All postings will close at 12:01am EST on the date indicated under posting end date.

Note: Sponsorship is not available for this position. Applicants must hold unrestricted work authorization. NYSTRS is unable to sponsor or assume sponsorship of an employment visa for this position now or in the future.

Position Summary

The TRS Investment Officer 1/Trainee will provide operational and analytical support to investment departments (Public Equities, Fixed Income, Real Estate, Private Equity, and Risk Management) related to trade and capital call processing, cash management, accounting and reconciliations, investment rates of return calculations and attribution analysis, proxy voting, monthly and quarterly investment reporting and compliance.

Minimum Qualifications

Traineeship Enter at the Grade 14: A bachelor's degree or higher.

Traineeship Enter at Grade 16: A bachelor's degree or higher; and one year of professional investment experience.

Grade 18: A bachelor's degree or higher; and two years of professional experience; or a bachelor's degree and completion of a two-year traineeship.

Qualifying experience includes:

• Investment-related duties reflecting a fundamental knowledge of the financial markets and an understanding of the economic forces that impact the financial markets, or analysis of financial or economic data; investment risk or portfolio management; investment operations; investment compliance, investment auditing, investment accounting, and quantitative analysis.

• Commercial real estate investing (investment acquisitions or asset management) or commercial mortgage lending, specifically involving the financing, investing in, leasing of, or asset management of large commercial real estate assets (generally properties worth $10 million or more).

Non-qualifying experience includes: activities applicable to small commercial properties (e.g., two to four family homes), the sale or brokerage of single-family homes, or experience marketing or selling financial service products to individuals, as performed by financial advisors and stockbrokers.

Substitutions:

• Successful completion of all three levels of the CFA exam may substitute for two years of experience; a Chartered Alternative Investment Analyst (CAIA) designation, a Certified Commercial Investment Member (CCIM), a Member of the Appraisal Institute (MAI), or a Certified Public Accountant (CPA) may substitute for one year of experience; and a master's degree in Business Administration concentrating in Finance or a closely related concentration may substitute for two years of experience.

Preferred Qualifications

• A bachelor's degree or higher in Accounting, Business Administration, Finance or in a closely related field

• Commitment to providing exceptional customer service

• Excellent communication skills

• Excellent interpersonal skills

• Ability to effectively work within a deadline driven environment

• Ability to multi-task and manage changing priorities

• Strong presentation skills

• Experience and understanding of Private and Public Market investments

• Experience interpreting GASB/FASB statements

• Experience reading/interpreting legal documents

• Advanced knowledge of Microsoft Excel

• Industry experience with Investment Analytics, Trading, Portfolio Management or Investment Research

• Certifications such as CPA, CFA, CIPM, or CAIA

Work Modality

Currently we have a hybrid work schedule which may be subject to change in the future.

Job Duties

The TRS Investment Officer 1/Trainee will be responsible for, but not limited to, the following duties:

• Trade processing and accounting related to internally managed investment portfolios

• Capital call and distribution processing related to real estate and private equity investments

• Coordinating and monitoring investment portfolio reconciliation, reporting and accounting for externally managed investment portfolios including public market portfolios, as well as real estate and private equity investments

• Cash processing and other activities requiring interaction with the custodial bank

• Operational compliance functions of a statutory and regulatory nature

• Oversight and accounting for the securities lending program

• Analysis of investment related activities, fees, valuations and attribution

• Assist with quarterly board investment reporting including performance, asset allocation and proxy reports

• Assist with compilation of investment data for inclusion in the annual comprehensive financial report

Other Duties and Responsibilities

• Support data governance initiatives, policies, procedures and structure

• Conduct research on investment related concepts and topics

Salary Grade

This position is a Grade 14/16/18

Salary Range

• Grade 14 - $63,074 to $92,584

• Grade 16 - $70,492 to $103,474

• Grade 18 - $78,669 to $115,477

Job Type

Civil Service/CSEA