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Careers
Analyst, SMA & Direct Trading Platform Management
Location
New York, NY
Function
Middle Office, Risk & Operations
Interested in this position?

Position

MIO’s Risk & Middle Office team is seeking an Analyst who is an excellent process manager and natural multi-tasker. The successful candidate is proactive, has an eye for what really matters, and can get things done quickly through agile problem-solving, perseverance, and effective communication skills.

This position sits within MIO’s Separately Managed Account (“SMA”) & Direct Trading Platform Management team, a part of the group that is overseen by MIO’s Chief Risk Officer & Chief Operating Officer. The team works to ensure that the platform has the best possible operational and counterparty setup to meet MIO’s investment needs. This includes leading the onboarding and counterparty setup for new managed accounts and trading portfolios, managing counterparty relationships, negotiating commercial terms, optimizing platform efficiency, balance sheet & margin, and reducing counterparty risk. The new hire will report to the Head of SMA & Direct Trading Platform Management and work closely with other members of the team. The individual will also interact with MIO’s other functional teams (Investments, Legal, Risk, Finance) as well as MIO’s external financing and trading counterparties and SMA sub-advisors.

This is a permanent, full-time opportunity based in Midtown, New York. It is expected that the new hire report to our offices 3 days/week. COVID-19 vaccination is mandatory for this position (subject to accommodation for health and religious reasons).

Primary responsibilities

  • Support and ultimately lead the onboarding of new portfolios and managed accounts to the MIO platform, including the setup of counterparty trading, financing, and clearing relationships
  • Work closely with portfolio managers and the Investment team to ensure they have the capabilities needed to implement their investment strategies and expand capabilities in new products and markets
  • Support and lead a variety of projects designed to improve important elements of the SMA platform (e.g., managing financing costs, monitoring margin usage, calculating MIO’s wallet paid to counterparties, and tracking compliance with counterparty-imposed limits)
  • Creatively enhance processes to increase effectiveness (e.g., build better reporting) and efficiency (e.g., automate tasks)
  • Produce targeted analysis related to onboarding new SMA managers, enhancing the setup of existing managers and portfolios, and optimizing our counterparty relationships and platform economics
  • Help manage external counterparty relationships, including negotiating key commercial terms, supporting counterparty credit due diligence processes, working with legal to negotiate trading and financing documentation, and ensuring optimal coverage and client service for all internal stakeholders

Desired background and skills

  • Undergraduate degree with a distinctive GPA, preferably in a quantitative discipline (e.g., finance, economics, mathematics)
  • 2-6 years of professional experience with an investment firm or other financial services provider
  • Experience with financial operations, including managing and owning a routine process and/or project management experience
  • Strong grasp of alternative investment strategies, financial instruments and products, common margin methodologies, andfinancing arrangements (e.g., prime brokerage, swaps, listed and OTC derivatives)
  • Familiarity with the typical legal agreements governing the aforementioned products/arrangements (e.g., PBA andMargin/Financing Lockups, Futures & Options Agreements, ISDA/CSA, GRMA/MRA, etc.)

To succeed in this role, you must be

  • Highly motivated & driven: Takes initiative, goal-oriented, ownership mindset; “get things done” attitude that extends into working with other groups and third parties
  • Detail oriented: Natural curiosity, strives to deeply understand context and business system affecting applications; can really dig into details and develop an understanding of “how things really work” 
  • A strong problem solver: Sharp analytical thinking – both conceptual and numerical; good at issue identification and structuring
  • An effective communicator: Very precise oral and written communication; can synthesize and communicate the “so what” and interface with senior executives and investment team members
  • Collaborative: Listens well, puts team first
  • Process oriented: Comfortable executing against a process and following schedules
  • Technically proficient: Excel (organizing datasets and performing analyses). Experience with databases and Tableau report building is a plus

Certain US states require MIO Partners, Inc. to include a reasonable estimate of the salary range for this role. A reasonable estimate of the range for new joiners for this role in the United States is $115,000-$130,000. 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.

MIO is an equal opportunity employer. All applicants will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran, or disability status.

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