Quantitative Associate

The Risk Team

The Risk Team works closely with our colleagues across Investments, Treasury, Operations, and Legal to assess and manage the risks we and our investors face.  The nature of our work, and our team culture, is defined by the following characteristics:

• Strategic and Disciplined Decision Making: We add value through an in-depth understanding of the nature and impact of various risks and consistently reflecting them in our decisions. We aim to ensure that our portfolios are sufficiently resilient without undue cost or unreasonably limiting our investment opportunities.
• Thought Partnership: We are independent, but not isolated. We aim to get to the best understanding and approach through collaborating with our colleagues. We are not afraid to challenge or be challenged, supported by our mutual commitment to the interests of our clients.
• Uniquely Broad Portfolio: The diversity of our investments – across strategies, markets, and legal structures – creates a complex and evolving opportunity set that demands and provides significant opportunity for professional development. We embrace this opportunity and prioritize the development of our team members and collective capabilities.
• Operational Excellence: We ensure our decisions are accurately implemented every day through rigorous upfront testing of our systems and daily diligence. We need to understand the limitations of each process and recognize when it does not apply to a new situation.
• Innovative Thinking: We try to learn from the collective experience of our profession across the industry while being unafraid of doing things differently (after rigorous evaluation).

The Position

The position reports to our Head of Risk Special Projects and will support all efforts pertaining to executing projects to enhance MIO’s Risk capabilities across multiple risk strips including but not limited to Liquidity, Counterparty, Operational and Market Risk. 

The Quantitative Associate would:

• Work with our Head of Risk Special Projects, MIO’s Chief Risk Officer, and the rest of MIO’s Risk team on enhancing MIO’s risk frameworks, methodologies, capabilities, reporting, and systems/applications.
• Build prototypes and help implement enhancements to our systems and reporting infrastructure to reflect framework refinements, portfolio changes, or additional reporting requirements.
• Work with the Investment, Treasury, Finance, Legal, and Operations teams to develop, socialize and implement enhancements.
• Expect to work on multiple projects simultaneously; these projects may include ad-hoc analyses, data visualization, and calculating pro-forma risk metrics.
• Potential projects include but are not limited to
  • Draft ‘crisis playbooks’, working across functions (Investments, Treasury, Legal, Operations) to define triggers, identify critical decisions, and determine process and analytics to support these decisions.
  • Create documentation of enhanced liquidity and counterparty risk frameworks, systems, data, and report generation; update associated policies and procedures.
  • Develop framework and develop playbook to assess and mitigate tail risks related to investing in specific markets

Perform research and industry benchmarking to ensure MIO’s risk management capabilities follow best practices

Skills

• Distinctive analytical and quantitative problem solver. Highly effective in defining, structuring, and solving a range of problems including less defined or ambiguous problems.
• Has in-depth understanding of and comfort with probability and statistics.
• Naturally curious, strives to deeply understand context and rationale underlying calculations and be able to dig into details and achieve number accuracy.
• Clear oral and written communication; can distill and communicate the “so what”; able to communicate directly with a senior audience.
• Proficiency in Excel and Powerpoint.
• Experience in financial risk management (market, liquidity, counterparty) is a plus. However, we would consider distinctive candidates without this experience and support them in learning financial risk management.

Desired background

• 2+ years of professional experience including time at a premier management consulting firm with focus on financial services or multi-manager platform of allocator, hedge fund, or leading investment bank.
• Distinctive academic pedigree. Minimum Bachelor’s degree in Mathematics, Physics, Philosophy, Economics, Computer Science, or Engineering with a quantitative focus.
• FRM or PRMIA designation is a plus.