What are the responsibilities and job description for the Managing Director – Public Equities position at NYSTRS?
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.
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Position Summary
Reporting 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 year.
Minimum Qualifications
A bachelor’s degree and ten (10) years professional institutional investment experience, including :
- Implementing and managing an internal or external investment management program
- Managing, mentoring and developing professional investment staff
- Demonstrated success as an active participant of a senior-level professional investment team
- Experience making presentations at a Board or Investment Committee level
Preferred Qualifications
Work Modality
This position is subject to a hybrid work schedule.
Job Duties
The Managing Director of Public Equities is responsible for, but not limited to, the following duties :
Salary Grade
This position is an executive position.
Salary Range
240,000 – $310,000
EEO STATEMENT
At 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.
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Salary : $240,000 - $310,000