NOTE: Internal Applicants Only: this position is open only to the current employees of the Office of the Comptroller.

The New York City Comptroller’s Office Bureau of Asset Management (BAM) is responsible for oversight of the investment portfolios of the New York City Retirement Systems (Systems) totaling over $250 billion in assets. The 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 alternative credit. The Public Markets Middle Office Group Head will report to the Public Markets Middle and Back Office Support Group Head. The position performs functions to support the public markets investments throughout the lifecycle of the investment and supports the public markets investment teams. Duties and responsibilities, include but are not limited to:

- Overseeing all functions performed within the Public Markets Middle Office group; managing a small team of operations professionals by assigning and monitoring tasks, providing training, and evaluating performance and continuously improving processes;

- Leading meetings and discussions representing Public Markets Middle Office group functions;

- Transferring funds to and from investment managers for initial funding, rebalance events and terminations;

- Onboarding investment managers including account opening and all internal and external documentation requirements; reviewing investment managers monthly performance reconciliations against custodian bank reports and resolving discrepancies accordingly;

- Serving as the main point of contact for the custodian and investment manager when transitioning assets due to rebalance and termination events;

- Serving as the main point of contact for class actions inquiries related to data research, trading activity, and supporting documentation; working with global tax consultant in matters such as tax reclaims, withholding rates, and setting up local tax agents as necessary;

- Providing ongoing operational support for public market investments including adding trading markets, replying to manager and KYC documentation requests; performing operational due diligence for potential public market investment managers; maintaining the accuracy of all public investment attributes in the account master database;

- Monitoring portfolios defaulted and worthless securities and instruct custodian to write off when applicable; creating and maintaining written process documentation, key performance indicators and trackers; and, performing other related duties and functions as may be required.


MINIMUM QUALIFICATION REQUIREMENTS

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 three (3) or more years of satisfactory full-time experience in a financial services organization handling either Middle Office functions or operational support/oversight functions similar to those described in the bulleted list in the job description above; or,

2. A baccalaureate degree from an accredited college and five (5) 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

- Supervisory experience managing a team of finance/accounting professionals and/or serving as a project manager for a financial services organization;

- Familiarity with mystatestreet and other asset management tools preferred;

- Superior project management skills and demonstrated ability to multitask across various functional areas is ideal;

- Strong communications skills including excellent Microsoft Office (Excel, PowerPoint) computer skills at the user level.


TO APPLY, GO TO: Employment Opportunities at www.comptroller.nyc.gov

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.

Note: Vacancy notices listed as “Until Filled” will be posted for at least five work days.

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.

- Supervisory experience managing a team of finance/accounting professionals and/or serving as a project manager for a financial services organization - Familiarity with mystatestreet and other asset management tools preferred - Superior project management skills and demonstrated ability to multitask across various functional areas is ideal - Strong communications skills including excellent Microsoft Office (Excel, PowerPoint) computer skills at the user level.

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.