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 is seeking a Trading Strategist to join the Investment team and report to a PM/Partner.
Adhering to MIO best practices, this individual will develop expertise across multiple asset classes and support optimization of our execution strategies through quantitative analysis. The successful candidate will be energetic, detail-oriented, and proactive in partnering with the execution desk to examine and refine trade implementation.
The Investment team functions in a highly collaborative and intellectually challenging environment. Our Portfolio Managers oversee our research-driven approach to the financial markets, with a focus on mathematical and scientific rigor and standards. The Trading Strategist is expected to become an integral part of the trading and research-focused team, contributing to ad hoc initiatives and projects as required.
Primary responsibilities
- Employ quantitative methods to optimize and innovate on trade implementation processes
- Research and analyze ways to enhance existing algorithms (eg: VWAP, peg), build models (market impact, optimal schedule), and develop short-term signals (eg: volume, price, fair value)
- Work closely with traders to translate research findings into practical algorithmic improvements
- Develop and test market heuristics to inform and monitor algo wheels and execution optimization
- Perform systematic transaction cost analysis and work with traders to identify areas of high slippage/cost and make data-driven adjustments to mitigate inefficiencies
Desired background
Experience
- Degree from a top-tier university in quantitative or scientific discipline
- 5-10 years of experience in quantitative research/trading
- Experience with quantitative modeling and optimization techniques for execution algorithms
- Experience in one or more of the following asset classes (Commodities, FX, Fixed Income)
- Strong written and verbal communication skills
- Ability to assess, prioritize and execute multiple tasks under pressure
Technical skills
- Exceptional analytical and problem-solving skills, with the ability to interpret complex data and translate it actionable insights
- Strong quantitative skills, detail orientation, and proficiency in Python programming
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Applicants must be authorized to work in the U.S. without the need for employer-sponsored work authorization, now or in the future.
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
- Degree from a top-tier university in quantitative or scientific discipline
- 5-10 years of experience in quantitative research/trading
- Experience with quantitative modeling and optimization techniques for execution algorithms
- Experience in one or more asset classes (Commodities, FX, Fixed Income)
- Strong written and verbal communication skills
- Ability to assess, prioritize and execute multiple tasks under pressure
- Exceptional analytical and problem-solving skills
- Strong quantitative skills and detail orientation
- Proficiency in Python programming
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.
