StateJobsNY

NY HELPNo

AgencyTeachers' Retirement System

TitleManaging Director of Public Equities

Occupational CategoryFinancial, Accounting, Auditing

Salary GradeNS

Bargaining UnitM/C - Management / Confidential (Unrepresented)

Salary RangeFrom $0 to $0 Annually

Employment Type Full-Time

Appointment Type Permanent

Jurisdictional Class Non-competitive Class

Travel Percentage 0%

Workweek Mon-Fri

Hours Per Week 37.5

Workday

From 8 AM

To 4:30 PM

Flextime allowed? No

Mandatory overtime? No

Compressed workweek allowed? No

Telecommuting allowed? No

County Albany

Street Address 10 Corporate Woods Dr.

City Albany

StateNY

Zip Code12211

Minimum Qualifications A bachelor’s degree and ten (10) years professional institutional investment experience, including:
- Implementing and managing an internal or external investment management program
- Managing, mentoring and developing professional investment staff
- Demonstrated success as an active participant of a senior-level professional investment team
- Experience making presentations at a Board or Investment Committee level

Preferred Qualifications:
- Advanced degree in finance, economics, business, statistics or a related or complementary field
- CFA Charter holder
- Strong technical skills including experience with portfolio optimization tools
- Ten plus years of institutional investment management experience and expertise with a demonstrated record of risk controls and performance
- Demonstrated experience and belief in systematic and factor-based investment processes
- Experience developing, implementing and managing an internal and external investment management program.
- Experience with multiple asset classes and asset allocation decisions.
- Strong leadership skills, including decision making, risk management, organizational awareness, adaptability, flexibility and professional confidence
- Excellent oral, written and listening communication skills
- High degree of professionalism, integrity, honesty and ethical behavior

Duties Description The Managing Director of Public Equities is responsible for, but not limited to, the following duties:
- Oversee the public equity portfolio with a value of $77.5B at 3/31/2021 and allocation targets of 33% domestic equities, 16% international equities and 4% global equities or 53% of the total NYSTRS’ portfolio
- Provide leadership, management, supervision, guidance and expertise to the Public Equities team comprised of 12 members across three divisions: (1) Quantitative Strategies and Internal Portfolio Management, (2) Equity Trading and (3) External Portfolio Management
- Including management, guidance of and insight into a) index and systematic active strategy development, improvement and implementation, b) manager research, selection and oversight, c) equity trade execution and transaction cost analysis and control, and d) all administrative aspects of operating the Public Equities department
- Analyze and implement legal, regulatory, and policy initiatives as appropriate
- Provide advice and expertise as a voting member of the Internal Investment Committee (IIC) on all new investments across all asset classes
- Along with the Executive Director and Chief Investment Officer coordinate the quarterly Investment Advisory Committee (IAC) meetings. The IAC is a group of outside experts that lead general investment discussions following formal presentations with staff and Board members.
- Manage the relationship and coordinate the advice and activities of the Systems general investment consultant
- Facilitate and host along with the NYSTRS Executive staff the annual Minority and Women Owned Business Enterprise (MWBE) conference providing guidance on how to do business with NYSTRS
- Provide quarterly updates to the Systems Board of Trustees
- Travel for manager and broker due diligence, follow-up site visits
- Attend conferences in order to network and stay abreast of investment industry developments

Additional Comments THIS IS NOT A REMOTE WORK POSITION.
This position does not come under the jurisdiction of the Department of Civil Service. It comes under the Manager/Executive Plan. New appointees to Manager/Executive Plan positions must serve a one-year review period. If you are currently employed by NYSTRS in a Confidential or Negotiating Unit position, you will be granted leave without pay from your current position while you are serving the review period. Upon successful completion of the review period, the hold on your current position will be discontinued and you will no longer have any rights under Civil Service.
This position falls under NYSTRS’ Personal Trading policy, which requires pre-clearance of personal trades and reporting of trading activity.

NYSTRS is an equal opportunity employer. We are committed to fostering an inclusive environment where diversity is valued and recognized as a source of strength and enrichment. We seek to attract talented people from a diverse range of backgrounds and cultures, and encourage women, people of color, LGBTQ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.

Some positions may require additional credentials or a background check to verify your identity.

Name Janelle Serritella

Telephone 518-447-2906

Fax

Email Address janelle.serritella@nystrs.org

Address

Street 10 Corporate Woods Dr.

City Albany

State NY

Zip Code 12211

Notes on ApplyingIn order to be considered for this position, you are required to complete a NYSTRS’ employment application for the position you are applying for. The link to the employment application is below.

https://nystrs.peopleadmin.com/postings/4011