Investment Analyst IV-Risk & Quantitative Analyst
Performs highly advanced fundamental investment research and quantitative analysis related to portfolio, asset class risk and expected return. Monitors, evaluates and reports on current and expected PSF risk profiles, liquidity characteristics, investment strategies, potential investments, asset allocation and efficient frontier approaches. Develops mathematical, econometric and statistical models for quantitative analysis, and assists with capital market projections for all asset classes. Works closely with the PSF Risk Manager.
Works under limited supervision with considerable latitude for the use of initiative and independent judgment.
Additional Military Crosswalk (occasional specialty code) information can be accessed at: http://www.hr.sao.state.tx.us/Compensation/JobDescription.aspx.
Essential Job Functions:
Helps maintain a monthly risk analysis of the Texas Permanent School Fund (PSF) portfolio.
Helps perform detailed quantitative analysis on specific asset classes of the PSF portfolio.
Assists in monitoring and evaluating ongoing asset class risks.
Assists in risk and statistical analysis of performance, volatility, and attribution of all asset classes in the PSF portfolio.
Helps in quantitative analysis of competitive procurements received by the PSF.
Helps coordinate the development of capital market projections for the PSF.
Supports due diligence on current and prospective managers.
Helps evaluate investment due diligence, investment analysis, and performance measurement technology platforms and systems.
Assists in researching and preparing reports on issues pertaining to fund and portfolio management to executive staff and the State Board of Education as directed.
Keeps current on investment theory, capital markets, and market risk.
Attends investment and risk-related conferences, meetings, and training sessions.
Develops and research alternative risk measures to complement current risk metrics.
Performs related tasks as assigned by the direct supervisor.
Relocation costs will not be reimbursed. All TPSF employees are subject to background checks before being hired.
Education: Graduation from an accredited four year college or university with a degree in economics, finance, or related field with a concentration in mathematics, statistics, or financial modeling.
Experience: A minimum of four (4) years experience in quantitative analysis work with a concentration in the areas of investment trends, forecasting, market risk and analyzing risk in various asset classes. Prefer experience with hedge funds; a public plan, foundation, endowment or family office.
License/Certification: Prefer certification in, or pursuit of, Chartered Financial Analyst (CFA), Chartered Alternative Investment Analyst (CAIA), Certificate in Investment Performance Measurement (CIPM), or Financial Risk Manager (FRM) designation.
Knowledge, Skills and Abilities (KSAs):
Knowledge of: Statistical, econometric, and capital markets concepts, methods, and their application to research analysis of global economic and financial market trends; mathematical concepts for the development of economic and financial forecasting models; securities accounting, procedures, and market operations; macroeconomics and market implications to risk are strongly preferred.
Skill in: Mathematics, applying and interpreting statistical concepts, using software development applications to achieve results, such as R or Matlab; exhibiting strong oral/written communication, exhibiting keen interpersonal interactions. Strong PC experience with financial databases and software applications to include advanced Excel skills; experience with market risk software such as Risk Metrics, Barra One or BlackRock's Aladdin (Green Package) will also be considered a plus.
Ability to: Apply financial research techniques; conduct exhaustive searches and evaluations of vast amounts of data utilizing the internet and other resources; act in accordance with the Chartered Financial Analyst Institute code of ethics and standards of professional conduct; analyze, evaluate and summarize financial data and prepare management reports and make public presentations; prioritize the work; be flexible and manage multiple projects and assignments with attention to details; demonstrate a high degree of integrity; recognize the requirements of confidentiality; demonstrate initiative and strong work habits; deliver results; work in a fast-paced, changing environment; work as a team player, self starter and an independent thinker; deliver clear, focused and excellent customer service.
Desired Character traits: Honest, ethical, curious, flexible, respectful and ability to effectively work with individuals from diverse professional backgrounds.
This job description is not an employment agreement or contract. Management has the exclusive right to alter this job description at any time without notice.
Salary is dependent on qualifications.
Positions exempt from the Fair Labor Standards Act (FLSA) will earn compensatory time off rather than overtime for hours in excess of 40 per week. May be required to work hours other than 8 to 5. May be required to work weekends and holidays.
In accordance with applicable federal and state equal opportunity laws, it is TEA's policy that no person shall be excluded from consideration for recruitment, selection, appointment, training, promotion, retention or any other personnel action, or be denied any benefits or participation in any educational programs or activities which it operates on the grounds of race, religion, color, national origin, sex, disability, age or veteran status (except where age, sex, or disability constitutes a bona fide occupational qualification necessary to proper and efficient administration).
The Immigration Reform and Control Act requires all new employees to present proof of identity and eligibility to work in the United States. TEA does not sponsor H1-B work visas. Males, 18 to 25 years of age, are required to present proof of selective service registration (or exemption) prior to being employed by any state agency.
There is a 60-day waiting period for health insurance coverage.
This position requires the applicant to meet Agency standards and criteria which may include passing a pre-employment criminal background check, prior to being offered employment by the Agency.
Please note, TEA does not accept resumes.
All applications must be submitted through the TEA website: