Senior Risk Officer

5 months ago

New York, United States City of New York Full time

The New York City Comptroller’s Office works to promote the financial health, integrity, and effectiveness of New York City government, in order to strengthen trust, secure a thriving future for all New Yorkers, and build a more just, equitable, and resilient city. Led by an independently elected citywide official, the comptroller’s office provides checks and balances needed to hold City government accountable for budgeting wisely, investing responsibly, operating efficiently, acting fairly, living up to its obligations and promises, and paying attention to the long-term challenges we face together.

The Bureau of Asset Management is responsible for oversight of the investment portfolios of the five New York City pension systems. Through a culture of collaboration, individual development, and teamwork that leverages diverse talent and strives for continuous improvement, the goal of the Bureau of Asset Management is to achieve exceptional investment outcomes for all stakeholders; to deliver outstanding support to plan Trustees; and to serve as a responsible steward of the resources of plan beneficiaries and the City of New York.

The Senior Risk Officer will assist in analysis and provide recommendations on portfolio construction, assess and monitor market risk at the portfolio and manager level across asset classes, The Senior Risk Officer will independently identify and undertake risk projects, contributing to the development of risk infrastructure. This position will report to the Chief Risk Officer (CRO).

Under the supervision of the CRO, responsibilities include, but are not limited to, the following:

- Analyze portfolio construction, provide recommendations on asset allocation, manager selection and sizing.
- Contribute towards building a more efficient portfolio to meet investment objectives of the systems.
- Identify managers for the "watch list" and provide recommendations for the investment teams.
- As part of the Risk Team, research and develop new methodologies and participate in designing a multi-asset risk framework for a pension fund.
- Analyze investment risks using factor based quantitative models and review the implications of potential investment decisions on total portfolio risk.
- Investigate portfolio strategies and new investments. Communicate and present risk analysis to investors and management.
- Contribute towards building an internal risk infrastructure for efficient risk monitoring and reporting.
- Participate in manager due diligence and provide recommendations for the investment teams.
- Participate in strategic projects across all asset classes.


Minimum Qualifications

1. Graduate degree from an accredited college or university in business, economics, finance, mathematics, engineering, accounting, or a related field, and four or more years of progressively responsible full-time professional experience in a financial services organization, handling complex financial transactions/matters with considerable exposure to fixed income funds, and asset management (fixed income, private equity, public equity, hedge funds, etc.), preferably performing functions in the nature of what is listed in the bulleted list of the above job description, or similar experience at a consulting firm/bank, strategic advisory or government entity; or,

2. BS/BA degree from an accredited college, with major studies in the fields mentioned above and six or more years of progressively responsible full-time professional experience as described in "1" above.


Preferred Skills
- 10+ years of demonstrated Risk Management or related experience with a leading financial services firm such as asset manager, investment bank, or investment consultant- Strong expertise in at least one asset class with preference for multi-asset investment- Strong understanding of risk management concepts and investment strategies- Practical knowledge of a risk analysis application such as MSCI’s BarraOne or FactSetProficient in Microsoft Excel experience with VBA and Python is strongly desirable- Excellent financial, writing, presentation, interpersonal, communication, and organizational skills
Public Service Loan Forgiveness
As a prospective employee of the City of New York, you may be eligible for federal loan forgiveness programs and state repayment assistance programs. For more information, please visit the U.S. Department of Education’s website at class="jobad-residencyRequirement"> Residency RequirementNew 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.

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