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Type of Role: Investments

Experience Level: VP/Principal/Director

Location: New York City, New York

Salary: $157K - $208K

The Office of the New York City Comptroller’s Bureau of Asset Management (BAM) supports the Comptroller in his role as investment advisor, custodian, and trustee for each of the five New York City public pension systems. BAM oversees more than $250 billion dollars in assets under management on behalf of New York City retirement systems, proudly serving nearly 800,000 New York City public servants including teachers, firefighters, police officers, and more.

As investment advisor for some of the largest public pension fund systems in the country, BAM due diligences, recommends, and monitors a broadly diversified portfolio of externally managed investments across public equity, public fixed income, private equity, real estate, alternative credit, infrastructure, and hedge funds. Our team invests this portfolio with world-class external fund managers. Our office is a leader in ESG, recognized widely for our corporate governance and asset manager engagement program. Our principle-based ESG philosophy centers around the mitigation of long-term systemic risks posing a threat to our portfolio, including climate risk, labor-relations issues, and more. More details below.

RESPONSIBILITIES OF THE SENIOR INVESTMENT OFFICER

Based in the New York City office, the Senior Investment Officer will report to the Interim Director of Emerging Managers.

Essential Duties and Responsibilities include:
• Work with fund-of-funds and external advisors to source emerging manager opportunities with a clear value proposition to the Fund that meet the mandate of the Emerging Managers Program.
• Formulate a strategy to build and grow the Emerging Managers Program and drive its performance.

Consultants in Executive Search
• Perform due diligence of emerging manager opportunities, including leading the evaluation of the manager’s investment process, portfolio exposures, risk management, and performance.
• Represent the CRF externally to build recognition for and awareness of the Emerging Managers Program.
• Lead internal and external meetings and build quality advisory relationships with emerging managers, fund-of-funds, and advisors.
• Create guidelines and funding strategies that will encourage inclusion and ongoing support for the development of emerging managers.
• Work with asset class teams to identify mandates suitable for emerging managers and emerging managers who can fill them.
• Mentor and develop junior investment staff on both investment knowledge and career topics.

MINIMUM QUALIFICATIONS
• BA, ideally in business, economics, or similar quantitative field; MBA/masters and CFA (Chartered Financial Analyst) or CAA (Chartered Asset Allocator) progress preferred.
• 10+ years of buyside or institutional investor experience.

PREFERRED QUALIFICATIONS/DESIRED COMPETENCIES
• Deep knowledge of key organizations and industry trends with regards to emerging managers.
• Ability to independently form judgments on the merits of various emerging manager opportunities and provide high quality recommendations to the director.
• Deep knowledge of the diligence process required to close deals and institutional portfolio management.
• Proficient in use of financial modeling and quantitative analytics to evaluate investment opportunities.
• Ability to build strong, trust-based relationships with a broad variety of internal and external contacts, such as consultants, managers, fund-of-funds, peer institutions, and other departments of OSC.
• Strong written and verbal communication skills to produce investment memos, deal presentations, and participate in internal investment strategy meetings as well as external manager meetings.
• Strong motivation with the ability to see projects through to completion in a timely manner with limited external management and a solutions-oriented mindset.

PERSONAL CHARACTERISTICS
• High ethical standards and commitment to the fiduciary responsibilities of a public pension fund.
• Commitment to cultivate, develop, and incubate the next generation of emerging managers.
• Team player who is energized by a collaborative working environment.

COMPENSATION
The OSC will offer the successful candidate a competitive annual salary ($157,319 – $208,448), location pay ($3,026), and a comprehensive benefits package including a choice of health insurance packages, dental and vision insurance, generous PTO, a contributory retirement plan, and a voluntary deferred compensation plan. The OSC encourages ongoing professional development through various continuing education programs.

APPLICATION PROCESS
EFL Associates, an executive search firm, is assisting the OSC with this important search. All calls and inquiries should be made through the search firm. Referrals and applications will be held in confidence. Review of applications will begin immediately and will continue until the position is filled.