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TRS Investment Officer 2-Public Equities

Employer
NY State Teachers' Retirement System
Location
Albany, New York (US)
Salary
$82,766 to $103,364
Closing date
Nov 13, 2020

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Job Function
Equities Research: Buy Side, Equities Research: Sell Side
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors

Job Details

The New York State Teachers’ Retirement System is seeking candidates to fill an Investment Officer 2 position that will support the management of the System’s public equity investments. Under the direction of the Assistant Manager of Quantitative Strategies the Investment Officer will participate in the implementation of the internally managed portfolios. Specific responsibilities will include validation of the daily investment process, monitoring of portfolio positioning, portfolio construction, performance attribution and reporting. The Investment Officer will also assist with the development of new internally managed strategies, participate in external manager monitoring and selection and may mentor junior staff. The position may require some travel.

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

Company

Founded in 1921, the New York State Teachers' Retirement System is a self-sustaining public corporation, responsible for administering the fund from which all public school teachers, outside of New York City, receive their retirement allowance. A ten member Board oversees the activities of the System. Our staff manages a multi-billion dollar investment portfolio and services over 400,000 active and retired members. We are located in Albany, New York and boast a state-of-the-art office building providing easy access to all points in the Capital District via Interstate 90. Our Mission: To provide our members with a secure pension. Our Vision: To be the model for pension fund excellence and exceptional customer service. Our Commitment to Diversity: NYSTRS is 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. NYSTRS is an equal opportunity employer.
Company info
Location
10 Corporate Woods Drive
Albany
NY
12211-2395
US

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