Senior Investment Officer, Risk Management

NYC Department of Housing Preservation & Development • Full-time • New York, NY, US • $179k - $196k / year • 5d ago

The New York City Comptroller’s Office works to promote the financial health, integrity, and effectiveness of New York City government, in order to strengthen trust, secure a thriving future for all New Yorkers, and build a more just, equitable, and resilient city. Led by an independently elected citywide official, the comptroller’s office provides checks and balances needed to hold City government accountable for budgeting wisely, investing responsibly, operating efficiently, acting fairly, living up to its obligations and promises, and paying attention to the long-term challenges we face together.

The Bureau of Asset Management is responsible for oversight of the investment portfolios of the five New York City pension systems. Through a culture of collaboration, individual development, and teamwork that leverages diverse talent and strives for continuous improvement, the goal of the Bureau of Asset Management is to achieve exceptional investment outcomes for all stakeholders; to deliver outstanding support to plan Trustees; and to serve as a responsible steward of the resources of plan beneficiaries and the City of New York.

The Senior Investment Officer, Risk Management will utilize advance analytics to improve portfolio construction with a goal of enhanced alpha generation. The Senior Investment Officer will independently identify and undertake related projects, contributing to the development of analytical infrastructure. Additionally, the Senior Investment Officer will be a vital resource in building advanced manager oversight for Public Markets. Reporting to the Chief Risk Officer, this role will represent the Risk Team in various committees, lead manager due diligence, and oversee junior staff.

Responsibilities Include, But Are Not Limited To, The Following

Analyze portfolio construction, provide recommendations on asset allocation, manager selection and sizing. Contribute towards building a more efficient portfolio to meet investment objectives of the systems.
As part of the Risk Team, research and develop new methodologies and participate in designing a multi-asset risk framework for a pension fund;
Analyze investment risks using quantitative models and review the implications of potential investment decisions on total portfolio risk;
Investigate portfolio strategies and new investments. Communicate and present risk analysis to investors and management; and,
Performing related assignments or special projects as may be required

Minimum Qualifications

A graduate degree from an accredited college or university in business, economics, finance, accounting or a related field, and four (4) or more years of progressively responsible experience in a financial services organization handling complex financial transactions/matters with considerable exposure to fixed income funds, and asset management (fixed income, private equity, public equity, hedge funds, etc.) or similar experience at a consulting firm/bank; or
BS/BA degree from an accredited college with major studies in the fields mentioned above and six (6) or more years of progressively responsible professional experience as described above

Preferred Skills

Previous Risk Management experience of 10+ years, preferably in Multi-Asset environment, at a financial institution, consulting firm or a closely related area - Strong understanding of risk management concepts and investment strategies - Familiarity with the use of a risk analysis application such as MSCI’s BarraOne or FactSet - Strong knowledge of Python with practical experience of using it for risk analysis - Proficient in Excel and other tools in the Microsoft Office Suite

Public Service Loan Forgiveness

As a prospective employee of the City of New York, you may be eligible for federal loan forgiveness programs and state repayment assistance programs. For more information, please visit the U.S. Department of Education’s website at https://studentaid.gov/pslf/.

Residency Requirement

New York City residency is generally required within 90 days of appointment. However, City Employees in certain titles who have worked for the City for 2 continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County. To determine if the residency requirement applies to you, please discuss with the agency representative at the time of interview.

Additional Information

The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.