Description

Mesarete Capital is a London based discretionary Emerging Market Credit Investment Manager that launched in 2021. Our team of 27 is primarily London based working out of our central London office on Golden Square. Due to an internal move we are looking for a new London team member to join us as the primary independent risk management officer for the firm.

Our focus is global credit in liquid emerging markets - sovereign, quasi-sovereign and corporates. We are looking for a talented individual who understands markets and risk but also has a creative mindset and good technical skills to further develop our risk management process to facilitate business whilst ensuring that we meet our mandates in a controlled manner. The risk function reports to the COO and you will work collaboratively with our investment team to provide effective risk oversight and analysis across our business

Experience

1. 7+ years of experience in fixed income market risk roles, including hedge fund experience in a front-line risk management role
2. Deep knowledge and experience in Emerging Markets, with expertise in global Fixed Income, Rates, FX, and derivatives
3. Collaborative mindset, self-starter, able to recognise priorities and manage workload effectively
4. Excellent communication skills, with the ability to present complex risk concepts to senior stakeholders
5. Ideally strong programming skills in Python and SQL
6. Advanced academic background in a quantitative discipline (e.g., mathematics, engineering, physics, finance)

Technical skills and experience are important, but as a firm we also highly value soft skills - flexibility, teamwork and dedication to excellence. If you have these and the requisite experience then we would love to hear from you.

Core responsibilities

Own and run our daily risk reporting framework and continue to evolve as the business develops.

Ensure the firm's risk appetite is defined with measurable limits, maintaining robust governance through documented policies and regular reviews, and manage and continue to evolve monitoring and reporting systems in line with best practices. The role involves close collaboration with internal teams, investors, and counterparties, providing accurate risk reporting and supporting regulatory compliance. The risk function should align with our business objectives and regulatory requirements whilst maintaining independence from the portfolio management function.

1. Daily Risk Strategy Monitoring & Reporting Infrastructure

Own, and continuously improve the risk strategy and control framework. Work with senior personnel to define strategy risk parameters, setting and monitoring appropriate measurable limits (e.g., DV01, VAR, JTD, beta-adjusted CS01). To do this effectively, you will need a solid understanding of all the positions in the book and their supporting rationale.

Work with our QD to maintain a robust and scalable risk monitoring and reporting environment and enhance as relevant to ensure we are always aligned with market best practices whilst meeting the business needs.

1. Policies & Governance

Maintain, and govern core risk-related policies (such as the Risk Policy), ensuring regular reviews and COO/fund director sign-off. Keep governance processes up to date with relevant changes. Prepare materials and run the monthly Risk Committee.

1. Stakeholder Engagement

Collaborate with internal teams, investors, counterparties, regulators, and other external parties. Provide data, reporting, and materials for investor meetings, due diligence, and counterparty credit reviews.

1. Regulatory Compliance

Support periodic and ad hoc regulatory reporting requirements (e.g. SEC/FCA and others).