Intermediate Investment Analyst / Associate Portfolio Manager

Tennessee Department of Treasury
Nashville, Tennessee
30 Jan 2023
28 Feb 2023
Industry Sector
Employment Type
Full Time

The Tennessee Department of Treasury impacts the lives of Tennesseans every day. Treasury is responsible for many of the financial operations of state government, including managing more than $100 billion in assets through its various investment programs. We administer the State’s Retirement Program, RetireReadyTN, which combines the state pension plan, Tennessee Consolidated Retirement System, and the State’s Deferred Compensation plan. Treasury serves all Tennesseans by helping to educate and empower individuals to make informed financial choices, and by providing public-serving programs in the areas of college savings, financial literacy, unclaimed property, criminal injuries compensation, and more.



The Investments Division of the Tennessee Department of Treasury serves all the people of Tennessee by stewarding financial resources for many programs that help the Tennessee community – from a teacher’s retirement to a child’s college fund, and beyond. We invite you to consider joining our diverse team of intellectually curious professionals, who embrace the unique value each of us brings to the group as we work together toward our shared goals. Joining our team offers competitive compensation, excellent health and wellness benefits, a top-ranked retirement plan, work-life balance and flexibility, a supportive place to grow in your profession, and a great city in which to live.



Job Overview:



Tennessee Department of Treasury Investment Division is seeking an Intermediate Investment Analyst / Associate Portfolio Manager to support the public fixed income portfolio within the Tennessee Consolidated Retirement System (TCRS). This position offers a stimulating and rewarding opportunity to work with a talented team of investment professionals in a creative environment. This position is located in Nashville, TN.




Distinguishing Features:




This position will be responsible for assisting the portfolio managers with the discovery, research and evaluation of investments for inclusion in fixed income portfolios.  This process will include industry, credit and statistical analysis. In addition, this position requires administrative work related to fixed income trading and portfolio management. After a training period the candidate is expected to be actively involved in the management of the State’s short term cash portfolio as well as other pension-related fixed income portfolio under supervision. In addition to the TCRS portfolios, this position may participate in the management of other portfolios under the direction of the Treasurer.




Key Responsibilities:




  • Active participation in the daily cash investing process Model and spreadsheet building to conduct research and statistical analysis of economic data and investments such as individual companies, asset-backed securities (ABS) and mortgage-backed securities (MBS). Conducting ad hoc quantitative projects for the fixed income portfolio Performance & risk reporting to both internal and external recipients
  • Backing up portfolio managers in trading and portfolio management (monitoring and rebalancing fixed income portfolios to ensure compliance with guidelines and risk & performance targets). Working on fixed income administrative items, which are, but not limited to, uploading portfolios to a risk system, updating risk reports, fixed income models and economic metrics. Preparing fixed income presentation materials Contributing to the management of TCRS and other Treasury portfolios


Minimum Qualifications:


  • Graduation from a four year college or university with a bachelor's degree in an appropriate discipline  Minimum three years of relevant experience, and/or some qualifying work toward either the Chartered Financial Analyst (CFA) designation, a post-bachelor program in a relevant field, or an MBA.



Recommended Competencies


  • High standards of professional ethics
  • Strong interest / experience in financial markets, particularly fixed income asset management
  • Excellent communication skills (oral, written, and facilitation, negotiation and conflict management)
  • High analytical thinking and problem-solving skills
  • Project Development and Presentation skills
  • Detail oriented and inquisitive
  • Willingness to start early for the cash investment process
  • Strong spreadsheet building skills
  • Coding skills a plus





Compensation is designed to attract the best-qualified applicants and will be objectively determined based on the successful candidate’s experience and qualifications.  Low-premium health insurance, a hybrid retirement benefit with a deferred compensation match and defined benefit accrual, and other benefits are also provided.  Notably, Tennessee does not have an income tax on wages.




Finalists for this position will be expected to agree to, and provide information for, a comprehensive background check.



We are committed to co-creating a respectful workplace through diversity and collaboration. Our differences make us stronger together, and we believe supporting heterogeneous perspectives is essential to making the best decisions. We therefore encourage and would be grateful to receive interest from candidates from a variety of backgrounds.



The State of Tennessee is an Equal Opportunity Employer.

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