Title: Investment Analyst (Quantitative)
State Role Title: Portfolio Solutions Senior Investment Analyst (Portfolio Management Developer / Quant) Hybrid Work Schedule
Hiring Range: $75,000-$137,000 (based on job series, and commensurate with experience)
Agency: Virginia Retirement System
Agency Website: varetire.org
Recruitment Type: General Public - G
Job Duties
Virginia Retirement System (VRS) is seeking an analyst to join the Portfolio Solutions Group (PSG), one of three investment units, working alongside Public Assets and Private Assets. The PSG team plays a crucial role in the implementation of asset allocation decisions. The VRS Board of Trustees recently approved a new strategic asset allocation, which includes a modest amount of leverage. As a result, we require a treasury group to effectively source, monitor, and manage capital across the entire pension fund. As the Portfolio Solutions Senior Investment Analyst, and PSG member, you will actively engage in the portfolio management process, contributing to informed decision-making. You will have the opportunity to present your insights to our staff, Investment Advisory Committee, or Board of Trustees. Your role is essential in realizing our mission of securing the financial future of public sector employees.
• Support the objectives, strategies, and daily responsibilities of the treasury function
• Develop quantitative and data-driven solutions to support the optimization of capital, funding, and investment strategies
• Develop data analytics and automated reporting to capture and identify potential trade and revenue generating opportunities
• Assist in the communication and presentation of Portfolio Solutions Group objectives and performance to both senior leadership and external stakeholders
• Assist in daily treasury operations, including cash flow forecasting, liquidity management, trade reconciliation and daily reporting
• Work closely with all groups across the firm, including risk, IT, operations, legal, and other investment professionals and portfolio managers
• Interface directly with and help manage external relationships, including trading and financing counterparties, custodians, and vendors
Minimum Qualifications
• Bachelor’s degree in business, finance, economics, accounting, computer science, or a similar field required; an equivalent combination of education and experience may also be considered. Open to recent college graduates.
• Experience in investment management, operations, or capital markets.
• Understanding of basic accounting principles
• Interest in advancing technical knowledge on derivatives, financing, and collateral management
• Strong analytical and problem-solving skills
• Excellent verbal and written communication skills
• Superb work ethic, attention to detail, team orientation, and commitment to excellence
Additional Considerations
• Experience in a variety of asset classes, including equities, fixed income, FX, and derivatives (exchanged-traded and over the counter) preferred
• Intermediate or advanced VBA, SQL and/or Python coding skills highly preferred
• CFA and/or CAIA designation preferred
Special Instructions
You will be provided a confirmation of receipt when your application and/or résumé is submitted successfully. Please refer to “Your Application” in your account to check the status of your application for this position.
*VRS is unable to provide sponsorship, for this position*
This position follows the hybrid work model currently requiring two days onsite and three days remote. Effective September 2024, this hybrid arrangement will require three days onsite and two days remote.
Operational due diligence performed on external investment managers and other related entities will include both on-site and virtual visits; therefore, some out-of-state travel may be required.
**Disclaimer: Applications of individuals who have applied for this position may be considered for vacant positions within the same job series if the qualifications for the vacant position are met.**
Contact Information
Name: Human Resources
Phone: None
Email: careers@varetire.org
In support of the Commonwealth’s commitment to inclusion, we are encouraging individuals with disabilities to apply through the Commonwealth Alternative Hiring Process. To be considered for this opportunity, applicants will need to provide their AHP Letter (formerly COD) provided by the Department for Aging & Rehabilitative Services (DARS), or the Department for the Blind & Vision Impaired (DBVI). Service-Connected Veterans are encouraged to answer Veteran status questions and submit their disability documentation, if applicable, to DARS/DBVI to get their AHP Letter. Requesting an AHP Letter can be found at AHP Letter or by calling DARS at 800-552-5019.
Note: Applicants who received a Certificate of Disability from DARS or DBVI dated between April 1, 2022- February 29, 2024, can still use that COD as applicable documentation for the Alternative Hiring Process.
