The Investment Management Division is hiring a Portfolio Manager/Trader. This is a full-time position (40 hours per week) with State Benefits, including health insurance, paid vacation, paid sick time, paid holidays, as well as retirement.
Recruitment Range: $148,000 - $185,000.
This position has been designated as Exempt in accordance with North Carolina General Statute § 126-5 (c12).
About Us
The Investment Management Division is the investment arm of the Department of State Treasurer, and actively invests and manages the State’s pension funds and other assets entrusted to the Department. Standing teams are Investment Grade Fixed Income, Public Equity, Private Equity, Opportunistic Fixed Income and Inflation Sensitive, Real Estate, Multi-Strategy, Risk and Asset Allocation, and Investment Operations. Click here to learn more about the Division.
Our campus is located on Atlantic Avenue, is surrounded by many shopping centers and restaurants, has access to a 24-hour 7-day-a-week free gym on the campus, and has free employee parking.
The Portfolio Manager/Trader assists in the oversight of the Public Equity’s internally managed and externally managed portfolios (US Equity and Non-US Equity) as well as provides continuous evaluation and management of risk associated with these investments. The position analyzes potential investment opportunities, interacts regularly with external manager/vendor relationships, and works closely with the team’s Investment Analyst in the completion of assigned duties.
Key Responsibilities
- Conduct manager due diligence, manager search/selection and assess manager performance.
- Measure and manage portfolio risk, perform asset allocation analysis and portfolio modeling.
- Perform trade order generation, execution, and portfolio rebalancing alongside lead PM.
- Participate in the negotiation of complex legal documents, preferred terms and management fees that govern all public equity investments as well as assist in the creation of investment recommendation memorandums.
- Assist with ad-hoc reporting for presentations to internal and external stakeholders.
- Position requires ~ 25% travel.
In furtherance of the Department of State Treasurer’s existing ethics and transparency programs, this position is subject to the ethics and conflict of interest requirements of the Department of State Treasurer Supplemental Ethics Policy (Tier 2 Policy).
Minimum Requirements
Qualified applicants must possess, and application must clearly reflect work experience that demonstrates the following:
- Working knowledge of the investment industry, trade life cycle, principles of modern portfolio theory, and statistical methods utilized to track and monitor performance.
- Experience presenting complex information such as financial data, economic conditions, and investment performance to senior management, elected officials, boards, and/or committees.
- Professional experience in trading and portfolio management, which involves selecting, evaluating, and managing a portfolio of internal and external investment strategies/managers.
- Experience using advanced tools for financial modeling and analysis (ex: Bloomberg, Tradesuite, SunGuard, FactSet, etc.).
Management Preferences
- Considerable experience with internal management of passive and/or active equities within a public or corporate pension plan, foundation, and/or endowment (front, middle, and back office).
- Direct investment and operational due diligence, manager search and selection and managing a portfolio of external investment managers within a public or corporate pension plan, foundation and/or endowment.
- MBA and/or CFA Certification.
Bachelor’s degree with coursework in accounting, business, economics, finance, investment, statistics, or related coursework and at least a 5-year track record of successful experience in trading and portfolio management involving selecting, evaluating, and managing a portfolio of internal and external investment strategies/managers within a public or corporate pension plan, foundation and/or endowment; or 3-year track record and MBA or CFA; or equivalent combination of training and experience. All degrees must be received from appropriately accredited institutions.
This position is subject to a criminal history background check through CastleBranch. In addition, one or more of the following may also be reviewed, depending on the nature and requirements of the position: employment history, professional references, credit history, and educational verification (i.e., degree, license, or official transcript). Applicants will be required to pass the background check to the satisfaction of the North Carolina Department of State Treasurer. All offers of employment are conditional until the satisfactory completion of the background check.
This office uses the Merit-Based Recruitment and Selection Plan to fill positions with highly qualified individuals. All applicants must complete and submit a State application for employment using the NEOGOV Online Job Application System (OSHR - Work for NC) for the State of North Carolina. To receive credit for your work history and credentials, you must list the information on the online application form. Any information omitted from the application cannot be considered in screening for qualifying credit. Attached or incorporated resumes (including Text resumes on application form) WILL NOT be used for screening for qualifying credit. Please make sure you complete the application in full.
The State of North Carolina, and the Department of State Treasurer, is an Equal Opportunity Employer:
- Applicants requesting and receiving an accommodation under the Americans with Disabilities Act (ADA) are eligible to submit paper applications via mail or by fax reference the contact information below. All applicants should indicate the position number and job title in the section "Jobs Applied For".
- Applicants seeking Veteran's Preference must attach a DD 214 Form, Certificate of Release or Discharge from Active Duty along with your application.
- Applicants seeking National Guard Preference must attach a copy of the NGB 23A (RPAS) or a copy of the DD256 or NGB 22 along with your application.
"See Resume" or "See Attachment" will NOT be accepted and will be considered an incomplete application and will not be processed. Other attachments will also be accepted, but not used in screening for qualifying credit.
Please note, foreign degrees require an official evaluation for U.S. equivalency, and must be submitted to Human Resources for verification. There are several organizations that perform this specialized service, feel free to use any service of your choosing.
Due to the volume of applications received, we are unable to provide information regarding the status of your application over the phone. To check the status of your application, please log in to your account and click "Application Status". It is not necessary to contact the Human Resources Office to check the status of an application.
If you are having technical issues submitting your application, please call the NeoGov Help Line at 855-524-5627. If there are any questions about this posting, other than your application status, please email Department of State Treasurer at HR@nctreasurer.com.
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