Review Vacancy
AgencyState Comptroller, Office of the
TitleSpecial Investment Officer (Investment Officer, Risk Measurement and Reporting), item 6972
Occupational CategoryFinancial, Accounting, Auditing
Bargaining UnitM/C - Management / Confidential (Unrepresented)
Salary RangeFrom $96900 to $96900 Annually
Duties Description • Assist Chief Investment Risk Officer in developing and implementing quantitative and qualitative investment risk-measurement techniques for the Fund’s internally and externally managed portfolios
• Assist Chief Investment Risk Officer in developing and maintaining investment risk frameworks, reporting, and dashboards
• Track Fund strategic, inter-asset class investment risk on an ongoing basis by monitoring core risk metrics including, but not limited to, strategic tracking error, asset allocation, volatility, drawdown, stress test results, and other key indicators of strategic investment risk
• Integrate current risk-management research and techniques into risk measurement and reporting. Manage external risk research and keep risk management staff up-to-date on latest trends and developments
• Use in-house and third-party risk tools to develop quantitative risk analytics and reporting for all subsidiary levels of Fund management, consistent with Fund risk appetite and risk budgets
• Support Chief Investment Risk Officer and Risk Committee in formulating risk limits and in designing and implementing appropriate monitoring programs
• Support Chief Investment Risk Officer and Risk Committee in providing ad-hoc research into Fund investment risks
• Assist in identifying additional risk systems needs and work with risk management staff and investment technology officers to develop business cases for them and assist in implementing them as needed
• Assist in external manager diligence programs and lead Risk Management due diligence related to investment risks and vetting of external managers' risk management programs and functions; analyze and evaluate portfolio fit, risk/return profile, and other risk characteristics of proposed investments
• Participate in external manager monitoring programs; develop and maintain monitoring dashboards
• Drive research and analysis of relevant market trends and raise any critical issues to Risk and Fund leadership
• Participate actively in investment discussions and challenge asset class heads and other Fund leaders on individual investment theses and associated risks in both in-person discussions and in written memos
• Mentor and develop the junior Risk and operations staff on both risk/investment knowledge and career topics
Additional Comments Preferred Qualifications:
• High ethical standards and commitment to fiduciary responsibilities of a pension fund
• Strong knowledge of current risk management methodology.
• Strong knowledge of modern portfolio theory, capital markets, stress test modeling, and investment risk management tools
• General knowledge of all asset classes
• Demonstrated experience in stress test modeling, portfolio risk and performance attribution analyses, risk mitigation strategies, investment risk management tools, and risk analysis software
• Strong Excel skills and VBA programming skills
• Ability to conduct quantitative risk-related analyses, evaluate the implications of the results, and communicate findings to senior Risk and Fund leaders
• Ability to contribute to risk discussions on market, operational, and other risks and assist in investment diligence and decision making with a solutions-oriented mindset
• Strong stakeholder management skills in order to play both partner and “traffic cop” roles for investment teams and Fund leaders and to drive cooperative relationships with various external operational and investment partners
• BA/BS, ideally in economics, econometrics, STEM or similar quantitative field; relevant advanced degree preferred
• 5+ years of relevant risk management experience; related capital-markets experience and/or institutional investment background preferred
Some positions may require additional credentials or a background check to verify your identity.
Email Address recruit@osc.state.ny.us
Address
Street Office of Human Resources
110 State Street, 12th Floor
Notes on ApplyingNotes on Applying: Interested candidates should submit a cover letter and resume to recruit@osc.state.ny.us no later than October 20, 2017. Please reference Item # –6972 GOER-MPM when responding.
When responding, please include the reference number and letters listed in this section. (The GOER ID # should not be included).