Managing Director - Public Equities

Apply by : All applications must be submitted by 5 : 00 pm on Wednesday, January 29th. Applications received after 5 : 00 pm will not be considered.Position SummaryReporting to the Executive Director and Chief Investment Officer, the Managing Director of Public Equities is responsible for the System’s public equity portfolio. The public equity portfolio represents a target of 52% of total NYSTRS’ assets and includes : a) active and passive portfolios, b) internally and externally managed portfolios and c) domestic, international and global portfolios. The position is responsible for performing complex duties requiring a high degree of integrity, expertise and sound judgment.The Managing Director of Public Equities must align and support the System’s investment philosophy and policy objectives including initiatives on diversity, inclusion and ESG. The successful candidate should have broad knowledge of passive and active equity investing approaches, and institutional experience including significant experience in factor-based investing, portfolio construction and asset allocation. An in-depth understanding of global economics and capital markets, equity investment strategies and vehicles, the principles and practices of institutional investing, investment operations, and investment policy development are also required.This position will require travel which will range from 10% to 15% per yearMinimum QualificationsA bachelor’s degree and ten (10) years professional institutional investment experience, including : Implementing and managing an internal or external investment management programManaging, mentoring and developing professional investment staffDemonstrated success as an active participant of a senior-level professional investment teamExperience making presentations at a Board or Investment Committee levelPreferred QualificationsAdvanced degree in finance, economics, business, statistics or a related or complementary fieldCFA Charter holderStrong technical skills including experience with portfolio optimization toolsTen plus years of institutional investment management experience and expertise with a demonstrated record of risk controls and performanceDemonstrated experience and belief in systematic and factor-based investment processesExperience developing, implementing and managing an internal and external investment management program.Experience with multiple asset classes and asset allocation decisions.Strong leadership skills, including decision making, risk management, organizational awareness, adaptability, flexibility and professional confidenceExcellent oral, written and listening communication skillsHigh degree of professionalism, integrity, honesty and ethical behaviorWork ModalityThis position is subject to a hybrid work schedule.Job DutiesThe Managing Director of Public Equities is responsible for, but not limited to, the following duties : Oversee the public equity portfolio with a value of $79.0B at 9 / 30 / 2024 and allocation targets of 33% domestic equities, 15% international equities and 4% global equities or 52% of the total NYSTRS’ portfolioProvide leadership, management, supervision, guidance and expertise to the Public Equities team comprised of 16 members across three divisions : (1) Quantitative Strategies and Internal Portfolio Management, (2) Equity Trading and (3) External Portfolio ManagementIncluding management, guidance of and insight into a) index and systematic active strategy development, improvement and implementation, b) manager research, selection and oversight, c) equity trade execution and transaction cost analysis and control, and d) all administrative aspects of operating the Public Equities departmentAnalyze and implement legal, regulatory, and policy initiatives as appropriateProvide advice and expertise as a voting member of the Internal Investment Committee (IIC) on all new investments across all asset classesAlong with the Executive Director and Chief Investment Officer coordinate the quarterly Investment Advisory Committee (IAC) meetings. The IAC is a group of outside experts that lead general investment discussions following formal presentations with staff and Board members.Manage the relationship and coordinate the advice and activities of the Systems general investment consultantFacilitate and host along with the NYSTRS Executive staff the annual Minority and Women Owned Business Enterprise (MWBE) conference providing guidance on how to do business with NYSTRSProvide quarterly updates to the Systems Board of TrusteesTravel for manager and broker due diligence, follow-up site visitsAttend conferences in order to network and stay abreast of investment industry developmentsSalary GradeThis position is an executive positionSalary Range$240,000 - $310,000EEO STATEMENTAt NYSTRS, diversity, equity, and inclusion are integral to our mission of providing our members with a secure pension and exceptional customer service. We are committed to fostering an inclusive and equitable culture where all diversity is valued and recognized as a source of strength and enrichment across all operations.NYSTRS is proud to provide equal opportunities to all employees and qualified applicants without regard to race, color, religion, creed, sex, gender expression or identity, national origin, age, ability and disability status, veteran status, marital status, pregnancy status, sexual orientation, citizenship, or any other legally protected class. We are committed to being a workplace that attracts, supports, and retains talented individuals from diverse backgrounds and experiences while championing equal opportunity across recruitment, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.All applications to NYSTRS should be done via our website. NYSTRS will never ask you to submit private information via email or direct you to submit private information to another site as part of our recruitment process.

Salary : $79