Minimum Qualifications A bachelor’s degree and three years of professional experience either directly engaged in, or in support of, trading and/or portfolio management. This experience must have included at least two years of experience in one of the following: trading public equities for a buy-side organization, broker dealer or public pension plan; utilizing portfolio management tools; utilizing portfolio management concepts, specifically risk management, portfolio construction and performance attribution; managing public market equity investments, including direct portfolio management and oversight of externally-managed portfolios; or investment research stock selection.
Substitutions: A master’s degree in Business Administration or a closely related field may substitute for one year of experience; successful completion of all three levels of the CFA exam may substitute for one year of experience; holding a Certificate in Investment Performance Management may substitute for six months of experience.
A maximum of one year of experience substitution is permitted.
Duties Description The duties of the Teachers’ Retirement Systems Investment Officer 2 include, but not limited to, the following:
• 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; and 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; and 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
Additional Comments In order to be considered for this position you must complete our on-line application which can be found at
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.