Deputy Chief Investment Officer

City of New York • New York City, NY

1d

About The Position

The New York City Comptroller’s 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 comptroller’s 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 Comptroller’s Bureau of Asset Management (“BAM”) oversees the investment portfolio for each of the New York City Public Pension Funds systems and related defined contribution funds. Reporting to the Chief Investment Officer, the Deputy Chief Investment Officer will help oversee a staff of more than 100 employees to ensure efficient coordination and execution of BAM’s goals. BAM executes Charter-mandated and legal responsibilities of the Comptroller to serve as Custodian, Trustee, and, as delegated by the Systems, Investment Advisor to all five NYC public pension funds, with all the attendant fiduciary obligations those roles entail. The Deputy CIO will advise and assist in developing the investment policies, asset allocation, and selection of external asset managers and consultants for the Systems to generate sufficient risk-adjusted returns that meet fund liabilities and manage risk and volatility. The Deputy CIO will directly oversee the following asset classes: private equity, public equity, real estate, infrastructure, hedge funds, alternative credit and public fixed income.

Requirements

• A baccalaureate degree from an accredited college and ten (10) or more years of significant and progressively responsible executive level management experience in asset allocation, investment strategy, and portfolio management in large and complex organizations with exposure to public retirement systems
• Education and/or experience equivalent to "1" above.

Responsibilities

• Work collaboratively with the CIO, Trustees of the Systems, and other stakeholders toward mutual fiduciary goals and fulfillment of the funds’ investment policies.
• Advise the CIO on the investment performance and developments of the Systems and conditions and outlooks of relevant economic and financial environments.
• Work closely with the Portfolio Construction group as well as the Responsible Investment group to ensure investments are aligned and underpinned by fiduciary duty.
• Ensure seamless coordination and communication among the asset classes and more broadly across BAM to ensure efficiency and soundness of operations and compliance with best institutional practices commensurate with an institutional investor of like size and scope.
• Promote the highest standards of integrity and professionalism within BAM, the investment process and the governance of the pension fund.
• Perform other related assignments and special projects as may be required.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Number of Employees: 5,001-10,000 employees