INVESTMENT MANAGER, RISK & ANALYTICS, DUMAC at Duke University

Posted in Other 6 days ago.

Location: Durham, North Carolina





Job Description:



About DUMAC

In 1989, Duke University's Board of Trustees approved the creation of Duke Management Company (DUMAC) as a separate, nonprofit support corporation of the university. The organization began operating in July 1990 and is controlled by a ten-member Board of Directors, including the President of DUMAC and the President of Duke University. DUMAC manages the investment assets of Duke University, The Employees' Retirement Plan of Duke University, Duke University Health System, and The Duke Endowment (a separately controlled private foundation that by terms of its indenture provides significant support to Duke University). Assets managed are approximately $25 billion with about 25% managed directly by DUMAC staff and 75% managed by external firms selected by DUMAC. The company employs a staff of 55 investment and non-investment professionals. Investment exposures include public security asset classes (Global Equity, Hedged Strategies, Commodities, Fixed Income, Opportunistic, and Cash) and private investment asset classes (Venture Capital, Buyout, Credit, Real Estate, and Natural Resources). These exposures are obtained through externally managed commingled funds, externally managed separate accounts, and internally managed accounts. Externally managed separate accounts are mostly managed through a platform that includes multiple prime brokerage and ISDA (International Swap and Derivatives Association) arrangements and a platform administrator. Internally managed account activities include trading in public securities and derivatives as well as co-investment and direct investment in companies/assets that are not publicly traded. RSR Partners is the search firm managing this recruitment.

Responsibilities
Reporting to the Chief Operating Officer and the Chief Investment Officer, the Investment Manager, Risk and Analytics will work closely with the investment team evaluating portfolio risks and exposures. Importantly, they will also serve as a bridge between the investment and technology teams as DUMAC both builds and enhances its internal data management capabilities. Supported by two risk analysts, this individual must be able to work in a highly collaborative way with multiple teams across the organization and see that key projects are completed on schedule. Specific responsibilities include:


    Leveraging data and econometrics to support investment decision-making;Evaluating portfolio exposures across countries, regions, sectors, and asset classes;Analyzing and reporting on investment performance vs. benchmarks;Modeling cash positions and potential market risk using quantitative techniques;Working with the Head of Engineering in architecting the data collection process while imaging and designing new ways to structure and use data;Utilizing aggregated data to develop proprietary output, analysis, and eventually insights to identify potential opportunities and improve the investment process;Assisting with management of the currency hedging program.


Skills & Qualifications
The ideal candidate will possess strong leadership and management ability with a demonstrable record of success in an investment analytics role. They will have experience managing, mentoring, and leading a team with the ability to both delegate and be very hands-on. Importantly, candidates must have the ability to bring sound and practical judgement to problem-solving and possess superior analytical abilities. Solid organizational skills and high EQ are a must. The successful candidate will need a blend of self-confidence and humility to thrive, contribute, and lead in this supportive environment. Additional qualifications include:
Required

  • Ideally 3-8 years of post-Master's degree experience in a related field;

  • Experience with data warehousing and integrating complex data systems;
  • Passion for investing combined with deep understanding of quantitative investment analysis techniques, including statistics, regression analysis, multi-factor analysis, volatility, attribution analysis, Monte Carlo simulations, and calculating alpha vs. beta, among others;Deep knowledge of economics and advanced statistics, including an understanding of probability theory;

  • Strong interest in data science and analytics, both structured and unstructured, combined with experience building statistical models to identify trends, patterns, and anomalies from large data sets;

  • Experience working with an engineering team; the ability to manage teams is critical to success in this role;Fluency in SQL and proficiency in Python or other data analysis tools;Interest in and/or experience with artificial intelligence and natural language processingWilling and able to take direction on important projects, be collaborative, and at times be self-directed, using that time to be a creative and independent thinker;Superior oral and written communication skills with the ability to interpret and present analytical insights to both technical and non-technical audiences;Unquestioned integrity, humility, and a strong team-oriented work ethic;Common sense as well as a sense of humor;Bachelor's degree followed by a Master's or higher-level degree in mathematics, statistics, or related area of study is required.


Preferred



  • Involvement evaluating investment opportunities, for an investment bank, venture capital firm, or hedge fund;

  • Experience implementing machine learning models using TensorFlow, Scikit-Learn, or other similar libraries;

  • The ability to write and debug production-grade code.



Compensation
Given the importance of the position and the desire to attract a truly outstanding individual, DUMAC is prepared to offer a competitive base salary, an annual incentive bonus, and generous benefits.



RSR Contacts


Edward FowlerManaging Director(434) 977-0061

efowler
@rsrpartners.com

Emily KochardAssociate(203) 618-7027


ekochard@rsrpartners.com

Laurie Anne EammaSenior Associate(212) 984-1811leamma
@rsrpartners.com


Minimum Qualifications


Education

Work requires communications and analytical skills generally acquired preferred. through completion of a bachelor's degreeprogram. An MBA and CFA are


Experience


Work requires experience in research and financial analysis, generally acquired through two years of related experience. OR AN EQUIVALENT COMBINATION OF RELEVANT EDUCATION AND/OR EXPERIENCE


Duke is an Affirmative Action/Equal Opportunity Employer committed to providing employment opportunity without regard to an individual's age, color, disability, gender, gender expression, gender identity, genetic information, national origin, race, religion, sex, sexual orientation, or veteran status.

Duke aspires to create a community built on collaboration, innovation, creativity, and belonging. Our collective success depends on the robust exchange of ideas-an exchange that is best when the rich diversity of our perspectives, backgrounds, and experiences flourishes. To achieve this exchange, it is essential that all members of the community feel secure and welcome, that the contributions of all individuals are respected, and that all voices are heard. All members of our community have a responsibility to uphold these values.

Essential Physical Job Functions: Certain jobs at Duke University and Duke University Health System may include essentialjob functions that require specific physical and/or mental abilities. Additional information and provision for requests for reasonable accommodation will be provided by each hiring department.