About TRS

Since 1917, the Teachers’ Retirement System of the City of New York (TRS) has been securing better futures for NYC educators. With a pension fund valued at approximately $120 billion, TRS serves over 215,000 members, providing them with retirement, disability, and death benefit services.

TRS' Qualified Pension Plan (QPP) is a defined benefit plan that provides members with a monthly retirement allowance upon meeting certain eligibility requirements. TRS members can also enhance their benefits with a Tax-Deferred Annuity (TDA) Program, which offers multiple investment options and tax- deferred earnings.

At TRS, we seek dedicated professionals who are passionate about their work and committed to excellence. We pride ourselves on our member-centric culture, focused on delivering outstanding service and support to our members.

Position Summary

TRS is seeking a highly motivated and detail-oriented Investment Operations Analyst to join our investment team. This position plays a vital role in overseeing operational support for the externally managed $21 billion Variable Annuity Program.

The Analyst will help ensure seamless investment operation while engaging with asset managers, consultants, and internal stakeholders. The role offers a unique opportunity to grow cross-functional expertise in institutional investment administration within a mission-driven organization. Reporting to the Director of Investment Administration, the duties and responsibilities include, but are not limited to:

Coordinate and execute monthly cash and asset rebalancing to support benefit disbursements.
Manage fund purchases/liquidation logistics with investment managers based on monthly cash flow needs; maintain thorough records of all transactions.
Oversee asset transitions, including manager hires, terminations, and reallocations; ensure clear, proactive communication with all stakeholders.
Collaborate with the custodian on reconciliation, compliance, tax claims, fund rebalancing, and class action filings.
Review contracts and assess service providers’ performance against established service level agreements.
Monitor investment manager agreement and ensure program compliance with investment guidelines, policy compliance, and legal adherence.
Support the investment compliance and risk reporting cycle by coordinating with consultant, custodians, and investment managers to gather required data.
Track and evaluate external managers and stay informed on market developments through research and industry publications.
Contribute to the preparation of investment board materials, reports, and publications. Contribute to the documentation and continuous improvement of procedures and standard operating protocols to enhance operational scalability.
Participate in ad hoc projects as assigned by the Director of Investment Administration.

Preferred Skills in Addition to Minimum Qualifications

Bachelor’s degree in finance or related field
MBA or CFA designation preferred, but not required
At least 5 years of experience in investment operations and/or fund administration
Advanced proficiency in Microsoft Excel, Word and PowerPoint
Exceptional communication and interpersonal skills; able to collaborate effectively with colleagues and key stakeholders
Demonstrated track record of high performance, with the ability to work both independently, and within cross-functional teams
Strong analytical acumen, intellectual curiosity, and attention to detail
Genuine interest in investing and a desire to further develop investment judgement and expertise
Proven ability to manage multiple projects, meet deadlines, and deliver high-quality work without compromising quality or accuracy

ADMINISTRATIVE RETIREMENTS BEN - 8298C

1. A baccalaureate degree from an accredited college or university including or supplemented by 12 credits in mathematics, statistics, accounting, and/or actuarial science and four years of satisfactory full-time experience implementing the provisions of a retirement plan involving the use of mathematical, statistical, actuarial or accounting computations, 18 months of which must have been in an administrative, managerial or executive capacity or supervising professionals implementing the provisions of a retirement plan involving the use of mathematical, statistical, actuarial or accounting computations; or

2. An associate degree or 60 credits from an accredited college or university, including or supplemented by 12 credits in mathematics, statistics, accounting and/or actuarial science and six years of satisfactory full-time experience as indicated in “1”; or

3. Education and/or experience equivalent to “1” or “2” above. However, all candidates must have 60 credits from an accredited college or university, including or supplemented by 12 credits in mathematics, statistics, accounting and/or actuarial science and the 18 months of experience in a supervisory, administrative, managerial or executive capacity as described in “1” above.

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.