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Type of Role: Investments

Experience Level: Analyst/Associate

Location: Harrisburg, Pennsylvania

Salary: $60K - $83K

The Public School Employees’ Retirement System (PSERS) is a pension fund for public school employees in the Commonwealth of Pennsylvania. Eligible members include all full-time public school employees, part-time hourly public school employees who render at least 500 hours of service in the school year, and part-time per diem public school employees who render at least 80 days of service in the school year in any of the 775 reporting entities in Pennsylvania. As of June 30, 2020, the System had nearly 256,000 active, 240,000 retired, and 26,000 vested inactive members, with an estimated annual active payroll of $14 billion. The annuitant membership as of June 30, 2020 is over 240,000 retirees and beneficiaries who receive over $530 million in pension and healthcare benefits each month. Details on the role below.

THE POSITION

Would you enjoy serving a critical role in helping to secure the pensions for hundreds of thousands of teachers and public-school employees in Pennsylvania? Are you an investment professional who is looking for a challenging, yet rewarding, new opportunity in an expanding quantitative risk management team?  Are you interested in analyzing portfolio risk exposures across various types of asset classes, public and private?  Do you enjoy working in a collaborative team environment?  If so, this may be the opportunity for you. We are looking for a Junior Investment Professional to join our Market Risk team at PSERS.

The Pennsylvania Public School Employees’ Retirement System (PSERS, www.psers.pa.gov), is an agency in the Commonwealth of Pennsylvania that administers the pension plan for Pennsylvania’s public school employees. The mission of PSERS is to maintain a financially sound system that supports over a half million members with a current pension fund of approximately $70 billion. This position will play a contributing part in ensuring PSERS fulfills its mission and values.

PSERS is located in Harrisburg, PA, a mid-size city situated along the Susquehanna River. Teleworking is optional, with an occasional need to report to the Harrisburg office as operationally necessary. If requesting to telework, you must have a securely configured high-speed internet connection and be located in Pennsylvania. The Harrisburg area is affordable and near many attractions including Hershey, and it is only two hours from major cities and airports like Philadelphia, Baltimore, and Washington D.C.

DESCRIPTION OF WORK

This broadly focused risk management analyst position will assist the PSERS Investment Office in analyzing and monitoring complex investment exposures and risks for PSERS’ entire investment program. The incumbent will provide critical support to the holistic evaluation of investment risks on a subset of specific strategies, individual portfolios, asset classes, and the plan overall. Working with other members of the team, this individual will discuss risk matters with the broader Investment Office and help with the messaging of risk matters in general.

Interested in learning more? Additional details regarding this position can be found in the position description.

Work Schedule and Additional Information: 

  • Full-time employment
  • Work hours are 8:00 AM to 4:30 PM, Monday – Friday, with 60-minute lunch.
  • Telework: You may have the opportunity to work from home (telework) part-time, dependent on operational and executive leadership requirements. In order to telework, you must have a securely configured high-speed internet connection and work from an approved location inside Pennsylvania. If you are unable to telework, you will have the option to report to the headquarters office in Harrisburg.
  • Salary: In some cases, the starting salary may be non-negotiable.
  • You will receive further communication regarding this position via email. Check your email, including spam/junk folders, for these notices.

REQUIRED EXPERIENCE, TRAINING & ELIGIBILITY

QUALIFICATIONS

Minimum Experience and Training Requirements:

  • A Bachelor’s degree; or four years performing relevant investment operations or investment risk work; or
  • An equivalent combination of experience and training.
  • Successful completion of any of the following professional accreditations may be substituted for relevant work experience:
    • Chartered Financial Analyst (CFA): 1 year per level passed
    • Chartered Alternative Investment Analyst (CAIA): 1 year
    • Financial Risk Manager (FRM): 1 year per level passed
    • Professional Risk Manager (PRM): 1 year
    • Certified Securities Operations Professional (CSOP): 1 year (only applicable to Operations positions)
    • Certified Treasury Professional (CTP): 1 year (only applicable to Operations positions)

Additional Requirements:

  • You must be able to perform essential job functions.

Preferred Qualifications (not required):

  • Bachelor’s degree with a concentration in the areas of finance, mathematics, statistics, actuarial science, data science, or economics.
  • Completed college coursework or have work experience in performing relevant investment risk analysis or management work.
  • Completed college coursework or have work experience using any investment risk systems or models.
  • Have one year or more of experience using Microsoft Excel or comparable spreadsheet program.

How to Apply:

  • Your application must include a resume.
  • You must attach a cover letter and resume to your application for review by the hiring manager. However, the information contained therein will not be considered for the purposes of determining your eligibility for the position. Information to support your eligibility for the position must be provided on the application (i.e., relevant, detailed experience/education).
  • If you are claiming education in your answers to the supplemental application questions, you must attach a copy of your college transcripts for your claim to be accepted toward meeting the minimum requirements. Unofficial transcripts are acceptable.
  • Your application must be submitted by the posting closing dateLate applications and other required materials will not be accepted.
  • Failure to comply with the above application requirements may eliminate you from consideration for this position.

Veterans:

  • Pennsylvania law (51 Pa. C.S. §7103) provides employment preference for qualified veterans for appointment to many state and local government jobs. To learn more about employment preferences for veterans, go to www.employment.pa.gov/Additional%20Info/Pages/default.aspx and click the Veterans’ Preference tab or contact us at ra-cs-vetpreference@pa.gov.

Telecommunications Relay Service (TRS):

  • 711 (hearing and speech disabilities or other individuals).

If you are contacted for an interview and need accommodations due to a disability, please discuss your request for accommodations with the interviewer in advance of your interview date.

The Commonwealth is an equal employment opportunity employer and is committed to a diverse workforce. The Commonwealth values inclusion as we seek to recruit, develop, and retain the most qualified people to serve the citizens of Pennsylvania. The Commonwealth does not discriminate on the basis of race, color, religious creed, ancestry, union membership, age, gender, sexual orientation, gender identity or expression, national origin, AIDS or HIV status, disability, or any other categories protected by applicable federal or state law. All diverse candidates are encouraged to apply.