MIO Partners, Inc. (MIO) provides proprietary investment products to McKinsey's retirement plan and partners and offers independent, high-quality financial advice to McKinsey's partners. We manage a wide array of investment vehicles with significant expertise and a long and successful track record in alternative strategies, including hedge funds and private equity. We have a multibillion-dollar portfolio of assets under management, and we manage assets for and advise only McKinsey-related clients; we do not accept outside or third-party investments.
MIO is a values-based organization that is strongly aligned with our investors' interests. MIO measures success as performance relative to a market-based benchmark.
MIO, a 250+ person registered investment adviser, provides ample opportunities for somebody with an entrepreneurial drive to shine. We strive to meet the highest professional standards and build an organization that attracts, develops, and retains exceptional people. MIO is a wholly owned subsidiary of McKinsey, but our activities are kept entirely separate from those of the consulting Firm.
Want more jobs like this?
Get jobs in New York, NY delivered to your inbox every week.
Position
MIO's Legal team seeks an Assistant General Counsel to assist with the negotiation and management of trading relationships, including documentation such as prime brokerage, ISDA, FCM, GMRA, and MRA agreements used by MIO's separate account platform, and banking and financial relationships across MIO's business lines. The Assistant General Counsel will report to MIO's Deputy General Counsel.
Primary responsibilities
- Maintain familiarity with regulation of private funds in the US and EU, including Dodd-Frank, EMIR/MIFID, and SEC and CFTC regulations
- Learn and implement MIO's negotiation priorities and model terms for trading and financial relationships
- Delegate to and liaise with external counsel to
- review drafts from counterparties based on internal precedents, MIO model terms, and/or industry form documentation
- prepare issue lists for internal stakeholders
- provide feedback and comments to counterparties
- Track the status of negotiations
- Manage and maintain the documentation associated with the onboarding of new sub-advisers to existing trading relationships
- Review responses to KYC/AML requests prepared by paralegals or external counsel
- At least three years of experience at a law firm, dealer, or buy-side institution reviewing and drafting documentation for prime brokerage, over-the-counter and cleared derivatives, listed futures and options, and securities lending and repurchase transactions
- Basic knowledge and understanding of legal entity types and regulatory requirements in the private fund and pension fund asset management industry, including SEC & CFTC regulation, Dodd-Frank Act, EMIR, MIFID, and ERISA
- Familiarity with ISDA protocols
- Proficient in software applications used to draft and review contracts, including Microsoft Word and its track changes and compare tools and other redlining/comparison software
- Ownership mentality to see matters through to completion or resolution
- High level of attention to detail and a dedication to producing error-free work
- Excellent verbal and written communication skills
Base salary range
$175,000-$175,000 USD
MIO Partners, Inc. (MIO) is an equal opportunity employer. MIO will consider all applicants regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, veteran status, or disability status.
We are committed to protecting your privacy. Please review our Applicant Privacy Policy for a detailed explanation of how we collect, use, and protect your personal information.