Becker Career Center

TRS Investment Officer 2-Public Equities

Job Title:  TRS Investment Officer 2 - Public Equities

Position Type:  Civil Service

Appointment Type:  Permanent

Link to posting:


For current NYSTRS employees hired prior to 4/1/2015:
$79,552 to $103,798 (Hired prior to 4/1/2015)

All other applicants:
$79,552 to $99,350

Salary Grade:  23

Position Summary:  The TRS Investment Officer 2 in the Public Equities Department will perform a variety of analytical and administrative duties in support of the investment and management of the New York State Teachers’ Retirement System’s (NYSTRS) multi-billion dollar public equities portfolio. They will perform investment activities related to the initial and ongoing due diligence of externally managed strategies. Also, when required, they will provide analytic support for internally managed equity strategies, and administrative support in the day-to-day operation of both externally and internally managed equity strategies. This position will require some travel on the part of the incumbent.

Minimum Qualifications:  

A bachelor’s degree and three years of professional experience either directly engaged in, or in support of, trading and/or portfolio management. This experience must have included at least two years of experience in one of the following: trading public equities for a buy-side organization, broker dealer or public pension plan; utilizing portfolio management tools; utilizing portfolio management concepts, specifically risk management, portfolio construction and performance attribution; managing public market equity investments, including direct portfolio management and oversight of externally-managed portfolios; or investment research stock selection.

Substitutions: A master’s degree in Business Administration or a closely related field may substitute for one year of experience; successful completion of all three levels of the CFA exam may substitute for one year of experience; holding a Certificate in Investment Performance Management may substitute for six months of experience.

A maximum of one year of experience substitution is permitted.

Preferred Qualifications:

• Advanced degree in finance, accounting, business administration, economics, statistics or a related field 
• Chartered Financial Analyst designation; or a willingness to pursue the CFA designation
• Practical experience gained as a member of a selection and monitoring team in the public equity asset class across a wide variety of strategies 
• Experience using Barra, Northfield and Factset Portfolio Analysis software and interpreting performance attribution and multi-factor risk reports
• Familiarity with screening manager databases like eVestment and Mercer and analyzing portfolio performance and risk
• Four or more years of experience in making written recommendations and presentations to a search committee, investment committee or similar oversight group
• Strong written and presentation skills
• Strong analytical ability
• Self-motivated, with the ability to work independently, but also be a team player
• Attention to detail and deadlines
• Experience using scripting languages like VBA for Microsoft Office and Outlook to enhance productivity, or knowledge of a statistical programming language like R is a plus
• Commitment to providing exceptional customer service

Physical Demands:  None

Job Description: 

Under the direction of management, the TRS Investment Officer 2 (Public Equities) will be responsible for, but not limited to, the following duties:

• Assist with the manager search effort by screening public equity manager databases for potential candidates, conducting qualitative and quantitative analyses of prospective managers and related strategies, participating in manager interviews and site visits and documenting due diligence and recommendations
• Assist the team in the preparation, review or presentation of investment and manager related material for meetings with the Investment Advisory Committee, Retirement Board or the Internal Investment Committee
• Partner with other team members to routinely review, write up and present performance attribution, holdings-based risk and portfolio analyses and investment guideline compliance of existing managers. Write up observations and flag issues requiring additional follow-up with any managers.
• When assigned, review sector carve-outs of internally managed portfolios for companies with important headlines or pending corporate actions. Validate the data integrity and quantitative model forecasts of companies within that sector.
• Contribute to investment research projects as requested
• Assist with the contracting process for newly hired managers, as well as when contracts are bilaterally modified by NYSTRS and an existing manager
• Assist with the custodial account opening and closing processes for recently hired or terminated managers
• Conduct a comprehensive annual review of each external manager currently in the public equities portfolio and assist in the annual contract renewal process
• Review and archive audited financial statements, regulatory filings, presentations and other important, manager-related documents
• Verify and process manager fee payables on a timely basis
• Review research databases or periodicals for information pertinent to NYSTRS’ external investment managers
• Track emerging issues and escalate issues to management when necessary
• Assist with all aspects of transition management, portfolio rebalancing, cash raises and manager terminations as requested
• Document and update written departmental policies and procedures
• Assist with the preparation of annual budget materials
• Attend conferences to build relevant knowledge and expertise
• Train more junior staff as needed or requested
• Participate in other investment or administrative tasks or projects as requested or as needed
• Position will require some travel to meet with existing and prospective managers

Posting Number:  CS0154P

Application Deadline:  04/11/2019

Special Instructions to Applicants: There are currently no mandatory re-employment lists at this time. However, please note that if such a list is certified against this title prior to the completion of the selection process, candidates applying based on meeting the minimum qualifications or transferability under Civil Service Law can no longer be considered. 

The work hours of this position are subject to change in accordance with Article 12 of the collective bargaining agreement.
This position falls under NYSTRS’ Personal Trading policy, which requires pre-clearance of personal trades and reporting of trading activity.

Supplemental Questions:

Supplemental Questions

Required fields are indicated with an asterisk (*).

1.  *Are you proficient with using Microsoft Excel to build spreadsheets that use complex formulas?

  • Yes
  • No

2.  * Are you proficient using Microsoft PowerPoint to create and present presentations:

  • Yes
  • No

3.  *Do you have a Master's Degree in Accounting, Business Administration, Economics, Finance, Mathematics, Statistics, Engineering or in a closely related field?

  • Yes
  • No

4. *What is your CFA Charterholder designation status?

  • Not Willing to Obtain
  • Willing to Obtain
  • Level 1 Completed
  • Level 2 Completed
  • Level 3 Completed and/or CFA Charterholder

5. *How much professional experience do you have monitoring an external money manager?

  • 0 to 12 Months
  • More than 1 Year to 2 Years
  • More than 2 Years to 3 Years
  • More than 3 Years

6. *How much professional experience do you have in which documenting, developing and communicating buy/sell recommendations was one of your primary responsibilities? 

  • 0 to 12 Months
  • More than 1 Year to 2 Years
  • More than 2 Years to 3 Years
  • More than 3 Years

7. *How much professional full-time experience do you have preparing and interpreting performance attribution reports?

  • 0 to 12 Months
  • More than 1 Year to 2 Years
  • More than 2 Years to 3 Years
  • More than 3 Years

8. *How much professional experience do you have in using Barra, Northfield or Factset to understand a portfolio's risk profile and performance attribution?

  • 0 to 12 Months
  • More than 1 Year to 2 Years
  • More than 2 Years to 3 Years
  • More than 3 Years

9. *Have you used VBA or a similar scripting language to automate routine tasks in Microsoft Office or Outlook?

  • Yes
  • No

10. *Have you used R or a similar statistical language to automate routine tasks in Microsoft Office or Outlook?

  • Yes
  • No

11. *Do you have experience screening investment manager databases like eVestment and Mercer?

  • Yes
  • No


Required Documents

  1. Resume
  2. Cover Letter

Optional Documents

  1. Letter of Recommendation
  2. Letter of Recommendation 2

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