Investment Analyst III

Austin, Texas
Mar 06, 2018
Mar 26, 2018
Risk and Quantitative Analyst
Industry Sector
Employment Type
Full Time

This posting will close on March 16, 2018 at 5:00 pm CST.

Please visit: to apply for this posting.

Applicants who are strongly being considered for employment must submit to a national riminal history background check.

The Texas Education Agency is seeking a talented individual to join a team of professionals dedicated to improving the educational outcomes for all public school students in the state of Texas. This position is in the Permanent School Fund (PSF), a $34 billion  perpetual public fund endowment that helps finance the state's public schools.

The investment analyst performs high-level quantitative analysis related to portfolio and asset-class risk and expected return; monitors, evaluates ,and reports on current and expected PSF risk profiles, liquidity characteristics, investment strategies, asset allocation, and efficient frontier approaches; and develops mathematical, econometric, and statistical models for quantitative analysis. The investment analyst is a member of the Risk team and reports directly to the Risk Manager.

A successful candidate must be honest and ethical in all work; recognize the requirements of confidentiality; and be intellectually curious about investment risk and capital markets.

The professional selected for this position will work under limited supervision with considerable latitude for the use of initiative and independent judgment, and is expected to help the PSF meet its performance goals and support the Texas Education Agency in fulfilling its strategic priorities.

Additional Military Crosswalk (occupational specialty code) information can be accessed at:
Essential Job Functions:

Performs the following tasks to support the responsibility of the PSF risk manager:

*Helps maintain a monthly risk analysis of the PSF portfolio.
*Performs detailed quantitative analyses 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.
*Supports quantitative analyses of competitive procurements received by the PSF.
*Helps coordinate the development of capital markets projections for the PSF.
*Supports due diligence on current and prospective asset 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 researches alternative risk measures to complement current risk metrics.
*Other duties as assigned.
*Relocation assistance is not available for this position.

Minimum Qualifications:

Education: Graduation from an accredited four year college or university  with a degree in economics, finance, or related field. Preferred: A concentration in mathematics, statistics, or financial modeling.

Experience: Three (3) years of experience in the  investments industry and quantitative analysis work with multiple asset classes, with a focus on performance, valuation, market risk, and other related investment analysis. Preferred: Investment experience with a public plan, foundation, endowment, or family office; experience with market-risk software such as Risk Metrics, Barra One, or BlackRock's Aladdin; programming experience with macros or VBA.

Travel:  10% required.

License/Certification:  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 and methods, and their application to research analysis of global economic and financial market trends; portfolio risk management concepts; macroeconomics and market implications to risk; securities accounting, procedures, and market operations.

Skill in:  Mathematics; applying and interpreting statistical concepts; using software development applications such as R or MATLAB; managing large volumes of data.

Ability to: Apply financial research techniques to conduct exhaustive searches and evaluations of vast amounts of data using the Internet and other resources; analyze, evaluate, and summarize financial data; act in accordance with the Chartered Financial Analyst Institute code of ethics and standards of professional conduct; communicate clearly and effectively, both verbally and in writing, including writing management reports and making public presentations;
provide outstanding customer service to a diverse group of internal and external customers;  establish and maintain effective and professional relationships with a diverse group of internal and external staff;  be flexible and organized to handle multiple and shifting priorities while paying attention to details; use sound, independent judgment to make decisions; and be reliable and exhibit a strong work ethic, and work effectively and collaboratively as part of a team.

Supplemental Information:

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 selection 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.