NY HELP No

Agency Teachers' Retirement System

Title TRS Investment Officer 1/Trainee

Occupational Category Financial, Accounting, Auditing

Salary Grade 18

Bargaining Unit CSEA Local 658 (NYS Teachers’ Retirement System)

Salary Range From $74153 to $96753 Annually

Employment Type Full-Time

Appointment Type Contingent Permanent

Jurisdictional Class Non-competitive Class

Travel Percentage 0%

Workweek Mon-Fri

Hours Per Week 37.5

Workday

From 8 AM

To 4 PM

Flextime allowed? Yes

Mandatory overtime? No

Compressed workweek allowed? No

Telecommuting allowed? Yes

County Albany

Street Address 10 Corporate Woods Drive

City Albany

State NY

Zip Code 12211

Minimum Qualifications Minimum QualificationsTraineeship Enter at the Grade 14A bachelor’s degree or higher in Accounting, Business Administration, Economics, Finance, Mathematics, Statistics, Engineering, or in a closely related field.Traineeship Enter at Grade 16A bachelor’s degree or higher in Accounting, Business Administration, Economics, Finance, Mathematics, Statistics, Engineering, or in a closely related field; and one year of professional investment experience.Qualifying experience includes:Investment-related duties reflecting a fundamental knowledge of the financial markets and an understanding of the economic forces that impact the financial markets, or analysis of financial or economic data; investment risk or portfolio management; investment operations; investment compliance, investment auditing, investment accounting, and quantitative analysis.Commercial real estate investing (investment acquisitions or asset management) or commercial mortgage lending, specifically involving the financing, investing in, leasing of, or asset management of large commercial real estate assets (generally properties worth $10 million or more);Non-qualifying experience includes:Activities applicable to small commercial properties (e.g., two to four family homes), the sale or brokerage of single-family homes, or experience marketing or selling financial service products to individuals, as performed by financial advisors and stockbrokers.Grade 18A bachelor’s degree or higher in Accounting, Business Administration, Economics, Finance, Mathematics, Statistics, Engineering or in a closely related field, and two years of professional investment experience.Qualifying experience includes:Investment-related duties reflecting a fundamental knowledge of the financial markets and an understanding of the economic forces that impact the financial markets, or analysis of financial or economic data; investment risk or portfolio management; investment operations; investment compliance, investment auditing, investment accounting, and quantitative analysis.Commercial real estate investing (investment acquisitions or asset management) or commercial mortgage lending, specifically involving the financing, investing in, leasing of, or asset management of large commercial real estate assets (generally properties worth $10 million or more);Non-qualifying experience includes: Activities applicable to small commercial properties (e.g., two to four family homes), the sale or brokerage of single-family homes, or experience marketing or selling financial service products to individuals, as performed by financial advisors and stockbrokers.Substitutions: Successful completion of all three levels of the CFA exam may substitute for two years of experience; a Chartered Alternative Investment Analyst (CAIA) designation, a Certified Commercial Investment Member (CCIM), a Member of the Appraisal Institute (MAI), or a Certified Public Accountant (CPA) may substitute for one year of experience; and a master’s degree in Business Administration concentrating in Finance or a closely related concentration may substitute for two years of experience.Preferred Qualifications1 year experience in fixed income portfolio management or similar role in investment management, current CFA candidate, and/or willing to pursue the CFA designation.Exposure to corporate bond markets or other fixed income sectors, such as but not limited to money markets, agency, treasuries, and ABS.Familiarity with due diligence on external fixed income managers.Understanding of foreign exchange trading.Familiarity with macroeconomic events that impact fixed income investment decisions.High degree of professionalism and integrity.Excellent analytic, quantitative, and desktop software computing skills desired.Ability to be team oriented and develop interpersonal skills.

Duties Description The TRS Investment Officer 1 (Fixed Income) is responsible for participating in the management and monitoring of the System’s corporate long-term bond portfolio by performing sector and individual issuer research, assist in developing independent and informed investment relative value recommendations, and develop ability to execute corporate bond trades. In addition, the role requires being cross functional with respect to participating in the monitoring, due diligence, and relationship management of external fixed income managers and occasional currency trading.Under the general direction of management and/or senior staff, the duties of the TRS Investment Officer 1 include, but are not limited to, the following:Assisting in development, modification and implementation of NYSTRS’ strategy with respect to corporate bonds.Actively identifying and monitoring risk in assigned NYSTRS’ fixed income portfolios; primarily sectors & issuers in corporate bonds.Preparation, reviewing, and/or managing fixed income periodic reports (e.g. monthly/quarterly) for use by NYSTRS Board, Investment Advisory Committee, NYSTRS annual financial report, cross-departmental projects, and/or NYSTRS management.Performing and/or reviewing analyses conducted by staff of fixed income securities in various sub-sectors held in the portfolios and/or contemplated to be purchased or sold.Executing foreign exchange purchases and sales.Progress towards the ability to execute primary and secondary bond purchases and/or sales utilizing electronic bond trading platforms (e.g. MarketAxess, Bloomberg) initially under the direction of supervisors to work towards implementing fixed income strategy.Create reports and review data output generated by bond portfolio analytic packages (BlackRock Aladdin) to facilitate the analysis of NYSTRS’ corporate long-term bond portfolio and assist in making investment decisions based upon the analysis.Participating in the oversight and monitoring of external fixed income managers (e.g. securities lending; high yield; global bonds), including performance review and guideline compliance.As needed, leverage third party fixed income quantitative analytical software to perform recurring and requested performance attribution, portfolio risk analytics, and conducting analyses to facilitate the portfolio and risk management on NYSTRS’ fixed income assets.Presenting to NYSTRS Board; Internal Investment Committee; Investment Advisory Committee and staff as needed.

Additional Comments All applications to NYSTRS should be done via our website. NYSTRS will never ask you to submit private information via email or direct you to submit private information to another site as part of our recruitment process.At NYSTRS, diversity, equity, and inclusion are integral to our mission of providing our members with a secure pension and exceptional customer service. We are committed to fostering an inclusive and equitable culture where all diversity is valued and recognized as a source of strength and enrichment across all operations.NYSTRS is proud to provide equal opportunities to all employees and qualified applicants without regard to race, color, religion, creed, sex, gender expression or identity, national origin, age, ability and disability status, veteran status, marital status, pregnancy status, sexual orientation, citizenship, or any other legally protected class. We are committed to being a workplace that attracts, supports, and retains talented individuals from diverse backgrounds and experiences while championing equal opportunity across recruitment, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.You must apply directly to the posting on our applicant portal in order to be in consideration for the position. The link to the application is: https://nystrs.clearcompany.com/careers/jobs/fadf910a-414c-b4ee-b002-fb2a93a7371a/apply?source=3123944-CS-53663

Some positions may require additional credentials or a background check to verify your identity.

Name Emily Seils

Telephone 518/447-4103

Fax N/A

Email Address recruitment@nystrs.org

Address

Street 10 Corporate Woods Drive

City Albany

State NY

Zip Code 12211

Notes on Applying You must apply directly to the posting on our applicant portal in order to be in consideration for the position. The link to the https://nystrs.clearcompany.com/careers/jobs/fadf910a-414c-b4ee-b002-fb2a93a7371a/apply?source=3123944-CS-53663