NEW YORK STATE OFFICE OF THE STATE COMPTROLLER -DIVISION OF PENSION INVESTMENT AND CASH MANAGEMENT
Application
Details
Posted: 19-Jan-23
Location: Albany and NYC, New York
Type: Full Time
Salary: $176,357-$233,673
Categories:
Risk Management
Certification Status:
N/A
Required Education:
4 Year Degree
Our client, the Office of the State Comptroller (OSC) which manages approximately $280B in AUM for the NY Common Retirement Fund is seekinga Director of Risk. OSC is charged with ensuring that State and local governments use taxpayer money effectively and efficiently.
Based in the Albany or New York City office, the Director of Risk reports to the Executive Deputy Comptroller for NYSLRS with administrative reporting to the CIO.
Essential Duties and Responsibilities include:
Update the total Fund perspective across the material legal, operational, governance, reputational, and investment risks and ensure a shared understanding and prioritization.
Design and maintain a daily risk dashboard to catalogue key risks for the Fund and asset classes (e.g. exposure by sector, scenario analysis, liquidity concerns, counterparty failure).
Lead the implementation of a systematic risk taxonomy, risk appetite statement, and policies / tools to ensure a successful risk management system.
Work closely with the Chief Compliance Officer and other functional leaders to oversee risk monitoring and ensure risk policies are enforced.
Develop deep peer-to-peer relationships with senior investment professionals, risk consultants, external investment managers, and industry organizations.
To learn more about the Position specifications please see the link below:
MINIMUM QUALIFICATIONS • BA, ideally in business, economics, or similar quantitative field; MBA or master’s in finance. • 10+ years of financial risk management, preferably in an institutional investor role. PREFERRED QUALIFICATIONS/DESIRED COMPETENCIES • Expert knowledge of modern portfolio theory, capital markets, stress test modeling, investment risk management tools, investment portfolio mechanics, and general knowledge of all investment asset classes. • Expert knowledge of risk analysis software to conduct portfolio risk and performance attribution analyses. • Demonstrated skill in analyzing and recommending portfolios that meet specific risk and return objectives. • Ability to take output from risk-related analyses and communicate clear and persuasive guidance to asset classes on how to mitigate identified risks effectively • Ability to contribute to risk discussions on market, operational, and other risks to diligence investments.
About NEW YORK STATE OFFICE OF THE STATE COMPTROLLER -DIVISION OF PENSION INVESTMENT AND CASH MANAGEMENT
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