Investment Operations Middle Office Analyst - Associate

Investment Operations Middle Office Analyst - Associate

Requisition : req
1335
Employment Type: Unclassified Regular Full-Time (URF)
Division: Middle Office Operations
Compensation: Depends on Qualifications
Job Closing: 3/6/2026
Location: TRS Headquarters Building 2
1900 Aldrich Street
Austin, Texas, 78723
United States

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 2 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 over $200 billion in public and private investments. Our success starts with you.

• Monitors, verifies, reconciles, and reports investment master data, valuations, and performance information including account master, security master, prices, reference data, holdings, exposures, notional values, gains and losses, collateral balances, cash balances, returns, and trade life cycle events using systems including but not limited to internal applications, SQL databases, Excel and Power
  
  BI, and platforms including Sim Corp, GAIN, My State Street, Bloomberg, and LSEG Data Scope.
• Analyzes market data, pricing, trading information, corporate actions, and other issues that affect portfolio valuation, performance, risk, compliance, and regulations.
• Researches and explains the causes of discrepancies on investment data on a daily, monthly, quarterly, and annual basis, including conferring with internal and external investment managers, accounting, and custodian.
• Engages in investment communications between front office and trade operations and takes appropriate action to ensure accurate data flow between parties, including internal and external investment systems.
• Understands investment risk management.
• Has knowledge of compliance rules and data governance.
• Manages data quality control, synthesizes data, and integrates analytics for investment decision making.

• Analyzes, assesses, and facilitates data acquisition for account, legal, and market documentation related to financial investment, including derivatives and physically settled securities.
• Liaises between custodian bank, external counter parties, and internal and external investment managers to ensure appropriate exchange of information and data.
• Participates in data modernization and transformation related projects to implement investment platforms or improve system integration between internal and external applications.
• Actively researches and identifies areas for improvement and automation for data quality control, workflows, business processes, operations, reporting and investment systems.
• Updates and maintains operational documentation, policies, and procedures.
• Facilitates resolutions cross-organization.

• Compiles detailed periodic and ad hoc reports on data reconciliation, portfolio valuation, holdings, fees, expenses, and other investment information using report writing, database, spreadsheet, and other software, for use by agency management, Investment's staff, the legislature and vendors, and to provide information requested under the Open Records Act.
• Prepares, generates, and analyzes data for investment decision-making including master data, reference data, exposures, compliance, portfolio views, performance, risk, liquidity, fees, Management Committee and Board Reporting.
• Performs related work as assigned.

• Bachelor’s degree from an accredited four-year college or university with major coursework in business administration, finance, accounting, operations, math, information technology, liberal arts or a related area.
• A Master’s degree in a related area may substitute for a year of the required experience.

• Five (5)…