Risk Manager

About SummitTXSummitTX Capital, L.P., is an institutional hedge fund manager founded in 2015. It employs an open architecture, multi-portfolio manager, and multi-strategy equity-oriented business model and manages ~$3 billion for global investors. SummitTX is headquartered in Fort Worth, Texas, and maintains a significant presence in New York. With a long-standing track record of success in the fundamental investment industry, SummitTX continues to evolve and expand its capabilities. We are currently growing our Risk team, an opportunity to join a dynamic, innovative group within a respected and scaling firm. This role offers a unique chance to help shape a cutting-edge quantitative risk platform from the ground up, while leveraging the infrastructure and insight of a firm with deep market expertise. 

Position SummarySummitTX is seeking a seasoned Risk Manager to contribute to the firm’s enterprise risk management. This individual will work closely with the Chief Risk Officer (CRO) to monitor investment and firm-wide risk exposures, develop risk analytics, and help shape the risk culture across the platform. As a senior member of the Risk team, the Risk Manager will focus on delivering robust and scalable risk oversight processes. 

Key Responsibilities

Portfolio & Market Risk Oversight

   Monitor exposures across all strategies to ensure alignment with investment guidelines and the firm’s risk appetiteAnalyze concentration, liquidity, leverage, tail, and cross-portfolio risks

   Review and challenge portfolio construction, hedging approaches, and scenario assumptionsRisk Analytics & InfrastructureDesign and enhance risk infrastructure including P&L attribution, Value-at-Risk (VaR), stress testing, and real-time exposure tracking    Leverage internal tools and third-party systems to refine risk measurement and visualizationBuild and maintain risk dashboards and reporting for investment and senior management teamsGovernance & Control

   Support the CRO in managing risk policies, limits frameworks, and escalation protocolsContribute to risk reviews of individual PMs, trading books, and new strategy proposals

   Provide a risk perspective during onboarding/offboarding of managers and new strategiesQualificationsMinimum 10 years of experience in risk management at a hedge fund, multi-manager platform, or sell-side risk group

   Master’s degree in a STEM field such as Mathematics, Physics, Computer Science, or Engineering preferredBachelor’s or Master’s degree in a quantitative discipline such as Finance, Economics, Mathematics, or Engineering

   Strong understanding of equities and equity derivatives; familiarity with portfolio construction, risk budgeting, and factor risk modelsProficiency with quantitative tools and programming languages (e.g., Python, R, SQL)

   Ability to collaborate with other quantitative research members as well as the senior portfolio manager

CompensationBase Salary Range: $150k to $250k, contingent on experienceDiscretionary annual bonus eligible