Minimum 4 years in investment-related roles (banking, consulting, asset management, etc.)
Strong analytical skills including research, financial modeling, and data analysis
Proficient in Excel and PowerPoint; adaptable to new tools
Familiar with AI for research and data synthesis
Understanding of legal, business, and accounting issues in alternative investments
Responsibilities
Monitor investment performance and provide analytical insights and recommendations
Source and conduct due diligence on external investment managers
Contribute to decisions on manager selection and asset rebalancing
Represent IMD at industry events and negotiate terms with managers
Build and maintain relationships with managers, vendors, and investors
Assist in asset allocation and risk management reviews
Stay updated on market trends and investment opportunities
Manage investment tools and best practices for portfolio research
Benefits
Hybrid work schedule with flexibility
Opportunity for domestic and international travel
Engagement in mission-driven work supporting cancer research and care
Access to a globally diversified investment portfolio
Participation in industry conferences and networking opportunities
Full Job Description
Exciting Opportunity at MSK: Associate, Investment Strategy
The Investment Management Division (IMD) is seeking an Investment Associate, and the role supports MSK's mission to end cancer for life by managing financial resources that sustain our groundbreaking patient care, research, and education.
The IMD team oversees $10 billion in long-term assets across a globally diversified portfolio, including global equities, fixed income, hedge funds, private equity, venture capital, and real assets primarily invested through external managers. These assets are invested in a sophisticated mix of diversified strategies on a global basis, overseen by a committee of the Board and stewarded by IMD. As an Investment Associate, you'll operate flexibly across all asset classes and contribute to a mission-driven organization.
Role Responsibilities:
Monitor existing investments and develop qualitative and quantitative analytical insights on the portfolio, including investment recommendations, manager performance reviews, and thematic presentations
Source and drive detailed due diligence processes for external investment managers across public and private asset classes
Contribute to investment decisions regarding the selection, rebalancing, and termination of managers across asset classes
Serve as lead IMD representative to current and prospective managers as well as industry conferences, negotiate terms and conditions, and coordinate the efforts of outside service providers
Cultivate and maintain productive relationships with existing and prospective managers as well as vendors, legal counsel, peer investors, and other industry constituents
Assist with asset allocation reviews and risk management activities
Stay informed of market trends, new investment opportunities, asset class developments, and macroeconomic themes
Identify, evaluate, implement, and manage investment tools, AI resources, and best practices used in connection with portfolio and manager research and tracking
Key Qualifications:
At least 4 years of demonstrated professional achievement in an area relevant to investments (e.g., investment banking, consulting, asset management, alternative assets, or a related field)
Rigorous analytical training, including advanced research, critical reasoning, writing, data analysis, presentation, and financial modeling skills, as well as a working knowledge of multiple investment strategies
Technical proficiency of Excel and PowerPoint; openness to adopting new tools and methodologies
Familiarity with AI tools for research and data synthesis, with the ability to apply appropriate judgement in validating outputs and conclusions
A base-level understanding of business, legal, and accounting issues involved in the evaluation of alternative investments and knowledge and/or experience in capital markets also required
Core Skills:
Ability to lead and mentor Investment Analysts and Interns within IMD
Strong written and verbal communication skills, with the ability to prepare and deliver reports and presentations to both internal and external stakeholders
Proven ability to manage and prioritize multiple investment-related projects simultaneously
Strong teamwork skills with the ability to collaborate effectively with cross-functional teams and external partners
High level of accuracy and attention to detail in all aspects of investment analysis and reporting. Clear and effective written and verbal communication skills with strong attention to detail; willingness to work collaboratively in a team-oriented environment to achieve shared goals
An ability to thrive in an entrepreneurial team environment, a proven ability to work independently and under pressure, a high degree of judgment, intellectual curiosity, and integrity
Additional Information:
Work Schedule: Hybrid; 3x a week on site with additional flexibility as needed
Location: 633 Third Avenue, NYC. Some domestic and/or international travel may be required (10-20%)
Reporting to: Director, Investment Strategy
Helpful Links:
Compensation Philosophy
Benefits
Pay Range: $152,400.00 - $251,600.00
FSLA Status: Exempt
About Memorial Sloan Kettering Cancer Center
Memorial Sloan Kettering Cancer Center is a world-renowned cancer treatment and research institution located in New York City. The center was founded in 1884 and has since become one of the leading cancer centers in the world, with a focus on patient care, research, and education. Memorial Sloan Kettering Cancer Center employs over 20,000 people, including doctors, nurses, researchers, and support staff, and treats over 500,000 patients each year. The center is known for its innovative treatments and cutting-edge research, which has helped to improve the lives of cancer patients around the world. Memorial Sloan Kettering Cancer Center is committed to finding a cure for cancer and improving the quality of life for cancer patients everywhere.
