Title: Investment Analyst (Hybrid Work Schedule)

State Role Title: Investment Analyst II

Hiring Range: $77,548-$105,000 (based on job series and commensurate with experience)

Pay Band: UG

Agency: Virginia Retirement System

Location: Richmond, VA

Agency Website: varetire.org

Recruitment Type: General Public - G

Summary

The Virginia Retirement System (VRS), the 15th largest pension plan in the United States with over $129 billion under management, is seeking an investment professional for its internally managed fixed income program. VRS is located in Richmond, Virginia, the capital of the Commonwealth of Virginia and while known for its historic roots, Richmond offers a wide range of modern cultural attractions that provide a welcoming and thriving culture for all. Richmond is frequently ranked as one of the best cities to live and work in America with easy commutes from suburban communities or historical urban neighborhoods. VRS offers great work/life balance and a competitive compensation and benefits package. Please visit VRS’ website (www.varetire.org) for additional information on the agency and fund.

Job Duties

The Investment Analyst is a key foundational role on the Internal Fixed Income (IFI) team. The incumbent will collaborate with all members of the team and gain broad experience as they help to support all the strategies that comprise the IFI program, both internally managed and externally managed portfolios. In addition to regularly occurring program level responsibilities, this individual may also be tasked with ad hoc research projects.

The Investment Analyst is an important contributor to the management of the fixed income program and over time will have opportunities to grow into responsibilities with direct impact on the investment decision making process, as well as specialize in a particular fixed income sector.

Continued education and training are highly encouraged for the continued development of knowledge and skills, including but not limited to obtaining a CFA charter.

Minimum Qualifications

- Significant progress towards a Bachelor’s degree, ideally in math/statistics, economics, finance, computer science, or engineering; Bachelor's degree required, by time of hire. Advanced degree preferred. An equivalent combination of education or experience may also be considered.
- 0-2+ years’ experience in data analysis, academic experience may also be considered
- Experience analyzing and interpreting datasets to support decision making
- Intellectual curiosity and a passion for continued learning
- Strong critical thinking skills, attention to detail, and strong verbal communication skills
- Growth oriented with a strong work ethic and demonstration of those traits through either academic or professional achievements
- Highly self motivated
- Integrity and respect towards their work, themselves, and others
- Desire to work with a small, close-knit, high performing team
- Prior experience with or interest in developing expertise in SQL and potentially Python

Additional Considerations

- Demonstrated experience and strong comfortability with statistics and/or mathematics
- Proficiency in Excel, Python and/or SQL
- Experience with fixed income generally, or securitized products specifically
- Experience with Bloomberg, Blackrock’s Aladdin, and/or asset management or fixed income software

Special Instructions

*VRS is unable to provide sponsorship, for this position*

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.

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 positions are met; this recruitment may hire more than one individual.

Currently, this position has a hybrid work schedule - requiring work in the office three days per week (T, W, TH), and work remotely two days per week (M, F). The selected candidate MUST be able to work in the office any day of the week, as required by the manager.

Contact Information

Name: Human Resources

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 AHP Letter (formerly COD) provided by the Department for Aging & Rehabilitative Services (DARS), or the Department for the Blind & Vision Impaired (DBVI). Service-Connected Veterans are encouraged to answer Veteran status questions and submit their disability documentation, if applicable, to DARS/DBVI to get their AHP Letter. Requesting an AHP Letter can be found at AHP Letter or by calling DARS at 800-552-5019.

Note: Applicants who received a Certificate of Disability from DARS or DBVI dated between April 1, 2022- February 29, 2024, can still use that COD as applicable documentation for the Alternative Hiring Process.

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