TTSTC- Portfolio Manager

About the role

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.

Responsibilities

• Support the CIO and work under the general direction of the Head of Public Equity by helping drive diligence on new investments and routinely monitoring existing strategies in the global equity and directional hedged equity portfolios.
• Demonstrate an ongoing awareness of public equity markets 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 on investments related to global public equity and directional hedged equity strategies.
• Prepare comprehensive investment diligence memos and present recommendations to the Investment Committee.
• Routinely 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.
• Affirmatively assist Portfolio Managers and the CIO with developing opportunistic and strategic investment themes, areas of focus, special projects, and prepare associated reports and presentations for consideration.
• Lead investment due diligence on prospective opportunities, including qualitative and quantitative analysis of investment strategy, process, portfolio construction, organization, and performance.
• Prepare reports and analysis needed to recommend sizing and allocation decisions within public equity portfolios.
• Broad knowledge of risk management best practices used within public equity portfolios.
• Ability to provide research and leadership related to performance attribution measurement of investments.
• 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.
• Assist with general research and analysis and personal development activities.

Qualifications

• Graduation from an accredited four-year college or university with major coursework in finance, accounting, engineering, mathematics, business administration, or a related field.
• Seven (7) years of total investment experience, preferably at an endowment, foundation, OCIO firm, family office, pension, fund of funds, investment bank, consulting firm, or a similar organization allocating capital to external investment managers.
• MBA, MSF, JD or other relevant graduate degree.
• Experience in public equity and directional hedged equity investments.

Skills

• Chartered Financial Analyst (CFA); Chartered Alternative Investment Analyst (CAIA).

Benefits

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.

Pay

Salary is contingent upon qualifications.

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.