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
The Senior Investment Analyst will manage investments for the $21 billion externally managed Variable Annuity Program. This role also involves overseeing multi-asset global equity strategies, conducting market research, and liaising with key stakeholders to maximize risk-adjusted returns. Reporting to the Director of Investment Administration, the duties and responsibilities include, but are not limited to:

Key Responsibilities
- Conduct in-depth research and analysis on current and potential investment managers, evaluating their investment process, market opportunities, team dynamics, and other critical factors.
Support the Investment Consultant and Director of Investment Administration in making informed recommendations on external managers to the Investment Board.
- Maintain vigilant monitoring of external managers and stay abreast of market events through comprehensive analysist of research and market reports.
- Ensure a balanced and strategic approach to managing risk by integrating regulatory, compliance, and fiduciary controls into all investment activities.
- Develop and sustain detailed analytical reports to evaluate and monitor the performance of both prospective and existing investments, ensuring data-driven decision-making.
- Produce performance and exposure reports for the Fund's diversifying asset-class investments, compiling detailed summaries of investment managers' market outlooks.
- Regularly engage with existing managers to assess changes in organization or strategy, review performance, positioning, and outlook on a monthly or quarterly basis.
- Contribute to the monthly rebalancing process of the variable annuity program, ensuring optimal asset allocation.
- Prepare and organize monthly investment meetings, ensuring the timely distribution of agendas and all relevant investment materials.
- Review and assess service provider contracts in accordance with TRS policies and guidelines, ensuring key performance indicators meet established service level agreements.
- Collaborate with Investment Consultant to review and negotiate fee arrangements with existing and potential external managers, optimizing cost-efficiency.
- Provide strategic support to senior management and key stakeholders on investment-related matters, including active participation in relevant Board meetings.
- Assist in the preparation of investment materials, publications, and other informational content on pertinent investment topics.
- Conduct special projects as needed, showcasing adaptability and a proactive approach.

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.

- Bachelor’s degree from an accredited college and five (5) or more years of progressively responsible experience in the administration of an employees’ retirement system or a closely related field, including at least 18 months in a managerial, administrative or supervisory capacity. - MBA or CFA preferred. - Minimum 5 years of extensive experience in external manager selection and monitoring. - Familiarity with Morningstar Direct, Evestment and Bloomberg is a plus. - A passion for investing and continuous learning, as you will manage a portfolio spanning diverse asset classes and investment styles. - Proven record of high achievement, capable of both collaborative and independent work, demonstrating analytical rigor and intellectual curiosity. - Superior communication and interpersonal skills, with the ability to work collaboratively with colleagues and key stakeholders. - Strong work ethic, consistently meet deadlines and goals while managing multiple projects, without compromising quality or accuracy. - Exceptional analytical and quantitative skills, with an ability to translate complex data into actionable insights. - Travel Requirement: This position requires approximately 30% travel.

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.