Principal Investment Analyst - Public Pension Strategy Lead

CFA Institute; Washington (District of Columbia); On-site; USD 135,000 - 165,000; Full time

Job summary

District of Columbia Retirement Board is seeking a Principal Investment Analyst who reports to the CIO and collaborates with portfolio managers and analysts. You will contribute across the investment process—from strategic asset allocation to manager selection and portfolio monitoring—within a small, collegial team.

The role offers broad exposure to the program and opportunities to develop professionally. The ideal candidate has 6–9 years in institutional investment management, strong analytical

Qualifications

• Bachelor’s degree required, preferably in finance, economics, mathematics, or a related field.
• CFA or CAIA designation preferred.
• Experience with investment committees or governance bodies preferred.

Responsibilities

• Support the periodic reassessment of DCRB’s strategic asset allocation and asset/liability framework, contributing analysis and perspective to inform long-term investment positioning.
• Assist the CIO and Portfolio Managers in portfolio construction, private market commitment pacing, and the ongoing calibration of risk exposures across public and private asset classes.
• Monitor portfolio performance and risk characteristics against plan objectives, identifying and escalating issues as appropriate.
• Lead or co-lead investment manager due diligence across asset classes, encompassing quantitative analysis, qualitative assessment, operational review, and reference checks.
• Develop and maintain a deep understanding of DCRB’s existing manager roster, including ongoing performance evaluation, relationship management, and identification of areas for enhancement.
• Assist in negotiations with new and existing investment managers and service providers to secure competitive economic and legal terms, including fee structures, co-investment rights, and reporting requirements.
• Prepare, review, and deliver investment reports, quarterly performance summaries, and presentation materials for the Board of Trustees and executive leadership.
• Communicate complex financial, market, and legal concepts clearly and accessibly to a diverse stakeholder audience, including Trustees with varying levels of investment expertise.
• Train and mentor junior investment team members and interns, fostering a culture of intellectual rigor, continuous learning, and professional development.

Skills

Portfolio theory

Investment management

Financial analysis

Communication skills

Education

Bachelor’s degree

CFA designation preferred

CAIA designation preferred

Job description

District of Columbia Retirement Board is seeking a Principal Investment Analyst who reports to the CIO and collaborates with portfolio managers and analysts. You will contribute across the investment process—from strategic asset allocation to manager selection and portfolio monitoring—within a small, collegial team.

The role offers broad exposure to the program and opportunities to develop professionally. The ideal candidate has 6–9 years in institutional investment management, strong analytical