| Position | Associate Director, Asset Allocation and Risk |
| Date Posted | 23 Oct 2009 |
| Application Deadline | until filled |
| Location | New York, USA |
Summary Description
The Associate Director, Asset Allocation and Risk will apply quantitative skills, experience, and informed market judgment to enhance the Foundation’s risk management and asset allocation functions. The Manager will be responsible for quantitative analysis and qualitative assessments in support of (i) portfolio-level risk measurement and asset allocation analysis, (ii) scenario analysis based on risk factor exposure models, (iii) manager- and alpha-level risk measurement and monitoring (including development of tools to measure optionality, illiquidity, counterparty risk, and other hedge fund / alternatives-centric risk factors), (iv) analyzing and implementing portfolio hedges or tactical trades that may be undertaken by the Investment staff from time to time, and (v) special projects as assigned by the Director.
Qualifications
Four to six years of experience in investment risk management and/or asset allocation including strong quantitative skills and technology experience. Advanced finance / quantitative degree.
Extensive familiarity with risk management concepts and tools, including:
• Factor risk measurement in both a portfolio and manager-level context
• Optionality, illiquidity, counterparty risk, and other non-traditional risk factors
• Scenario analysis and stress testing
• Simulation, including Monte Carlo methods
• Optimization (and its shortcomings)
• Capital markets assumptions and modeling
• Expertise using FactSet, Ibbotson, and Excel VisualBasic
Preferred Qualifications
CAIA / CFA preferred.
Other key characteristics necessary for success:
• Detailed knowledge of academic and practitioner literature on risk measurement and management, asset allocation, economic and/or asset class return forecasting
• Ability and confidence to engage at high levels of discourse and debate on asset allocation and risk issues with senior investment staff, Wall Street executives, consultants and academics
• Strong understanding of capital markets, and exceptional written and verbal communication skills will be a necessity
Salary
is based on experience and on the Foundation’s commitment to internal equity. A generous benefits package is provided.
Equal employment opportunity and having a diverse staff are fundamental principles at the Ford Foundation, where employment and promotional opportunities are based upon individual capabilities and qualifications without regard to race, color, religion, gender, pregnancy, sexual orientation/affectional preference, age, national origin, marital status, citizenship, disability, veteran status or any other protected characteristic as established under law.
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