*Please read the OPERS Personal Trading Policy prior to applying. All candidates must be able to abide by the policy in order to be considered for employment.
SUMMARY: The Investment Analyst - Quantitative Management researches enhancements to internally managed equity quantitative factor, alternative risk premia, commodity, enhanced and global beta/index-oriented portfolios. The analyst is involved in assisting with the development and implementation of the daily investment management decision-making processes for the portfolios. They monitor portfolio exposures, derivatives use and portfolio risks, as well as performs portfolio trading, rebalancing and portfolio optimization/construction.
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.
Employs quantitative tools, screening, multi-factor analysis or other techniques to improve performance and/or manage the volatility of portfolio returns.
Designs and develops effective reports and analysis using Excel, SQL and other tools to monitor and manage stock, currency, derivatives exposure, risk and other portfolio characteristics for daily investment decision making.
Employs the use of derivatives where appropriate and permitted to enhance returns, control risk, replicate beta exposure or manage leverage. Such derivatives may include futures, forwards and index, country, sector or single security swaps and other instruments used to manage exposures to stocks, indices, sectors, countries and other asset types.
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.
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.
Maintains expertise in the use of investment management technology systems including those related to risk management, portfolio optimization, order management, performance attribution and SQL database management. This includes the evaluation and monitoring of data sources for securities, derivatives and cash holdings, as well as index provider feeds.
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.
Performs other duties as assigned.
3 years of experience in investments, quantitative analysis or similar experience is required
Intermediate to Advanced MS Excel skills are required
Proficient in the use of SQL coding is preferred
FactSet, Barra Aegis, Bloomberg or Eagle systems experience is preferred
Additional Salary Information: Opportunity to participate in the OPERS Incentive Compensation Program
Internal Number: 2019037
About Ohio Public Employees Retirement System
Since 1935, OPERS has meant security and peace of mind to millions of Ohio’s retired public workers and their families. OPERS provides retirement, disability and survivor benefit programs for public employees throughout the state who are not covered by another state or local retirement system.
With assets of $101.4 billion as of Dec. 31, 2018, OPERS is the largest state pension fund in Ohio, and the 11th largest public retirement system and15th largest retirement system in the U.S.
Located in the heart of downtown Columbus -- Ohio's capital city – OPERS is blocks away from the Ohio Statehouse and Capital Square.
OPERS serves more than 1 million past and present Ohio workers. This includes active (working) members, benefit recipients and former public workers who maintain an account with the system.