Public Markets Middle Office Analyst

The New York City Comptrollers Office works to promote the financial health integrity and effectiveness of New York City government in order to strengthen trust secure a thriving future for all New Yorkers and build a more just equitable and resilient city. Led by an independently elected citywide official the comptrollers office provides checks and balances needed to hold City government accountable for budgeting wisely investing responsibly operating efficiently acting fairly living up to its obligations and promises and paying attention to the long-term challenges we face together.

The Bureau of Asset Management is responsible for oversight of the investment portfolios of the five New York City pension systems. Through a culture of collaboration individual development and teamwork that leverages diverse talent and strives for continuous improvement the goal of the Bureau of Asset Management is to achieve exceptional investment outcomes for all stakeholders; to deliver outstanding support to plan Trustees; and to serve as a responsible steward of the resources of plan beneficiaries and the City of New York.

The Public Markets Middle Office Analyst will report to the Group Head of the Public Markets Middle & Back Office team. The Public Markets Middle Office Analyst will perform functions to support the public markets investment staff throughout the lifecycle of the investment relationship.

Duties and responsibilities of the Public Markets Middle Office Analyst include but are not limited to the following:

- Leading meetings and discussions related to Public Markets Middle Office functions
- Transferring funds to and from investment managers for initial funding portfolio rebalance events and terminations
- Onboarding investment managers including account opening and all internal and external documentation requirements
- Serving as a point of contact for the custodian and investment manager when transitioning assets due to rebalance termination events and other middle office related functions including but not limited to adding trading markets completing KYC documentation requests and tax reclaim documentation
- Serving as a point of contact for class actions inquiries related to data research trading activity and supporting documentation.
- Working with global tax consultant on matters such as tax reclaims withholding tax rates capital gains tax allocations and the setup of local tax agents as necessary.
- Performing reconciliation of public market account holdings and related trade activity
- Performing operational due diligence for potential public market investment managers
- Maintaining the accuracy of all public investment attributes in the account master database
- Monitoring portfolio defaulted and worthless securities and instructing the write-off of those securities.
- Monitoring terminated accounts and suggesting action plans to close the accounts in the future
- Creating and maintaining written process documentation key performance Indicators trackers for the group
- Performing other related duties and functions as may be required.

INVESTMENT ANALYST - 40925

Qualifications :

1. A baccalaureate degree from an accredited college or university including or supplemented by 24 semester credits in accounting business administration economics finance law mathematics and/or statistics and one year of satisfactory full-time experience in investment activities of a governmental agency financial institution or brokerage firm; or

2. A baccalaureate degree from an accredited college or university and two years of satisfactory full-time experience in investment activities of a governmental agency financial institution or brokerage firm.

Special Note:
To be eligible for placement in Assignment Level II individuals must have in addition to meeting the minimum requirements at least one additional year of full-time experience in investment activities of a governmental agency financial institution or brokerage firm.

Special Note:
To be eligible for placement in Assignment Level III individuals must have in addition to meeting the minimum requirements at least two additional years of full-time
experience in investment activities of a governmental agency financial institution or brokerage firm.

Additional Information :

The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic including but not limited to an individuals sex race color ethnicity national origin age religion disability sexual orientation veteran status gender identity or pregnancy.

Remote Work :

No

Employment Type :

Full-time