Public Markets Rotational Investment Analyst - Senior Analyst
WHO WE ARE:
The Teacher Retirement System of Texas is the largest public retirement system in Texas, serving more than 1.5 million people. Innovation, technology, and collaboration make the difference as we strive to continue earning your trust every day. TRS improves the retirement security of Texas public education employees through our 'best in class' investment management and delivery of pension and health care benefits.
Our Mission: Improving the retirement security of TRS members by prudently investing and managing the Trust assets and delivering benefits that make a positive difference in their lives.
Note: This is a full-time, temporary, limited term assignment not to exceed three years from the date of hire. Position is scheduled to start no earlier than July 1, 2022.
The Public Markets Rotational Investment Analyst or Senior Analyst performs routine to complex (journey-level) investments research and analysis work. Work involves assisting, with some guidance, in performing fundamental and statistical research and analysis, and assisting in performing due diligence for potential investments. Works under moderate supervision with limited latitude for initiative and independent judgment. This position reports to the Senior Director of Internal Public Markets – Sector Management.
Over a three-year period, the Public Markets Rotational Investment Analyst will provide support to several units of Public Markets which may include Internal Fundamental Management, the Multi-Asset Strategies Group (internal quantitative investing), External Public Markets and Special Opportunities on a rotational basis. The employee will be introduced to multiple investment disciplines and will work across at least two groups during the rotational period.
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 (Analyst or Senior Analyst). Starting salary is commensurate with experience.
State classification information:
1130/Investment Analyst I/B22
1131/Investment Analyst II/B24
WHAT YOU WILL DO:
Research and Analysis
- Assists in performing fundamental and statistical investment analysis for potential investment opportunities, including basic investment computations (i.e., return multiples, correlations, volatility analysis, attribution analysis, etc.), using any reliable printed or electronic media, partnership offering memoranda, and one on one contact with general and limited partners.
- Assists investment managers in conducting strategic research, asset allocation analysis, and/or risk management analysis.
- Assists in analyzing performance attribution using proprietary models.
- Reviews investment research on various industries, companies, or countries using computer databases.
- Researches, analyzes, and reviews national, international, macro/micro economic and/or business conditions that directly affect agency investments.
- Provides timely written or oral reports of analysis and recommendations to Investments staff and management.
- Assists investment managers in performing due diligence research and analysis for potential investment opportunities and/or external strategies.
- Assists in evaluating portfolio diversification by geography, industry, and sub-asset class.
- Assists in the maintenance/improvement of existing and in the development of new quantitative and valuation models and techniques for investment diversification and risk management.
- Consults with investment managers, analysts, investment accounting, legal counsel, custodian, and third-party advisors and consultants.
- Ensures that TRS Ethics Policy is adhered to in relationships with general partners, external managers, brokers, research suppliers and other vendors.
· Performs related work as assigned
WHAT YOU WILL BRING:
Minimum Required Qualifications
- Bachelor’s degree from an accredited four-year college or university with major coursework in business administration, finance, accounting, operations research, math, information technology, liberal arts, or a related area.
- A Master’s degree in a related area may substitute for one (1) year of the required experience.
- One (1) year of full-time professional investments experience or other related experience.
Registration, Certification, or Licensure:
- Experience in institutional investment research, accounting, financial analysis, statistical analysis, or a related field.
- Certification as a Chartered Financial Analyst (CFA) or working towards CFA.
- Demonstrated interest and knowledge in the field of investments.
Knowledge, Skills and Abilities
- Investment concepts, terminology, styles, models, strategies, and fundamental investment factors.
- Statistical concepts, methods, and models, and their application to investments.
- Using a computer in a Windows environment with word processing, spreadsheet, presentation, database, and other business software to prepare correspondence, spreadsheets, charts, and reports.
- Conducting data searches and evaluations of large amounts of information, performing statistical analysis of the data, and preparing concise and accurate reports and written/oral recommendations.
- Planning, organizing, and prioritizing work assignments to manage a high-volume workload in a fast-paced and changing environment, and in completing detailed work with a high degree of accuracy.
- Verbal and written communication that is accurate, timely, and based on sound judgment.
- Establish and maintain harmonious working relationships with co-workers, agency staff, and external contacts.
- Work effectively in a professional team environment.