Senior Investment Officer – Public Markets Pension Reserves Investment Management Board Boston, MA
The Massachusetts Pension Reserves Investment Management Board (PRIM) is seeking a Senior Investment Officer for our Public Markets investment team. Public Markets represents 60% of PRIM’s $72 billion PRIT Fund. Reporting to the Director of Public Markets, the Senior Investment Officer will be a key member of the Public Markets team (public equities and fixed income investments). The position calls for an analytical self-starter with strong research and communication skills. The Senior Investment Officer will look to bring new investment strategies to the team, identify investment managers to evaluate, and as a member of the Public Markets team, will be expected to present investment proposals and project updates to PRIM’s Investment Committee and Board of Directors.
Responsibilities and Duties
The role’s responsibilities will include but not limited to:
Proactively source investment strategies; identify and meet with strong managers; evaluate strategy efficacy and manager’s capability.
Utilize and enhance quantitative models in evaluating managers and in researching new ideas.
Act as the primary liaison between key asset managers and PRIM staff.
Initiate investment strategy discussions, providing thorough analysis, clear presentation and necessary documentation of relevant information.
Stay abreast of both commercial and academic research in a broad field of investment topics (economics, alpha strategies, risk estimation and portfolio construction, etc.).
Monitor and analyze current managers/portfolio positioning, risk and performance, through utilizing or building systematic tools to efficiently do so and report relevant information.
A minimum of 10 years’ experience in capital markets research/investing in public equities or fixed income strategies.
CFA, CAIA and/or a relevant graduate degree preferred.
Factor investing related knowledge/experience preferred.
Self-starter with sincere curiosity about all aspects of investment management.
Ability to comprehend, synthesize, evaluate and clearly communicate complex financial concepts and solutions.
Ability to multi-task and prioritize workflow in a cross-functional team, meanwhile being comfortable with ambiguity.
Ability to work both independently and as part of a team.
Ability to interact effectively with various stakeholders in and out of the organization.
It is the policy of the PRIM Board to afford equal employment opportunity to all qualified persons regardless of race, color, religious creed, national origin, ancestry, age, military status, sexual orientation, disability, genetic information, gender identity, gender expression or gender unless based upon a bona fide occupational qualification.
About Pension Reserve Investment Management Board (PRIM)
The Pension Reserves Investment Management ("PRIM") Board is charged with the general supervision of the Pension Reserves Investment Trust (“PRIT”) Fund, created by legislation (Chapter 661 of the Acts of 1983) to accumulate assets through investment earnings and other revenue sources in order to assist the Commonwealth in reducing its unfunded pension liability, and likewise to assist local participating retirement systems in meeting their pension obligations.