Quantitative Developer
TalentAlly · New York, NY
This listing has closed — view similar roles below.
- On site
- Full-time
- $140,000 / year
- New York, NY
Job highlights
- Develop and maintain quantitative systems.
- Analyze risk and performance data.
- Collaborate with investment and risk teams.
- Enhance existing applications and processes.
- Utilize Python and SQL for development.
About the role
Quantitative Developer - Portfolio Analytics Group
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 Overview
MIO's Portfolio Analytics Group is seeking a Quantitative Developer with exceptional quantitative development and problem-solving skills. The ideal candidate will approach risk in a structured, logical, and qualitative manner as a foundation for robust quantitative analysis and will be an effective communicator. While systems developments and maintenance will be core responsibilities, the successful candidate will exhibit the intellectual curiosity, analytical capability, and process-oriented mindset to contribute beyond pure development.
The Group
The Portfolio Analytics Group (PAG) core function is to provide decision support to the Investment team by (i) maintaining and evolving MIO's manager selection analytics and (ii) provisioning data and using data-driven analytics to create an edge in our investment processes. In addition, the group provides input on various ad-hoc analyses that support our CIO and portfolio managers in our manager selection investment process. The group also acts as the fundamental center of competence, producing routine performance and risk reports for Risk and Advisory. The PAG team co-owns MIO's attribution system, which is central to managing our investment team and systemic risks across our portfolio.
Primary Responsibilities
- Enhance, support, and take ownership of existing systems and applications
- Develop and maintain systems which require ongoing troubleshooting and quality assurance
- Ensure consistent and accurate risk and performance data published by the Risk team
- Work on multiple projects simultaneously, including new development, quality assurance, and ad hoc data analysis
- Create associated documentation of designed frameworks, systems, data, and report generation
- Provide recommendations on improved calculations, methodologies, systems, and automate processes
Desired Background
- Bachelor's degree in Electrical Engineering, Computer Science, Math, Physics, Economics, Finance, or Operations Research
- Graduate degree in Finance or quantitative discipline is desirable; equivalent practical professional experience is also suitable
- 1-3 years of professional experience with exposure to risk or asset management
- FRM or CFA level 1 (or higher) preferred, particularly for candidates without prior risk or asset management experience
- Strong programming skills, especially with Python (including Pandas and NumPy)
- Solid understanding of database design and SQL; familiar with Excel/VBA or Tableau is a plus
- Experience with Risk Metrics preferred
- Self-motivated with an ownership mindset
- Strong attention to detail with a natural curiosity and ability to dive deep into complex problems
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.
Base salary range: $140,000—$140,000 USD
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.
Key skills/competency
- Quantitative Development
- Python (Pandas, NumPy)
- SQL
- Risk Management
- Asset Management
- Data Analysis
- System Development
- Problem-Solving
- Financial Modeling
- Database Design
Skills & topics
- Quantitative Developer
- Python
- Pandas
- NumPy
- SQL
- Risk Management
- Asset Management
- Data Analysis
- System Development
- Finance
How to get hired
- Tailor your resume: Highlight Python, SQL, risk, and asset management experience.
- Showcase quantitative skills: Emphasize problem-solving and analytical capabilities.
- Demonstrate ownership: Mention projects where you took initiative.
- Prepare for technical interviews: Review Python, SQL, and quantitative finance concepts.
- Research MIO Partners: Understand their mission and client focus.
Technical preparation
Behavioral questions
Frequently asked questions
- What are the key responsibilities for a Quantitative Developer at MIO Partners?
- As a Quantitative Developer at MIO Partners, you will be responsible for enhancing, supporting, and owning existing systems and applications, developing and maintaining systems requiring troubleshooting, ensuring data accuracy for risk and performance reports, working on multiple projects simultaneously, documenting designed frameworks, and providing recommendations for process improvements and automation.
- What educational background is preferred for the Quantitative Developer role at MIO Partners?
- MIO Partners prefers candidates with a Bachelor's degree in Electrical Engineering, Computer Science, Math, Physics, Economics, Finance, or Operations Research. A graduate degree in Finance or a quantitative discipline is desirable, but equivalent practical professional experience is also considered.
- What programming languages and tools are essential for the Quantitative Developer position at MIO Partners?
- Strong programming skills, especially with Python (including Pandas and NumPy), are essential. A solid understanding of database design and SQL is also required. Familiarity with Excel/VBA or Tableau is a plus, and experience with Risk Metrics is preferred.
- What is the expected experience level for the Quantitative Developer role at MIO Partners?
- MIO Partners is seeking candidates with 1-3 years of professional experience, particularly those with exposure to risk or asset management. While this is the typical range, equivalent practical professional experience will also be considered.
- Does MIO Partners sponsor work authorization for the Quantitative Developer role?
- No, applicants must be authorized to work in the U.S. without the need for employer-sponsored work authorization, now or in the future.
- What is the salary range for the Quantitative Developer position at MIO Partners?
- The base salary range for this role is $140,000 to $140,000 USD. Actual salaries may vary based on factors such as assigned office location, experience, and expertise.
- What kind of benefits does MIO Partners offer to its employees?
- MIO Partners 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.