Description
Oregon State Treasury is recruiting for the position of Investment Officer 3, Diversifying Strategies to join the recently established Diversifying Strategies team. The primary purpose of this position is to support the daytoday investment and administrative activities of the Diversifying Strategies Portfolios, and to share the ongoing oversight of various investments with the Senior Investment Officer, Diversifying Strategies.
The role of the Diversifying Strategies Portfolio is to enhance long-term return and diversification for the Funds managed by Oregon State Treasury through alpha generation and risk mitigation. The Diversifying Strategies team is responsible for the continual optimization of the Diversifying Strategies Portfolios. Team responsibilities include regular monitoring of existing investments, sourcing and due diligence of new potential investments, and ongoing analysis of performance, positioning, and risk.
Job Duties Summary
Conducts independent evaluation of investment proposals submitted for possible portfolio inclusion. Receives and reviews strategy presentations, takes frequent meetings with prospective general partners, managers, and placement agents and determines whether further review of proposed investment strategy is appropriate. Expected analysis encompasses the identification and documentation of each investment opportunity and its unique characteristics, evaluation of those characteristics relative to other, competing diversifying strategies investment opportunities, general partner track record assessment and a thorough inventory and evaluation of all other terms and conditions.
Screens prospective investments and works with the Senior Investment Officer, Diversifying Strategies on favorable recommendations for further evaluation. Performs due diligence and works with Oregon Investment Council advisory firms on their due diligence efforts prior to Investment Committee recommendation for investment approval. Works with legal counsel to negotiate terms and conditions of various agreements and contracts, following approval. Due diligence efforts require onsite visits to the general partners to make independent, qualitative assessments thereof. Works with the Senior Investment Officer, Diversifying Strategies to determine whether or not an investment recommendation should be made and presented. Prepares presentation materials in support of recommendations to various committees.
Works independently and as guided to perform industry and portfolio analysis and conduct research projects in support of the Diversifying Strategies Portfolios. Attends industry-related conferences and events.
Manages relationships with existing general partners with which the Funds have invested. Meets frequently with existing general partners to discuss firm updates, portfolio performance, attribution, positioning, and outlook. Monitors partnership compliance, fee and performance metrics using reports from, and discussions with, advisors and general partner personnel, and evaluates findings on both an absolute and relative basis. Uses various systems to analyze and evaluate the Diversifying Strategies Portfolios, individual partnerships, and specific investments.
Works in conjunction with the Senior Investment Officer, Diversifying Strategies to monitor and coordinate the activities of the advisory firms retained to monitor and report on the Diversifying Strategies Portfolios. With the guidance of the Senior Investment Officer, Diversifying Strategies may make presentations to multiple committees regarding investment recommendations and portfolio review.
Work Schedule
This position will have the opportunity for a hybrid (remote and in-office) work location schedule; in-office work will be predominately from Treasury’s Tigard office.
The person in this position will work from the office once per week on an assigned day. Additional days in the office may be needed for business reasons. Upon hire, the position will be required to work from the office more than once per week during onboarding period.
Salary Range
$191,568-$296,964 annually. For this position there is additional potential of up to 30% of base compensation. This position is eligible for relocation reimbursement.
Job Classification
This position is classified as an Investment Officer 3. This position is a management service position.
Required Minimum Qualifications
A bachelor’s degree in business or finance, or any degree demonstrating the capacity for investment knowledge and skill; and
Seven years of investment management experience, including three years of asset management experience.
MBA or similar graduate-level degree, Chartered Financial Analyst or Chartered Alternative Investment Analyst designation may substitute for two of the seven years' experience requirement.
Desired Attributes
Job Specific Attributes
Significant experience in the institutional investment industry (investment consultant, asset manager, pension, endowment, foundation, etc.) with role progression, demonstrating success and increasing responsibility.
CFA and/or CAIA designations.
Experience researching, selecting, and overseeing diversifying strategies investment managers across long/short, relative value, event driven, and directional strategies.
Experience with diversifying strategies portfolio construction and risk management.
Experience with investment programs such as eVestment, Factset, Bloomberg, Albourne Castle, and sophisticated Excel spreadsheets.
Experience writing manager due diligence reports and presenting to committees or other large groups.
Ability and willingness to travel nationally and occasionally internationally, to conduct meetings with investment managers and attend industry conferences.
Core Attributes
Respect – Treats all individuals fairly and respectfully; works effectively with others; fosters an environment where opportunities to thrive are available to all; respects different values and viewpoints.
Teamwork – Acts in a professional, respectful, and courteous manner, recognizes the worth of others, and places the good of the team ahead of personal objectives.
