ABOUT THE D.C. RETIREMENT BOARD:
The District of Columbia Retirement Board (DCRB) is an independent agency of the District of Columbia Government. Our mission is to manage and control the assets of the D.C. Police Officers' and Firefighters' Retirement Fund and the D.C. Teachers' Retirement Fund as well as to administer benefits for the members of the of the D.C. Police Officers' and Firefighters' Retirement Plan and the D.C. Teachers' Retirement Plan.
Under the direction of the immediate manager and Chief Investment Officer (CIO), the Investment Analyst will perform a wide variety of analytical, research, and administrative work involved in the evaluation and management of the District of Columbia Retirement Board’s investment program. This is a generalist role working with a small collegial team on public and private markets. The candidate must display passion, curiosity, and a growth mindset for the investment field. This entry-level position is suited to someone interested in starting a career in institutional investment management.
ESSENTIAL DUTIES & RESPONSIBILITIES (Duties that occupy a major portion of time and importance of the job)
- Gather information and data from a variety of sources to develop and maintain current knowledge of investment market conditions and trends.
- Assist in quantitative analysis of financial markets, asset allocation, investment performance, risk management and economic data.
- Assist in monitoring existing investments for consistency with established benchmarks, investment objectives, and manager-specific guidelines.
- Assist in the search for new investment opportunities by gathering information from a variety of sources, analyzing expected returns and risks, and determining consistency with established investment objectives.
- Assist in the discussions of investment issues and problems with external investment managers and recommend appropriate action.
- Assist in the selection of investment service providers.
- Assist in reviewing proxy voting records and transaction cost analysis.
- Assist in reviewing asset allocation and investment risk; recommend changes to correct departures from established allocation and risk targets.
- Assist in the development of investment policies and procedures.
The incumbent also may:
- Prepare a variety of written, statistical, and financial reports/information—including Investment Committee agenda items, minutes, special-project reports, investment-performance reports, and correspondence.
- Establish and maintain databases, and prepare spreadsheets.
- Review and reconcile various reports on investment transactions and performance, and help plan investment workshops.
- Establish and maintain working relationships with appropriate members of the external investment community.
- Assist in performance of various departmental administrative functions, as needed.
- Strong quantitative and data analysis skills – with academic and/or industry experience in asset allocation, investment/risk management, financial markets, economics, and/or data science.
- Ability to learn, understand complex financial, economic, as well as legal issues.
- Familiarity with a range of statistical software packages, including but not limited to: R, Stata, and/or Excel Data Analysis.
REQUIRED EDUCATION & PROFESSIONAL CERTIFICATIONS
- Bachelor’s Degree
JOB EXPERIENCE (Years & Type)
Zero to three (0-3) years of relevant experience with a financial firm, consulting firm, pension fund, endowment, foundation, family office, or sovereign wealth fund—including experience:
- Monitoring and measuring performance within institutional portfolios and/or capital markets; and/or
- Developing quantitative applications to analyze and monitor public and/or private investments, as well as qualitative skills for assessment and recommendations.
- Interest in pursuing or progress toward the Chartered Financial Analyst (CFA) or Chartered Alternative Investment Analyst (CAIA) designations.
This job description describes the general nature and level of work being performed by the individual(s) assigned to this position. It is not intended to be an exhaustive list of all tasks, duties, responsibilities, and skills required. Management reserves the right to modify, add, or remove duties and to assign other duties as necessary. In addition, reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.
- Normal office environment (temporary hybrid work schedule)
The Government of the District of Columbia values the safety of our employees, our residents, and our visitors. In support of these values, if you are selected for this job, you must be fully vaccinated against COVID-19, except when vaccination is not medically advised or violates your sincerely held religious beliefs. If you are invited to join our team, you must submit proof that you are fully vaccinated against COVID-19 to your initial HR representative, or you must request an exemption from your representative. New employees must either provide proof of vaccination or be granted a medical or religious exemption before working with the Government of the District of Columbia.
EQUAL EMPLOYMENT OPPORTUNITY
DCRB is an Equal Opportunity Employer. In compliance with the Americans with Disabilities Act, the employer will provide reasonable accommodations to qualified individuals with disabilities and encourage both prospective employees and incumbents to discuss potential accommodations with the employer.
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