MIO Partners, Inc. · 2 months ago
Senior Trading Risk Manager
New York
Full-time
Onsite
Senior Level
$200K/yr - $200K/yr
7+ years expMIO Partners, Inc. is a registered investment adviser providing proprietary investment products and independent financial advice to McKinsey's partners. The Senior Trading Risk Manager will lead the risk management of the commodity trading books and engage with investment teams to enhance understanding of key risks and develop mitigation strategies.
Asset ManagementConsultingFinancial ServicesRetirement
Responsibilities
Develop an accurate understanding of and clearly communicate the loss potential for individual ‘bets’ (aka ‘alpha theses’), themes (e.g., ‘natural gas’), and commodity trading in aggregate
Interpret the results of existing stress tests in the context of the current market—and if needed, complement them with ad-hoc, prospective analyses—to develop and articulate a judgmental estimate of exposure/sensitivity to different markets and potential losses at different levels of confidence
Effectively engage with and act as a value-adding thought partner to both the Risk and Investment teams (Portfolio Managers, Head of Macro Trading Risk, and the CRO and CIO) in enhancing our understanding of key risks and developing strategies to mitigate them
Assist the Head of Macro Trading Risks and CRO in assessing whether to approve temporarily exceeding any investment team guidelines
Monitor the markets and the risk profile of the portfolio and take appropriate action as needed, including confirming the reasonability of assumptions, highlighting any changes or emerging risks, and ensuring the risk profile is within the risk appetite
Continue to improve and expand our trading risk analytics and ensure all risk calculation frameworks appropriately reflect the risk of the underlying positions
We use a broad set of analytics, including historical simulations, VaR and CVaR, sensitivities/Greeks, and stress tests
Perform ad-hoc, topical analyses of risk, such as drill-downs on more significant risk concentrations, scenario analyses, and any other analyses to complement routine reports
Continue to improve and expand our understanding of market liquidity, including identifying and onboarding new data sources and improving our understanding of fluctuations in market liquidity, whether due to timing (e.g., seasonality, time to maturity) or under different market scenarios and stresses
Expand oversight beyond Commodities to other asset classes, and act as a backup to the Head of Macro Trading Risk, including overseeing the timely production of risk and guideline reporting, and acting as a thought partner to the CRO in evolving the market risk appetite framework as appropriate
Qualification
Required
Deep understanding of various commodities, commodity markets, and commodity trading strategies
Proven ability to engage closely and effectively with portfolio managers both as a thought partner and as an independent risk manager providing oversight
Independent thinker, good listener, and persuasive and clear communicator who can gain the trust of senior leaders across both Risk and Investment Management teams
Distinctive conceptual and analytical capabilities; quickly understands the key defining features of a problem, develops a reasonable approach to new problems, effectively prioritizes research and analyses based on impact and required effort, and quickly converges to a reasonable conclusion
Understanding of and comfort with introductory probability and statistics and their application to financial risk management
Can identify and assess the importance of the shortcomings of an analytical model in the context of a specific portfolio
Good judgment. Can synthesize various pieces of information about a position or portfolio to draw sound conclusions about risks
Able to work effectively in a fast-paced and entrepreneurial environment
Highly productive, diligent, and detail-oriented
7+ years of professional experience in commodities trading and/or commodity risk management at a hedge fund or bank
Minimum bachelor's degree in mathematics, physics, philosophy, economics, computer science, or engineering
Preferred
Experience with other asset classes is a plus
Experience across various commodities, e.g., in risk management at a global macro or multi-strategy fund with an active commodity trading focus, is much preferred
First-hand experience with industry-standard multi-asset class risk systems (e.g., RiskMetrics and Aladdin) preferred
Advanced degree preferred
CFA and FRM or PRMIA designations are a plus
Benefits
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
Paid time off
Company
MIO Partners, Inc.
MIO (and related entities) is an indirect, wholly-owned subsidiary of McKinsey & Company and was formed in the early 1980s to provide asset management services for McKinsey’s retirement plan.
201-500 employees
H1B Sponsorship
MIO Partners, Inc. has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (16)
2024 (21)
2023 (17)
2022 (13)
2021 (14)
2020 (14)
Funding
Current Stage
Growth StageTotal Funding
unknown2017-08-01Undisclosed
Leadership Team
David Azad
Co-Chief Investment Officer, Head of Private Investments, and Partner
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