
Execution Trader
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 an Execution Trader to join the Investment team and report directly to our Execution Trading Manager. Adhering to MIO best practices, this individual will develop expertise across multiple asset classes and be responsible for the efficient execution of our trading strategies. The successful candidate will be energetic, detail-oriented, and proactive in trading and supporting tasks (execution, booking, transaction cost monitoring).
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. In addition to execution, the Execution Trader 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
- Work closely with portfolio managers and quantitative researchers to execute investment ideas in the market
- Develop liquidity theses and trading implementation strategies through collection and analysis of market data, including but not limited to screen pricing, risk pricing, volumes, broker and market maker activity
- Research market and product trends, and assess trading viability through counterparty discussions, exchange reporting analysis, and exploratory pricing of diverse structures
- Ensure optimal cross-asset execution versus industry benchmarks by analyzing historical slippage and trends, and live market liquidity and pricing indicators
- Leverage portfolio management system for trade entry and portfolio tracking
- Cultivate and maintain strong relationships with trading counterparties
- Lead and manage trading-related process projects and ongoing tasks; analyze, propose, and implement improvements
Desired background
- 4-6 years of relevant experience in execution trading or similar function (macro or CTA background preferred)
- Bachelor’s degree from a top-tier university
- Hands-on experience trading financial instruments across various asset classes (Commodities, Volatility, and FX; futures experience preferred)
- Strong attention to detail and operational accuracy
- Values-driven, high sense of personal accountability
- Ability to assess, prioritize and execute multiple tasks under pressure
- Strong communication and interpersonal skills to build and maintain internal/external relationships
Technical Skills
- Strong analytical and quantitative skills
- Ability to quickly learn relevant applications such as trade execution platforms (Bloomberg FXGO, EMSX, FIT, etc.) and portfolio management systems
- Technical proficiency in Excel and PowerPoint; knowledge of a programming language a plus
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
$160,000 - $160,000 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.
Apply for this job
*
indicates a required field