Managing Director - Risk & Operations

• Jan 2006 - Present

Risk Management - Create and implement all functions of the risk management program - Monitor daily and monthly portfolio risk parameters including limits on leverage, market exposure, risk concentration, active risk, and liquidity, and reporting compliance to the MOSERS’ Board of Trustees. - Analyze portfolio risk, factor exposures, and active risk using internally developed risk models and external risk systems - Work collectively with CIO and portfolio managers to develop risk analysis in the due diligence process and incorporate risk management into the investment decision making. - Analyze risk exposures across the portfolio from a top-down perspective. - Produce risk-based scenario analysis of tactical portfolio trades and positioning. - Monitor counterparty risk and exposure within derivatives program. Internal Investment Operations - Oversee all operational functions of the investment department including performance reporting and attribution analysis, investment accounting, and valuation. - Assist CIO with asset allocation, rebalancing, and tactical portfolio positioning. - Oversee the reporting, monitoring, and verification of all fees and expenses of external investment managers - Manage all aspects of the relationship with the custodial bank External Investment Manager Operational Due Diligence - Oversee the operational due diligence reviews of hedge fund, private equity, real estate, and other external investment managers. - Assess sufficiency of external service providers including auditors, administrators/custodians, and prime brokers - Assess internal control infrastructure of the investment trading process, cash management, and portfolio valuation. - Review audited financial statements, partnership agreements and side letters - Assess the risk management, regulatory compliance, disaster recovery, and IT system security procedures in place at the investment managers.

Chief Auditor

• Mar 1997 - Jan 2006