Review Vacancy
TitleSenior Quantitative Portfolio Analyst
Occupational CategoryOther Professional Careers
Bargaining UnitM/C - Management / Confidential (Unrepresented)
Salary RangeFrom $225000 to $275000 Annually
Minimum Qualifications Basic Qualifications:
• Bachelor’s degree with strong academic qualifications;
• Minimum of Seven years of experience in a comparable role;
• Preference will be given to candidates who have worked at a “buy-side” institution;
Preferred Qualifications:
• Master’s degree in finance or a quantitative discipline, or possess the Chartered Financial Analyst (CFA) credential
• Experience with portfolio management software;
• Five years background and knowledge of analytic systems including Blackrock Aladdin and Bloomberg PORT (Intex a plus);
• Strong financial modeling skills;
• Prior background in fixed-income analytics (equity market experience a plus);
• Competent programming skills (VBA) and proficiency in security modeling;
• Deep interest in capital markets;
• Solid mathematical understanding of fixed-income instruments
Duties Description In February 2022, the New York State Insurance Fund (NYSIF) was listed as the 37th Best Midsize Employer in America by Forbes. The New York State Insurance Fund (NYSIF), with over $20 billion of assets under management, is seeking a Senior Quantitative Portfolio Analyst to join its investment risk management team. This position reports to the Chief Risk Officer. Salary will be commensurate with experience.
Responsibilities include, but are not limited to:
Senior Quantitative Portfolio Analysts are an integral part of NYSIF Investments, which manages or oversees portfolios across multiple asset classes. Analysts work closely with the Chief Risk Officer and Chief Investment Officer on portfolio composition, asset-liability strategies, portfolio risk management, and the development/enhancement of portfolio analytics tools, outputs and deliverables, among other initiatives.
• Quantify risk exposures for all NYSIF portfolios, including those investing in fixed-income securities, equities and alternative assets
• Work closely with Chief Risk Officer and Chief Investment Officer on portfolio optimization and scenario analysis, and help devise strategies to achieve stated portfolio objectives
• Use various systems (Bloomberg PORT, Aladdin, Yield Book and Intex) and compile exposure and risk related data
• Measure and monitor various factor exposures across asset portfolios
• Measure, monitor, manage and report on various portfolio risk metrics such as VaR, credit VaR, expected shortfall, tracking error, stress testing, and asset-liability analysis.
• Participate and contribute to regular portfolio strategy, credit review and risk management meetings, and contribute with ideas to improve portfolio structure, risk measurement, investment process, etc.
• Generate risk reports on both internally and externally managed portfolios for NYSIF colleagues and other stakeholders
• Produce and review performance attribution analysis and reports for internally managed portfolios, and assist in this work for externally manager portfolios.
Additional Comments Fringe Benefits:
• Competitive Compensation
• Future Career Growth Potential
• Open and Supportive Team-Based Environment
• Vacation, Personal, and Sick Leave Accruals
• Paid State and Federal Holidays
• Full Medical, Vision, and Dental
• Retirement Options
• Possibility of Telecommuting, Flextime, and Alternative Work Schedules
Please note, the targeted income range for this position is $225,000 to $275,000, based upon the candidate’s individual experience. NYSIF does not offer bonus programs as part of our compensation program. The Civil Service title for this position is Special Investment Officer.
The New York State Insurance Fund (NYSIF) was established in 1914 as part of the original enactment of the New York State Workers’ Compensation Law. NYSIF's mission is to guarantee the availability of workers’ compensation insurance at the lowest possible cost to New York employers and to provide timely, appropriate indemnity and medical payments to injured workers, while maintaining a solvent fund. Since inception, NYSIF has fulfilled the dual roles for which it was created: to compete with other carriers to ensure a fair marketplace and to be a guaranteed source of coverage for employers who cannot secure coverage elsewhere.
NYSIF is the largest workers’ compensation carrier in New York State and among the top 10 largest workers’ compensation carriers in the nation, insuring approximately 139,000 policyholders, with more than $1.8 billion in annual earned premium and over $22 billion in assets. A self-supporting insurance carrier, NYSIF operates without taxpayer funding.
In addition to workers’ compensation insurance, NYSIF provides disability benefits coverage for off-the-job injuries to more than 56,000 New York employers. In 2018, NYSIF added paid family leave as a component of its disability benefits product, providing New Yorkers with job-protected, paid time away from work to care for their families.
NYSIF Commitment to Diversity, Equity, and Inclusion
The New York State Insurance Fund (NYSIF) prioritizes and champions diversity, equity, and inclusion (DEI) throughout our agency. NYSIF provides equal opportunities to all employees and applicants for employment without regard to race, religion, color, age, sex, national origin, sexual orientation, gender identity, disability, veteran status, or any other protected category under federal, state, and local law. We believe that embracing our differences brings richness, new ideas and experiences to NYSIF, which energizes a creative and innovative work environment. We strive to foster a workplace where diverse individuals are able to participate fully in the decision-making process and have ample opportunity for advancement. We are committed to investing the necessary resources and attention to improving the engagement, retention, and promotion of the extraordinary talent we have.
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