Senior Quantitative Investment Analyst

Teachers-Retirement-System-of-the-State-of-Illinois; Chicago (IL); On-site; USD 145,720 - 227,323; Full time

Benefits offered by this job

Medical, dental and vision coverage

TRS retirement pension plan

Deferred compensation plans

Job summary

Teachers' Retirement System of the State of Illinois seeks a mid-senior Investment Officer in the Investments Department. Under the Deputy CIO, you will implement quantitative models to optimize risk-adjusted returns across an ~$86B portfolio, collaborating across internal teams and external managers.

You will develop, back-test, and present analytics supporting investment decisions, with a strong focus on data-driven strategies and risk budgeting.

Qualifications

• Bachelor’s degree in CS, math, statistics, engineering, physics, or related field.
• Minimum 6 years of experience with quantitative modeling or portfolio management.
• Advanced proficiency in statistical modeling, data analysis, and programming (Python, R, MATLAB, SQL).
• Experience with machine learning, multivariate regression, and data analysis techniques.
• Experience with reporting and data visualization tools such as Tableau or PowerBI.
• Excellent verbal and written communication skills and ability to work well both independently and within a team environment.
• Strong organizational and project management skills.

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.
• Work with investment leadership to recommend and implement risk management controls and contribute to risk budgeting across portfolios.
• Deliver analytics to monitor System investment performance, identify trends, and inform investment decisions for CIO, Deputy CIO, committees, and TRS Board.
• Collaborate with investment leadership, risk, operations, managers, consultants, and stakeholders to gather data and insights for modeling and risk assessments.
• Identify new data sources, technologies, and methodologies to improve accuracy and efficiency of quantitative models.
• Communicate complex quantitative outputs to stakeholders in clear, concise terms.

Skills

Python

R

MATLAB

SQL

Statistical modeling

Machine learning

Data visualization

Education

Bachelor’s degree in computer science, mathematics, statistics, engineering, physics, or related field

Tools

Tableau

Power BI

Job description

Teachers' Retirement System of the State of Illinois seeks a mid-senior Investment Officer in the Investments Department. Under the Deputy CIO, you will implement quantitative models to optimize risk-adjusted returns across an ~$86B portfolio, collaborating across internal teams and external managers.

You will develop, back-test, and present analytics supporting investment decisions, with a strong focus on data-driven strategies and risk budgeting.