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Type of Role: Investments

Experience Level: Analyst/Associate

Location: Richmond, Virginia

Salary: $180K - $250K

The Virginia Retirement System, an independent state agency based in Richmond, delivers retirement and other benefits to covered Virginia public sector employees through sound financial stewardship and superior customer service. VRS ranks as the 14th largest public or private pension fund in the U.S. and the 42nd largest in the world, serving more than 778,000 active and inactive members, retirees and beneficiaries. Members include public school teachers, political subdivision employees (cities, towns, special authorities and commissions), state agency employees, public college and university personnel, state police, Virginia law officers and the judiciary. Approximately 832 employers participate in VRS.

Quantitative Researcher (Investment Officer) Hybrid Working Schedule

  •  511702
  •  Richmond, Virginia, United States
  •  Virginia Retirement System
  •  Audit and Finance
  •  Data Analysis
  •  Full-Time (Salaried)
  •  Virginia Retirement System

Title: Quantitative Researcher (Investment Officer) Hybrid Working Schedule

State Role Title: Financial Services Specialist III

Hiring Range: Commensurate with Experience

Pay Band: UG

Agency: Virginia Retirement System

Agency Website: varetire.org

Recruitment Type: General Public – G

The Virginia Retirement System’s (VRS) Internal Equity Management (IEM) team in the Investments Department is seeking an experienced professional to assist with the management and oversight of the internally managed equity investments.

Job Duties:

The IEM team currently manages over $15 billion of the $100 billion plan focused on quantitative active funds and is currently developing several new strategies. Internal funds are managed using a team approach in which each member of the group is responsible for generating new investment ideas, critiquing and refining the ideas of others, and implementing those ideas in tradable investment strategies. The new team member will be responsible for developing proprietary stock selection and risk models as well as the systems required to research and implement them. The candidate will participate in the portfolio management process and may present research to the staff, Investment Advisory Committee, and Board.

Minimum Qualifications:

• Bachelor’s or advanced degree in a field providing a background in advanced statistical analysis of large data sets (includes, but is not limited to, economics, finance, statistics, mathematics or computer science); or an equivalent combination of education and experience.
• Three to five years of investment-related work experience or academic research equivalent.
• Professional work experience that has included an understanding of accounting and financial statement analysis and familiarity with macroeconomic and trading research.
• The ability to comprehend and synthesize academic literature in finance, economics and statistics.
• Strong programming skills to manage and analyze the data required for strategy research and implementation. This includes SQL database programming and mastery of a high-level programming language such as R, MATLAB, Python, etc.
• Experience using financial databases such as Compustat, WorldScope, IBES and/or Bloomberg.

Additional Considerations:

• Experience with research and design of systematic factors

• Knowledge and understanding of the foundations of equity risk model design

• A CFA charter is desired

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.

Hybrid work schedule – employees work two days (Tuesday and Wednesday) onsite and three days (Monday, Thursday and Friday) remotely. Employees are expected to report to the office as required by the supervisor any day of the week.

**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: 840-697-6697

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 Certificate of Disability (COD) provided by a Vocational Rehabilitation Counselor within the Department for Aging & Rehabilitative Services (DARS), or the Department for the Blind & Vision Impaired (DBVI). Veterans are encouraged to answer Veteran status questions and submit their disability documentation, if applicable, to DARS/DBVI to get their Certificate of Disability. If you need to get a Certificate of Disability, use this link: Career Pathways for Individuals with Disabilities, or call DARS at 800-552-5019, or DBVI at 800-622-2155.

Each agency within the Commonwealth of Virginia is dedicated to recruiting, supporting, and maintaining a competent and diverse work force. Equal Opportunity Employer