Investment Officer 1, Fixed Income

Oregon State Treasury is recruiting for the position of Investment Officer 1 for Fixed Income. This position is part of the Investment Division, reporting to the Senior Investment Officer, and is located in our Tigard office. The purpose of this position is to support and participate in the portfolio management and administration of fixed income portfolio strategies as well as account relationship management for both internally and externally managed funds.The salary range for this position is $113,556 - $168,924 annually. For the position of Investment Officer 1, there is additional potential of up to 30% of base compensation.

Oregon State Treasury (OST) is led by Tobias Read, State Treasurer, a constitutional officer and statewide elected official.  OST is an organization with a wide range of financial responsibilities, including managing the state’s pension fund, issuing all state debt, and serving as the central bank for state agencies.  OST manages the daily investment of approximately $100 billion in assets, held in a diversified investment portfolio of domestic and international equities, fixed income securities, alternative and opportunistic investments, real estate and cash.  OST also manages a banking program that processes over $250 billion in transactions annually, a debt management program responsible for issuing and monitoring approximately $10 billion in state debt, a multi-faceted 529 savings plan, and an IRA based retirement savings program for the public. The 150+ member OST staff takes great pride in their statewide and national reputation for progressive approaches to service delivery.

The Investment Division, currently comprised of 50+ individuals, is responsible for managing the investment of the Oregon Public Employees Retirement Fund (OPERF), the State Accident Insurance Fund, the Oregon Short-Term Fund, the Common School Fund and numerous other state and state agency accounts.  The Division also manages the investment program for the state’s deferred compensation plan, advises the Oregon 529 College Savings Board on its investment activities, and serves as staff to the Oregon Investment Council (OIC).  The Division oversees the actual investments, which are made by a select group of outside investment managers, as well as provides internal portfolio management capabilities for select asset class mandates such as public fixed income and public equities.

OST offers an attractive benefit package which provides contributions toward Public Employee Benefit Board (PEBB) sponsored individual and family health and dental insurance and term life insurance.  Other benefits include participation in the Oregon Public Service Retirement Plan (OPSRP), paid holidays and paid vacation, and both sick and personal leave time.  Optional benefits include long- and short-term disability and participation in the Oregon Savings Growth Plan (a deferred compensation plan). Relocation reimbursement is available for this position.

PUBLIC SERVICE LOAN FORGIVENESS PROGRAM:  If you are employed by a government or not-for-profit organization, you may be able to receive loan forgiveness under the Public Service Loan Forgiveness Program (PSLF).  Learn more to see whether you qualify at PSLF Program.

OUR VALUES & PRINCIPLES

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

We are committed to building and fostering a diverse and inclusive work environment. We believe that everyone comes to the table with a distinct point of view – one that is shaped by backgrounds, experiences, cultures, thoughts, and ideas. We embrace diversity and inclusion and believe it creates a culture of respect, innovation, and creativity that empowers our success and makes Oregon State Treasury an excellent place to work.

What you’ll do…

• Support and participate in the management and administration of fixed income portfolio strategies;
• Ensure assigned and/or supported fixed income portfolios are invested according to specified objectives, asset allocations, policies and guidelines;
• Assist in externally managed fixed income portfolio oversight; and
• Conduct credit analysis research for current and potential structured/corporate credits.

Desired attributes…

• Institutional investment management experience (such as from an asset manager, corporation or public pension plan);
• Fixed income investment experience;
• Experience overseeing external fixed income investment managers;
• Corporate credit analysis and/or risk management experience;
• Master’s degree in business administration or similar graduate-level degree;
• Chartered Financial Analyst designation; and
• Experience with Blackrock’s Aladdin, Bloomberg, and MarketAxess.

TO QUALIFY

You must have the following:

• A bachelor’s degree in business or finance, or any degree demonstrating the capacity for investment management knowledge and skill. 
• Five years of investment management experience including two years of asset/portfolio management experience. MBA or similar graduate-level degree, Chartered Financial Analyst, or Chartered Alternative Investment Analyst designation may substitute for two of the five years' experience requirement. 

HOW TO APPLY

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

In order to apply for this position, you are required to complete the following: fill out the application, upload your resume, and upload a cover letter (no more than one page in length) that succinctly describes:

• How you obtained your institutional investment management experience.
• How you obtained your fixed income investment experience and knowledge of fixed income investment strategies and markets;
• Your experience, if any, selecting, monitoring, and managing external investment manager relationships; and
• Your ability and experience with communicating complex elements of fixed income (include how you articulate key issues to multiple constituencies).                                                                 

BACKGROUND CHECK

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.

WORK AUTHORIZATION
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.

VETERANS' PREFERENCE
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.