Group Head, Public Markets Middle Office

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 Group Head of the Public Markets Middle Office Support will report to Director of Public Markets Middle and Back Office Support within Investment Operations Support (IOS). The Public Markets Middle Office group manages the functions to support the investment team with public markets investments throughout the life-cycle of the investment.

Responsibilities include, but are not limited to, the following:

* Oversees and performs all functions within the Public Markets Middle Office group and manages a small group of operations professionals ,assigns, and monitors tasks, provides training and evaluates performance;

* Leads meetings and discussions representing Public Markets Middle Office group;

* Manages the process of transferring funds and assets to and from Investment Managers for initial funding, transition and rebalance events and terminations;

* Manages the on-boarding of investment managers including account and market opening and all internal and external documentation requirements.

* Ensures the accuracy of all public investment attributes in the account database;

* Manages the process of wind down of accounts from manager terminations preparing the accounts for closure

* Assists the Director of Public Markets Middle Office & Back Office Support to design policies, procedures and practices which are used in the operational oversight of third-party services providers to the NYCRS investment portfolio. These service providers include but are not limited to:
Custodian, Security Lending Agent, Foreign Exchange provider, Class Action Service Provider, Tax Advisor and Consultants;

* Ensures that third
-party service providers are performing as defined by engagement contracts and continually evaluates the performance criteria to ensure they appropriately support BAM and are current with industry offerings;

* Performs operational due diligence for potential public market investment managers;

* Creates and maintains written process documentation for the group; and,

* Continuously evaluates processes to determine process improvement related to Public Markets Middle Office functions;

* Performs other related duties and functions as may be required.

INVESTMENT ANALYST - 40925

Minimum Qualifications

1. A baccalaureate degree from an accredited college or university, including or supplemented by 24 semester credits in accounting, business administration, economics, finance, law, mathematics, and/or statistics and one year of satisfactory full-time experience in investment activities of a governmental agency, financial institution, or brokerage firm; or

2. A baccalaureate degree from an accredited college or university and two years of satisfactory full-time experience in investment activities of a governmental agency, financial institution or brokerage firm.

Special

Note:

To be eligible for placement in Assignment Level II individuals must have, in addition to meeting the minimum requirements, at least one additional year of full-time experience in investment activities of a governmental agency, financial institution or brokerage firm.

Special

Note:

To be eligible for placement in Assignment Level III individuals must have, in addition to meeting the minimum requirements, at least two additional years of full-time

experience in investment activities of a governmental agency, financial institution or brokerage firm.

Preferred Skills

* Supervisory experience managing a team of operations or accounting professionals
- Familiarity with My State Street and other asset management tools preferred
- Superior project management skills and demonstrated ability to multitask across various functional areas is ideal
- Strong communications skills including excellent Microsoft Office (Excel, PowerPoint) computer skills at the user level.

55a Program

This position is also open to qualified persons with a disability who are eligible…