What are the responsibilities and job description for the Senior Quantitative Risk Associate position at miopartners?
MIO Partners, Inc. (MIO) provides proprietary investment products to McKinsey’s retirement plan and partners and offers independent, high-quality financial advice to McKinsey’s partners. We manage a wide array of investment vehicles with significant expertise and a long and successful track record in alternative strategies, including hedge funds and private equity. We have a multibillion-dollar portfolio of assets under management, and we manage assets for and advise only McKinsey-related clients; we do not accept outside or third-party investments.
MIO is a values-based organization that is strongly aligned with our investors’ interests. MIO measures success as performance relative to a market-based benchmark.
MIO, a 250 person registered investment adviser, provides ample opportunities for somebody with an entrepreneurial drive to shine. We strive to meet the highest professional standards and build an organization that attracts, develops, and retains exceptional people. MIO is a wholly owned subsidiary of McKinsey, but our activities are kept entirely separate from those of the consulting Firm.
Position
The role will be focused on our SMA platform and hedge fund investments; report to our Head of Investment Manager Risks; and work closely with our risk, investment, and tech teams. The role will support our Head of Investment Manager Risks who leads our efforts related to (1) managing our portfolio’s market exposure, (2) assessing the financial risks of our investments, and (3) working with colleagues and external HF managers to reduce risk where appropriate.
Primary responsibilities
Work with risk, investment, and tech teams on the items below:
- Take ownership of and improve our risk estimates (market, factor, funding, liquidity), reports, systems, and automation. This includes a combination of daily monitoring, new research, and enhancing our frameworks.
- Monitor the portfolio and managers relative to our risk appetite and the optimal tradeoff between risk and return. Assist the CIO, CRO, and Portfolio Managers in selecting hedges.
- Build models, tools, and visuals for risk and investment decisions.
- Find and fix issues related to data or models (e.g., unrealistic/outlier results) that would have a material impact on our decisions. Implement solutions that scale.
- Use sound coding practices.
Desired background
- Bachelor’s or higher in math, statistics, physics, CS, engineering, economics, finance, or similar.
- 3-6 years of experience in a comparable role, ideally at a hedge fund (or similar). Broad experience across asset classes and investment strategies is a plus.
- 3 years of significant use of Python or similar.
- Understanding of financial instruments, portfolio management, risk concepts (e.g., beta, VaR, stress tests, liquidity), and timeseries analysis (e.g., imperfect data, multicollinearity, and non-stationarity).
- Experience with RiskMetrics (or similar) is a plus.
- Strong problem-solving, communication, ownership, attention to detail, collaboration, and prioritization.
Certain US states require MIO Partners, Inc. to include a reasonable estimate of the salary range for this role. Actual salaries may vary and may be above or below the range based on various factors, including, but not limited to an individual’s assigned office location, experience, and expertise. Certain roles are also eligible for bonuses, subject to MIO’s discretion and based on factors such as individual and/or organizational performance. Additionally, MIO offers a comprehensive benefits package, including medical, dental and vision coverage, telemedicine services, life, accident and disability insurance, parental leave and family planning benefits, caregiving resources, a generous retirement program, financial guidance, and paid time off.
Base salary range
$150,000 - $150,000 USD
MIO Partners, Inc. (MIO) is an equal opportunity employer. MIO will consider all applicants regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, veteran status, or disability status.
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Salary : $150