Multi-Asset Trade Operations Senior Analyst-Associate

Teacher Retirement System of Texas - Investment Management Division
Austin, Texas (US)
Depends on Qualifications
08 Nov 2022
08 Dec 2022
Job Function
Industry Sector
Asset Management
Employment Type
Full Time



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 $190 billion in public and private investments. Our success starts with you.


The Multi-Asset Trade Operations Senior Analyst or Associate performs complex to highly advanced investment-related financial work.  Work involves processing [securities] trades after execution, and ensuring settlement; analyzing, researching and reconciling investment data; processing and monitoring corporate actions; and preparing reports.  Works under general to minimal supervision with moderate to extensive latitude for initiative and independent judgment.  May also provide training to others.  This position reports to the Manager, Cash & Securities Operations.


Compensation: The TRS Investment Management Division offers an attractive compensation package consisting of base salary, annual performance incentive bonus, a defined-benefit pension plan as well as 401(k) and 457 retirement plans, and comprehensive benefits.


Depending upon the qualifications of the individual selected and the discretion of the hiring manager the position will be filled at one of two levels (Senior Analyst or Associate). Starting salary is commensurate with experience.




Trade Processing and Trade Settlement


  • Coordinates and Processes [post-execution] securities trades on trade date by analyzing trade details and communicating with internal Traders and executing brokers, as needed.
  • Monitors trades to ensure timely settlement.
  • Analyzes and communicates detailed trade data, and acts as liaison between Custodian and executing brokers, exchanging data and information in order to settle trades.
  • Documents research requests pertaining to trade issues, whether to the Custodian or the executing broker.
  • Reports and/or Completes trade issues to team, Trading, Custodian.  


Reconciliation Research and Analysis


  • Reconciles holdings data between TRS and the Custodian on a daily basis with accounting, custodian, and investment systems.
  • Researches the causes of discrepancies, by analyzing trades, corporate actions, and other issues that affect portfolio positions.
  • Documents and submits research requests to the Custodian.
  • Monitors discrepancies to ensure resolution.
  • Coordinates and prepares detailed reconciliation reports.  


Corporate Actions


  • Monitors and processes mandatory and voluntary corporate action events affecting internally managed funds at TRS.
  • Provides information to TRS Internal Portfolio Managers to enable them to make decisions regarding voluntary actions. Based on elections to voluntary actions, monitors the Custodian for accurate and timely execution.
  • Ensures Order Management System (OMS) is reflecting current, tradeable, positions.  




  • Coordinates and prepares detailed reports with exhibits showing failing and settled trades; reconciliations.
  • Compiles data and prepares detailed reports on trade data, reconciliations and corporate actions using database downloads, spreadsheets, and other software, for use by agency management, Investment Division staff, and TRS Internal Audit.
  • Monitors data feeds and takes appropriate corrective action to ensure accurate data flow between systems.  


  • Performs related work as assigned




Minimum Required Qualifications




  • Bachelor’s degree from an accredited college or university in accounting, finance, or information systems. Preferred Master’s degree may substitute for one (1) year of the required experience.



Senior Analyst


  • Three (3) years of full-time accounting, financial analysis, or related experience requiring compilation, reconciliation, and/or analysis of detailed information.


  • One (1) year of experience analyzing, reconciling, and reporting on investment performance data.




  • Five (5) years of full-time accounting, financial analysis, or related experience requiring compilation, reconciliation, and/or analysis of detailed information.
  • Two (2) years of experience analyzing, reconciling, and reporting on investment performance data.  


Registration, Certification, or Licensure:




Preferred Qualifications


  • Master’s degree in business administration, finance, accounting, or a related area.
  • Experience with Trade Order Management systems.  




Knowledge of:


  •  Investment concepts, terminology, styles, models, strategies, and fundamental investment factors.


Skill in:


  • Performing complex financial analysis.
  • Verifying and auditing financial data.
  • Using a computer in a Windows environment with MS Office word processing, spreadsheet (including advanced Excel functions and macros), and database systems; and other business software.
  • Conducting data searches and evaluations of large amounts of information, performing complex statistical analysis of the data, and preparing concise and accurate reports.
  • Communicating complex technical information, verbally and in writing, including presenting analysis.
  • Organizing and coordinating work assignments to effectively meet frequent and/or multiple deadlines, in handling multiple tasks simultaneously, and in managing conflicting priorities and demands.   


Ability to:


  •  Establish and maintain harmonious working relationships with co-workers, agency staff, and external contacts.
  • Work effectively in a professional team environment.  




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