Flexibility – Demonstrates willingness to change to meet organizational needs, professionally handles discomfort with a changing work environment, and remains calm in stressful situations.
Communication – Effectively articulates and exchanges information with internal and external stakeholders. Is prompt in responding to questions and inquiries.
Initiative – Takes appropriate action without waiting for explicit instructions, generates creative approaches to addressing problems and opportunities.
Critical Thinking – Identifies and weighs options, makes sound decisions after reviewing all relevant information, plans for potential problems, takes calculated risks, and recognizes impact of solutions.
Time Management – Prioritizes and manages time effectively across various competing tasks, demonstrating focus and adaptability, arriving on time for meetings, and meeting deadlines.
Attention to Detail – Demonstrates accuracy and thoroughness when accomplishing tasks.
How to Apply
You are required to upload your resume and a cover letter detailing how you meet the desired attributes listed above.
Please make sure the attributes and qualifications you possess are clearly demonstrated in your application materials. Following these instructions and providing this information will be used to determine which candidates will be selected to move forward in the process.
We will accept applications through the job announcement closing date, however, we may close this recruitment early, if we receive a well-qualified applicant pool. If interested, please apply early.
Benefits of Joining Our Team
Low employee premium share for medical, dental, vision, and basic employee life (1% or 5% employee share);
Robust paid leave package, such as vacation, personal business, holidays, sick leave, and floating day of leave;
PERS retirement benefits;
Support with training and development;
Student loan forgiveness under the Public Service Loan Forgiveness Program (PSLF);
Optional benefits include optional life, short & long term disability, accidental death and dismemberment, Oregon Savings Growth Plan (deferred compensation plan), flexible spending accounts, long term care insurance, employee assistance program, and more!
About Oregon State Treasury
Oregon State Treasury is led by State Treasurer Elizabeth Steiner, MD. As Treasurer, she is the state’s financial leader, the custodian of public funds and chief investment officer. We prioritize investing for the long term, doing business the right way, and empowering Oregonians to invest in themselves.
We operate the state’s investing, banking, and debt programs. We're proud of the work we do to help families, governments, and businesses succeed.
We provide ways to save on taxes while also helping Oregonians to save for retirement through the OregonSaves program, for education after high school through Embark savings accounts, and for disability related expenses with the Oregon ABLE savings plan.
We operate the state’s investing, banking, and debt programs. We invest for the long-term, and sell Oregon bonds to help finance community projects like schools, roads and armories. Because of sound Treasury management, more than 73 cents of every dollar in pension benefits comes from investment returns. The Local Government Investment Pool is available to all Oregon and Tribal governments, and it helps to stretch budgets with a strong rate-of-return on public fund deposits.
We safeguard public funds so that governments can deposit funds safely in banks and credit unions, the Treasurer’s office protects public assets.
We help secure low-cost loans and bonds for nonprofit projects like hospitals and make money available to Oregon lenders, who can put that money to work in their communities.
We engage as a thoughtful shareholder to improve sustainable business practices. Oregon small businesses also benefit from OregonSaves, which allows them to facilitate a retirement savings option with no fees or legal or fiduciary risk.
Our Values and Principles
INTEGRITY---INNOVATION---DIVERSITY---TRUST---PROFESSIONALISM---ACCESSIBILITY
Please visit the following webpage to learn more about Oregon State Treasury: https://www.oregon.gov/treasury/Pages/index.aspx
Special Information
Prospective employees are subject to an extensive background check that may include, but not be limited to, validation of all application materials, prior employment, and professional references, driving records and fingerprint-based state and federal criminal and civil records. Adverse background data may be grounds for immediate disqualification.
OST does not offer visa sponsorships, and within three days of hire, the successful candidate will be required to complete the U.S. Department of Homeland Security form I-9, confirming authorization to work in the United States.
Eligible veterans who meet the qualifications will be given veterans' preference. To receive preference you MUST attach appropriate documentation as outlined by the Department of Administrative Services at the following website: Veterans Resources. You may also call the Oregon Department of Veterans' Affairs at 1-800-692-9666.
OST is an equal opportunity, affirmative action employer committed to a diverse workforce.
Consistent with the Americans with Disabilities Act (ADA), Oregon State Treasury will provide reasonable accommodation when requested by a qualified applicant or employee with a disability, unless such accommodation would cause an undue hardship. Requests for reasonable accommodation applies to all aspects of employment, including the application process. If reasonable accommodation is needed, please call Oregon State Treasury at 503-378-4000 and request to be connected to Human Resources.
