Investment Associate - Asset Allocation and Risk Management
Company: Uvimco
Location: Charlottesville
Posted on: September 15, 2023
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Job Description:
Investment Associate - Asset Allocation and Risk Management 30+
days ago Requisition ID: 1086 Company ProfileThe University of
Virginia Investment Management Company (UVIMCO) provides investment
management services to the University of Virginia and affiliated
entities and is responsible for monitoring and evaluating
investment strategies for an approximately $14 billion investment
portfolio. Our portfolio is invested globally across a broad range
of asset classes and strategies including public equity, long/short
equity, private equity, venture capital, real assets, absolute
return, credit, fixed income, and derivatives. UVIMCO employs
approximately forty professionals in Charlottesville, Virginia and
five professionals that work remotely from elsewhere in the United
States. Additional information about UVIMCO can be found at
www.uvimco.org .The Asset Allocation and Risk Management (AARM)
team has three primary responsibilities:1) Risk measurement:
estimating risk metrics and exposures for the total portfolio and
sub-strategies. AARM utilizes a proprietary risk system, and this
responsibility includes utilizing, maintaining, and further
developing this internal risk system.2) Risk management:
synthesizing outputs of the risk measurement processes for UVIMCO's
Chief Investment Officer and Risk Committee. This includes
recommending portfolio management actions and assisting in the
management of UVIMCO's overlay portfolio.3) Consulting: providing
quantitative research and analysis to other internal UVIMCO groups
as well as to outside stakeholders.Position OverviewThe Associate
role is an opportunity to work directly with senior management in a
small, flat, investment organization. The Associate's primary role
is to be the internal expert on the risk and asset allocation
database and analytical systems, as well as to drive further
development of these systems. The associate will also lead
consulting projects involving custom programming or quantitative
research. The Associate will report to the AARM Director.
Additional responsibilities:1) Work collaboratively with the team
to help generate attractive long-term real returns for the Long
Term Pool while remaining within the risk tolerance of the
University. Participate as a member of the Risk and Investment
Committees;2) Lead the development of UVIMCO's data management and
risk management systems by improving or developing new
methodologies for risk measurement and asset allocation models;3)
Lead the data management efforts for risk and asset allocation
data, including maintaining and improving the security master
database;4) Work with UVIMCO's IT team to implement new models and
database components into production using best practices;5) Work
with internal asset class teams to tailor risk models for each
asset class;6) Assist in the management of UVIMCO's derivatives
overlay; and7) Provide quantitative support to the CIO, Risk
Committee, and other Staff for research projects.Position
RequirementsThe candidate must be a motivated self-starter and
possess strong organizational skills, a strong work ethic,
attention to detail, and a high level of professionalism and
integrity. The candidate will have a strong technical background,
and experience using R, SQL, and Python to complete full-stack
model development projects. Demonstrated success in programming
projects is required.Additionally, the candidate should have:1) An
undergraduate degree from a top institution in a quantitative
discipline such as Statistics, Economics, Physics, Engineering,
Finance, Computer Science, Applied Mathematics, or Operations
Research. A post-graduate degree in one of these fields is desired
but not required.2) A CFA Charter or demonstrated interest in
pursuing the CFA Program.3) Excellent written and verbal
communication skills.4) Demonstrated the ability to work
effectively on an independent basis as well as in a collaborative
team environment.5) Two to four years of experience in quantitative
finance, preferably involved with the portfolio management of
endowments or other institutional investors. Candidates with zero
to two years of experience in quantitative finance will be
considered for an analyst-level role.6) Experience with automated
PDF reporting tools such as R Markdown (preferred) or Plotly or the
desire to learn similar tools.7) Experience with building HTML/web
reports (e.g. using Shiny or Dash) or the desire to learn.UVIMCO
offers a competitive base salary, excellent benefits, and bonus
opportunities in a business casual work setting in Charlottesville,
VA.
Keywords: Uvimco, Charlottesville , Investment Associate - Asset Allocation and Risk Management, Executive , Charlottesville, Virginia
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