Hedge Fund Risk Managers
Risk managers identify, analyze, and work to reduce risks at hedge fund firms. These risks range from financial risks to concerns about a firm’s compliance, operational, or Information Technology divisions. Risk managers are also known as chief risk officers and risk officers.
Minimum Education Level
Risk managers earned median annual salaries of $111,346 in March 2020, according to Salary.com. Earnings ranged from $96,527 to $127,455 or more.
Salaries are higher in the alternative investment industry. According to Risk Talent Associates’ 2011 Professional Compensation Survey (the most recent data that is available), chief risk officers at alternative investment firms earned an avera...
Risk managers work in comfortable offices that are equipped with the latest technology. At large firms, they are assisted by risk associates. Risk managers frequently meet with compliance, investment, legal, and operations professionals to review potential risk areas and address ongoing issues. These meetings can sometimes be contentious if a firm’s managers do not agree with the opinions of th...
The U.S. Department of Labor classifies risk managers under the general category of “financial managers.” It predicts that employment for financial managers who work for firms that manage funds, trusts, and other financial vehicles will grow by 39.3 percent through 2028, or much faster than the average for all careers.
One major trend affecting the hedge fund industry are the changing de...