) retirement and profit-sharing plans, a flexible/hybrid work environment, “dress for the day” flexible work attire, and many more great benefits. For more information, please refer to our First Eagle Benefits website.  

   

First Eagle Investment Management, LLC (FEIM) is an Affirmative Action and Equal Opportunity Employer.  Equal Employment Opportunity has been, and will continue to be, a fundamental principle at FEIM, where employment is based upon personal capabilities and qualifications without regard to race, color, religious belief, including dress and grooming practices, sex, sexual orientation, gender identity, gender expression, age, national origin, marital status, citizenship, disability, veteran status, pregnancy, breastfeeding or medical conditions related to breastfeeding, status as a victim of domestic violence, sexual assault, or stalking, or any other basis protected by applicable federal, state or local law, genetic information or characteristics (or those of a family member), or any other protected characteristic as established by law.