Quantitative Analyst

Teacher Retirement System of Texas (TRS)•Austin, TX

1d•Onsite

About The Position

With the Investment Management Division (IMD) you will be joining a diverse group of achievers who celebrate the unique value individuals bring to support our shared cause: earning trust and contributing to the financial future of 2 million public education employees and retirees throughout Texas. Navigating the current market environment takes innovation and we’re passionate about stewarding the right investments to make an impact both in the lives of our members and all Texans. We invite you to partner with the best financial minds in the business to manage a global portfolio of over $200 billion in public and private investments. Our success starts with you. The Quantitative Equity Group (QEG) Portfolio Solutions team is responsible for managing the passive completion portfolios; the Directional Hedge Fund overlay, facilitating transitions, and designing and evaluating efficient trading and implementation strategies within the Active Public Markets team. We are seeking a Quantitative Analyst with strong programming, research, and finance foundations to contribute to portfolio rebalancing, generating pre and post trade analytics, and corporate action elections. The ideal candidate will be process driven, collaborative, eager to learn, and seeking to apply innovation to existing processes. The successful candidate will work closely with senior portfolio managers, researchers, and technologists to operate and enhance production investment systems, while also contributing to the evolution of our alpha, risk, and implementation frameworks. This position reports to the Head of Portfolio Solutions.

Requirements

Bachelor’s degree from an accredited college or university in operations research, economics, statistics, mathematics, computer science, engineering, financial engineering, or a closely related field.
None
None
Statistics/Econometrics, Operations Research, Computer Science/Machine Learning, and advanced mathematical foundations (Linear Algebra, Calculus, Probability)
Quantitative code development with fluency in Python or a related programming language, version control and collaboration tools (GitHub).
Investment concepts, terminology, styles, models, strategies, and fundamental investment factors.
Planning, organizing, and prioritizing work assignments to manage a high-volume workload in a fast-paced and changing environment.
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.
Be to be process driven, eager to learn, and apply innovation to existing processes.
Work collaboratively in an applied quantitative investment research environment.
Establish and maintain harmonious working relationships with co-workers, agency staff, and external contacts.

Nice To Haves

Experience with Python or a related programming language, such as MATLAB or R.
Knowledge of financial markets and investment strategies, including quantitative and fundamental investing, or a strong interest in the aforementioned.
CFA designation.

Responsibilities

Performs portfolio rebalancing for iQuant, Completion/Passive portfolios, and the DHF Overlay.
Completes upstream data quality checks to ensure accuracy and integrity of inputs.
Creates parameter adjustments as needed to support portfolio rebalancing activities.
Executes portfolio rebalances in accordance with established processes and guidelines.
Completes post-rebalance data quality checks to validate results.
Generates trade documentation in support of executed transactions.
Conducts trade reviews in collaboration with senior team members.
Assists with the short locate process as required.
Generates and documents observations for pre-trade analytics for each iQuant and passive/completion portfolio trade.
Generates and documents observations for post-trade analytics for each rebalance, including transaction cost analysis.
Assists with the design, development, and implementation of automated and interactive data and analytics platforms supporting the Portfolio Solutions team.
Collaborates with and supports all QEG profit centers by delivering investment insights through data and analytics.
Maintains data documentation and supports source code version control practices.
Assists with the review and election of corporate actions to ensure accurate and timely implementation.