The Risk Management team supports all aspects of investment management, with the ultimate goal of improving the Universityâ™s investment risk-return outcome, and embedding risk in the culture and governance of the investment process. The Risk team is responsible for risk modeling, measurement, analysis, reporting, monitoring, management, evaluation, and manages the complex strategic protection portfolio. Day-to-day, the team engages in an interesting variety of projects, and improves risk models and develops solutions, to answer the Investment Officeâ™s most pressing questions in an intellectually-challenging environment.
The University of Chicagoâ™s Office of Investments is looking for a talented Risk Specialist to help us take endowment investment management to the next level. The Risk Specialist reports to the Director of Risk Management. You would join a high-impact team and work on an interesting variety of challenging risk and investment projects to manage, improve and communicate the risk-return characteristics of the University of Chicagoâ™s investment assets, and improve our state-of-the-art risk modeling. Expertise in statistical analysis, modeling, database and Visual Basic for Applications (VBA) programming, will be valuable building blocks to excel in this role. Amazing quant skills are a must, but are not nearly enough. A successful candidate would be driven to solve difficult investment puzzles, synthesize complex results and communicate them clearly, program solutions to tough problems, and combine rigorous and clear thinking with sound economic judgment. If you are off-the-charts smart, patient-but-persistent, like diving into the details, good at finding and implementing solutions, and are innately curious about investing and love finance, this would be a great experience for you.
Supports the Director of Risk Management/Chief Risk Officer & Chief Investment Officer in developing and executing the risk management processes, modeling analytics and risk reporting for $10 billion of the University's investment assets.
Conducts detailed investment performance and risk analysis.
Continually improves complex risk and liquidity models in a database environment with VBA and other languages.
Meets and evaluates investment managers, develops business judgment to lead to better support investment decision making in the office & provides written meeting summaries for CRS system.
Develops research ideas and conducts ad hoc investment research studies.
Independently creates board-level risk reports and presentations.
Develops new solutions to a variety of investment business problems.
Uses market knowledge and in-depth quantitative research to inform the investment decision-making process.
Undertakes special projects as requested by the CRO, operating as an independent business project lead.
Works closely with the Operations, Strategy, and asset class teams to improve investment data process and analytics.
Issue-spots interesting investment developments by staying on top of key industry analyst reports.
Depending on experience, the Risk Specialist may also eventually co-manage the $160M strategic protection portfolio with the Risk Manager.
Superb skills in quantitative analysis and effectively synthesizing the results of analysis
Outstanding creativity, intelligence and problem-solving ability
Strong skills in modeling and database functions
Ability to work independently on complex projects with minimal supervision
Substantial skills in Microsoft Excel and PowerPoint required, including experience with analysis and solution-building using VBA programming. Data warehouse experience preferred.
Strong oral and written communication skills, organizational skills, and presentation skills
Experience with visualization software (such as Tableau) required; some experience using math/statistics packages (such as MATLAB, R) to create solutions to business or scientific problems preferred
Excellent technical skills in portfolio techniques and risk management
Experience building complex quantitative models
Understanding of endowment management and the complexities of performance analytics, the Global Industry Classification Standard (GICS)
Understanding of risk management, and related methodologies and metrics, with the ability to make qualitative risk assessments
Direct financial markets and products experience, with fluency across all relevant asset classes, including public and private equities, fixed income, hedge funds, real assets, and derivatives
Demonstrated ability to push complex projects through to completion, both independently and in a team setting
Demonstrated aptitude and desire to be part of a collaborative, problem-solving investment team preferred.
Education, Experience, and Certifications:
Minimum requirements include a college or university degree in related field.
Bachelorâ™s degree in a math-heavy discipline preferred
Master of Science or MBA degree desired
Some progress toward either Financial Risk Manager (FRM) certification, Certificate in Investment Performance Measurement (CIPM) designation, or Chartered Financial Analyst (CFA) designation preferred
Completed CFA designation is a plus
Minimum requirements include knowledge and skills developed through 5-7 years of work experience in a related job discipline.
7-10 yearsâ™ of work history in an analytical role desired.
Some experience and success developing proven solutions with VBA.
Substantial work experience in a database environment and/or using math/statistics programming languages.
Direct work experience with investment performance analytics.
Previous work experience in risk management or asset management analytical functions is a plus.
A successful record of project management experience in a financial/investments setting.
All required documents must be submitted to be considered for this position
NOTE: When applying, all required documents MUST be uploaded under the Resume/CV section of the application
The University of Chicago is an Affirmative Action/Equal Opportunity/Disabled/Veterans Employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national or ethnic origin, age, status as an individual with a disability, protected veteran status, genetic information, or other protected classes under the law. For additional information please see the University's Notice of Nondiscrimination.
Staff Job seekers in need of a reasonable accommodation to complete the application process should call 773-702-5800 or submit a request via the Applicant Inquiry Form.
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Internal Number: JR05029
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