Investment Officer - Quantitative Analytics

Teachers' Retirement System of the State of Illinois • Chicago, IL

2d • $126,713 - $227,323 • Onsite

About The Position

The Investment Officer - Quantitative Analytics is a mid-senior level investment professional within the Investments Department. This role collaborates with the investments team and is pivotal in implementing the quantitative investment analysis strategy for the Teachers' Retirement System of the State of Illinois' approximately $86 billion investment portfolio. The position involves coding, developing, and implementing quantitative models to optimize risk-adjusted returns and providing quantitative analysis to support strategic investment decisions across all asset classes. The Officer will work with internal and external stakeholders to contribute to the overall investment analysis strategy, ensuring the long-term financial sustainability and growth of TRS.

Requirements

• Bachelor’s degree in computer science, mathematics, statistics, engineering, physics, or a related field.
• Minimum 6 years’ experience with quantitative modeling or quantitative investment portfolio management.
• Advanced proficiency in statistical modeling, data analysis, and programming (Python, R, MATLAB, SQL, etc.).
• Experience with machine learning, multi-variate regression and similar data analysis techniques.
• Experience with reporting and data visualization tools such as Tableau or PowerBI.
• Ability to translate complex quantitative findings into practical investment solutions and strategies.
• Excellent verbal and written communication skills.
• Ability to work well both independently and within a team environment.
• Excellent organizational skills.
• Strong analytical and problem-solving skills.
• Excellent project management skills.
• Ability to build positive working relationships and collaborate in cross-functional teams.
• A curious mind, passion, and motivation to learn new skills, tools, and techniques necessary to tackle investment challenges.

Responsibilities

• Develop and implement quantitative models to analyze asset classes, optimize portfolio construction, and evaluate market opportunities and risks.
• Apply quantitative techniques to back-test investment ideas and provide ex-ante investment analysis to align portfolios with expected risk-return profiles.
• Recommend and implement risk management controls and contribute to risk budgeting across portfolios, ensuring compliance with TRS’ investment policies and procedures.
• Deliver analytics to monitor System investment performance, identify trends, and inform investment decisions.
• Present quantitative findings and recommendations to the Chief Investment Officer, Deputy Chief Investment Officer, internal investment oversight committees, and the TRS Board of Trustees as needed.
• Collaborate with investment leadership, the Director of Risk, investment operations, internal investment teams, investment managers, consultants, and other stakeholders to gather data and insights needed for quantitative modeling and risk assessments.
• Identify, develop, and integrate new data sources, technologies, and methodologies to improve the accuracy and efficiency of TRS’s quantitative models.
• Effectively communicate complex quantitative concepts and model outputs to stakeholders, including investment staff, the TRS Board of Trustees and investment leadership, in clear and concise terms.

Benefits

• Medical coverage
• Dental coverage
• Vision coverage
• TRS retirement pension plan
• Option to contribute to additional State of Illinois deferred compensation plans

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level