Vice President, Portfolio Risk

Introduction

The Vice President sits within the Portfolio Risk team and supports the assessment of how macro, geopolitical, and thematic stress events could affect the firm’s long-only equity portfolio.

The Risk Management function comprises of three teams:

• Market & Credit Risk, which focuses on factor and market exposure analysis, derivative operational risk oversight, counterparty / issuer risk oversight;
• Investment Review, which provides independent assessment of investment proposals and key investment risks at the deal level; and
• Portfolio Risk, which focuses on understanding how macroeconomic, geopolitical, and thematic stress events may translate into portfolio impacts at the industry and company level, and develop signpost monitoring.

The firm is a long-term, fundamentally driven investor focused on constructing a resilient and forward-looking portfolio that can deliver sustainable returns across market cycles. Accordingly, the team’s stress-testing approach combines bottom-up company and industry analysis with top-down awareness of macroeconomic, geopolitical, and structural shifts that may affect portfolio outcomes. 

The successful candidate will play a leading role in shaping the team's macro, geopolitical and thematic risk agenda. Beyond executing analysis, the individual is expected to frame emerging investment questions, identify risks that warrant institutional attention, and independently drive end-to-end scenario workstreams. Working closely with the Director, the role also contributes to the evolution of the team's scenario frameworks, monitoring approaches and analytical capabilities.

Responsibilities

Support Macro, Geopolitical, and Thematic Stress Scenario Analysis

• Identify and research emerging macro, geopolitical, policy, technological, regulatory, and structural themes that could materially affect the portfolio.
• Develop scenario narratives, including the nature of the event, key assumptions, potential path of development, and relevant time horizon, and recommend which risks should be prioritized by the team
• Frame key analytical questions and transmission channels including the identification of the key risk drivers within each scenario, such as demand shocks, supply disruptions, interest rates, inflation, commodity prices, currencies, regulation, tariffs, technology disruption, consumer behavior, or geopolitical escalation.
• Lead selected scenario workstreams from hypothesis through portfolio implications. including assessing which countries, sectors, industries, and major portfolio companies are most exposed to a scenario.

Translate Risk Drivers into Fundamental Industry and Company Impacts

• Lead analysis of transmission channels through which scenario risk drivers affect industry and company fundamentals.
• Challenge bottom-up assumptions for how a scenario could affect key operating metrics, including volumes, pricing, revenue growth, cost structure, margins, capex, working capital, cash flow, and earnings.
• Drive financial modelling methodology, including building, adapting, and maintaining fundamental stress models to quantify the impact of scenarios on sectors, industries, and selected companies.
• Gather, clean, and organize relevant data from company filings, industry sources, sell-side research, market data, and internal investment materials.
• Coach junior members to work through incomplete or imperfect data to propose reasonable, transparent, and well-supported analytical inputs for senior review.

Support Earnings, Valuation, and Portfolio Impact Assessment

• Synthesize company, sector and macro analysis into clear portfolio implications and investment insights. This includes
  • Translating agreed operating-metric assumptions into earnings, cash-flow, and valuation impact for affected companies and sectors.
  • Applying valuation methodologies, including DCF and intrinsic value frameworks, to estimate the potential downside or upside impact of stress events.
  • Identifying which assumptions matter most to the valuation outcome and where uncertainty is highest.
  • Prepare clear exhibits, charts, tables, and written summaries that explain the key drivers of scenario impact.
  • Recommend where portfolio vulnerabilities or opportunities warrant deeper attention
• Lead team in producing materials for portfolio risk discussions and senior management decision-making.

Monitor Early Warning Indicators

• Design and continuously refine monitoring frameworks for key macro, geopolitical and thematic risks.
• Monitor relevant macro, market, industry, company, policy, geopolitical, and alternative indicators linked to active scenarios.
• Update and maintain risk dashboards, scenario trackers, and monitoring materials with accuracy and consistency.
• Interpret indicator movements in context and flag developments that may warrant further analysis or escalation.
• Stay abreast of current and emerging developments that may affect existing scenarios or require new analysis.
• Recommend escalation when signposts suggest changing portfolio risk

Requirements

• Bachelor’s or Master’s degree in Finance, Economics, Accounting, Business, Engineering, Mathematics, or another relevant discipline.
• 8 -12 years of relevant experience in fundamental equity research, investment analysis, portfolio risk, strategy, macro research, consulting, or a related analytical role.
• Deep understanding of company and industry fundamentals, including revenue drivers, cost structures, margins, earnings, cash flow, balance sheets, and valuation.
• Practical experience with financial modelling and valuation methodologies, particularly DCF or intrinsic value analysis.
• Demonstrated ability to connect macro, geopolitical, or thematic events to sectors, industries, and company fundamentals.
• Ability to independently define analytical problems, identify the questions that matter most, and develop pragmatic frameworks for answering them
• Demonstrated ability to independently frame problems under uncertainty and drive analytical workstreams to completion.
• Comfortable working with incomplete data and making transparent, well-reasoned assumptions for review.
• Strong written and verbal communication skills, with the ability to explain analysis clearly and concisely, and represent the team in cross-functional discussions
• Intellectual curiosity and a proactive interest in global macro, industries, companies, policy, geopolitics, and structural trends.
• Curiosity and willingness to leverage emerging analytical tools (including AI) to improve research quality, productivity and monitoring capabilities
• Practical working knowledge of financial databases such as Bloomberg, CapIQ, FactSet, Refinitiv, or similar platforms.
• Programming skills in Python, R, SQL, or similar tools are advantageous but not required.