Review Vacancy
TitleSenior Corporate Bond Portfolio Manager and Strategist
Occupational CategoryOther Professional Careers
Bargaining UnitM/C - Management / Confidential (Unrepresented)
Salary RangeFrom $250000 to $275000 Annually
Minimum Qualifications • Bachelor’s degree;
• A minimum of seven years of experience in institutional, fixed income corporate bond investing;
• Five years of experience in management/supervisory responsibility of traders, Junior Portfolio Managers and/or research analysts.
Preferred Qualifications:
• Candidates who have obtained their MBA or Chartered Financial Analyst (CFA) credential (CFA study at any level a plus).
• Experience with portfolio management software. Five years background and knowledge of analytic systems including Blackrock Aladdin and Bloomberg PORT and YieldBook;
• Experience with electronic trading platforms such as Market Access, and Blackrock Aladdin;
• 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 NYSIF is the largest workers’ compensation carrier in NYS 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 $20 billion in assets.
Under the general direction of the Chief Investment Officer (CIO) the Senior Corporate Bond Portfolio Manager and Strategist will develop high grade corporate credit strategies taking into account sector-level and individual company-level analysis.
Responsibilities include, but are not limited to:
• Manage high grade corporate bond portfolios and overall credit risk;
• Analyze market trends pertaining to high grade credit and the ability to make decisions in the best interest of the NYSIF;
• Oversee and monitor the purchase and sale of high grade corporate credit securities based upon ALM requirements, portfolio rebalancing, index migration, and other related variables;
• Advise the CIO and other investment department staff as to the viability and risk/reward characteristics of various high grade corporate credit investment opportunities;
• Manage with the goal of balancing performance and optimal investment earnings, along with other related financial objectives;
• Maintain contact with financial institutions, advisory groups and investment staff on matters concerning fixed income investment policy and procedures;
• Working knowledge of the high grade corporate credit, government, and agency markets;
• Ability to manage and maintain compliance with investment policy guidelines;
• Support the oversight of externally managed assets and other departmental duties;
• Coordinate a variety of other complex duties related to the management of the high grade corporate credit portfolio;
• Comply with all compliance and risk management objectives of NYSIF
Additional Comments Fringe Benefits:
• Competitive Compensation.
• Future Career Growth Potential.
• Open and Supportive Team-Based Environment.
• Plentiful 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 $250,000 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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