Review Vacancy
AgencyTeachers' Retirement System
TitleTRS Investment Officer 1/Trainee
Occupational CategoryFinancial, Accounting, Auditing
Bargaining UnitCSEA Local 658 (NYS Teachers’ Retirement System)
Salary RangeFrom $50905 to $66419 Annually
Minimum Qualifications Traineeship Enter at the Grade 14
A bachelor’s degree or higher in Accounting, Business Administration, Economics, Finance, Mathematics, Statistics, Engineering, or in a closely related field.
Traineeship Enter at Grade 16
A bachelor’s degree or higher in Accounting, Business Administration, Economics, Finance, Mathematics, Statistics, Engineering, or in a closely related field; and one year of professional investment experience.
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.
Grade 18
A bachelor’s degree or higher in Accounting, Business Administration, Economics, Finance, Mathematics, Statistics, Engineering or in a closely related field, and two years of professional investment experience.
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.
Duties Description The TRS Investment Officer 1/Trainee will be expected to develop expertise in the following investment process activities:
• Validate the daily investment process; check daily holdings reconciliation reports and communicate with Investment Operations staff/Custodian to facilitate resolution of any holdings discrepancies and other data related issues
• Daily monitoring of internal portfolios for consistency with stated objectives
• Re-balance internal portfolios according to investment guidelines and cash-flow instructions; run optimizations, review trade lists and optimal portfolio characteristics; cross-check for corporate actions; run internal transfer process; prepare trade lists for execution; communicate trade instructions to trader
• Review index changes and corporate action events for impact on internal portfolios; generate recommendations for specific actions resulting from such events; communicate decisions to interested parties; and implement decisions and document actions
• Review and monitor positioning within assigned sector for an internally managed quantitative strategy. Develop understanding of industry dynamics and become familiar with companies in the sector. Periodically review stock-selection model ranks for reasonableness e.g. following company earnings announcements and filings, and make recommendations to adjust positioning where appropriate e.g. alpha improvement opportunities, risk control and mergers.
• Generate and analyze monthly performance attributions for internal and externally managed portfolios based on team assignment; review portfolios for compliance with investment guidelines; understand drivers of performance and evaluate consistency with strategy; sign off assigned portfolios by required deadline
• Generate data/reports as necessary for monthly internal investment committee, investment advisory committee, quarterly board packages, investment policy manual and CAFR
• Demonstrate initiative by interacting with other groups to develop and build working relationships across the organization that benefit the Public Equity team
• Develop ideas to improve the investment process that increase workflow efficiencies and eliminate manual processes. Interface with other groups as necessary to make recommendations, get buy-in, and implement process improvements.
• Attend suitable training, relevant conferences and educational sessions to gain exposure to market insights and develop industry awareness through networking with peers
• Other duties as assigned
Additional Comments Please apply via our website: http://nystrs.peopleadmin.com/postings/3738
There are currently no mandatory re-employment lists at this time. However, please note that if such a list is certified against this title prior to the completion of the selection process, candidates applying based on meeting the minimum qualifications or transferability under Civil Service Law can no longer be considered.
The work hours of this position are subject to change in accordance with Article 12 of the collective bargaining agreement.
This position falls under NYSTRS’ Personal Trading policy, which requires pre-clearance of personal trades and reporting of trading activity.
Some positions may require additional credentials or a background check to verify your identity.