Quantitative Risk 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.
The Quantitative Risk Analyst assists Investment Division Management (IMD) staff in the development, improvement, and maintenance of quantitative strategies, research and analysis to support risk-based portfolio management processes as well as the risk management process of the overall investment fund. Work requires data retrieval, cleaning, and manipulation to support existing portfolio and risk management efforts and the corresponding research processes. Work involves routine (journey-level) investments research and analysis work under moderate supervision with limited latitude for initiative and independent judgement. This position reports to the Chief Risk Officer and will also work directly with a portfolio manager.
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.
State classification information:
Analyst: 1130/Investment Analyst I/B22
WHAT YOU WILL DO:
• 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.)
• Assists investment managers in conducting research and/or asset allocation analysis.
• Assists investment managers in performance attribution using proprietary models.
• Assists in researching and analyzing macro- and micro-economic business conditions that directly affect agency investments.
• Assists in the maintenance/improvement of existing model code base and in the development of new quantitative and valuation models and techniques for investment diversification and risk management.
• Provides timely written or oral reports of analysis and recommendations to Investments staff and management.
• Assists in the risk analysis of multiple investment asset classes managed both internally and externally including public equity (US, developed markets, emerging markets), fixed income, hedge funds, private equity (funds and principal investments), real assets, and energy investments.
• Assists in risk assessments of external managers to help ensure potential investments are an appropriate fit with the organization.
• Provides monthly reports to management on specific risk metrics to ensure the ongoing functioning of Trust activities
• Performs related work as assigned..
WHAT YOU WILL BRING:
• Bachelor’s degree from an accredited four-year college or university with major coursework in business administration, finance, computer science, engineering, operations research, math, information technology, liberal arts, or a related area.
• A Master's degree in a related area may substitute for the one (1) year of required experience.
Required Registration, Certification, Licensure
• Strong Excel (VisualBasic) and/or Python skills with a demonstrated ability to learn.
• Strong desire to work in financial industry.
• Experience in institutional investment research, accounting, financial analysis, statistical analysis, or a related field.
• A Chartered Financial Analyst (CFA) charter holder or a desire and demonstrated ability to achieve a CFA charter.
• Investment concepts, terminology, styles, models, strategies, and fundamental investment factors.
• Statistical concepts, methods, and models, and their application to investments.
• Understanding of and ability to write programming code to process data in support of investment processes.
• 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 complex 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 of complex information that is accurate, timely, and based on sound judgment.
• Establish and maintain harmonious working relationships with co-workers, agency staff, and external contacts.
• Meet deadlines without excessive management supervision
• Work effectively in a professional team environment.
PHYSICAL REQUIREMENTS AND/OR WORKING CONDITIONS
Work is performed in a standard office environment and requires:
• normal cognitive abilities including the ability to learn, recall, and apply certain practices and policies;
• marginal or corrected visual and auditory requirements;
• constant use of personal computers, copiers, printers, and telephones;
• the ability to move about the office to access file cabinets and office machinery;
• frequent sitting and/or remaining in a stationary position; and
• the ability to work under deadlines, as a team member, and in direct contact with others.
Must be able to:
• regularly, reliably, and punctually attend work;
• work extended hours as necessary;
• travel routinely for work assignments and trainings;
• show flexibility and adaptability toward changes in assignments and work schedules;
• adhere to the agency’s internal management policies and procedures; and
• exhibit work behaviors consistent with agency core values.