Full Job Description
The Group Head of the Public Markets Middle Office Support will report to Director of Public Markets Middle and Back Office Support within Investment Operations Support (IOS). The Public Markets Middle Office group manages the functions to support the investment team with public markets investments throughout the life-cycle of the investment.
Responsibilities include, but are not limited to, the following:
- Oversees and performs all functions within the Public Markets Middle Office group and manages a small group of operations professionals ,assigns, and monitors tasks, provides training and evaluates performance;
- Leads meetings and discussions representing Public Markets Middle Office group;
- Manages the process of transferring funds and assets to and from Investment Managers for initial funding, transition and rebalance events and terminations;
- Manages the on-boarding of investment managers including account and market opening and all internal and external documentation requirements.
-Ensures the accuracy of all public investment attributes in the account database;
-Manages the process of wind down of accounts from manager terminations preparing the accounts for closure
- Assists the Director of Public Markets Middle Office & Back Office Support to design policies, procedures and practices which are used in the operational oversight of third-party services providers to the NYCRS investment portfolio. These service providers include but are not limited to: Custodian, Security Lending Agent, Foreign Exchange provider, Class Action Service Provider, Tax Advisor and Consultants;
- Ensures that third -party service providers are performing as defined by engagement contracts and continually evaluates the performance criteria to ensure they appropriately support BAM and are current with industry offerings;
- Performs operational due diligence for potential public market investment managers;
- Creates and maintains written process documentation for the group; and,
-Continuously evaluates processes to determine process improvement related to Public Markets Middle Office functions;
- Performs other related duties and functions as may be required.
INVESTMENT ANALYST - 40925
Qualifications
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.
