Senior Investment Analyst

About TRS 

Since 1917, the Teachers’ Retirement System of the City of New York (TRS) has been securing better futures for NYC educators.  With a pension fund valued at approximately $120 billion, TRS serves over 215,000 members, providing them with retirement, disability, and death benefit services.  

TRS members can enhance their benefits with a Tax-Deferred Annuity (TDA) Program, a defined contribution investment plan established in 1970. As a Section 403(b) plan under the Internal Revenue Code (IRC), the TDA Program offers multiple investment options and is overseen by a Board of Trustees, including TRS members and City representatives.  

At TRS, we seek dedicated professionals who are passionate about their work and committed to excellence.  We pride ourselves on our member-centric culture, focused on delivering outstanding service and support to our members. 

Position Summary 

The Senior Investment Analyst will manage investments for the $21 billion externally managed Variable Annuity Program. This role also involves overseeing multi-asset global equity strategies, conducting market research, and liaising with key stakeholders to maximize risk-adjusted returns. Reporting to the Director of Investment Administration, the duties and responsibilities include, but are not limited to: 

Key Responsibilities 

Conduct in-depth research and analysis on current and potential investment managers, evaluating their investment process, market opportunities, team dynamics, and other critical factors. Support the Investment Consultant and Director of Investment Administration in making informed recommendations on external managers to the Investment Board.  

Maintain vigilant monitoring of external managers and stay abreast of market events through comprehensive analysist of research and market reports.  

Ensure a balanced and strategic approach to managing risk by integrating regulatory, compliance, and fiduciary controls into all investment activities.  

Develop and sustain detailed analytical reports to evaluate and monitor the performance of both prospective and existing investments, ensuring data-driven decision-making.  

Produce performance and exposure reports for the Fund's diversifying asset-class investments, compiling detailed summaries of investment managers' market outlooks.  

Regularly engage with existing managers to assess changes in organization or strategy, review performance, positioning, and outlook on a monthly or quarterly basis. 

Contribute to the monthly rebalancing process of the variable annuity program, ensuring optimal asset allocation.  

Prepare and organize monthly investment meetings, ensuring the timely distribution of agendas and all relevant investment materials.  

Review and assess service provider contracts in accordance with TRS policies and guidelines, ensuring key performance indicators meet established service level agreements.  

Collaborate with Investment Consultant to review and negotiate fee arrangements with existing and potential external managers, optimizing cost-efficiency. 

Provide strategic support to senior management and key stakeholders on investment-related matters. including active participation in relevant Board meetings.  

Assist in the preparation of investment materials, publications, and other informational content on pertinent investment topics.  

Conduct special projects as needed, showcasing adaptability and a proactive approach. 

 

Minimum Qualifications 

Bachelor’s degree from an accredited college and five (5) or more years of progressively responsible experience in the administration of an employees’ retirement system or a closely related field, including at least 18 months in a managerial, administrative or supervisory capacity. 

Preferred Skills 

Bachelor’s degree in finance or related field.  

MBA or CFA preferred, but not required.  

Minimum 5 years of extensive experience in external manager selection and monitoring. 

Familiarity with Morningstar Direct, Evestment and Bloomberg is a plus. 

A passion for investing and continuous learning, as you will manage a portfolio spanning diverse asset classes and investment styles.  

Proven record of high achievement, capable of both collaborative and independent work, demonstrating analytical rigor and intellectual curiosity.  

Superior communication and interpersonal skills, with the ability to work collaboratively with colleagues and key stakeholders.   

Strong work ethic, consistently meet deadlines and goals while managing multiple projects, without compromising quality or accuracy. 

Exceptional analytical and quantitative skills, with an ability to translate complex data into actionable insights.  

Travel Requirement: This position requires approximately 30% travel. 

 

Benefits of Working for the City of New York 

Flexible Work Arrangements: Hybrid work schedules offer a balanced combination of remote and in-office work, promoting a healthy work-life balance. 

Comprehensive Health Benefits: Access to excellent healthcare coverage, including medical, dental, and vision plans. 

Retirement Plans: Robust pension plans, including the New York City Retirement Systems (NYCERS), and NYC Deferred Compensation (401k and 403b) providing financial security post-retirement. 

Commuter Benefits: Enjoy pre-tax deductions for eligible commuting expenses, reducing your taxable income and saving you money. 

Professional Development: Opportunities for continuous learning and career advancement through various training programs and workshops. 

Competitive Salaries: Competitive compensation packages commensurate with experience and responsibilities. 

Paid Time Off: Generous paid leave policies, including vacation days, sick leave, and holidays. 

Work-Life Balance: Programs and policies supporting a balance professional and personal life. 

Career Growth: Long-term career prospects supported by a stable and well-established city government. 

Public Service Loan Forgiveness (PSLF): Eligibility for federal loan forgiveness programs and state repayment assistance programs, while working full-time for a qualifying employer like the City of New York. 

Diverse Work Environment: Inclusive and diverse workplace culture, reflecting the vibrant city of New York. 

 

How to Apply 

Interested candidates are invited to submit their resume, and cover letter to Careers@TRS.NYC.NY.US with the subject line “Senior Investment Analyst Application – [Your Name].” Please ensure all documents are in PDF format.  Applications will be reviewed on a rolling basis until Friday, December 6, 2024. Only qualified candidates will be considered. For any questions or further information please contact Careers@trs.nyc.ny.us.  

 

Residency Requirement 

New York City residency is generally required. However, City Employees in certain titles who have worked for the City for 2 continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County.  

 

TRS is an Equal Opportunity Employer