NYC OFFICE OF THE COMPTROLLER

JOB VACANCY NOTICE
Title: Risk Officer (Asset Management)

Salary: $110,000 - $133,900

Bureau/Division: Bureau of Asset Management

Period:

February 10, 2021 – Until Filled

JOB DESCRIPTION

The New York City Comptroller’s Office is responsible for oversight of the investment portfolios of the New York City Retirement Systems (Systems). This $275 billion portfolio is primarily managed by external investment managers, and is largely invested in publicly traded securities, with significant allocations to private equity, real assets, hedge funds, and opportunistic fixed income investments.

The Risk Officer will utilize various tools to assess and monitor market risk, reporting on portfolio risks and in evaluating external investment managers. Under the direction of senior staff, incumbent will be responsible for performing ad-hoc portfolio analysis requiring independent research. In addition, the Risk Officer will be a key resource in the design and implementation of expanded risk tools and reports for various teams within the organization.

Reporting to the Chief Risk Officer, the Risk Officer’s responsibilities include, but are not limited to, the following:

• Analyze portfolio risk using quantitative models and review the implications of potential investment decisions on total portfolio risk;
• Assist in the design and implementation of risk reporting for multiple client groups within the organization;
• Perform ad-hoc analysis requiring independent research and facility with various programming languages;
• Participate in the identification and evaluation of new risk strategies and technology;
• Test and document technical processes and procedures;
• Assist in the oversight of enterprise risks beyond portfolio risks;
• Perform other related assignments and special projects as may be required.

MINIMUM QUALIFICATION REQUIREMENTS

• Master’s degree from an accredited university in a quantitative discipline such as finance, mathematics, engineering or closely related field and a minimum of four (4) years’ experience working in investment banking or asset management, preferably in analyzing both Fixed income and Equity investments at a financial institution, consulting firm or a closely related area; or,

• BS/BA degree from an accredited college in one of 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/or experience mentioned above.

PREFERRED SKILLS IN ADDITION TO MINIMUM QUALIFICATIONS * Familiarity with the use of a risk analysis application such as MSCI’s BarraOne, Blackrock Aladdin or FactSet;

• Familiarity with Asset/Liability management;
• Chartered Financial Analyst (CFA), Financial Risk Manager (FRM) or similar professional designation;
• Programing skills (R, MATLAB, Python, VBA, C# etc.);
• Excellent interpersonal, communication, report writing and organizational skills.

TO APPLY, GO TO: Employment Opportunities at www.comptroller.nyc.gov

The selected candidate will be subject to the financial disclosure requirements of the office’s Personal Trading Policy.

Note: We appreciate every applicant’s interest; however, only those under consideration will be contacted. Certain residency requirements may apply. Under Executive Order 75, all new City employees are subject to mandatory vaccination requirements. Vacancy notices listed as “Until Filled” will be posted for at least five work days.

POSTING DATE:

February 10, 2022

POST UNTIL:

Until Filled

JVN: 015/022/040

The NYC Comptroller’s Office is an Equal Opportunity Employer

Job Type: Full-time

Pay: $110,000.00 - $133,900.00 per year

Benefits:

• Health insurance

Schedule:

• 8 hour shift
• Monday to Friday

Work Location: One location