Investment Analyst

The North Dakota Retirement and Investment Office (RIO) is a global institutional investor with investment portfolios of more than $21 billion.

At RIO, we are driven by our values of integrity, accountability, and service in fulfillment of our investment and fiduciary responsibilities.

Our investment team is seeking a driven Investment Analyst (Alpha and Funds Management) . This key role will play a contributing part in ensuring RIO fulfills its mission, vision, and values.

As the Investment Analyst (Alpha and Funds Management) , you will partner with the RIO Investment team to optimize investment performance. A key aspect of this position is to assist senior leadership with the management of the public market portfolio’s exposures. Key responsibilities include monitoring the public market portfolio, evaluating public market investment managers, conducting manager searches, rebalancing the portfolio and optimizing cash flows.

As the Investment Analyst (Alpha and Funds Management) , you will also identify strategic and tactical opportunities to enhance the State Investment Board’s portfolios.

To thrive in this role, you should have investment experience and credentials; other quantitative and risk management investment experience is preferred. Effective communication and collaboration with team members, stakeholders, and public and private organizations are essential for this position.

Position reports to the Portfolio Manager of Alpha and Funds Management.

RIO is located in Bismarck, ND. This position is based in Bismarck, ND, and the successful candidate must reside within North Dakota.

Salary Range: $60,000 to $135,000 annually commensurate with experience. This role may be eligible for a discretionary incentive compensation plan based on performance.

You’ll need to have:

• Bachelor’s degree in accounting, economics, finance, mathematics, or business (with an emphasis in investments, economics, finance, accounting, or related investment content), or a closely related field from an accredited college or university.
• Strong analytical skills, with proficiency in financial modeling and Excel.
• Prior internship or work experience in investment funds management.

Note: Equivalent combinations of education and experience may also be considered.

We’d love to see:

• Effective oral, written, and interpersonal communication skills.
• A sophisticated understanding of investment vehicles, investment statistics/metrics, portfolio theory, capital markets and the investment process is desired.
• Experience working for an entity ( public agency or private corporation) that has a major investment program.
• A high degree of proficiency with windows-based software for word processing, spreadsheets, quantitative tools such as python programming language, risk and performance systems and concepts, and database management.
• Advanced excel skills.
• Knowledge and ability to use investment related software.
• CFA and other investment related credentials.

Working with Team ND and RIO:

More than 7,500 talented, hard-working people across sixty-three state agencies have come together as Team North Dakota. At Team ND, we are driven to succeed through gratitude, humility, curiosity and courage. Our purpose is to empower people, improve lives, and inspire success.

North Dakota's Retirement and Investment Office (RIO) was established in 1989 to coordinate the activities of the (SIB) and the (TFFR) as stated in of the North Dakota Century Code. While the SIB is the oversight board for RIO, the TFFR Board is responsible for the administration of the TFFR benefits program.

RIO is governed by the State Investment Board (SIB) which is responsible for the investment of the assets of the several state funds. The funds managed by RIO include the Legacy sovereign wealth fund, pension funds including the Public Employee’s Retirement Plan and the Teacher’s Fund for Retirement, and the Worker’s Safety and Insurance Fund. The SIB may provide investment management services to, and manage the money of, any agency, institution, or political subdivision of the state, subject to agreement with the Industrial Commission.

Our mission is to provide prudent and transparent investment services for our client funds and support North Dakota public school educators with responsible benefit administration.

Our vision is to be recognized as a trusted and innovative provider of investment and pension services.

For more information on RIO’s mission, vision, and values, please visit:

Total Rewards: The State of North Dakota is committed to providing team members with a strong and competitive package that support you, your health and your family. These benefits include 100% employer-paid family insurance, an excellent retirement savings plan, generous annual and sick leave plans, and more. Additional details about total compensation and benefits will be provided during the hiring process.

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