THIS POSITION IS OPEN ONLY TO THE CURRENT EMPLOYEES OF THE OFFICE OF THE COMPTROLLER

JOB DESCRIPTION:

The Bureau of Asset Management (BAM) is responsible for oversight of the Investment Portfolios of the New York City Retirement Systems (Systems). This approximately $254 billion portfolio is managed primarily by external Investment Managers and is largely invested in publicly traded securities with additional allocations to private equity, real assets, hedge funds, and opportunistic fixed income investments.

The Alternative Assets Middle Office Analyst will be part of Investment Operation Support (IOS) Alternatives Middle Office group. The primary function of the Alternatives Middle Office group is to provide support for set up and ongoing processing of Alternative Asset investment transactions throughout the investment lifecycle and to provide support to the Investment staff.

Duties and responsibilities of the Alternative Assets Middle Office Analyst include but are not limited to the following:

- Process and track daily capital calls/subscriptions and distributions/redemptions

- Review Consultant certification of cash flows and resolve any discrepancies

- Record keeping and document management of investments and transactions. Monitor legal documents, tax documents and partnership agreements

- Support the contracting process for new investments including providing information to legal teams

- Manage account opening process for new investments

- Perform and assist in the operational due diligence of potential new GP investments including researching and reviewing all applicable GP provided files and participating in due diligence calls

- Reconciliation of Account Master database attributes to Administrator and Consultants data

- Maintain updated contact list for all Investments

- Respond to internal and external Alternative Investment document requests

- Documentation of Alternative Assets Middle Office processes

- Performs other related functions and duties as required.


MINIMUM QUALIFICATION REQUIREMENTS

All applicants must be current employees of the Office of the Comptroller and meet the following minimum qualifications:


1. A baccalaureate degree from an accredited college, including or supplemented by 24 semester credits in accounting, business administration, economics, finance, law, mathematics, or statistics and two (2) or more years of satisfactory full-time experience in investment activities of a governmental agency, financial institution, or brokerage firm; or,

2. A baccalaureate degree from an accredited college and three (3) or more years of satisfactory full-time experience in investment activities of a governmental agency, financial institution, or brokerage firm.


PREFERRED SKILLS IN ADDITION TO MINIMUM QUALIFICATIONS

- Some finance/accounting/operations experience in Alternatives Investments (Private Equity, Real Estate, Infrastructure, Hedge Funds, Opportunistic Fixed Income)

- Strong communications skills with ability to assist in leading discussions and proposing solutions

- Ability to multitask across various functional areas

- Intermediate level of competency in Microsoft Excel (including pivot tables and VLOOKUP’s) and other Microsoft Office Suite products


NOTE:

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

Certain residency requirements may apply. We appreciate every applicant’s interest; however, only those under consideration will be contacted.

The NYC Comptroller’s Office is an Equal Opportunity Employer

1. A baccalaureate degree from an accredited college or university, including or supplemented by 24 semester credits in accounting, business administration, economics, finance, law, mathematics, and/or statistics and one year of satisfactory full-time experience in investment activities of a governmental agency, financial institution, or brokerage firm; or

2. A baccalaureate degree from an accredited college or university and two years of satisfactory full-time experience in investment activities of a governmental agency, financial institution or brokerage firm.

Special Note:
To be eligible for placement in Assignment Level II individuals must have, in addition to meeting the minimum requirements, at least one additional year of full-time experience in investment activities of a governmental agency, financial institution or brokerage firm.

Special Note:
To be eligible for placement in Assignment Level III individuals must have, in addition to meeting the minimum requirements, at least two additional years of full-time
experience in investment activities of a governmental agency, financial institution or brokerage firm.

This position is also open to qualified persons with a disability who are eligible for the 55-a Program. Please indicate at the top of your resume and cover letter that you would like to be considered for the position through the 55-a Program.

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 https://studentaid.gov/pslf/.

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.

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.