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New York City

    Investment Officer- Cash Management - New York, United States - City of New York

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    Job Description

    The Office of the New York City Comptrollers Bureau of Asset Management (BAM) supports the Comptroller in his role as investment advisor, custodian, and trustee for each of the five New York City public pension systems. BAM oversees more than $250 billion dollars in assets under management on behalf of New York City retirement systems, proudly serving nearly 800,000 New York City public servants including teachers, firefighters, police officers, and more.

    As investment advisor for some of the largest public pension fund systems in the country, BAM due diligences, recommends, and monitors a broadly diversified portfolio of externally managed investments across public equity, public fixed income, private equity, real estate, alternative credit, infrastructure, and hedge funds. Our team invests this portfolio with world-class external fund managers. Our office is a leader in ESG, recognized widely for our corporate governance and asset manager engagement program. Our principle-based ESG philosophy centers around the mitigation of long-term systemic risks posing a threat to our portfolio, including climate risk, labor-relations issues, and more.

    We promote a healthy work-life balance for employees, operating under a hybrid work program with three in-office days per week. Located in downtown Manhattan, our office is easily accessible from all five boroughs and commuter plans are offered for all employees. We are proud of our large, diverse, and skilled workforce.

    The systems portfolios are managed primarily by external investment managers; only short-term cash is internally managed. The Investment Officer, Cash Management will report to the Head of Short-Term Strategic Portfolio and Trading and will be responsible for the investment of a portion of the $1-6 billion of short-term funds for the New York City retirement systems as well as the investments of a portion of the $12-20 billion invested on behalf of other NYC agencies.

    The role will provide trade execution, administration, and credit analysis support for the short-term trading desk. Duties and responsibilities of the position include, but are not limited to:

    Assist in the transactions and accounting for investments made by the short-term trading desk and work with the various parties of the investment process to ensure that practices and policies are appropriately implemented and applied.

    Ensure transactions are appropriately booked and reconciled with all brokers and custodians.

    Maintain and update trade detail blotters and other documents.

    Produce periodic investment and performance reports for each agency.

    Help Desk-head maintain credit approval list for US Cash strategies, which includes timely written reports and analysis of approved issuers, as well as the identification and analysis of companies and programs for possible future investment approval.

    Participate in other related activities and perform related duties and assignments as may be required.

    MINIMUM QUALIFICATION REQUIREMENTS

    1. A graduate degree from an accredited college or university with major studies in finance, economics, accounting, business, or a closely related field, and three (3) or more years of full-time progressively responsible experience handling investment activities of a governmental agency, financial institution, or a brokerage firm; or

    2. BS/BA degree from an accredited college with major studies in the fields mentioned above and five (5) or more years of progressively responsible professional experience as described above; or,

    3. A satisfactory equivalent of education and experience mentioned above.

    PREFERRED SKILLS IN ADDITION TO MINIMUM QUALIFICATIONS

    Demonstrated experience and understanding of fixed income markets from an analytical and/or trading perspective. Experience with fixed income money markets is an advantage.

    Experience in an investment, accounting, or a financial services environment and understanding of financial statements, banking, and financial products.

    Solid understanding of how macroeconomic forces impact fixed income and money markets.

    Excellent writing, accounting, presentation, interpersonal, communication, organizational and process management skills; including strong Excel and PowerPoint skills are a must.

    TO APPLY, GO TO: Employment Opportunities at

    The selected candidate will be subject to the financial disclosure requirements of the offices Personal Trading Policy.

    Note: We appreciate every applicants interest; however, only those under consideration will be contacted. Certain residency requirements may apply. Vacancy notices listed as Until Filled will be posted for at least five workdays.

    Qualifications

    1. A graduate degree from an accredited college or university with major studies in finance, economics, accounting, business, or a closely related field, and three (3) or more years of full-time progressively responsible experience handling investment activities of a governmental agency, financial institution, or a brokerage firm; or

    2. BS/BA degree from an accredited college with major studies in the fields mentioned above and five (5) or more years of progressively responsible professional experience as described above; or,

    3. A satisfactory equivalent of education and experience mentioned 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 individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.



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