Director of Public Markets Middle & Back Office Support

Responsibilities

• Oversees teams and functions performed within the Public Markets Middle Office, Public Markets Oversight, Account Management and Expense Management groups.
• Manages four teams of operations professionals and assigns, and monitors tasks, provides training and evaluates performance.
• Leads meetings and discussions representing Public Markets Middle & Back Office Support, Expense Management and Account Management Groups.
• Maintains the accuracy of all public investment attributes in the account master database.
• Manages the process of transferring funds and assets to and from investment Managers for initial funding, transitions and rebalance events and terminations.
• Works with the Chief Operating Officer to design policies, procedures and practices which are used in the operational oversight of the NYCRS portfolio and third-party services providers.
• Ensures that third-party service providers are performing as defined by engagement contracts and continually evaluates the performance criteria to ensure they appropriately support BAM and are current with industry offerings.
• Performs operational due diligence for potential public market investment managers, oversees the review of monthly Investment Manager Reconciliations and oversight of accounts.
• Oversees the accounting for Fixed Income and Public Equity instruments and can verify the accuracy in the accounting records and provide guidance to the operations teams.
• Creates and maintains written process documentation for the group.
• Manages the annual audit working with the external Auditors to provide support for financial statement presentation and validation of transactional activity.

Qualifications

• A baccalaureate degree in finance, economics, accounting, business, or a related field, and five (5) or more years of satisfactory full-time experience in a financial services organization handling Middle Office and Back Office functions similar to those described in the bulleted list of the job description above; at least 18 months of this experience must have been in an administrative, managerial, or supervisory capacity, supervising professional staff engaged in performing functions mentioned above; or,
• A graduate degree from an accredited college in the fields mentioned in "1" above and three (3) or more years of progressively responsible full-time professional experience as described above; at least 18 months of this experience must have been in an administrative, managerial, or supervisory capacity, supervising professional staff engaged in performing functions mentioned above.

Preferred Skills

• Supervisory experience managing multiple team of finance/accounting professionals and multiple operational processes
• Familiarity with My State Street and other asset management tools preferred
• Superior project management skills and demonstrated ability to multitask across various functional areas
• Experience managing an annual audit of a portfolio
• Strong communications skills including excellent Microsoft Office (Excel, PowerPoint) computer skills at the user level
• Understanding of accounting practices and principles related to Public Equity and Fixed Income asset classes