Principal Risk Assessment Officer

2 weeks ago


New York, New York, United States City of New York Full time
City of New York - Senior Risk Officer

The City of New York is committed to promoting the financial health, integrity, and operational efficiency of its government. This office, led by an independently elected official, plays a vital role in ensuring accountability and prudent financial oversight.

The Bureau of Asset Management is responsible for managing the investment portfolios of the city's pension systems, with the goal of achieving outstanding investment performance while safeguarding resources.

The Senior Risk Officer will collaborate closely with the Chief Risk Officer to evaluate portfolio strategies, assess market risks, and aid in the enhancement of risk management frameworks.

Key Responsibilities:
  • Evaluate and propose asset allocation strategies and manager selections
  • Identify potential risks and offer insights to investment teams
  • Investigate innovative risk methodologies and support the establishment of a comprehensive risk framework
  • Conduct thorough assessments of investment managers and engage in strategic initiatives
Required Qualifications:

A graduate degree in business, finance, or a related discipline with a minimum of 4 years of experience in financial services, or a Bachelor's degree with at least 6 years of relevant experience.

Preferred Skills:
  • Over 10 years of experience in Risk Management within the financial sector
  • In-depth knowledge of asset classes and risk management principles
  • Proficiency in risk analysis tools and financial software applications
  • Excellent communication and organizational abilities

Joining the City of New York may provide eligibility for loan forgiveness programs. For more details, refer to the U.S. Department of Education.

Residency in New York City is typically required, with exceptions for certain positions after two years of service. Discuss residency requirements during the interview process.



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