Job details

Senior Investment Officer, Risk Management

Job Description

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

Qualifications

1. 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

2. 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

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.

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What You Should Know About Senior Investment Officer, Risk Management, City of New York

The New York City Comptroller’s Office is on the lookout for a talented and experienced Senior Investment Officer, Risk Management to join our dynamic team in New York City, NY. This engaging opportunity puts you at the forefront of ensuring the financial health and integrity of NYC's government operations. As a Senior Investment Officer, you'll leverage advanced analytics to enhance portfolio construction, aiming for superior alpha generation while taking part in the oversight of investment portfolios across five NYC pension systems. This role is perfect for someone passionate about delivering results through collaboration and a commitment to excellence. You'll lead manager due diligence and provide crucial insights into asset allocation and manager selection, shaping an efficient portfolio that aligns with investment objectives. But there’s much more; you will also research and develop innovative methodologies and design multi-asset risk frameworks, working closely with the Chief Risk Officer. If you have an advanced degree in finance or a related field and have honed your skills over years of handling complex financial transactions, then this could be the next career milestone you're aiming for. Join us in promoting trust and transparency in the city’s financial future while growing within an organization dedicated to continuous improvement and responsible stewardship of resources for the community. Your expertise in analyzing investment risks and communicating findings to key stakeholders will make a significant impact here. We can't wait to see how you can contribute to the Bureau of Asset Management's mission and work with a diverse team committed to a more equitable and resilient New York.

Frequently Asked Questions (FAQs) for Senior Investment Officer, Risk Management Role at City of New York

What is the role of a Senior Investment Officer, Risk Management at the New York City Comptroller’s Office?

As a Senior Investment Officer, Risk Management at the New York City Comptroller’s Office, you will utilize advanced analytics to improve portfolio construction for NYC's pension systems. This role involves analyzing investment risks, making recommendations on asset allocation, and conducting manager due diligence to achieve exceptional investment outcomes.