TTSTC - Junior Portfolio Manager/Portfolio Manager

Texas Comptroller of Public Accounts; Austin (TX); Hybrid; USD 110,000 - 150,000; Full time

Benefits offered by this job

Flexible work schedule

Insurance benefits

Retirement plans

Job summary

Texas Comptroller of Public Accounts (TTSTC External Investments) seeks a portfolio management professional to lead complex investment analysis and due diligence across fixed income and hedge funds. You will coordinate with the CIO and external managers to optimize portfolio construction and risk management.

The role requires extensive experience in institutional asset management, strong analytical acumen, and ability to present to the Investment Committee; a CFA/CAIA is preferred.

Qualifications

• Graduation from an accredited four-year college or university with major coursework in finance, accounting, mathematics, business administration, or a related field.
• At least seven (7) years of full-time experience in institutional asset management, consulting, banking or other financial services analytical work (credit research, valuations, derivatives analysis, etc.).
• Familiarity with allocating capital to external investment managers across public fixed income and/or hedge funds, with proficiency in portfolio modeling and risk assessment.
• A team-oriented attitude and approach.

Responsibilities

• Support the CIO and the Head of Public Fixed Income by routinely monitoring existing strategies and conducting due diligence on prospective investment opportunities that could be recommended to assist with portfolio-level implementation.
• Demonstrate an ongoing awareness of industry specific and macroeconomic business cycles and trends, while contributing to or leading bespoke research projects that support investment management decisions.
• Source, screen, evaluate and perform qualitative and quantitative analysis of the asset managers, strategies, and funds used for construction of complex investment portfolios.
• Prepare comprehensive memos and present recommendations to the Investment Committee on specific strategies or co-investments aligned with the CIO's objectives.
• Regularly communicate with investment managers (in-person meetings or via calls), and foster relationships in a manner that upholds the Trust Company's brand and reputation.
• Maintain and update documentation held in internal systems and databases for supporting investment recommendations, providing ad hoc written and oral analysis as requested.
• Participate in internal team meetings and coordinate ongoing discussions with external consultants regarding markets and the development of strategic investment plans.
• Recommend and assist with negotiation of investment management terms and conditions related to investment managers in assigned portfolio.

Skills

Asset management

Portfolio modeling

Risk assessment

Teamwork

Education

Bachelor's degree

MBA

Job description

Agency Information

We endeavor to maintain timely communication with all applicants by updating application statuses as promptly as possible. For the most accurate and up-to-date information about your application, please log in to the CAPPS application portal regularly to monitor status changes or updates. Please note that this job posting can be closed without notice and earlier than the closing date indicated in the posting if a suitable candidate is found. We encourage applicants to submit and complete the application promptly.

Are you ready to grow, make a positive impact? If you are seeking to gain knowledge, build your career, and network among goal-oriented professionals, this is the place for you!

Innovation, collaboration, and a commitment to excellence best describes the culture here at the Comptroller's Office. We take pride in the work we do serving as Texas' accountant, tax collector, treasurer, and much more! The Comptroller's office serves virtually every citizen in the state. As Texas chief tax collector, accountant, revenue estimator, treasurer and purchasing manager, the agency is responsible for writing the checks and keeping the books for the multi-billion-dollar business of state government.

Our agency workforce is as diverse as the people of Texas we serve. We value our employees and take very seriously our collective commitment to public service. Personal development opportunities are strongly encouraged through available workshops, teambuilding exercises, and on the job training. We offer flexible scheduling that helps employees maintain a healthy work-life balance.

About TTSTC

The Texas Treasury Safekeeping Trust Company (TTSTC) is a special-purpose entity that manages, safeguards, and invests public funds and securities belonging to the state of Texas, its agencies and local political subdivisions of the state. TTSTC's special-purpose entity status provides the Comptroller's office direct access to specialized investment services and programs enabling the Comptroller to achieve the highest return at the lowest cost to the state.

General Description

Join TTSTC External Investments team as a Junior Portfolio Manager/ Portfolio Manager. The role performs highly complex (senior-level) asset management work involving fundamental investment research and analysis to enhance due diligence and portfolio construction efforts in coordination with approved investment policies and programs. Contributing experience across the spectrum of asset classes that the Trust Company invests in, albeit with a demonstrated emphasis involving the Global Fixed Income and Absolute Return hedge fund categories. Works under limited supervision, with considerable latitude for the use of initiative and independent judgment. May oversee and assign the work of analytical resources across the investment team.

