MD, Head of Multi-Asset Risk Management at Avature

The Head of Multi-Asset Risk Management will serve as a key leader within the firm’s investment management team, focusing on the design, implementation, and oversight of multi-asset financial risk management frameworks. This individual will be responsible for driving the risk management of semi-liquid investment products and solutions across private markets.

The role requires a strategic thinker with advanced expertise in portfolio management, stochastic modeling, risk management, and liquidity strategy. This individual will work closely with the Chief Investment Officer (CIO), senior leadership, and clients to enhance portfolio construction, optimize asset allocation, and manage risk across complex investment structures. As the face of the firm’s multi-asset risk management, the candidate will also engage with our financial partners, gather market intelligence, and shape innovative strategies.

The role can be based in our office in New York City or Washington, D.C.

Responsibilities

Strategic Leadership:

• Develop and execute a comprehensive framework for managing the firm’s multi-asset risk, including managing liquidity risks in semi-liquid, multi-asset portfolios to deliver superior risk-adjusted returns.

Portfolio Strategy and Risk Management:

• Design and refine optimization algorithms and risk management tools using advanced computational statistics and programming (e.g., R, Python).
• Implement sophisticated portfolio strategies with a focus on liquidity risk, performance optimization, NAV development, and the unique challenges of illiquid investments.
• Conduct stress testing, scenario analysis, and performance evaluation to ensure portfolio integrity and alignment with investment objectives.

Product Development and Innovation:

• Collaborate on the creation, launch, and management of multi-asset class investment products in collaboration with the CIO and senior leadership.
• Enhance portfolio construction and asset allocation methodologies to meet risk targets, client objectives, and regulatory requirements.
• Develop semi-liquid product structures that balance performance, liquidity, and risk.

External Engagement:

• Collaborate with the firm’s financial partners to manage liquid risk and receive superior market execution.
• Leverage market intelligence to refine product offerings and identify opportunities that balance innovation and risk objectives.

Qualifications

Requirements:

Education & Certificates:

• Advanced degree in finance, actuarial, economics, mathematics or related field preferred.
• Professional certifications (e.g. FSA, CFA) ideal.

Professional Experience:

• 12+ years of experience in financial risk management or related area.
• Advanced expertise in portfolio management, risk management, internal control and corporate governance framework(s), and stochastic modeling.
• Track record of designing and implementing effective risk management frameworks.
• Proficiency with programming languages such as R, Python, or equivalent tools for optimization and analytics.
• Demonstrated success in managing multi-asset risk and portfolio management.
• Strong leadership and communication skills, with the ability to engage effectively and quickly gain the trust of senior stakeholders and clients.
• Anticipates and interprets market changes, envisions the future, and decides strategic priorities.
• Ability to influence professionals at all levels of the organization, regardless of reporting relationships.
• Reputation for ethical conduct and unquestionable integrity.
• Brings creativity and intellectual curiosity in dealing with complex issues.

The compensation range for this role is specific to New York and takes into account a wide range of factors including but not limited to the skill sets required/preferred; prior experience and training; licenses and/or certifications. The anticipated base salary range for this role is $400,000.

In addition to the base salary, the hired professional will enjoy a comprehensive benefits package spanning retirement benefits, health insurance, life insurance and disability, paid time off, paid holidays, family planning benefits and various wellness programs. Additionally, the hired professional may also be eligible to participate in an annual discretionary incentive program, the award of which will be dependent on various factors, including, without limitation, individual and organizational performance.

Due to the high volume of candidates, please be advised that only candidates selected to interview will be contacted by Carlyle.

Company Information

The Carlyle Group (NASDAQ: CG) is a global investment firm with $447 billion of assets under management and more than half of the AUM managed by women, across 612 investment vehicles as of September 30, 2024. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world's largest and most successful investment firms, with more than 2,300 professionals operating in 29 offices in North America, Europe, the Middle East, Asia and Australia. Carlyle places an emphasis on development, retention and inclusion as supported by our internal processes and seven Employee Resource Groups (ERGs). Carlyle's purpose is to invest wisely and create value on behalf of its investors, which range from public and private pension funds to wealthy individuals and families to sovereign wealth funds, unions and corporations. Carlyle invests across three segments - Global Private Equity, Global Credit and Investment Solutions - and has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation.

At Carlyle, we value diversity as a key driver of performance and success. Our CEO, Harvey Schwartz, has stated that, "To build better businesses and create value for all of our stakeholders, we are focused on assembling leadership teams with the strongest insights from a range of perspectives." Our aim is to cultivate a community where insights are continually exchanged and different perspectives are embraced. We recognize that diverse teams perform better and we are dedicated to leveraging diversity as a competitive advantage at Carlyle.