NYC Department of Finance (DOF) is responsible for administering the tax revenue laws of the city fairly, efficiently, and transparently to instill public confidence and encourage compliance while providing exceptional customer service.
DOF’s Mayor’s Office of Pensions and Investments (MOPI) advises the administration on the City’s pension system, deferred compensation plan, and other retirement-related matters. MOPI researches and analyzes the policies, strategies, benefits, budgets, and investments of the City’s pension funds, and those of our national and international peers, to assist the mayor’s trustees in determining the best course of action. The chief pension administrator is responsible for non-investment issues at the City’s retirement systems, including disability and regular retirement benefits, administrative issues and budgets, and legal issues.
MOPI is seeking to hire a Senior Pension & Investment Advisor. Reporting to the Chief Pension Advisor, the selected candidate’s duties and responsibilities include, but are not limited to the following:
- Serve as senior advisor and assist with management, planning and administration of New York City pension funds.
- Supervise the Pension Investment Advisor.
- Conduct research and analyze relevant investment issues that impact asset classes and manager performance.
- Attend Retirement System investment and other meetings, serving as a designated alternate for the Mayor and Commissioner of Finance at such meetings, as directed.
- Perform in-depth fundamental and quantitative analysis on one or more asset classes to which primary responsibility is assigned.
- Make recommendations on manager selection, building team of managers, and investment policies and guidelines, asset allocation and investment strategy.
- Manage and model investment, operational and legal risk. Understand risk models and implications of investment decisions on total portfolio risk.
- Interpret capital markets and economic data concerning valuation, expected returns, risks and future trends of investments.
- Gather and interpret manager/consultant/peer group investment reports, as well as industry and regulatory information.
- Facilitate meetings with consultants and potential investment partners in connection with prospective investment opportunities.
- Work with other team members and the Comptroller's Bureau of Asset Management to ensure that all appropriate information is analyzed and integrated into the selection, termination, and performance reviews of investment managers.
- Search and selection of portfolio analytics and related software.
- Provide the Administration's trustees and others with timely investment reviews, reports, and presentations.
- Summarize and present data concisely describing current and long-term trends and opportunities.
- Formally and informally build, understanding and consensus. on critical issues of current and future importance.
Additional Information: In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification document form upon hire.
This position may be eligible for remote work up to 2 days per week, pursuant to the Remote Work Pilot Program agreed between the City and the Collective Bargaining Unit representing employees serving in the civil service title.
Minimum Qualifications
A baccalaureate degree from an accredited college, and five (5) years of full-time satisfactory responsible experience in the institutional investment activities of an Employees' Retirement System, professional investment consultant or asset management firm.
Preferred Skills
- Strong technical research and quantitative skills.
- Experience with a variety of computer-based research tools.
- Excellent writing ability, to process research and report effectively.
- Ability to work well under tight deadlines and in a team environment.
- Knowledge of retirement plan design, investment, governance, and fiduciary strategies and issues.
- Knowledge of retirement security.
- Knowledge of regulatory and legal issues and processes.
- Ability to think critically and analytically and make sound logical conclusions.
- Ability to communicate effectively, both orally and in writing.
- Skill in the use of personal computers, including spreadsheet and presentation software, database management systems and on-line information sources.
- Chartered Financial Analyst (CFA) certification.
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.