TTSTC - Junior Portfolio Manager/Portfolio Manager
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.
About the role
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.
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
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.
Schedule
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.
Travel
10-25% travel required. 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.