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IMD Student Intern - Public Markets

WHO WE ARE:

With the Investment Management Division (IMD) you will be joining a diverse group of achievers who celebrate the unique value individuals bring to support our shared cause: earning trust and contributing to the financial future of 1.9 million public education employees and retirees throughout Texas.
Navigating the current market environment takes innovation and we’re passionate about stewarding the right investments to make an impact both in the lives of our members and all Texans. We invite you to partner with the best financial minds in the business to manage a global portfolio of approximately $200 billion in public and private investments. Our success starts with you.

 The IMD Student Intern – Public Markets performs entry level investment research and analysis work. Work involves assisting investment staff with investment related research and analysis and performing special projects, with a primary focus on gaining practical work experience for personal development or to satisfy educational requirements. This position reports to the Senior Managing Director of Public Markets.
 
Note: This position is a full-time, temporary, limited term assignment
 
Benefits of a TRS Investment Management Internship: This is a paid, full-time position that offers interns the opportunity to gain substantive experience in Investment activities and initiatives. Interns enjoy the chance to get training and mentoring from experienced professionals in Public Markets. 

This position is scheduled to start on June 5, 2023 and will end on August 11, 2023.  We require that all IMD interns live in Austin, Texas for the duration of their internship..

Salary will be dependent upon education level:

Undergraduate Student (Senior) - $35/hour
5 Year Master’s Student - $40/hour
MBA Student - $60/hour


WHAT YOU WILL DO:

Research and Analysis
·       Assists in performing fundamental and statistical investment analysis for potential investment opportunities, including investment computations (i.e., valuation multiples, correlations, volatility analysis, attribution analysis, etc.), using any reliable printed or electronic media, and contact with external managers.
·       Assists investment managers in conducting strategic research, asset allocation analysis, and/or quantitative investment research.
·       Assists in conducting investment research on various companies, industries, or countries.
·       Assists investment managers in performing due diligence research and analysis for potential investment opportunities.
Projects and Communication
·       Conducts projects with support from Public Markets team in the following areas: internal global equity portfolios, both quantitative and discretionary fundamental; external manager global equity and hedge fund portfolios; credit and special situation portfolios.
·       Participates in group projects as assigned.
·       Consults or coordinates with investment managers, analysts, investment accounting, legal counsel, custodian, and third-party advisors and consultants.
·       Provides timely written or oral reports of analysis and recommendations to investments staff and management.
·       Ensures that the agency Ethics Policy is adhered to in relationships with general partners, external managers, brokers, research suppliers, and other vendors.
·       Performs related work as assigned




WHAT YOU WILL BRING:

Minimum Required Qualifications

Education:
·       Must be currently enrolled in and actively attending an undergraduate degree program with a major in business administration, finance, accounting, operations research, math, information technology, liberal arts or a related area, at an accredited college or university, and must complete their junior year (90 hours) by the start of the internship OR must be currently enrolled in and actively attending a graduate program in finance, accounting, business administration or a related area.
  •  GPA at or above 3.25
·       Applicant will be required to submit a copy of official college transcripts.
Experience:
·       None.
 
Registration, Certification, or Licensure:
·       None.
 Preferred Qualifications
 
·       Experience or education in institutional investment research, accounting, financial analysis, statistical analysis, or a related field.
Knowledge, Skills and Abilities
Knowledge of:
· Investment concepts, terminology, styles, models, strategies, and fundamental investment factors.
· Statistical concepts, methods, and models, and their application to investments.
Skill in:
 · Using a computer in a Windows environment with word processing, spreadsheet, presentation, database, and other business software to prepare correspondence, spreadsheets, charts, and reports.
 · Conducting data searches and evaluations of large amounts of information, performing complex statistical analysis of the data, and preparing concise and accurate reports and written/oral recommendations.
 · Planning, organizing, and prioritizing work assignments to manage a high-volume workload in a fast-paced and changing environment, and in completing detailed work with a high degree of accuracy.
 · Verbal and written communication of complex information that is accurate, timely, and based on sound judgment
Ability to:
 · Establish and maintain harmonious working relationships with co-workers, agency staff, and external contacts.
 · Work effectively in a professional team environment.