Location:
1900 Aldrich Street
Austin, Texas, 78723
United States
IFM Sr Analyst - Sr Associate Equity Research
| Requisition ID: |
req1222 |
Employment Type: |
Unclassified Regular Full-Time (URF) |
| Division: |
Internal Public Markets |
Compensation: |
Depends on Qualifications |
| Location: |
IMD |
Job Closing: |
8/12/2025 |
WHO WE ARE:
With the Investment Management Division (IMD) you will be joining a 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 Internal Fundamental Management (IFM) Sr Analyst - Sr Associate – Equity Research, is responsible for assisting with equity market investment research The incumbent will assist with financial modeling, monitor industry and stock dynamics, and assist with providing recommendations on the position of securities to portfolio managers and senior staff. This position will work proactively with the IFM team, IMD management, and IMD staff. This position reports to the Director of IFM Research.
This vacancy will be filled at one of three levels. Sr Analyst, Associate, or Sr Associate. Selected applicant will be offered the position that most closely matches their education and experience.
WHAT YOU WILL DO:
Financial Modeling / Dynamics
• Assists in evaluating investment strategy for assigned portfolio or sector in accordance with investment policy objectives and department guidelines.
• Performs investment analysis of securities in assigned industries or sectors, including basic investment computations (those involved in valuation calculation), using contact with company management, industry sources, outside investment firms, printed or electronic media, and other relevant, reliable sources.
• Assists with the performance of assigned individual equities, industries, or sectors in conjunction with senior staff.
• Assists with analyzing and evaluating long and short term, national and international macro/micro economic and business trends that directly affect assigned equity security groupings and develops recommendations for adjustments to holdings.
• Ensures that TRS Ethics Policy is adhered to in relationships with brokers, research suppliers, and other vendors.
Investment Recommendations
• Assists with communicating analysis of investment opportunities, results, and recommendations with the relevant portfolio managers and/or other senior staff via verbal and written reports and communications.
• Assists with and prepares qualitative and quantitative reports, memoranda, and spreadsheets.
• Assists with providing equity security investment recommendations relative to specific industries or sectors to assist in equity portfolio construction.
• Assists with weekly forecast updates on pitch recommendations
WHAT YOU WILL BRING:
Required Education
• Bachelor’s degree from an accredited college or university in business administration, finance,
accounting, operations research, math, information technology, liberal arts, or a closely related field.
• A Master’s degree in a related area may substitute for one (1) year of the required experience.
Required Experience
• One (1) year of full-time directly related, progressively responsible experience in investment management or related experience (Sr Analyst).
• Three (3) years of full-time directly related, progressively responsible experience in investment management or related experience (Associate).
• Five (5) years of full-time directly related, progressively responsible experience in investment management or related experience (Sr Associate).
• Previous coverage of global equities including, but not limited to, the developed markets (US, Canada, Europe, Australia, and Japan).
Required Registration, Certification, Licensure
• None
Preferred Qualifications
• Master of Business Administration (MBA) or Master’s degree related to finance.
• Experience working on a portfolio with 60-80 holdings or less.
• Prior experience as a generalist analyst covering multiple unrelated sectors and/or industries.
• Experience conducting primary research activities including industry/user conferences and interviews with appropriate company stakeholders.
• Skill in using a wide variety of mainstream portfolio analytic software products, such as Bloomberg and FactSet.
• Certification as a Chartered Financial Analyst (CFA) or working towards CFA.
Knowledge of:
• Investment concepts, terminology, styles, models, strategies, and fundamental investment factors.
• Statistical concepts, methods, and models and their application to investments.
Skills in:
• Strong written and verbal communication skills with the ability to convey complex ideas in a simple, clear manner.
• Using a computer in a Windows environment with word processing, spreadsheet, presentation, database, and other business software to prepare correspondence, spreadsheets, charts, and reports.
• Conducting data searches and evaluations of large amounts of information, performing complex statistical analysis of the data, and preparing concise and accurate reports and written/oral recommendations.
• 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/or written communication of complex information that is accurate, timely, and based on sound judgment.
• Making presentations to groups with varied levels of investment knowledge.
Ability to:
• Work on multiple portfolios across different philosophies, geographies, and market caps.
• Navigate and work with large amounts of data. Establish and maintain harmonious working relationships with co-workers, agency staff, and external contacts.
• Work effectively in a professional team environment.
Military Occupational Specialty (MOS) Codes:
Veterans, Reservists or Guardsmen with experience in the Military Occupational Specialty (
https://www.trs.texas.gov/files/trs-military-crosswalk.xlsx
) along with the minimum qualifications listed above may meet the minimum requirements and are highly encouraged to apply. Please contact Talent Acquisition at
careers@trs.texas.gov
with questions or for additional information.
To view all job vacancies, visit www.trs.texas.gov/careers
or www.trs.csod.com/careersite.
For more information, visit www.trs.texas.gov.
