Details
Posted: 24-Sep-22
Location: New York City, New York
Type: Full Time
Preferred Education: 4 Year Degree
Salary: $49,000 - $60,000
Categories:
Management
Preferred Education:
4 Year Degree
NYC OFFICE OF THE COMPTROLLER
JOB VACANCY NOTICE
Title: Public Markets Analyst (Investment Operations Support)
Salary: $49,000 - $60,000
Bureau/Division: Asset Management / Investment Operations Support
Period: September 7, 2022 - Until Filled
JOB DESCRIPTION
The Bureau of Asset Management (BAM) is responsible for oversight of the Investment Portfolios of the New York City Retirement Systems (Systems) totaling over $240 billion in assets as of June 30, 2022. The portfolio is managed primarily by external Investment Managers and is largely invested in publicly- traded securities with additional allocations to private equity, real assets, hedge funds, and opportunistic fixed income investments.
The Public Markets group provides support and oversight for all of the accounts related to Investment Managers for publicly-traded securities. Reporting directly to Investment Operations Support’s Group Head of Public Markets, responsibilities of the position include, but are not limited to, the following:
- Performs oversight of monthly Investment Manager accounting reconciliations of Investment Manager records to Custodian records. Identifies material discrepancies and communicates with Investment Manager and determines a resolution;
- Reviews monthly transaction activity primarily for rebalances and transition of assets within accounts and creates a report and distributes to Retirement System Accountants;
- Provides Investment Managers with monthly official performance;
- Interacts with Retirement Systems in answering questions/resolving issues;
- Provides insights and recommendations for accounting activity; reviews data for Investment Manager compliance for use in KPI’s; reviews semiannual Investment Manager Report cards and domestic corporate action verifications;
- Creates, refines and maintains written process documentation for the oversight of publicly- traded security accounts; and,
- Performs other related duties and functions as required.
PREFERRED SKILLS IN ADDITION TO MINIMUM QUALIFICATIONS
- Familiarity with My State Street and other asset management tools preferred;
- Investment accounting/operations of a governmental agency, financial institution, or brokerage firm;
- Excellent Microsoft Office (Excel, PowerPoint) computer skills at the user level.
TO APPLY, GO TO: Employment Opportunities at www.comptroller.nyc.gov
The selected candidate will be subject to the financial disclosure requirements of the office’s Personal Trading Policy.
Note: We appreciate every applicant’s interest; however, only those under consideration will be contacted. Certain residency requirements may apply. Under Executive Order 75, all new City employees are subject to mandatory vaccination requirements. Vacancy notices listed as “Until Filled” will be posted for at least five workdays.
POSTING DATE: September 7, 2022
POST UNTIL: Until Filled
JVN: 015/023/032
The NYC Comptroller’s Office is an Equal Opportunity Employer
MINIMUM QUALIFICATION REQUIREMENTS
- A baccalaureate degree from an accredited college, including or supplemented by 24 semester credits in accounting, business administration, economics, finance, law, mathematics, or statistics and one (1) or more years of satisfactory full?time experience in investment activities of a governmental agency, financial institution, or brokerage firm; or,
- A baccalaureate degree from an accredited college and two (2) or more years of satisfactory full? time experience in investment activities of a governmental agency, financial institution, or brokerage firm.
