Senior Investment Analyst-Global Income Strategies

It is inspiring to work in an organization where individuals are deeply committed to the mission and values that drive our success.

We are dedicated to delivering expert pension service to Illinois public educators as they earn their promised retirement security.

Mission Statement

Delivering expert pension service to Illinois public Educators as they earn their promised retirement security.

The Investments Team

The Investments team at TRS plays a critical role in advancing the System's mission by managing and monitoring more than $83.7 billion in assets in a highly specialized, performance-driven environment.

Comprised of more than 30 investment professionals and continuing to grow, the team is responsible for evaluating and selecting external investment managers across the portfolio. Investments span a broad range of strategies, including public equities, fixed income, real assets, hedge funds, and private markets. The team's investment process is rigorous and highly analytical, grounded in deep qualitative and quantitative due diligence. Investment professionals engage directly with existing and prospective managers to assess performance, risk, and portfolio fit. The Investments team operates with high expectations for talent, accountability, and collaboration, where the strength of the team directly drives long-term outcomes for the System and its members.

Job Summary

Under the direction of an Investment Officer or Senior Investment Officer, the Senior Investment Analyst assists in coordinating and monitoring the investments within the Teachers’ Retirement System Global Income Strategies portfolio. The Senior Investment Analyst is responsible primarily for supporting Senior Staff in portfolio management with a specific focus on areas such as Public Debt (low duration, core and core plus fixed income, and emerging market debt) and/or Strategic Credit (global multi-sector credit and private credit) investments. Public debt includes rates, currencies, structured securities (CMBS, RMBS, ABS), bonds, and EMD. Private credit includes corporate direct lending, special situations, structured products, specialty finance/asset-backed finance, real estate debt, and real asset debt (infrastructure, transportation, energy/renewables). Helpful experiences may include fundamental credit analysis, fixed income trading, manager research and due diligence, private deal structuring, portfolio management, data analytics, and/or fund administration/operations.

This position requires a working knowledge of general investment theory. The incumbent must be able to work effectively with Investments staff, conduct thorough analysis and due diligence, and produce quantifiable recommendations supported by this research. This position requires the incumbent to perform research to validate or invalidate hypotheses that relate to the performance of the fund. The incumbent must be able to function effectively in stressful situations and possess a high degree of skill in both oral and written communications.

Essential Functions

• Research the investment performance and portfolio characteristics of existing and prospective investment management relationships and asset class structures.
• Evaluate performance and portfolio characteristics to assure compliance with the directives of the trustees regarding investment objectives and constraints.
• Assist Investments staff in preparing analyses, evaluations, and proposals for investments in new potential investment managers and structures.
• Evaluate the qualifications of prospective investment management relationships in accordance with investment policy, asset allocation directives and mix, diversification strategies and guidelines controlling risk/return characteristics for the Global Income Strategies portfolio.
• Prepare and/or support the preparation of statistical and narrative reports regarding the investment portfolios within the Public Debt and/or Private Credit asset class, market factors, alternative investment prospects, and investment industry practices.
• Manage many of the operational functions of the existing TRS Global Income Strategies portfolio.
• Research investment approaches, asset mixes, and portfolio management techniques to provide for potential incremental return to TRS’s individual assets and at the total fund level.
• Interact at the highest level with external managers and entities in direct management of the relationship.
• Assist Emerging Manager program staff, as necessary, in preparing analyses, due diligence, evaluations and proposals for administering emerging manager investment activity
• Manage the potential investment manager search process by certifying that all proper search related milestones are followed, that all contractual agreements are in place, and that all funding directives occur.
• Create reports assessing the public debt and/or private credit industry, measuring growth and performance statistics, new product offerings, mandate st