MIO Partners Inc. (MIO) is a global, world-class investment and advisory institution with a decades-long track record of performance for our clients through multiple market cycles. Our team of approximately 250 people provides asset management and advisory services to current and former McKinsey employees. We manage more than $20 billion in assets across public and private markets. We are headquartered in New York City, with offices in Atlanta, Georgia; West Palm Beach, Florida; Germany; Hong Kong; Singapore; Spain; and the UK.
We provide objective advice on long-term wealth building and create distinctive investment products that deliver value relative to market-based benchmarks. We operate two core lines of business: (i) our advisory team provides advice, wealth planning, and retirement services to approximately 2500 individual clients, and (ii) our investments business consists of alpha-seeking alternative investment strategies across public and private markets.
A defining characteristic of our business is our perfect alignment with our clients. Our extraordinary mandate as a boutique investment and advisory firm, grounded in a core set of principles, enables us to create unique products and services while keeping our clients’ interests front and center.
Much of our success can be attributed to our insatiable intellectual curiosity. We seek to hire individuals who are passionate about our mission and values, and who always strive toward excellence. We care about fostering a culture of continual improvement, as individuals and as an organization, and are excited to work with individuals who have a similar growth mindset. We are proud to have a culture that promotes the highest ethical standards and investor-focused values, alongside a commitment to diversity and inclusivity and a highly collaborative work environment.
MIO (and related entities) is an independent, indirect, and wholly owned subsidiary of McKinsey & Company.
Position
MIO Partners is seeking a Trade Operations Associate to join the Finance team and support the firm’s trade operations infrastructure and daily processes. This role is responsible for ensuring accurate capture, confirmation, daily pricing, margin processing, and ongoing monitoring of trading activity within the Portfolio Management System (Orchestrade).
The individual will work closely with Trade Operations colleagues and collaborate across Investments, Risk Operations, Finance, and Technology teams to support day-to-day operational processes and strategic infrastructure initiatives. In addition to core operational responsibilities, this role will play an active part in enhancing and optimizing the firm’s trade operations infrastructure, including designing and developing improvements to the portfolio management system and related workflows.
The ideal candidate is detail-oriented, analytical, and solutions-driven, with a strong understanding of trade lifecycle management across listed and OTC products. Over time, the successful candidate will have opportunities to expand their responsibilities and contribute more broadly across the team and organization.
Primary responsibilities
- Input and validate listed and OTC trades within the Portfolio Management System (Orchestrade)
- Ensuring accurate downstream trade and position flows to Arcesium
- Process post-trade workflows for OTC and listed securities
- Review, reconcile, and confirm OTC derivative transactions
- Reconcile trades with counterparties, custodians, and prime brokers
- Manage and resolve trade exceptions in coordination with traders, fund administrators, custodians, and counterparties
- Perform position and PnL reconciliations across internal and external systems
- Monitor and process all trade lifecycle events
- Oversee and support the daily pricing and valuation process
- Monitor, troubleshoot, and resolve issues within the PMS and related trade operations infrastructure
- Set up and maintain new books, securities, counterparties, and user access within the PMS
- Investigate and resolve complex pricing issues, including analysis of curves, volatility surfaces, and market data flows
- Process internal book transfers and related operational activities
- Assist with onboarding new brokers, trading platforms, counterparties, and operational systems
- Partner with Technology and other Operations colleagues on process improvements, automation initiatives, and system enhancements
Desired background
- 5-10 years of experience in a trade support, middle office, or operations role at a hedge fund, fund administrator, investment manager, or other institutional trading environment
- Strong experience supporting OTC derivatives products, including interest rate swaps and equity-linked swaps, with a thorough understanding of post-trade processing and trade lifecycle management
- Experience with portfolio management systems is required; familiarity with Orchestrade is strongly preferred.
- Exposure to Geneva and/or Arcesium is a plus, but not required
- Intermediate understanding of OTC valuation concepts, including curves, volatility surfaces, hazard rates, and related market data inputs
- Advanced Excel skills and familiarity with Bloomberg are required
- Experience working across multiple operational systems and coordinating with counterparties, custodians, fund administrators, and technology teams in a complex trading environment
- Demonstrated ability to manage competing priorities and operate effectively in a fast-paced environment with a high degree of accuracy and attention to detail
Key traits and characteristics
- Operational excellence and ownership: Demonstrated ability to execute routine processes with a high degree of accuracy and consistency while proactively identifying opportunities for improvement and automation. The ideal candidate is hands-on, accountable, and takes pride in producing precise, high-quality work.
- Strong problem-solving and analytical capabilities: Ability to identify, structure, and resolve operational issues in a thoughtful and detail-oriented manner. The ideal candidate is process-driven and naturally seeks to understand how systems and workflows operate end-to-end.
- Intellectual curiosity and continuous learning mindset: Desire to understand not only how processes function, but why they are designed a certain way. Interest in deepening technical knowledge across products, valuation concepts, systems, and market infrastructure over time.
- Strong communication and collaboration skills: Ability to communicate clearly and confidently with a wide range of stakeholders, including Portfolio Managers, traders, operations teams, and developers. Able to translate complex operational or technical concepts into a practical business context.
- Quantitative aptitude: Comfort working with data, reconciliations, pricing concepts, and formulas, with the ability to apply analytical thinking in an operational environment.
- Team and values orientation: Desire to work in a collaborative, values-oriented environment. The ideal candidate prioritizes the interests of the organization and its clients above personal objectives and demonstrates strong integrity, professionalism, and teamwork.
Applicants must be authorized to work in the U.S. without the need for employer-sponsored work authorization, now or in the future.
MIO has adopted a flexible, hybrid model that supports a blend of in-office and remote work. Our office is in New York City.
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.
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.
We are committed to protecting your privacy. Please review our Applicant Privacy Policy for a detailed explanation of how we collect, use, and protect your personal information.
Skills Required
- 5-10 years of experience in trade support or operations
- Strong experience with OTC derivatives
- Experience with portfolio management systems
- Advanced Excel skills
- Familiarity with Bloomberg
- Ability to manage competing priorities effectively
What We Do
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. Over time, we have expanded to support after-tax investments by McKinsey’s current and former partners, primarily by making available funds already offered in the retirement plan. Our aim was to provide partners with convenient, time-saving investment options, including access to alternative investments. Today, we are a company of approximately 250 people managing retirement and after-tax investments for roughly 30,000 current and former McKinsey employees. A key element of our operating model is that we operate at cost, generating no profit for either MIO or McKinsey. Our incentives are aligned with those of our investors due to significant management participation in the funds.
