Description
WHO WE ARE:
With the Investment Management Division (IMD) you will be joining a diverse group of achievers who celebrate the unique value individuals bring to support our shared cause: earning trust and contributing to the financial future of 1.9 million public education employees and retirees throughout Texas.
Navigating the current market environment takes innovation and we’re passionate about stewarding the right investments to make an impact both in the lives of our members and all Texans. We invite you to partner with the best financial minds in the business to manage a global portfolio of over $200 billion in public and private investments. Our success starts with you.
Position Summary
Note: This is a full-time, temporary, limited term assignment not to exceed three years from the date of hire.
The Public Markets Rotational Investment Analyst performs routine (journey-level) investments research and analysis work. Work involves assisting, with some guidance, in performing fundamental and statistical research and analysis, and assisting in performing due diligence for potential investments.
Works under moderate supervision with limited latitude for initiative and independent judgment. This position reports to the Senior Director of Internal Public Markets – Sector Management.
Over a three-year period, the Public Markets Rotational Investment Analyst will provide support to several units of Public Markets which may include Internal Fundamental Management, the Multi-Asset Strategies Group (internal quantitative investing), External Public Markets and Special Opportunities on a rotational basis. The employee will be introduced to multiple investment disciplines and will work across at least two groups during the rotational period.
Key Accountabilities
Research and Analysis
Assists in performing fundamental and statistical investment analysis for potential investment opportunities, including basic investment computations (i.e., return multiples, correlations, volatility analysis, attribution analysis, etc.), using any reliable printed or electronic media, partnership offering memoranda, and one on one contact with general and limited partners.
Assists investment managers in conducting strategic research, asset allocation analysis, and/or risk management analysis.
Assists in analyzing performance attribution using proprietary models.
Assists in conducting and reviewing investment research on various industries, companies, or countries using computer databases.
Assists in researching, analyzing, and reviewing national, international, macro/micro economic and/or business conditions that directly affect agency investments.
Provides timely written or oral reports of analysis and recommendations to Investments staff and management.
Due Diligence
Assists investment managers in performing due diligence research and analysis for potential investment opportunities and/or external strategies.
Assists in evaluating portfolio diversification by geography, industry, and sub-asset class.
Assists in the maintenance/improvement of existing and in the development of new quantitative and valuation models and techniques for investment diversification and risk management.
Consults with investment managers, analysts, investment accounting, legal counsel, custodian, and third-party advisors and consultants.
Ensures that TRS Ethics Policy is adhered to in relationships with general partners, external managers, brokers, research suppliers and other vendors.
Performs related work as assigned
Minimum Required Qualifications
Required Education
Bachelor’s degree from an accredited four-year college or university with major coursework in business administration, finance, accounting, operations research, math, information technology, liberal arts, or a closely related area.
Required Experience
Zero(0) - One (1) year of full-time professional investments experience or other related experience.
Required Registration, Certification, or Licensure
None.
Preferred Qualifications
Experience in institutional investment research, accounting, financial analysis, statistical analysis, or a related field.
Certification as a Chartered Financial Analyst (CFA) or working towards CFA.
Demonstrated interest and knowledge in the field of investments.
Knowledge, Skills, and Abilities
Knowledge of:
Investment concepts, terminology, styles, models, strategies, and fundamental investment factors.
Statistical concepts, methods, and models, and their application to investments.
Skill in:
Using a computer in a Windows environment with word processing, spreadsheet, presentation, database, and other business software to prepare correspondence, spreadsheets, charts, and reports.
Conducting data searches and evaluations of large amounts of information, performing statistical analysis of the data, and preparing concise and accurate reports and written/oral recommendations.
Planning, organizing, and prioritizing work assignments to manage a high-volume workload in a fast-paced and changing environment, and in completing detailed work with a high degree of accuracy.
Verbal and written communication that is accurate, timely, and based on sound judgment.
Ability to:
Establish and maintain harmonious working relationships with co-workers, agency staff, and external contacts.
Work effectively in a professional team environment.
Military Occupational Specialty (MOS) Codes:
Veterans, Reservists or Guardsmen with experience in the Military Occupational Specialty ( http://www.hr.sao.texas.gov/Compensation/MilitaryCrosswalk/MOSC_AdministrativeSupport.pdf ) along with the minimum qualifications listed above may meet the minimum requirements and are highly encouraged to apply. Please contact Talent Acquisition at careers@trs.texas.gov with questions or for additional information.
To view all job vacancies, visit www.trs.texas.gov/careers or www.trs.csod.com/careersite.
For more information, visit www.trs.texas.gov.