What are the responsibilities and job description for the Senior Investment Analyst position at City of New York?
Since 1917 the Teachers Retirement System of the City of New York (TRS) has been securing better futures for NYC educators. With a pension fund valued at approximately $120 billion TRS serves over 215000 members providing them with retirement disability and death benefit services.
TRS Qualified Pension Plan (QPP) is a defined benefit plan that provides members with a monthly retirement allowance upon meeting certain eligibility requirements. TRS members can also enhance their benefits with a TaxDeferred Annuity (TDA) Program which offers multiple investment options and taxdeferred earnings. At TRS we seek dedicated professionals who are passionate about their work and committed to excellence. We pride ourselves on our membercentric culture focused on delivering outstanding service and support to our members.
Position Summary
The Senior Investment Analyst will manage investments for the $21 billion externally managed Variable Annuity Program. This role also involves overseeing multiasset global equity strategies conducting market research and liaising with key stakeholders to maximize riskadjusted returns. Reporting to the Director of Investment Administration the duties and responsibilities include but are not limited to :
Key Responsibilities
Conduct indepth research and analysis on current and potential investment managers evaluating their investment process market opportunities team dynamics and other critical factors.
Support the Investment Consultant and Director of Investment Administration in making informed recommendations on external managers to the Investment Board.
Maintain vigilant monitoring of external managers and stay abreast of market events through comprehensive analysist of research and market reports.
Ensure a balanced and strategic approach to managing risk by integrating regulatory compliance and fiduciary controls into all investment activities.
Develop and sustain detailed analytical reports to evaluate and monitor the performance of both prospective and existing investments ensuring datadriven decisionmaking.
Produce performance and exposure reports for the Funds diversifying assetclass investments compiling detailed summaries of investment managers market outlooks.
Regularly engage with existing managers to assess changes in organization or strategy review performance positioning and outlook on a monthly or quarterly basis.
Contribute to the monthly rebalancing process of the variable annuity program ensuring optimal asset allocation.
Prepare and organize monthly investment meetings ensuring the timely distribution of agendas and all relevant investment materials.
Review and assess service provider contracts in accordance with TRS policies and guidelines ensuring key performance indicators meet established service level agreements.
Collaborate with Investment Consultant to review and negotiate fee arrangements with existing and potential external managers optimizing costefficiency.
Provide strategic support to senior management and key stakeholders on investmentrelated matters including active participation in relevant Board meetings.
Assist in the preparation of investment materials publications and other informational content on pertinent investment topics.
Conduct special projects as needed showcasing adaptability and a proactive approach.
Qualifications :
1. A baccalaureate degree from an accredited college or university including or supplemented by 12 credits in mathematics statistics accounting and / or actuarial science and four years of satisfactory fulltime experience implementing the provisions of a retirement plan involving the use of mathematical statistical actuarial or accounting computations 18 months of which must have been in an administrative managerial or executive capacity or supervising professionals implementing the provisions of a retirement plan involving the use of mathematical statistical actuarial or accounting computations; or
2. An associate degree or 60 credits from an accredited college or university including or supplemented by 12 credits in mathematics statistics accounting and / or actuarial science and six years of satisfactory fulltime experience as indicated in 1; or
3. Education and / or experience equivalent to 1 or 2 above. However all candidates must have 60 credits from an accredited college or university including or supplemented by 12 credits in mathematics statistics accounting and / or actuarial science and the 18 months of experience in a supervisory administrative managerial or executive capacity as described in 1 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 individuals sex race color ethnicity national origin age religion disability sexual orientation veteran status gender identity or pregnancy.
Remote Work : Employment Type :
Fulltime
Key Skills
Wealth Management,Cash Flow Analysis,Investment Experience,Asset Management,Analysis Skills,Securities Law,Equity Research,Investment Management,Private equity,Process Management,Financial Modeling,Bloomberg
Vacancy : 1
