Reporting to the Chief Investment Officer (CIO), The Investment Analyst is responsible for applying quantitative skills, experience, and informed judgment to enhance the Endowment’s performance. Specific responsibilities include portfolio analytics, model-building and forecasting; manager due diligence, including identifying and sourcing new investment opportunities, researching prospective investment managers, and evaluating managers’ absolute and relative performance; and portfolio, asset class, and manager level risk management, including development of tools to measure alternative betas, optionality, illiquidity, counterparty risk, and other hedge fund / alternatives-centric risk factors; and special projects that arise. 

Position Duties and Responsibilities

Analytics and Due Diligence (60%)

• At the portfolio and asset class levels, provide analytical support for and coding of quantitative measurement and reporting systems; reporting on risk factor exposures (such as market exposure, leverage, portfolio concentrations, and correlations) and risk-adjusted performance measures; and running stress tests and scenario analyses.
• At the manager level, responsible for analyzing embedded risks and biases in manager return histories; measuring and forecasting manager performance both in absolute terms and relative to peers; highlighting abnormal manager under- or outperformance; and measuring, evaluating and monitoring active risk of managers.
• Work with the CIO to provide quantitative analytical support (model building) and capital markets research to assist in capital allocation and rebalancing decisions.  Create and maintain systems to capture and analyze relevant financial data.
• Assist the CIO in evaluating existing managers, identifying new investment opportunities, conducting due diligence on prospective investment managers, negotiating the terms of the Endowment’s investments, and monitoring the performance of all such managers. 
• Complete special projects as requested by the CIO, including research of opportunistic investments, alternative portfolio design and construction, performance attribution and key drivers of returns.

Communications (20%)

• Prepare reports and other materials on investment activities for presentation to the Director, the Finance Committee, and the Board of Trustees.
• Formulate and effectively communicate recommendations and results on potential investments.
• Contribute on an ongoing basis to discussions with the CIO and senior investment staff regarding capital allocation and strategy for the Endowment and manager hiring and termination decisions, in all asset classes within the Endowment.

Sourcing (10%)

• Provide detailed review and extensive analysis on potential investments, including track records, markets, and financials.
• Establish quality peer networks, including analysis of peer institutions’ best practices.

Operations (10%)

• Correspond with Investment Managers to smoothly handle operational issues.
• Prepare monthly reports to be distributed both internally and externally.

Education, Experience and Knowledge

• Bachelor’s degree required, MBA or other advanced degree in Quantitative Finance, Economics, Statistics or Mathematics, CFA and/or CAIA a plus
• Three to seven years of experience in multi-asset class asset allocation, portfolio management, and risk management, including strong quantitative and modeling skills. 
• Expertise using Excel required (coding experience a plus),  PowerPoint a plus.
• Previous experience with risk factors in both a portfolio and manager-level context, portfolio simulation methods (bootstrapping, multi-period Monte Carlo, etc.), scenario analysis and stress testing, tail risk, illiquidity risk, counterparty risk, and/or other non-traditional risk factors, capital markets assumptions and modeling highly preferred.