NYC Department of Finance (DOF) is responsible for administering the tax revenue laws of the city fairly, efficiently, and transparently to instill public confidence and encourage compliance while providing exceptional customer service.
The Mayor’s Office of Pensions and Investments (MOPI) advises the Administration on the City’s pension system and deferred compensation plan, and on retirement issues more broadly. MOPI researches and analyzes the policies, strategies, benefits, budgets, and investments of the City’s pension funds, and those of our national and international peers, to assist the Mayor’s trustees in determining the best course of action.
The (MOPI) Division is seeking to hire a Pension & Investments Advisor. Duties and responsibilities will include, but are not limited to the following:
• Conduct rigorous research on all relevant investment issues that impact asset classes and manager performance.
• Participate in Board of Trustee actions with respect to manager selection, portfolio construction, creation of investment policies and guidelines, and asset allocation.
• Understand risk models and implications of investment decisions on total portfolio risk.
• Interpret capital markets and economic data concerning valuation, expected returns, risks and future trends of investments.
• Interpret manager/consultant/peer group investment reports, as well as industry and regulatory information.
• Work with other team members, outside consultants, the Comptroller’s Bureau of Asset Management, and, if needed, current and prospective investment managers to ensure that all appropriate
information is analyzed and integrated into the selection, termination, and performance reviews of investment managers.
• Provide the Administration’s trustees and others with timely investment reviews, reports, and presentation.
• Formally and informally build understanding and consensus on critical investment issues.
Minimum Qual Requirements
A baccalaureate degree from an accredited college, and five (5) years of full-time satisfactory responsible experience in the institutional investment activities of an Employees’ Retirement System, professional investment consultant or asset management firm.
Preferred Skills
• Strong technical research and quantitative skills.
• Familiarity with corporate, legal, and economic research, financial analysis, and/or investigative journalism.
• Experience with a variety of computer-based research tools.
• Excellent writing ability.
• Ability to work well under tight deadlines and in a team environment.
• An undergraduate degree, in business, accounting, finance or investment.
• Knowledge of retirement plan design, investment, governance, and fiduciary strategies and issues.
• Ability to think critically and analytically.
• Strong oral presentation skills.
• Skill in the use of personal computers, including spreadsheet and presentation software, database management systems, and on-line information sources.
• Experience in the research of investments and financial information relating to institutional investments.
• Chartered Financial Analyst (CFA) charter holder or current participation in the CFA program.
• Chartered Alternative Investment Analyst (CAIA) charter holder or current participation in the CAIA program.
Additional Information
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.
In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification document form upon hire.
As a current or prospective employee of the City of New York, you may be eligible for federal loan forgiveness programs and state repayment assistance programs. Please review the notice to see if you may be eligible for programs and how to apply at nyc.gov/studentloans.
To Apply
Click the “Apply Now” button.
While we appreciate every applicant’s interest, only those under consideration will be contacted.
Public Svc Loan Forgiveness
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 StudentAid.gov/PSLF .
Hours/Shift
Unless otherwise indicated, all positions require a five-day workweek.
Work Location
1 Centre Street, New York, NY 10007
(Current location but could be subject to change)
Residency Requirement
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.
POSTING DATE
08/16/2023
POST UNTIL
09/15/2023
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.