Investment Director

3 weeks ago


Minneapolis, United States UNIVERSITY OF MINNESOTA FOUNDATION INVESTMENT ADVISORS Full time

University of Minnesota Foundation Investment Advisors (UMFIA) is seeking an Investment Director to

join its team of 11 investment and operations professionals. The position will lead the research and

implementation of UMFIA’s quantitative and systematic strategies, primarily through the use of

derivative instruments. The Investment Director will contribute to the success of the investment office

by enhancing existing strategies and developing new investments that further UMFIA’s unique approach

to portfolio construction.

University of Minnesota Foundation Investment Advisors (UMFIA), is an independent nonprofit

subsidiary of the nonprofit University of Minnesota Foundation (UMF). UMF is a key partner with the

University of Minnesota in building and sustaining excellence among students and faculty and fueling

discovery in important areas on all University-wide campuses. UMFIA was formed in 1998 to provide

dedicated professional management of UMF’s investments, and it manages the endowment across a

broad range of asset types. UMFIA aims to achieve an appropriate risk-adjusted return on client assets

by linking intelligent asset allocation with skillful investment implementation. UMFIA utilizes a wide

variety of securities and partnerships in the execution of its investment strategy.

Position Summary:

The endowment’s investment policy uses derivatives strategically to mitigate risks imposed by its

investment mandate and to enable UMFIA’s pursuit of investments with exceptional risk adjusted

return. The Director will be responsible for UMFIA’s quantitative research and trading of derivatives.

The position will work closely with the Chief Investment Officer (CIO) and the investment team to

develop and identify strategies for analysis. Existing approaches must be tested for fitness and new

opportunities require exploration.

UMFIA uses both external managers and internally implemented strategies, and this position will lead

the analysis and sourcing of external managers that employ derivatives and systematic strategies. The

Director will also negotiate, structure and monitor relevant third-party relationships, with the assistance

of the Operations Team. The Director will be the primary trader for UMFIA’s internal or systematic

trading of listed/flex/OTC options, futures, and swaps.

The Director will have primary responsibility for identifying, managing, and investigating new datasets

that support their analyses. Systems will need to be acquired, or developed, that allow the Director and

the Investment Team to assess the risk and performance of strategies. The Director will also have the

opportunity to further the theoretical framework that underpins the endowment’s investment strategy.


Primary Duties and Responsibilities:

 Conduct rigorous analyses of a broad spectrum of systematic investment strategies, with an

emphasis on options strategies

 Conceptualize investment strategies and convey the economic intuition

 Develop new investment strategies and improvements to existing strategies

 Source and structure third party relationships

 Serve as the lead derivatives trader

 Contribute as a member of both the investment team that reviews all portfolio investment

decisions & the systematic portfolio management team

Job Posting – Investment Director


 Identify & manage datasets

 Build or acquire analytical and back-testing software

 Collaborate with the UMFIA Operations Team

 Provide high level summaries to non-Investment stakeholders

Minimum Qualifications:

 Bachelor’s degree in a quantitative field of study

 Minimum of 10 years of relevant work experience in options trading, pricing, or portfolio

management

 Strong programming, quantitative, analytical skills

 An ability to intuit the economic rationale of a quantitative investment strategy

A successful candidate will have the following traits:

 Extensive investment experience & familiarity with institutional investing

 An innate curiosity for investments & systematic strategies

 A willingness to contribute to the success of our work regardless of the task, and the rank or role

of those involved. We are a small team with a flat hierarchy.

 The flexibility to collaborate and include input from the team, while progressing work in an

independent fashion

 An ability to convey concepts to individuals and audiences with a wide variety of expertise

Please note: Applicants must be presently legally authorized to work in the United States for any US

employer; this position is not eligible for employment-based visa sponsorship or relocation.

Compensation:

A competitive base salary and annual incentive award are commensurate with experience and earnings

history. UMFIA provides a strong benefits package.

Working Conditions:

This is a typical office environment in which employees use office equipment like personal computers,

fax machines, copiers, telephones; stand or sit at a desk for long periods of time (2-3) hours; may need

to lift and move documents and supplies (not to exceed 25 lbs.); and bend to file or retrieve documents.

Our organization follows a hybrid work structure where employees can work remotely or from the

office, as needed, based on demands of specific tasks or personal work preferences. Working from the

office is encouraged during the onboarding process and when working on tasks that require a high

degree of collaboration.


To apply:

Send resume and cover letter to: charlotte@umfia.org. The deadline to submit resume is December 13,

2024.

The University of Minnesota Foundation Investment Advisors is an equal opportunity employer without

regard to race, color, creed, religion, national origin, gender, age, marital status, disability, public

assistance status, veteran status, sexual orientation, gender identity, or gender expression. Indigenous,

people of color, people with disabilities, LGBTQIA+, gender nonconforming and members of other


historically underrepresented communities are highly encouraged to apply.


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