Senior Investment Analyst (Hybrid Work Schedule)

Title: Senior Investment Analyst (Hybrid Work Schedule)

State Role Title: Investment Analyst II

Hiring Range: $95,443-$105,000 (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 $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 ( for additional information on the agency and fund.

Job Duties:

The Senior Investment Analyst position 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 exposure to 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.

While an important contributor to the overall management of the fixed income program generally, this individual will be primarily responsible for:

• Assist in the management of the securitized portfolio, composed of agency and non-agency residential mortgage-backed securities (RMBS), consumer and commercial asset-backed securities (ABS), and commercial mortgage-backed securities (CMBS)
• Collateral analysis and valuation of agency MBS, ABS, CMBS, and RMBS deals; compare deals across securitized sectors
• Maintain a database of relevant risk and valuation metrics
• Develop scenario analysis to stress test current portfolio holdings and potential new purchases
• Utilize available data to build prepayment, delinquency, and loss projection curves

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:

• Bachelor's degree in mathematics, engineering, statistics, finance, or related field required; advanced degree in a technical field, preferred; an equivalent combination of education and experience may also be considered
• 0-2+ years' experience in data analysis, academic experience may also be considered
• Demonstrated experience and strong comfortability with statistics and/or mathematics
• Experience analyzing and interpreting large datasets to support decision making
• Proficiency in Excel, Python and/or SQL
• Intellectual curiosity and a passion for continued learning
• Strong critical thinking skills, attention to detail, and verbal communication skills
• Highly self-motivated
• Integrity and respect towards their work, themselves, and others
• Desire to work with a small, close-knit, high performing team

Additional Considerations:

• Experience with securitized products, preferred
• Experience with Bloomberg, Blackrock's Aladdin, and/or other securitized related software, preferred

Special Instructions:

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.

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

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:

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 .

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.

Each agency within