Investment Officer Internal Fixed Income Management
MOSERS - Jefferson City, MO

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DESCRIPTION

The Missouri State Employees' Retirement System (MOSERS) is looking for an ambitious individual with a multifaceted investment background to work with the MOSERS internal portfolio management team. The investment officer will be part of a small team that oversees MOSERS internally managed portfolios which are approximately 20% of the $8 billion MOSERS Trust Fund. The internal portfolio asset classes consist of treasury inflation protected securities, treasury securities and short-term cash investments. Primary responsibilities will include monitoring market conditions, trading securities, selecting securities, researching, portfolio monitoring and reporting.

DUTIES

The individual in this position reports to the Manager of Derivatives & Internal Management. This position assists in the oversight of all internally managed portfolios and performs other duties related to the beta balanced portfolio. Duties include assisting in developing and recommending the overall structure of internal portfolios, which includes assessing the portfolios' interest rate exposures, yield curve positioning, credit quality, call risk, use of derivatives and new product research; assisting in monitoring external investment managers on an ongoing basis and providing updates and recommendations to senior management on the proper course of action; assisting with the semi-annual due diligence visits with investment managers and other meetings as required; assisting in the daily activities for the management of the short-term investment portfolio, master limited partnership portfolio and the treasury inflation protected securities/treasury portfolios under the supervision of the Manager of Derivatives & Internal Management; analyzing and researching money market trends and possible application to the short-term investment portfolio; reporting of cash inflows and outflows affecting cash availability for the system; assisting senior management in the supervision and selection of securities lending managers and other financing relationships for the beta balanced portfolio; analyzing and maintaining consolidated reporting for securities lending and financing activities; assisting with reconciliation of fund and internal portfolio performance and fees; working with the internal risk team, investment managers, and software vendors to ensure the quality of the data in the risk measurement and custodian systems; assisting senior management in ensuring the enforcement of board policies, industry regulations and procedures related to the beta balanced portfolio; developing and running reports in investment statistical software systems for use by senior management in the investment decision making process; working with the Manager of Investment Policy and Communications in compiling data for the completion of the annual report; and performing other duties as needed or assigned.

QUALIFICATIONS

Bachelor's degree in business administration, economics, finance, or closely related field. Masters of Business Administration is desirable.

Requires a minimum of 2 years of institutional investment experience in the field of fixed income securities. Prefer experience with trading fixed income securities.

Progress toward the Chartered Financial Analyst (CFA) is required.

Requires specific knowledge of the fixed income markets. Requires a broad working knowledge of the investment markets, economic theories and investment principles.

Requires proficiency in Excel with VBA code experience a plus.

Requires a valid driver's license and ability to drive to and from St. Louis and Kansas City airports. Requires ability to fly domestically and potentially internationally to attend due diligence meetings. Position generally requires two to three days of overnight travel per quarter.

Requires critical thinker with strong analytical and computer skills.

Ability and willingness to conduct research and evaluate new investment strategies is essential.

Excellent communication skills.

Ability to maintain confidentiality.

Ability to demonstrate integrity and a high degree of ethics.

Ability to develop cooperative working relationships with MOSERS' employees and with external contacts.
The individual in this position reports to the Manager of Derivatives & Internal Management. This position assists in the oversight of all internally managed portfolios and performs other duties related to the beta balanced portfolio. Duties include assisting in developing and recommending the overall structure of internal portfolios, which includes assessing the portfolios' interest rate exposures, yield curve positioning, credit quality, call risk, use of derivatives and new product research; assisting in monitoring external investment managers on an ongoing basis and providing updates and recommendations to senior management on the proper course of action; assisting with the semi-annual due diligence visits with investment managers and other meetings as required; assisting in the daily activities for the management of the short-term investment portfolio, master limited partnership portfolio and the treasury inflation protected securities/treasury portfolios under the supervision of the Manager of Derivatives & Internal Management; analyzing and researching money market trends and possible application to the short-term investment portfolio; reporting of cash inflows and outflows affecting cash availability for the system; assisting senior management in the supervision and selection of securities lending managers and other financing relationships for the beta balanced portfolio; analyzing and maintaining consolidated reporting for securities lending and financing activities; assisting with reconciliation of fund and internal portfolio performance and fees; working with the internal risk team, investment managers, and software vendors to ensure the quality of the data in the risk measurement and custodian systems; assisting senior management in ensuring the enforcement of board policies, industry regulations and procedures related to the beta balanced portfolio; developing and running reports in investment statistical software systems for use by senior management in the investment decision making process; working with the Manager of Investment Policy and Communications in compiling data for the completion of the annual report; and performing other duties as needed or assigned.

MOSERS - 17 months ago - save job - block