Senior Investment Officer- Fixed Income
OFFICE OF THE COMPTROLLER
Full-Time
Location: MANHATTAN
No Exam Required
Department: Asset Management
Salary Range: $179,200.00 – $196,000.00
Job Description
The New York City Comptroller’s Bureau of Asset Management (BAM) is responsible for oversight of the investment portfolio of the New York City Retirement Systems (Systems), which includes five major pension systems. The Systems’ $250 billion portfolio is managed primarily by external investment managers and is largely invested in publicly traded securities.
The Senior Investment Officer will assist in overseeing the Fixed Income allocation, which currently totals approximately $76 billion. Under the general direction of the Head of Fixed Income, responsibilities include, but are not limited to:
- Manager due diligence - working with the investment team and the Systems’ consultants to identify, review and evaluate both prospective and current investment managers;
- Direct responsibility for monitoring and relationship management of a portion of the portfolio of existing investment managers;
- Oversee and document the ongoing investment manager due diligence process;
- Preparing and presenting decision-making documents for the internal BAM Investment Committee and Boards of Trustees;
- Drafting, maintaining and revising investment manager guidelines and providing input for policy statements, as needed;
- Overseeing the funding of investment managers and the transition of assets;
- Designing criteria and parameters for analysis of market trends, strategies, industries, sectors, geographies and other topics, as required;
- Constructing financial models and performing related analyses;
- Ensuring the accuracy of periodic reports;
- Performing related assignments or special projects as required.
Qualifications/Skills
- 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; or,
- A satisfactory equivalent of education and experience as described above.
Preferred Skills
- Demonstrated expertise and experience in fixed income investment manager sourcing, evaluation and due diligence is a must;
- Experience in portfolio management, structuring and monitoring strongly preferred;
- Hands-on experience in producing monthly, quarterly and annual investment materials ideal;
- CFA Charterholder, or progress toward earning the Charter;
- Excellent quantitative, writing, presentation, interpersonal, communication and organizational skills;
- Proficiency in Microsoft Office Suite (Word, Excel and PowerPoint).
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.
Job ID: 639611
Title code: 95611
Civil service title: INVESTMENT MANAGER (COMPTROLLER)
Title classification: Non-Competitive-5
Business title: Senior Investment Officer- Fixed Income
Posted until: 09/26/2024
Experience Level: Experienced (Non-Manager)
Job level: M5
Number of positions: 1
Work location: 1 Centre St., N.Y.
Category: Finance, Accounting, & Procurement