Work Hours

Agency standard work hours are Monday through Friday from 8am to 5pm, 40 hours per week with occasional evening and weekend hours. Hours are subject to change based upon business need or division determination. This position may be eligible for a flexible/hybrid work schedule if certain conditions are met; working arrangements may change at any time as business necessitates.

Minimum Qualifications

• Graduation from an accredited four-year college or university with major coursework in finance, accounting, mathematics, business administration, or a related field.
• At least seven (7) years of full-time experience in institutional asset management, consulting, banking or other financial services analytical work (credit research, valuations, derivatives analysis, etc.).
• Familiarity with allocating capital to external investment managers across public fixed income and/or hedge funds, with proficiency in portfolio modeling and risk assessment.
• A team-oriented attitude and approach.

Preferred Qualifications

• MBA, MSF, JD or other relevant graduate degree.

LICENSES / CERTIFICATIONS

• Chartered Financial Analyst (CFA); Chartered Alternative Investment Analyst (CAIA) are preferred.
• Travel Percentage: 10-25%

A valid Texas (or state of residency) driver's license and a satisfactory driving record are a condition of employment. Applicants offered an interview must present the following documents at or before the interview: A state issued driving record for the last 36 months; valid Texas driver's license (or state of residency driver's license); and current proof of automobile insurance.

General Duties & Responsibilities

• Support the CIO and the Head of Public Fixed Income by routinely monitoring existing strategies and conducting due diligence on prospective investment opportunities that could be recommended to assist with portfolio-level implementation.
• Demonstrate an ongoing awareness of industry specific and macroeconomic business cycles and trends, while contributing to or leading bespoke research projects that support investment management decisions.
• Source, screen, evaluate and perform qualitative and quantitative analysis of the asset managers, strategies, and funds used for construction of complex investment portfolios.
• Prepare comprehensive memos and present recommendations to the Investment Committee on specific strategies or co-investments aligned with the CIO's objectives.
• Regularly communicate with investment managers (in-person meetings or via calls), and foster relationships in a manner that upholds the Trust Company's brand and reputation.
• Maintain and update documentation held in internal systems and databases for supporting investment recommendations, providing ad hoc written and oral analysis as requested.
• Participate in internal team meetings and coordinate ongoing discussions with external consultants regarding markets and the development of strategic investment plans.
• Recommend and assist with negotiation of investment management terms and conditions related to investment managers in assigned portfolio.

Specific Duties & Responsibilities

• Serve as primary relationship contact representative to the external managers of assigned portfolios.
• Leads portfolio reporting efforts, including preparing periodic portfolio reviews and creating materials for internal team meetings and/or Board presentations.
• Conduct ongoing due diligence and provide day-to-day oversight of external investment managers, with specific focus given to organization/team, investment process, portfolio fit, and risk/adjusted performance.
• Assists the CIO and the Head of Public Fixed Income in development of opportunistic/tactical or strategic investment themes and other related initiatives.
• Prepares reports and analysis needed to recommendation sizing and allocation decisions.
• Initiate and coordinate communication between external managers and the custodian, consultants, administrators, service providers and the Trust Company's internal teams in Legal, Risk and Accounting.

Personal & Professional Development

• Attend annual meetings and industry educational conferences.
• Read and help distribute macroeconomic, microeconomic, financial, general business, and geopolitical research and analysis used in developing an outlook.
• Participate in internal and/or external training and development opportunities.

Perform other duties as assigned.

Maximize Your Earnings!

At the Comptroller's office, we know potential employees are looking for more than just a paycheck. The agency offers a strong benefits package for you and your family. Insurance, retirement plans, and a flexible work schedule are just the start. See our benefits offering

If you are seeking to gain knowledge, build your career, and network among goal-oriented professionals, this is the place for you!

Important Note To The Candidate

Salary is contingent upon qualifications. If you are scheduled for an interview and require any reasonable accommodation in our interview process, please inform the hiring representative who calls you to schedule your interview. Whenever possible, please give the hiring representative sufficient time to consider and respond to your request.

MILITARY PREFERENCE

To receive MILITARY PREFERENCE, you are required to provide proof by attaching the necessary documentation to this job application.

The Comptroller's Office is proud to be an equal opportunity workplace. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity.

An applicant must be eligible to work in the United States to be hired at the Comptroller's office and must remain eligible, without sponsorship or any assurance of financial or other assistance from this agency, during the term of their employment.

Applicants selected for further consideration may be subject to a pre-employment credit check. This screening will be conducted in compliance with the Fair Credit Reporting Act (FCRA). You will receive a separate disclosure and authorization form before any credit report is obtained.