Fixed Income Analyst II

at  Colorado Public Employees Retirement Association

JOB SUMMARY

This position is primarily responsible for being the lead analyst on Colorado PERAs actively managed Treasury and Securitized portfolios. Primary responsibilities include analyzing, identifying, recommending and executing investment opportunities. The objective of the role is to be a critical member of a team that takes methodical risk in assigned portfolios in order to consistently outperform the Bloomberg U.S. Treasury, Bloomberg U.S. MBS, and the Bloomberg US Aggregate indices.

QUALIFICATIONS

• Bachelors degree in finance, business administration, accounting, or related field, MBA preferred, 7+ years of investment industry experience
• CFA completed or in progress
• Thorough understanding of financial concepts, markets, principles, and theories
• Understanding of macroeconomics and its influence on investments
• Demonstrated analytical, problem solving, and decision-making skills
• Effective prioritization and time-management skills
• Excellent oral and written communication and presentation skills
• Interpersonal skills including leadership and conflict resolution
• Proficiency with MS Office, Bloomberg, and other financial software applications
• Ability to work effectively both independently and with others in a team environment

JOB DESCRIPTION DISCLAIMER:

This job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of an employee. Duties, responsibilities, and activities may change or new ones may be assigned with or without notice.
Unfortunately, at this time, we cannot consider candidates that require sponsorship (now or in the future), or are located outside of the US.
All Colorado PERA employees are subject to PERAs Ethics Policy and some employees are subject to the Personal Trading Policy. These policies include restrictions on outside business activities and employment and have certain requirements on personal trading. You may request copies of these policies from PERAs talent acquisition team and any questions can be answered by PERAs Investment Administration team.

ABOUT COLORADO PERA

• Looking for a career where you can make a difference? Colorado PERA offers benefit services to public employees across Colorado, including teachers, state troopers, snowplow drivers, correctional officers and many others who provide valuable services. As Colorados largest pension plan, we serve and educate over 600,000 members who are former and current public employees.
• At PERA you will earn more than a paycheck. PERA is a culture where you can grow your potential and work in an inclusive environment, where diverse perspectives are valued. We hire exceptional employees and recognize that our people are our best asset. Not only do we make sound investments for our members, PERA invests in our employees growth through training and leadership opportunities.
• To promote wellbeing, we offer hybrid or flexible working options for most roles and a total rewards and benefit program including health, dental and vision coverage - eligibility starts the first day of the month following the date of hire for most plans; generous paid time off and volunteer hours; pension and retirement plans, including PERAs defined benefit plan, 457 defined contribution plan, and 401(k) employer match, as applicable; tuition assistance; free, convenient on-site parking or RTD subsidy; free on-site fitness center to stay active; employee assistance program; training, leadership and mentoring programs and more. PERA is a Public Service Loan Forgiveness qualifying employer.
• To learn more about life at PERA, watch this video or visit www.copera.org/careers.

• Function as the lead analyst for the Treasury and MBS portfolios
• Assist in managing the ABS and CMBS portfolios
• Independently develop and articulate an investment thesis by conducting macro and sector research and utilizing internal and external models
• Independently identify and articulate individual security recommendations
• Treasury Portfolio: Develop a high conviction investment thesis to drive performance including but not limited to asset class positioning, duration, curve, off the run, and carry exposure
• MBS Portfolio: Develop a high conviction investment thesis on vintage, specified pool, agency swap, duration, convexity, stack, TBA and carry exposure
• CMBS Portfolio: Develop a high conviction investment thesis by analyzing both macro and micro trends across the market, develop a thesis to help position the book in Agency vs Non-Agency, find relative value across different tranches and individual securities, and actively manage changes in credit across sectors and individual bonds
• ABS Portfolio: Develop a high conviction investment thesis across different sectors in the index, identify relative value across different tranches and bonds within sectors, and constantly support and assist in managing changes in the index, macro conditions, and micro conditions in each sector
• Responsible for trading fixed income securities as directed by portfolio managers
• Demonstrates an appropriate sense of urgency and initiative
• Participates in training and educational opportunities for ongoing professional development
• Maintains regular and prompt attendance in the workplace
• Performs other duties as requested