Job Title: Senior Investment Analyst – Quantitative Equity
Reports To: Portfolio Manager
Department: Quantitative/Index Management
Pay Range: Starting at $103,916.80 and is eligible for participation in OPERS Incentive Compensation Program
FLSA Status: Exempt
Number of Openings: 1
Accepting Applications: 3/18/13 until filled
SUMMARY: The Senior Investment Analyst – Quantitative Management works with the Portfolio Manager on the internally managed tilt/active beta, risk parity, currency, commodity, enhanced, global beta/index-oriented and other portfolios managed by the Quantitative team. Portfolio responsibilities include but are not limited to constructing and trading for portfolios to optimize and improve the risk and return characteristics of the portfolios. The analyst monitors and manages the portfolios’ derivatives exposures, risk exposures, leverage, portfolio performance and other aspects and directs investment decisions and trading.
1. Develops and implements portfolio management strategies, conducts transitions and manages rebalance activities and other asset allocation activities in coordination with the Portfolio Manager and the Investments Division management team.
2. Assists in the development, review and modifications to fund level investment policies, procedures and portfolio guidelines.
3. Researches ideas and implements strategies for enhancing returns in the commodity, currency, enhanced, tilt/active beta, risk parity and equity beta/index oriented portfolios within the constraints of each portfolio’s active risk budget.
4. Employs the use of derivatives where permitted and appropriate to enhance returns, control risk, replicate beta exposure or manage leverage. Such derivatives may include futures, forwards and swaps (i.e. index, country, sector or single security swaps) and other instruments used to manage exposures to stocks, indices, sectors, countries and other asset types.
5. Monitors derivatives exposures and manages leverage of the various portfolios and uses knowledge of risk management and portfolio construction to optimize portfolio weights and to manage and direct the trading and rolling of futures, swaps, forwards and other derivatives instruments to assure the desired exposure and to maintain the leverage within permitted ranges.
6. Performs attribution analysis for assessing components of portfolio returns related to stocks, cash and futures, swaps and other derivatives and recommends modifications to portfolio strategy to improve returns.
7. Maintains expertise in the use of investment management technology systems including those related to risk management, portfolio optimization, order management and performance attribution. This includes the evaluation and monitoring of data sources for securities, derivatives and cash holdings, as well as index provider feeds.
8. Provide back-up for others in the Quantitative Management area by maintaining working knowledge of the policies, guidelines, analytics and procedures for the various portfolios in the group.
9. Other duties as assigned.
KNOWLEDGE, SKILLS, AND ABILITIES TO PERFORM ESSENTIAL FUNCTIONS*
- Strong organizational skills • Ability to react quickly in stressful situations
- Ability to work independently with minimal direction • Strong written and verbal communication skills
- Strong technical skills • Leadership skills and potential
- Ability to troubleshoot and problem solve independently • Strong Microsoft Excel skills
- High school diploma or GED - Required
- Bachelors in related field - Required
- MBA - Preferred
- Minimum 4 years of investment or budgeting -1 Required
- PC Proficient (all Microsoft programs) - Required
- FactSet, Barra Aegis, Bloomberg, Eagle - Preferred
Physical Requirements* (if applicable)
- • Chartered Financial Analyst (level 2 required).
- Registration and licensure with the State of Ohio Security Commission required.
- Within six months of hire, the candidate must meet the eligibility requirements to be licensed as a State Retirement System Investment Officer (SRSIO), which requires either:
1. Having achieved a passing scored on one of the following:
a. Series 63 exam administered by the Financial Industry Regulatory Authority (FINRA)
b. Series 65
c. Series 66 or
2. Earning and being in good standing with the organization that issues any of the following credentials
a. Chartered Financial Analyst (Minimum of Level Two)
b. Chartered Financial Consultant,
c. Chartered Investment Counselor
d. Certified Public Accountant with a personal financial specialist designation
DISCLAIMER: The above statements are not intended to be construed as an exhaustive list of all duties, skills and responsibilities required.
- Reasonable accommodations may be made to enable individuals with disability to perform the essential functions.
Operation HOPE, Inc. (HOPE) is America's first nonprofit social investment bank and a national provider of financial literacy and economic...