Position SummaryThe Head of Risk will lead TCW’s Portfolio Risk Management function within the Investment Risk & Quantitative Research (IRQR) department. Reporting to the Global Head of Investment Risk, this individual will oversee the identification, measurement, and management of portfolio-level risks across all strategies, ensuring robust governance and alignment with TCW’s fiduciary obligations. The role encompasses market, liquidity, credit, and concentration risks, with full accountability for defining portfolio risk metrics and models.
Location: Los Angeles, CA
Essential Duties
Leadership & Oversight:
- Lead TCW’s portfolio risk management function, ensuring adherence to the firm’s risk appetite and governance framework.
- Chair or actively participate in risk review meetings with portfolio managers and senior leadership.
Portfolio Risk Framework:
- Define and maintain portfolio risk metrics, methodologies, and models, including stress testing and scenario analysis.
- Ensure systematic monitoring of liquidity, concentration, credit, and factor exposures across portfolios.
Analytics & Methodology:
- Drive innovation in portfolio-level risk analytics and reporting, leveraging advanced quantitative techniques.
- Collaborate with Model Control and Analytics on integration of security-level insights into portfolio risk views.
Governance & Compliance:
- Uphold TCW’s Three Lines of Defense model and escalate risk breaches through established protocols.
- Ensure compliance with regulatory requirements and client mandates.
Team Management:
- Manage and mentor a team of risk professionals, fostering a culture of excellence, collaboration, and continuous improvement.
Strategic Initiatives:
- Partner with senior investment leaders to integrate risk insights into portfolio construction and investment decision-making.
- Contribute to firm-wide risk policy evolution and best-practice adoption.
Required Qualifications
Experience:
- 10+ years of professional experience in portfolio risk management, preferably within an asset management environment.
- Proven track record of managing risk across multiple asset classes (fixed income, equities, derivatives).
Technical Expertise:
- Strong knowledge of portfolio risk analytics, including VaR, stress testing, and factor risk decomposition.
- Familiarity with regulatory frameworks and industry best practices.
Leadership Skills:
- Demonstrated ability to lead and develop high-performing teams.
- Excellent communication skills to articulate complex risk concepts to senior stakeholders.
Education:
- Advanced degree in Finance, Economics, Mathematics, or related field preferred.
Professional Skills Qualifications
- Strategic thinker with strong judgment and flexibility.
- High integrity, ownership, and initiative.
- Ability to influence and build relationships across all organizational levels.
- Commitment to continuous improvement and innovation in risk management.
Desired Qualifications
- Knowledge of SQL, VBA, and/or Python strongly preferred
Estimated Compensation:
Base Salary: For CA based position, the base salary range is $200k to $250k. This is an anticipated range only.
Other Compensation: Eligible to be considered for an annual discretionary bonus
Benefits: Eligible for TCW’s comprehensive benefits package.
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