Investment Analyst 3, Fixed Income

Oregon State Treasury is recruiting for the position of Investment Analyst for the Fixed Income team within our Capital Markets Division. The primary purpose of this position is to assist and support the Fixed Income Investment Officers in their daily portfolio management and trading activity. This role offers an opportunity for an intermediate-career level investment professional to gain experience to the investment management industry and fixed income asset class.

Work Schedule

This position will have the opportunity for a hybrid (remote and in-office) work location schedule; in-office work will be predominately from Treasury’s office in Tigard. The schedule will be approximately 40% of time spent remote; with three days per week in-office. The new Investment Analyst would require training and thus more time in the office while being trained. Once training has reached a satisfactory level, more independent work is possible.

Salary

The salary range for this position is $74,760-$114,924 annually. This is a SEIU represented position and is classified as an Investment Analyst 3.

Position Responsibilities

Fixed Income Markets Analysis

Develop asset class, product and market knowledge to gain understanding of portfolio management process and approach, including the use of BlackRock Aladdin applications, e.g., daily independent monitoring of markets.

• Identify relative value by comparing current and historical relationships of:
  • Curve steepness (U.S. Treasury, SOFR, LIBOR);
  • Spreads;
  • Broker/dealer inventories; and
  • New issue securities vs. secondary markets.
• Conducts independent, ongoing research for current and potential structured and corporate credits.

• Serve as a liaison between investment operations and portfolio management to ensure timely recording, settlement, reconciliation of trading activity and data integrity.

Portfolio Management and Trading

Actively assist with management and trading for all internally managed fixed income portfolios. Primary responsibility for liquidity/portfolio structure and active management, i.e., trading, of the 0 – 13 month maturities of applicable funds.

• Dependent on current and fluid liquidity structure, market environment, relative value dynamics and compliance, independently determines daily sector allocation and security selection.
• Portfolio structure and trading of securities greater than 13 months are generally in coordination with Fixed Income Investment Officer(s).

Minimum Qualifications for Our Position

• Bachelor’s Degree in Business or Finance, or any other degree demonstrating the capacity for the above listed knowledge and skills and six years of professional experience in a similar analytical, operational or project management role; OR
• Chartered Financial Analyst (CFA) designation and 5 years of experience; OR
• Any combination of experience and education equivalent to nine years of experience that typically supports the knowledge and skills required for the position.
• A Master’s Degree in Business or Finance, or any other degree demonstrating the capacity for the above listed knowledge and skills will substitute for one year of the required experience.

Desired Attributes for Our Ideal Candidate

• Experience working within financial markets.
• Experience with providing support with portfolio management, market and trade monitoring, research, and analysis.
• Experience working within the fixed income asset class.
• Experience with trading securities within the fixed income asset class.
• Experience with analyzing fixed income security valuations, relative value comparison of securities, and asset allocations.
• Experience with direct, hands-on institutional portfolio management.
• Excellent communication skills, both verbal and in writing.
• Excellent customer service skills.
• Excellent interpersonal skills.
• Excellent attention to detail.

Important Application Details

In order to apply and be considered for this position, you are required to upload your resume, and a cover letter describing how your experience, training and education have prepared you for this position.

We will accept applications through the job announcement closing date, however, we may close this recruitment early, if we receive a well-qualified applicant pool.  If interested, please apply early.

Benefits of Joining Our Team

• Low employee premium share for medical, dental, vision, and basic employee life (1% or 5% employee share);
• Robust paid leave package, such as vacation, personal business, holidays, sick leave, and special holiday leave;
• PERS retirement benefits;
• Support with training and development;
• Student loan forgiveness under the Public Service Loan Forgiveness Program (PSLF);
• Optional benefits include optional life, short & long term disability, accidental death and dismemberment, Oregon Savings Growth Plan (deferred compensation plan), flexible spending accounts, long term care insurance, employee assistance program, weight watchers, and more!

About Oregon State Treasury

Oregon State Treasury is focused on improving the financial well-being of all Oregonians. We provide low-cost programs for governments, and empower Oregonians to invest in themselves and their loved ones for a more secure future.

We are committed to cultivating a workplace that is diverse, inclusive, and respectful. We value and support the collective differences in who we are and celebrate the fact that everyone comes to the table as their own unique individual. We are devoted to prioritizing equity and addressing racial disparities, as well as ensuring a safe and accessible working environment for all. We believe all of this empowers our success and makes Oregon State Treasury an excellent place to work.

Oregon State Treasury is led by State Treasurer Tobias Read. As Treasurer, he is the state’s financial leader, the custodian of public funds and chief investment officer. We prioritize investing for the long term, doing business the right way, and empowering Oregonians to invest in themselves. We're proud of the work we do to help families, governments, and businesses succeed.

Our Values and Principles

INTEGRITY---INNOVATION---DIVERSITY---TRUST---PROFESSIONALISM---ACCESSIBILITY

Please visit the following webpage to learn more about Oregon State Treasury: https://www.oregon.gov/treasury/Pages/index.aspx

Special Information

• Prospective employees are subject to an extensive background check that may include, but not be limited to, validation of all application materials, prior employment and personal references, credit history, driving records and fingerprint-based state and federal criminal and civil records.  Adverse background data may be grounds for immediate disqualification.
• OST does not offer visa sponsorships, and within three days of hire, the successful candidate will be required to complete the U.S. Department of Homeland Security form I-9, confirming authorization to work in the United States.
• Eligible veterans who meet the qualifications will be given veterans' preference. To receive preference you MUST attach appropriate documentation as outlined by the Department of Administrative Services at the following website: Veterans Resources.  You may also call the Oregon Department of Veterans' Affairs at 1-800-692-9666.
• OST is an equal opportunity, affirmative action employer committed to a diverse workforce.
• Consistent with the Americans with Disabilities Act (ADA), Oregon State Treasury will provide reasonable accommodation when requested by a qualified applicant or employee with a disability, unless such accommodation would cause an undue hardship. Requests for reasonable accommodation applies to all aspects of employment, including the application process. If reasonable accommodation is needed, please call Oregon State Treasury at 503-378-4000 and request to be connected to Human Resources.