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We are seeking to recruit a Manager to join the Investment Operations (“IO”) team at MIT Investment Management Company (MITIMCo). MITIMCo manages a broad array of assets including real property in Cambridge, private equity, hedge funds, as well as equity, fixed-income instruments and derivatives. The IO team works to deliver information to inform decisions and execute trade strategies to enable portfolios. This Manager will serve as a senior member of the Investment Operations Team, maintaining systems to support life cycle events related to all the different types of our investments. This role will work closely with the Senior Manager of Investment Operations to problem solve, establish strategy, and initiate process improvements. This Manager will apply expertise to exercise independent judgment, cross-train peers, and lead by example in the successful execution of actions related to Trading & Collateral Management, Treasury & Cash Management and Lifecycle Investment Processing.
Principal Duties and Responsibilities (Essential Functions):
• Direct trading across different instruments including equities, currency, swaps, futures, options and other hedge instruments; Ensure appropriate compliance checks; Affirm trades and terms; Monitor hedge exposure limits and propose adjustments to hedges, as applicable. • Oversee the operations to maintain the integrity of the firm’s Investment Book of Record (IBOR) through the ongoing capture and processing of transaction, pricing and related information for the firm’s investments and reconciliations to external parties. • Supervise the maintenance of securities within the firm’s IBOR. Perform data analysis on new securities to ensure appropriate mapping to firm’s logical data model. Integrate information from external data sources like Bloomberg. • Monitor counterparty risk including mark-to-market and related collateral transfers to ensure MIT is not overexposed. • Approve wire and bank transfer activity. Monitor cash balances and projections. • Ensure adequate and up to date documentation of processes and written procedures. • Perform business analysis to design solutions to improve process efficiencies and controls. • Provide knowledge and expertise with respect to market transactions, trading, and settlements. • Offer creativity in dealing with problem solving issues and idea development; flexibility in responding to the changing environment and daily workflow; and a value-added approach to all projects.
• A minimum of 8 years of deep and relevant professional experience in Trade Operations, Middle Office, or Fund Accounting preferred. • Relevant professional qualification (e.g. CFA) or a post-graduate degree, or progress towards one. • Knowledge of financial instruments. Familiarity working with derivatives and private fund investments a plus. • Deep experience working with trading/investment/order management systems (e.g. ACA/Northpoint, Bloomberg, Eze Castle, Murex, Calypso, etc.) a plus. • Comfort with data analytics and business intelligence tools a plus. • Strong Excel skills. Ability to code in VBA a plus. • Advanced analytical skills, a quantitative orientation, and a detail oriented mindset. • Outstanding communication and presentation skills, both verbal and written. • Ability to deal with ambiguity, exercise independent judgement, and demonstrate initiative. • Ability to work under pressure and meet deadlines.
Will report to Senior Manager of Investment Operations.
May periodically manage interns assigned to Investment Operations
How do you apply?
Apply through MITs online job bank via the following link: http://jobs.mit.edu/external and enter Keyword MITIMCo Please note that MIT does not provide visa sponsorship for technical, administrative, or library full-time or part-time regular positions. Additionally, MIT does not provide visa sponsorship to recent graduates and practicing professionals for internship training, practical experiences, or other non-teaching, non-research affiliations. [/vc_column_text][/vc_column][vc_column width=”1/4″][vc_column_text css_animation=”bottom-to-top”][/vc_column_text][/vc_column][/vc_row]