I currently have slightly less than 3 years of experience as a desk quant for a fixed income trading desk at a top BB in NY right out of undergrad. Don't particularly like or dislike my job.
Recently a headhunter reached out recruiting for a top tier hedge fund for a risk position. Was skeptical at first but interviewed and liked it.
The firm is a large multi-strategy/asset fund. The job as a risk analyst is to look at individual portfolio positions across strategies and understand the rationale of trades being put on, make sure undesirable risk are adequately and properly hedged, and put on hedges as needed. Position is across strategy and asset class. There is also a performance attribution/explanation aspect to the job. The analyst will sit on the trading floor with the PM/traders and will interact with them daily.
I am offered significant pay raise in a desirable lower cost of living area (without too much specifics, all-in pay is equivalent to the buying power of 300k in NYC according to COL calculator).
I am not really the type who's obsessed with the job and deadset on being a BSD trader/PM one day or whatever. But I do want to get to do interesting work and at some point make mid-to-higher six figure and live comfortably.
A few questions come to mind:
1. How's a career in hedge fund risk, or risk in general?
2. How's this position in particular? Is it a decent position?
3. Are you considered an investment professional in this role?
4. Is this a job where I will learn a lot?
5. How's the pay progression?
6. Would you take it based on information about me I have given?