The New York City Comptroller’s Office Bureau of Asset Management (BAM) is responsible for oversight of the investment portfolio of the New York City Retirement Systems (Systems), which comprises five pension systems. The Systems’ $250 billion portfolio is managed primarily by external investment managers, and is largely invested in publicly traded securities, with growing allocations to private equity, real estate, infrastructure, hedge funds and opportunistic fixed income investments.

The Senior Investment Officer will assist in overseeing BAM’s Alternative Credit program, comprising both public and private credit mandates, which currently have a target asset allocation of approximately $25 billion.

Under the general direction of the Head of the Alternative Credit Unit, responsibilities include, but are not limited to, the following:

- Identifying, reviewing and evaluating prospective investment opportunities; conducting due diligence on investment opportunities; managing a pipeline of prospective investment opportunities; analyzing the historical track record of prospective investment opportunities and other financial analyses; constructing financial models and performing technical analyses;

- Assisting the investment team, the General Counsel’s office, and consultants in negotiating terms and conditions of new investment agreements and other related contracts; and preparing and presenting decision-making documents for internal Investment Committees and Boards of Trustees;

- Monitoring and managing the portfolio of existing investments to ensure compliance with the terms of the limited partnership agreement and other contracts; overseeing development of internal database of existing investments; developing framework for analyzing the performance of existing investments; constructing financial models and performing technical analyses;

- Designing criteria and parameters for research analyses on market trends, strategies, industries, sectors, geographies and other topics as required; insuring the accuracy of partnership reporting, including the financial statements, quarterly reports, notices of distributions, capital calls and investment valuations;

- Reviewing and making recommendations on amendment requests, consent notices and other contract changes; participating in limited partner advisory committee meetings, annual meetings and quarterly update calls;

- Utilizing relationships with general partners to monitor fund developments; designing reports to track Systems’ investment activity; and assisting in developing agenda for investment conferences and other events.

- Performing related assignments or special projects as required.

- A graduate degree from an accredited college or university in business, economics, finance, accounting or a closely related field, and four (4) or more years of progressively responsible experience in a financial services organization handling complex financial transactions with considerable exposure to fixed income investments, such as high yield, bank loans, direct lending, structured products, commercial real estate debt, stressed/distressed, and asset management or similar experience at a consulting firm/bank; or,

- BS/BA degree from an accredited college with major studies in the fields mentioned above and six (6) or more years of progressively responsible professional experience as described above; or,

- A satisfactory equivalent of education and experience mentioned above.

- Demonstrated professional investment experience in high yield, bank loans, direct lending, structured products, commercial real estate debt, or stressed and distressed debt - Experience in investment manager sourcing and due diligence - Experience in portfolio management, structuring and monitoring - Experience in producing monthly, quarterly and annual investment materials - CFA Charterholder, or progress toward earning the Charter - Proficiency in Microsoft Office Suite (Word, Excel and PowerPoint) - Excellent accounting, writing, presentation, interpersonal, communication and organizational skills.

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.