Minimum Qualifications Grade 18
A Bachelor’s or Master’s Degree in Accounting, Business Administration Economics, Finance, Mathematics, Statistics, Engineering or in a closely related field.
Two (2) years of professional full-time experience. Relevant experience must include one of the following:
• 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.
• 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).
Specifically excluded are activities applicable to small commercial properties (e.g., 2- to 4-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.
SUBSTITUTION: A Master’s Degree in Business Administration concentrating in Finance or a closely related concentration substitutes for two (2) years of work experience.
Duties Description Under the Supervision and direction of the TRS Investment Officer 2 (Fixed Income):
Actively monitor separate account securities lending programs administered by third party agent lenders for compliance with program guidelines. Also perform periodic analyses on securities lending programs that NYSTRS participates in as a result of commingled equity investments. Participate in conducting due diligence on prospective agent securities lenders as a result of any securities lending RFPs.-25%
Perform due diligence and financial analysis on corporate bond issuers being considered for purchase and/or sale in the short and long term bond portfolio.- 25%
Actively monitor and analyze high beta corporate issuers including the review of rating agency reports, financial data and participate on conference calls.- 20%
Perform fixed income related research and analyses, as well as prepare and develop periodic monthly and quarterly reports (e.g. for Board meetings) as requested. -20%
Assist in the management of bond analytical system(s) utilized, including generating reports, problem solving and acting as a liaison with analytical system vendor(s). -5 to 15%
Perform administrative duties as necessary including: preparation, dissemination, follow up for receipt and review of the: annual broker / dealer update and five year broker / dealer questionnaire; annual No Gift policy letter; QIB document; and any counter party related documents that require completing. Also update and create policies & procedures.-0 to 10%
Subsequent to being trained and when needed, execute short term bond and foreign exchange trades in a backup capacity. – 0 to 10%
Additional Comments Preferred Skills
Commitment to providing exceptional customer service
Excellent communication skills
Excellent interpersonal skills
Working knowledge of Microsoft Office applications including: Excel, Word, Access and Power Point.
Experience using the Bloomberg Professional investment analytic platform.
Familiarity with fixed income, the mechanics of securities lending, money markets and corporate credit analysis.
Willing to pursue the CFA Charter Holder designation.
Some positions may require additional credentials or a background check to verify your identity.