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Intern – Investment Operations Support (4 Positions)

  1. OFFICE OF THE COMPTROLLER
Posted on: 11/30/2023
  1. Part-time

Location

MANHATTAN

  1. No exam required

Department

Asset Management

$15.50 – $16.50

Job Description

This vacancy has now expired.

The New York City Comptroller, an independently elected official, is the Chief Financial Officer of the City of New York. The mission of the office is to promote the financial integrity and operational effectiveness of New York City government, in order to secure a thriving future for all New Yorkers and build a more just, equitable, and resilient city. We utilize the tools and responsibilities that the City Charter assigns us to ensure that City government is budgeting wisely, investing strategically, living up to its promises and obligations, and keeping a sharp eye on the long-term challenges to come.

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.

Responsibilities of the Investment Operations Support Intern include, but are not limited to:

- Support the daily operational and accounting activities for Alternative Investments including tracking, reviewing, saving capital call and distribution notices and other financial documents received from the general partners.
- Perform oversight of the fee transparency service provided by the Alternative Administrator which includes verification of information collected on quarterly reporting and help with data requirements related to the annual audit.
- Assist with various monthly reconciliations for Alternative Asset Oversight.

QUALIFICATION REQUIREMENT: Matriculation at an accredited college. Employment is conditioned upon continuance as a student in college.

COMPENSATION: Undergraduate interns will receive an hourly salary in the range $16 – $17, based on college year level.

IMPORTANT:
- Our office is located at the David Dinkins Municipal Building, 1 Centre St. in Manhattan/New York.
- All interns will work in-person in the office, Monday – Thursday, 28 hours per week.
- The employment period will be from June 3 – August 1, 2024.


Minimum Qualifications

As of June of the Program year the prospective interne must be a student matriculated in a college or be a recent college graduate (winter/spring term of the Program year).
NOTE: Appointment to this title is only valid for the duration of the Program, June - August each year.


Preferred Skills

- Good Microsoft Excel skills - Accounting knowledge
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 https://studentaid.gov/pslf/.
Residency Requirement

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.
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.

Job ID

617983

Posted until

2024-02-23

Title code

10234

Civil service title

SUMMER COLLEGE INTERN

Title classification

Non-Competitive-5

Business title

Intern – Investment Operations Support (4 Positions)

  1. Student

Job level

00

Number of positions

4

Work location

1 Centre St., N.Y.

  1. Finance, Accounting, & Procurement

Intern – Investment Operations Support (4 Positions)

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