Description
At the North Dakota Retirement and Investment Office (RIO), our team thrives on collaboration, integrity, and a shared commitment to serving North Dakota’s citizens. As a global institutional investor, we manage more than $26 billion in investments on behalf of North Dakota's public institutions, serving the State Investment Board (SIB) and the Teachers’ Fund for Retirement (TFFR). We are driven by our values of integrity, accountability, and service in fulfillment of our investment and fiduciary responsibilities.
As the Investment Analyst specializing in quantitative risk and funds management, you will play a key role in supporting the development and management of the quantitative investing capabilities for advanced funds management and active risk management for the funds in the State Investment Board’s (SIB) care. This role involves a blend of quantitative research, risk reporting, portfolio monitoring, and cross-functional collaboration. This is an excellent opportunity to apply your analytical and coding skills in a real-world investment environment and make a meaningful impact from day one.
What You’ll Do:
- Support portfolio construction, optimization, and rebalancing efforts across multi-asset portfolios.
- Perform in-depth performance and risk analysis, including stress testing, factor sensitivity assessments, and exposure diagnostics.
- Manage and enhance the Aladdin risk system, including the data validation process, reporting improvements, and vendor system support.
- Monitor asset allocation, evaluating risk/return characteristics, and ensuring compliance with investment guidelines.
- Conduct quantitative due diligence on external managers, with a focus on risk alignment and portfolio fit.
- Lead the development of investment data pipelines and maintenance, including ensuring data integrity.
- Analyze macroeconomic trends and market regimes to inform asset allocation decisions.
Salary Range: $60,000 to $110,000 annually, commensurate with experience. This role may be eligible for a discretionary incentive compensation plan based on performance.
Requirements
What We’re Looking For:
To thrive in this role, you should have investment experience and credentials and/or the technical ability to design and code solutions that automate or enhance processes and workflows and perform sophisticated quantitative analyses. Strong communication and collaboration skills are essential, as this position works closely with internal team members, stakeholders, and a range of public and private organizations partners.
Required Qualifications:
Bachelor’s degree in a quantitative field such as Computer Science, Data Analytics, Engineering, Finance, Mathematics, Physics, Quantitative Economics, Statistics, etc.
Strong analytical skills, with proficiency in coding and advanced Excel functions.
Demonstrated experience applying quantitative methods to solve complex problems.
We’d love to see:
- 1+ years of relevant experience working in a similar investment role.
- Master’s degree
- Pursuit of Chartered Financial Analyst (CFA)/Chartered Alternative Investment Analyst (CAIA)/Financial Risk Manager (FRM) designation.
- Effective communication skills, including oral, written, and interpersonal communication.
- Exceptional coding and software development skills to design and build analytical tools and automated workflows to support multi-asset portfolio management and risk oversight.
- Knowledge and ability to use investment-related software such as Aladdin, custodian systems, and Bloomberg.
