Review Vacancy
TitleSenior Structured Products Portfolio Manager and Strategist (Special Investment Officer)
Occupational CategoryFinancial, Accounting, Auditing
Bargaining UnitM/C - Management / Confidential (Unrepresented)
Salary RangeFrom $160000 to $175000 Annually
Minimum Qualifications Bachelor’s degree and five (5) years of experience as a capital markets quantitative analyst (buy-side or sell-side). Preference may be given to candidates, who have worked on the buy-side, obtained their MBA, Masters’ level degree in finance or a quantitative discipline, or Chartered Financial Analyst (CFA) credential (CFA study at any level a plus). Candidates must be New York State residents or be willing to relocate.
Seeking candidate with the following knowledge, skills and abilities:
• Experience with portfolio management software, three (3) to five (5) years background and knowledge of analytic systems such as Barclay’s POINT, Blackrock’s Aladdin or other similar systems is critical;
• Strong financial modeling skills;
• Prior background in fixed income analytics and/or equity market experience;
• Competent programming skills (VBA) and proficiency in security modeling;
• Highly proficient in MS office; and
• Solid mathematical understanding of debt market instruments
Duties Description Duties will include but not be limited to:
• Quantify risk exposures for all NYSIF portfolios that include USD Credit, Equity, Collateralized Mortgage Obligations, Commercial Mortgage-backed Securities, Asset-backed Securities, etc.;
• Run risk systems (such as POINT, Aladdin, Yield Book, Quantal Risk Estimates, FINCAD, Moody’s KMV) and compile exposure and risk related data;
• Works closely with Chief Risk Officer and other investment staff including portfolio managers;
• Regularly participates in portfolio optimization, construction, and scenario analysis;
• Regularly measures and monitors portfolio level risk metrics such as VaR, TE, historical performance, ALM analysis and presenting pertinent analysis;
• Assists in developing credit limits using quantitative techniques to assess default risk;
• Participates in portfolio strategy, credit review and risk management meetings;
• Generates internal and external risk reports for investment department, executive staff, and the NYSIF’s Board of Commissioners;
• Performs quantitative and ad-hoc analysis to improve investment process;
• Assists in developing price verification metrics to ensure all positions are properly marked;
• Liaise with external consultants to ascertain and review asset allocation studies;
• Review and produce performance attribution for internally managed portfolios; and
• Integrate risk metrics of internally and externally managed portfolios
Additional Comments The New York State Insurance Fund (“NYSIF” or the “Fund”) is a self supporting state fund that provides workers’ compensation and disability benefits insurance in New York. With written premium of over $2 billion, NYSIF is the largest workers’ compensation insurance carrier in New York, and the sixth largest carrier in the country.
Some positions may require additional credentials or a background check to verify your identity.