WHO WE ARE:
The Teacher Retirement System of Texas is the largest public retirement system in Texas, serving more than 1.5 million people. Innovation, technology, and collaboration make the difference as we strive to continue earning your trust every day. TRS improves the retirement security of Texas public education employees through our ‘best in class’ investment management and delivery of pension and health care benefits.
Our Mission: Improving the retirement security of TRS members by prudently investing and managing the Trust assets and delivering benefits that make a positive difference in their lives.
The IMD Student Intern – Public Markets performs entry level investment research and analysis work. Work involves assisting investment staff with investment related research and analysis and performing special projects, with a primary focus on gaining practical work experience for personal development or to satisfy educational requirements. Works under close supervision of investment managers. This position reports to the Senior Managing Director of Public Markets.
Note: This position is a full-time, limited term assignment
Benefits of a TRS Investment Management Internship: This is a paid, full-time position that offers interns the opportunity to gain substantive experience in Investment activities and initiatives. Interns enjoy the chance to get training and mentoring from experienced professionals in Public Markets, including internally managed fundamental and quantitative strategies. We will be hiring several positions within each of the areas of Public Markets. The assignments will be determined by the experience and interest of the candidate and the needs of each department.
This position is scheduled to start in June 2021 and will end in August 2021.
Salary will be dependent upon education level:
Undergraduate (Senior) – $25/hour
Graduate Student – $40/hour
WHAT YOU WILL DO:
Research and Analysis
· Assists in performing fundamental and statistical investment analysis for potential investment opportunities, including investment computations (i.e., valuation multiples or return multiples, correlations, volatility analysis, attribution analysis, etc.), using any reliable printed or electronic media, partnership offering memoranda, and contact with external managers or general and limited partners.
· Assists in conducting strategic research, asset allocation analysis, and/or quantitative investment research or risk management.
· Assists in analyzing performance attribution using proprietary models (Private Markets).
· Assists in conducting investment research on various companies, industries, or countries.
· Assists in performing due diligence research and analysis for potential investment opportunities.
Projects and Communication
· Conducts projects with support from Public Markets team in the following areas: internal global equity portfolios, both quantitative and discretionary fundamental; external manager global equity and hedge fund portfolios; credit and special situation portfolios OR Conducts projects with support from Private Markets team in the following areas: private equity, real estate, and energy, infrastructure and natural resources.
· Participates in group projects as assigned.
· Consults or coordinates with investment managers, analysts, investment accounting, legal counsel, custodian, and third-party advisors and consultants.
· Provides timely written or oral reports of analysis and recommendations to Investments staff and management.
· Ensures that the agency Ethics Policy is adhered to in relationships with general partners, external managers, brokers, research suppliers, and other vendors.
Performs related work as assigned
WHAT YOU WILL BRING:
Minimum Required Qualifications
· Must be currently enrolled in and actively attending an undergraduate degree program with a major in business administration, finance, accounting, operations research, math, information technology, liberal arts or a related area, at an accredited college or university, and must complete their junior year (90 hours) by the start of the internship OR Must be currently enrolled in and actively attending a graduate program in finance, accounting, business administration or a related area.
· 3.25 GPA
· Applicant will be required to submit a copy of official college transcripts.
Registration, Certification, or Licensure:
· Experience or education in institutional investment research, accounting, financial analysis, statistical analysis or a related field.
Knowledge, Skills and Abilities
· Investment concepts, terminology, styles, models, strategies, and fundamental investment factors.
Statistical concepts, methods, and models, and their application to investments.
· Using a computer in a Windows environment with word processing, spreadsheet, presentation, database, and other business software to prepare correspondence, spreadsheets, charts, and reports.
· Conducting data searches and evaluations of large amounts of information, performing complex statistical analysis of the data, and preparing concise and accurate reports and written/oral recommendations.
· Planning, organizing, and prioritizing work assignments to manage a high-volume workload in a fast-paced and changing environment, and in completing detailed work with a high degree of accuracy.
· Verbal and written communication of complex information that is accurate, timely, and based on sound judgment
· Establish and maintain harmonious working relationships with co-workers, agency staff, and external contacts.
· Work effectively in a professional team environment.
Physical Requirements and/or Working Conditions
Work is performed in a standard office environment and requires:
· normal cognitive abilities including the ability to learn, recall, and apply certain practices and policies;
· marginal or corrected visual and auditory requirements;
· constant use of personal computers, copiers, printers, and telephones;
· the ability to move about the office to access file cabinets and office machinery;
frequent sitting and/or remaining in a stationary position; and
· the ability to work under deadlines, as a team member, and in direct contact with others.
· Must be able to:regularly, reliably, and punctually attend work;
· work extended hours as necessary;
· travel occasionally for work assignments and training
· show flexibility and adaptability toward changes in assignments and work schedules;
· adhere to the agency’s internal management policies and procedures; and
· exhibit work behaviors consistent with agency core values.
Military Occupational Specialty (MOS) Codes:
Veterans, Reservists or Guardsmen with experience in the Military Occupational Specialty ( http://www.hr.sao.texas.gov/Compensation/MilitaryCrosswalk/MOSC_AdministrativeSupport.pdf ) along with the minimum qualifications listed above may meet the minimum requirements and are highly encouraged to apply. Please contact Talent Acquisition at email@example.com with questions or for additional information.
To view all job vacancies, visit www.trs.texas.gov/careers or www.trs.csod.com/careersite.
For more information, visit www.trs.texas.gov.