Public Markets Middle Office Analyst

City of New York•New York City, NY

14h

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 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.

Requirements

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
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.

Responsibilities

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.