- DC Retirement Board
- Washington D.C.
- Entire Range: $71,422 - $110,732 (DOQ) + excellent benefits
- Feb 10, 2023
- Apr 11, 2023
- Job Function
- Hedge Funds, Investment Advisor/Consultant, Performance Analysis, Portfolio Management: Alternatives, Portfolio Management: Equities, Portfolio Management: Fixed Income, Portfolio Management: Multi-Asset, Private Equity/Venture Capital, Risk Management
- Industry Sector
- Employment Type
- Full Time
ABOUT THE D.C. RETIREMENT BOARD:
The District of Columbia Retirement Board (DCRB) is an independent agency of the District of Columbia Government. Our mission is to manage and control the assets of the D.C. Police Officers' and Firefighters' Retirement Fund and the D.C. Teachers' Retirement Fund as well as to administer benefits for the members of the of the D.C. Police Officers' and Firefighters' Retirement Plan and the D.C. Teachers' Retirement Plan.
Under the direction of the Chief Investment Officer (CIO) and other senior members of the team, the Investment Analyst will perform a wide variety of analytical, research, and administrative work involved in the evaluation and management of the District of Columbia Retirement Board’s $10 billion investment program. The incumbent will work closely with a small, collegial team on maintaining and improving the operational processes and systems across the entire portfolio, including public and private markets. The candidate must display passion and curiosity, and a desire for growth in the investment field. This is an entry-level position, suited to someone interested in starting a career in institutional investment management.
The selected candidate will support the investment team from an operational and research perspective and get exposure to different asset classes across a wide variety of public and private markets. We are looking for someone who is diligent, organized, a self-starter and has good communication skills to work with internal and external stakeholders. Interest in institutional investment management is a plus.
ESSENTIAL DUTIES & RESPONSIBILITIES (Duties that occupy a major portion of time and importance of the job)
- Perform day-to-day operational activities for the portfolio, including capital calls, cash and stock distributions, documentation requests, account openings/closures, subscription and redemption forms, liquidity modeling, and cash management.
- Establish and maintain databases, and prepare spreadsheets.
- Assist in reviewing investment performance, risk exposures, and fees/expense reports.
- Assist in completing surveys, reports, and presentations.
- Assist in operational due diligence of prospective and existing investment managers.
- Act as a liaison between the Investment Team and other Board departments.
- Contribute to process improvement and technology projects.
- Gather information and data from a variety of sources to develop and maintain current knowledge of investment market conditions and trends.
- Assist in quantitative analysis of financial markets, asset allocation, investment performance, risk management and economic data.
- Assist in monitoring existing investments for consistency with established benchmarks, investment objectives, and manager-specific guidelines.
- Assist in the search for new investment opportunities by gathering information from a variety of sources, analyzing expected returns and risks, and determining consistency with established investment objectives.
- Assist in the discussions of investment issues and problems with external investment managers and recommend appropriate action.
- Assist in the selection of investment service providers.
- Assist in reviewing proxy voting records and transaction cost analysis.
- Assist in reviewing asset allocation and investment risk; recommend changes to correct departures from established allocation and risk targets.
- Assist in the development of investment policies and procedures.
The incumbent also may:
- Prepare a variety of written, statistical, and financial reports/information—including Investment Committee agenda items, minutes, special-project reports, investment-performance reports, and correspondence.
- Review and reconcile various reports on investment transactions and performance, and help plan investment workshops.
- Establish and maintain working relationships with appropriate members of the external investment community.
- Assist in performance of various departmental administrative functions, as needed.
- Strong accounting and data analysis skills—with academic and/or early professional experience in accounting, investment risk and performance measurement, and/or data science.
- Ability to learn and understand complex financial, economic, and legal issues.
- Attention to detail and strong communication skills.
- Advanced MS Excel skills.
- Experience with Northern Trust Passport, Advent Tamale, and/or Burgiss Private is a plus.
REQUIRED EDUCATION & PROFESSIONAL CERTIFICATIONS
- Bachelor’s Degree
JOB EXPERIENCE (Years & Type)
Zero to three (0-3) years of relevant experience with a financial firm, accounting firm, consulting firm, pension fund, endowment, foundation, family office, or sovereign wealth fund—including experience:
- Accounting and reporting for institutional investment portfolios and/or other financial instruments/vehicles;
- Monitoring and measuring performance within institutional portfolios and/or capital markets; and/or
- Interest in pursuing or progress toward the Chartered Financial Analyst (CFA) or Chartered Alternative Investment Analyst (CAIA) designations.
This job description describes the general nature and level of work being performed by the individual(s) assigned to this position. It is not intended to be an exhaustive list of all tasks, duties, responsibilities, and skills required. Management reserves the right to modify, add, or remove duties and to assign other duties as necessary. In addition, reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.
- Normal office environment
EQUAL EMPLOYMENT OPPORTUNITY
DCRB is an Equal Opportunity Employer. In compliance with the Americans with Disabilities Act, the employer will provide reasonable accommodations to qualified individuals with disabilities and encourage both prospective employees and incumbents to discuss potential accommodations with the employer.
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