Quantitative Risk Analyst

Team

The MIO Risk team works closely with colleagues in investments, treasury, operations, and legal to assess and manage the risks we and our investors face.

The following characteristics define the nature of our work and our team culture:

• Strategic and Disciplined Decision Making: We add value by understanding the nature and impact of various risks and consistently reflecting them in our decisions. We aim to ensure 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 reach the best understanding and approach by 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 opportunities 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 daily 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).

Position & primary responsibilities

The new hire will report to our Head of Risk Special Projects and support all efforts to execute projects to enhance MIO’s Risk capabilities across multiple risk strips, including, but not limited to, liquidity, counterparty, operational, and market risk.

The Quantitative Risk Analyst will:

• Work with our Head of Risk Special Projects, Chief Risk Officer, and the rest of the Risk team to enhance MIO’s risk frameworks, methodologies, capabilities, reporting, and systems/applications
• Provide recommendations to the team to improve calculations, methodologies, and systems and automate processe
• 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
• Draft ‘crisis playbooks,’ working across functions (investments, treasury, legal, operations) to define triggers, identify critical decisions, and determine processes and analytics to support these decisions
• Document enhanced liquidity and counterparty risk frameworks, systems, data, and report generation and update associated policies and procedures
• Develop a framework and develop a 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

Desired background

• 2+ years of professional experience, including time at a premier management consulting firm with a 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
• Highly effective in defining, structuring, and solving a range of problems, including less defined or ambiguous problems
• Has an 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.