Group Head, Public Markets Middle Office

Responsibilities

• Oversees and performs all functions within the Public Markets Middle Office group and manages a small group of operations professionals, assigns, and monitors tasks, provides training and evaluates performance;
• Leads meetings and discussions representing Public Markets Middle Office group;
• Manages the process of transferring funds and assets to and from Investment Managers for initial funding, transition and rebalance events and terminations;
• Manages the on-boarding of investment managers including account and market opening and all internal and external documentation requirements.
• Ensures the accuracy of all public investment attributes in the account database;
• Manages the process of wind down of accounts from manager terminations preparing the accounts for closure;
• Affords assistance to the Director of Public Markets Middle Office & Back Office Support to design policies, procedures and practices which are used in the operational oversight of third-party services providers to the NYCRS investment portfolio. These service providers include but are not limited to: Custodian, Security Lending Agent, Foreign Exchange provider, Class Action Service Provider, Tax Advisor and Consultants;
• 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;
• Creates and maintains written process documentation for the group;
• Continuously evaluates processes to determine process improvement related to Public Markets Middle Office functions;
• Performs other related duties and functions as may be required.

Qualifications

• 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;
• Two years of satisfactory full-time experience in investment activities of a governmental agency, financial institution or brokerage firm for Assignment Level III.

Preferred Skills

• Supervisory experience managing a team of operations or accounting professionals;
• Familiarity with My State Street and other asset management tools preferred;
• Superior project management skills and demonstrated ability to multitask across various functional areas is ideal;
• Strong communications skills including excellent Microsoft Office (Excel, PowerPoint) computer skills at the user level.