Job Summary We are seeking a Risk Analyst with 4–6 years of experience to join our family office's investment team. The role will be responsible for monitoring and analysing risk across the family's consolidated investment portfolio covering multiple entities, asset classes and geographies.
The portfolio includes equities, fixed income, mutual funds, PMS/AIFs, alternative investments, private markets, commodities and overseas investments.
The Risk Analyst will develop and maintain portfolio risk analytics, monitor risk limits and concentrations, conduct VaR, sensitivity and stress-testing analysis, assess liquidity and drawdowns, and evaluate the impact of new investments on the overall portfolio. The candidate will also work closely with the investment, operations and technology teams to implement the risk management framework through the technology platform.

Key Responsibilities
1. Portfolio Risk Monitoring
Monitor risk at instrument, asset-class and consolidated portfolio levels .
Track compliance with the approved Investment Policy Statement (IPS) and Pools of Capital framework.
Monitor concentrations across securities, sectors, issuers, asset classes and investment managers.
Identify emerging risks and highlight significant changes to senior management.
Maintain Green / Amber / Red risk indicators and escalation triggers.
2. VaR, Sensitivity and Stress Testing
Develop and maintain Parametric VaR at 95% and 99% confidence levels .
Calculate VaR at instrument, asset-class and portfolio levels.
Analyse risk contribution and diversification across investments.
Conduct sensitivity analysis for:
Equities
Fixed Income
Commodities including Gold, Silver, Metals and Agri
Develop historical and hypothetical stress scenarios and assess their impact on the portfolio.
Identify the key instruments and asset classes contributing to losses under stress scenarios.
3. Exposure and Look-through Analysis
Analyse direct and indirect portfolio exposures across mutual funds, ETFs, PMS and other pooled vehicles.
Calculate the family's effective exposure to individual securities and sectors after considering underlying fund holdings.
Monitor:
Top security exposures
Top sector exposures
Corporate-group concentration
Manager / AMC concentration




Track the percentage of the portfolio for which underlying look-through information is available.
4. Liquidity, Funding and Leverage Risk
Monitor portfolio liquidity and classify investments based on expected liquidation periods.
Track unfunded commitments, expected capital calls and upcoming funding requirements.
Monitor borrowings, collateral, LTV, financing costs and maturity profiles.
Assess whether portfolio obligations can be met without requiring forced sale of long-term investments.
5. Performance and Drawdown Risk
Calculate and monitor at instrument, asset-class and portfolio levels:
Returns
Volatility
Sharpe Ratio
Sortino Ratio
Maximum Drawdown
Current Drawdown
Recovery Period
Compare performance against relevant benchmarks and identify investments where returns are not adequately compensating for the risk taken.
6. Cost and Investment-Level Risk
Develop an all-in cost framework covering TER / management fees, performance fees, platform/advisory charges, custody costs, financing costs, hedging costs and other applicable charges.
Calculate all-in cost at the investment level and weighted cost at the portfolio level.
Develop and monitor a Mandatory Review / Stop-loss framework .
Identify investments requiring review due to:
Significant drawdown
Persistent underperformance
Rating downgrade
Covenant or governance issues
Material deterioration in the investment thesis
The framework should trigger a formal review and not automatically result in a sale.
7. Pre-Investment Portfolio Risk Assessment
Assess the portfolio impact of proposed investments before capital is committed.
Compare the portfolio before and after the proposed investment across:
IPS and Pool headroom
VaR
Sharpe / Sortino
Stress loss
Liquidity
Security / sector concentration
Risk contribution
Portfolio cost
Highlight whether the proposed investment is expected to improve, remain neutral to, or worsen the overall portfolio risk profile .
8.



Risk Reporting and Technology Implementation
Prepare monthly and quarterly risk reports for senior management and the Investment Committee.
Develop concise dashboards covering VaR, stress risk, liquidity, concentration, drawdowns, costs and open risk actions.
Work with the technology/vendor team to automate the risk management framework.
Support migration of validated Excel risk models into the technology platform.
Validate data received from portfolio systems such as MProfit .
Reconcile Excel calculations with production-system outputs.
Maintain documentation of risk methodologies, assumptions and calculation processes.
9. Have knowledge of credit risk

Collaboration and Communication
Work closely with asset-class owners across Equity, Fixed Income and Alternatives.
Coordinate with Operations to ensure completeness and accuracy of portfolio data.
Work with Technology / external vendors for implementation of the risk platform.
Present key risks, exceptions and analytical findings clearly to senior management and the Investment Committee.
Qualifications

- Bachelor's or Master's degree in Finance, Economics, Mathematics, Statistics, Engineering or a related field .
- 4–6 years of relevant experience in portfolio risk, investment risk, asset management, wealth management, family office, treasury or a related role.
- FRM, CFA or progress toward either qualification is preferred.

~ Strong understanding of:

- VaR
- Volatility
- Correlation and covariance
- Sensitivity analysis
- Stress testing
- Drawdown analysis
- Sharpe and Sortino ratios
- Portfolio diversification
- Good understanding of multiple asset classes, including equities, fixed income, mutual funds, alternatives and commodities.
- Advanced proficiency in Microsoft Excel .
- Working knowledge of Python, SQL, Power BI or similar tools would be an advantage.
- Familiarity with Bloomberg or other market-data platforms would be preferred.
- Strong quantitative, analytical and communication skills.
- Ability to translate complex risk analysis into clear and practical insights for senior management.

This role offers an opportunity to play an significant part in building and institutionalising the risk management framework of a family office , covering both portfolio analytics and technology implementation.

📌 Director, Investment and Credit Risk (Ahmedabad)
🏢 Resolute
📍 Ahmedabad