Review Vacancy
Date Posted: 07/05/19
Applications Due: 08/05/19
Vacancy ID: 71815
Position Information
NY HELPNo
AgencyInsurance Fund, State
TitlePortfolio Associate 1 - Enhanced Cash Account (Special Investment Officer)
Occupational CategoryOther Professional Careers
Salary GradeNS
Bargaining UnitM/C - Management / Confidential (Unrepresented)
Salary RangeFrom $125000 to $135000 Annually
Employment Type Full-Time
Appointment Type Permanent
Jurisdictional Class Exempt Class
Travel Percentage 20%
Schedule
Workweek Mon-Fri
Hours Per Week 37.50
Workday
From 8 AM
To 5 PM
Flextime allowed? No
Mandatory overtime? No
Compressed workweek allowed? No
Telecommuting allowed? No
Location
County New York
Street Address 199 Church Street
City New York
StateNY
Zip Code10007
Job Specifics
Minimum Qualifications Basic Qualifications:
Master’s degree with strong academic qualifications. Candidate should have a minimum of two years of experience in fixed income markets, preferably at a “buy-side” institution. Candidate should also have trade execution experience and a solid understanding of multiple fixed income asset classes, including Money Markets, Commercial Paper, Corporate Bonds, Treasuries, Agencies and Asset-backed securities. Must also be familiar with fixed income and money market trading. Familiarity with software systems used to facilitate transactions, run analytics and house data such as Bloomberg, BlackRock Aladdin, YieldBook, CAMRA and Oracle Financials is beneficial.
Preferred Qualifications:
• Goal-oriented with solid organizational, interpersonal and communication skills;
• Strong interest in the financial markets with excellent quantitative and analytical aptitude;
• Ability to work well-independently and in a team setting, collaborating with others;
• Intellectual curiosity;
• Extensive knowledge of Bloomberg, including the API and overall framework;
• Knowledge of BlackRock Aladdin reporting capabilities is a plus; and
• Strong Microsoft Office skills, particularly in Excel.
Duties Description Description:
The New York State Insurance Fund (NYSIF) Investments Department is seeking an experienced fixed income investment professional to manage the Fund’s Enhanced Cash Account under the direction of two senior portfolio managers (PMs). The Enhanced Cash Account holds cash and short-term investments for the Fund’s primary Worker’s Compensation portfolio (WCF). The primary objective of the cash portfolio is to provide current income while providing for daily liquidity needs and the desire to preserve capital. The Portfolio Associate will work closely with the lead PMs for corporate bonds and structured products to identify compelling relative value opportunities across multiple short-term fixed income asset classes, including government and agency markets, corporate bonds, asset-backed securities, municipal bonds and select money market instruments.
Responsibilities include, but are not limited to:
• Manage short-term cash position with the goal of outperforming the benchmark;
• Coordinate with front, middle and back office teams to anticipate cash and liquidity needs;
• Analyze short-term market trends and work with PMs to identify relative value opportunities across markets;
• Cultivate relationships with sales and research counterparties;
• Comply with all investment policy guidelines and regulations;
• Formulate and execute strategies to optimize short-term performance relative to objectives;
• Actively participate in portfolio discussions and analysis; and
• Respond to inquiries and ad-hoc project requests from CIO, senior staff and PMs.
Additional Comments Candidates must be New York State residents or willing to relocate. Salary will be commensurate with experience.
Some positions may require additional credentials or a background check to verify your identity.
Contact Information
Name Dale Losee
Telephone
Fax 518-437-1618
Email Address hrexec@nysif.com
Address
Street 15 Computer Drive West
City Albany
State NY
Zip Code 12205
Notes on ApplyingCandidates should email or mail a resume and cover letter to:
The New York State Insurance Fund
Attn: Human Resources
15 Computer Drive West
Albany, NY 12205
E-Mail address: hrexec@nysif.com
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