Company Overview

At Memorial Sloan Kettering (MSK), we’re not only changing the way we treat cancer, but also the way the world thinks about it. By working together and pushing forward with innovation and discovery, we’re driving excellence and improving outcomes.
 
For the 28th year, MSK has been named a top hospital for cancer by U.S. News & World Report. We are proud to be on Becker’s Healthcare list as one of the 150 Great Places to Work in Healthcare in 2018, as well as one of Glassdoor’s Employees’ Choice Best Place to Work for 2018. We’re treating cancer, one patient at a time. Join us and make a difference every day.

Job Description

Are you interested in being a part of the mission to cure cancer at MSK? We have an exciting opportunity for a Manager – Trading & Risk to join our Investment Management Division (IMD). In pursuit of patient care and scientific research, our team manages long-term investment assets in excess of $6 billion.

You will fully support the Senior Vice President and Chief Investment Officer and execute our small-but-important direct trading activities, analyze trading activities at our hedge fund managers, and, lead risk evaluation across all of our investment pools. You will be part of a collaborative and interdependent team pursuing investment excellence across all investment pools for MSK.

You will contribute meaningfully to IMD goals and objectives by…

• Providing trade execution and management, mostly conducted in futures markets throughout all times when such markets are open
• Monitoring and managing open orders
• Corresponding with IMD and MSK management on trading activity
• Developing, cultivating and maintaining counterparty relationships
• Coordinating with MSK operations on settlement and margin
• Overseeing reporting of traded positions o Developing own guidelines and systems, and operating independently within the framework of agreed strategies and authority levels
• Improving our risk management framework to cover market-related risks; Reviewing and developing risk management protocols with team members
• Acquiring knowledge of the overall portfolio and understanding the impact of individual investment decisions on the portfolio as a whole
• Managing day-to-day oversight and development of the trading and risk effort
• Collaborating with other team members regarding risk modeling, scenario planning, stress testing, expected returns and liquidity management
• Providing market commentary to IMD
• Evaluating trading performance at our trading-focused hedge funds
• Interacting directly with investment operations and accounting colleagues to manage service providers and to set up reporting for direct investments

As a Candidate, You Have…

• Proven experience in the investment industry, with a strong background in trading, risk management, market analysis and financial systems
• Familiarity with all major types of derivatives, ideally including experience using or supervising the use of derivatives for risk management and return enhancement in an environment with strong internal controls
• Exceptional quantitative/analytical skills, bringing a high level of determination, creativity, foresight and pragmatism to the role
• Expertise with trading various direct investments and derivatives including single-name equities, futures, options, ETFs, commodities, Treasuries and other areas
• Experience with multi-asset class portfolios, and specifically hedge funds
• Demonstrated the ability to adapt to, and work through, changing and competing priorities
• Proven experience of working to and meeting demanding reporting timelines
• Diplomatic communication skills to influence and inform stakeholders
• An innate collegiality and willingness to be a resource to others
• Well-balanced and in-depth understanding of global financial markets and economies, established credentials for in-depth risk analyses
• Solid understanding of capital markets and their impact on the investment climate
• Emotional maturity, stress tolerance, self-confidence and the ability to motivate others
• A track record of academic accomplishment
• A meticulous attention to detail
• Demonstrated the capability of working independently and under pressure
• Availability during futures trading hours

As a Person, You Are…

• Committed to the mission of Memorial Sloan Kettering Cancer Center
• Self-motivated, dedicated and rigorous with a demonstrable drive to achieve targets and objectives – a self-starter who is committed to developing self and others
• Collaborative and collegial in approach, with the ability to influence others constructively
• Someone who operates with discretion and integrity
• Able to prioritize what is most important and exhibit excellent organizational skills
• Comfortable communicating both verbally and in writing with senior executives
• Willing to contribute at any level and at any time.

To apply, please submit a cover letter detailing your interest in this opportunity along with a summary of your experiences to date.

#LI-KT1

Closing

MSK is an equal opportunity and affirmative action employer committed to diversity and inclusion in all aspects of recruiting and employment. All qualified individuals are encouraged to apply and will receive consideration without regard to race, color, gender, gender identity or expression, sexual orientation, national origin, age, religion, creed, disability, veteran status or any other factor which cannot lawfully be used as a basis for an employment decision.  

Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.