The Texas Treasury Safekeeping Trust Company is a special purpose trust company whose mission is to preserve and grow the State’s financial resources by competitively managing and investing them in a prudent, ethical, innovative and cost-effective manner while focusing on client needs. The Trust Company invests, manages, and oversees approximately $125 billion in assets. Investments include cash-equivalent funds such as the Texas Treasury Pool and separately managed portfolios for various Texas state agency clients. Details below.
General description
Join TTSTC External Investments team as Portfolio Manager! This role performs asset management, market research, due diligence, investment monitoring, and preparation of Investment Committee and Board materials for investments in public equity markets. Work involves researching, analyzing, and evaluating fund investments and other investment information to implement approved investment policies and programs.
Apply today and help the Comptroller’s office keep the Texas economy strong.
Work Hours
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.
Minimum 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.
Preferred Qualifications
- MBA, MSF, JD or other relevant graduate degree.
- Experience in public equity and directional hedged equity investments.
LICENSES / CERTIFICATIONS
- Chartered Financial Analyst (CFA); Institutional Allocator (IA); Chartered Alternative Investment Analyst (CAIA) are preferred.
- 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.
In this role you will
General Duties & 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.
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 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.
Prospective portfolio relationships:
Assists the CIO and the Head of Public Equity in development of opportunistic/tactical or strategic investment themes and other related initiatives.
Experience with developing, evaluating and communicating investment strategies specifically in global public and directional hedged equities.
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.
General Research and Analysis & Personal Development:
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.
Represent the organization at industry conferences and manager annual meetings, fostering relationships and upholding TTSTC’s brand and reputation.
Read macroeconomic, microeconomic, financial, general business, and geopolitical research and analysis.
Participate in internal and/or external training and development opportunities.
Maximize Your Earnings!
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
If you are seeking to gain knowledge, build your career, and network among goal-oriented professionals, this is the place for you!
Important Note to the Candidate:
Salary is contingent upon qualifications. If you are scheduled for an interview and require any reasonable accommodation in our interview process, please inform the hiring representative who calls you to schedule your interview. Whenever possible, please give the hiring representative sufficient time to consider and respond to your request.
MILITARY PREFERENCE
To receive MILITARY PREFERENCE, you are required to provide proof by attaching the necessary documentation to this job application.
https://hr.sao.texas.gov/CompensationSystem/JobDescriptions
Click on the occupational category for the position.
Additional MOS can be found at the State Auditor’s Office,
The Texas Veterans Commission provides helpful employment information. Go to: http://www.texasskillstowork.com, http://www.onetonline.org, https://hr.sao.texas.gov/CompensationSystem/JobDescriptions/ or www.careeronestop.org for assistance translating your military experience and training courses into civilian job terms, qualifications/requirements and skill sets.
Applications submitted through Work in Texas:
Work In Texas (WIT) applicants must complete supplemental questions to be considered for the position. To complete the supplemental questions please go to CAPPS Recruit to register or login and access your profile.
The Comptroller’s Office is proud to be an equal opportunity workplace. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity.
Resumes will not be accepted in lieu of completed applications. The application must contain the necessary information in the work history for the applicant to qualify for the position.
An applicant must be eligible to work in the United States to be hired at the Comptroller’s office and must remain eligible, without sponsorship or any assurance of financial or other assistance from this agency, during the term of their employment.
Applicants selected for further consideration may be subject to a pre-employment credit check. This screening will be conducted in compliance with the Fair Credit Reporting Act (FCRA). You will receive a separate disclosure and authorization form before any credit report is obtained.
Message from Allocator Jobs: To help prepare you for this role, take a look at the Institutional Allocator (IA) program from our partnership organization, the Allocator Training Institute. The IA program curriculum gives you a solid foundation of investing from the allocator’s perspective. You’ll learn how to evaluate investment managers, create an ‘endowment-model’ multi-asset class portfolio, and the quantitative tools necessary to succeed in the role. The three-part program can be completed in less than one year and exams are available every quarter-end month. This is the program that will help you start and then accelerate your allocator career. Reach out if you have any questions.
