OFFICE OF THE COMPTROLLER
The Bureau of Asset Management (BAM) is responsible for oversight of the Investment Portfolios of the New York City Retirement Systems (Systems) approximately $250 billion in assets .The portfolio is managed primarily by external Investment Managers and is largely invested in publicly-traded securities with additional allocations to private equity, real assets, hedge funds, and opportunistic fixed income investments. The Expense Management team is responsible for the verification and payment of Investment Manager and other External Service Provider invoices related to the New York City Retirement System Investment Portfolio. Reporting directly to the Expense Management Lead, responsibilities of the position include, but are not limited to, the following: – Reviews and verifies Investment Manager and other External Service Provider invoices; – Ensures that current Schedule A contracts are available for verification of invoices; – Prepares worksheets for verification of Investment Manager quarterly fee and performance fees; – Initiates payment of fees in the payment processing system; – Verifies accruals of fees in the accounting records; – Perform various internal transfer in payment processing system; – Review and verify semiannual Investment Manger Report cards for fee information; – Updates Policy and Procedures for functions performed within the Expense Management group; and, – Performs other related duties and functions as may be required.
Minimum Qual Requirements:
1. A baccalaureate degree from an accredited college or university, including or supplemented by 24 semester credits in accounting, business administration, economics, finance, law, mathematics, and/or statistics and one year of satisfactory full-time experience in investment activities of a governmental agency, financial institution, or brokerage firm; or 2. A baccalaureate degree from an accredited college or university and two years of satisfactory full-time experience in investment activities of a governmental agency, financial institution or brokerage firm. Special Note: To be eligible for placement in Assignment Level II individuals must have, in addition to meeting the minimum requirements, at least one additional year of full-time experience in investment activities of a governmental agency, financial institution or brokerage firm. Special Note: To be eligible for placement in Assignment Level III individuals must have, in addition to meeting the minimum requirements, at least two additional years of full-time experience in investment activities of a governmental agency, financial institution or brokerage firm.
– Familiarity with My State Street and other asset management tools preferred; – Excellent Microsoft Office (Excel, PowerPoint) computer skills at the user level.
* The selected candidate will be subject to the financial disclosure requirements of the officeâs Personal Trading Policy. * Certain residency requirements may apply. * We appreciate every applicantâs interest; however, only those under consideration will be contacted. * Vacancy notices listed as âUntil Filledâ will be posted for at least five work days.
Please visit our website at www.comptroller.nyc.gov and click on the Employment tab.
Work Location 1:
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.
To apply for this job please visit a127-jobs.nyc.gov.