New York City Retirement Systems is looking to hire an executive to manage short-term fixed-income funds and supervise its short-term strategic portfolio and trading, according to the website of Scott Stringer, the city comptroller and fiduciary of the five pension funds within the city's $199 billion pension system.
This executive "will lead the short-term trading team responsible for the investment of approximately $2 billion of short-term funds for the New York City Retirement Systems as well as an additional $12 (billion) to $20 billion on behalf of other NYC agencies," the website said.
The head of short-term strategic portfolio and trading will work for the city's bureau of asset management, which handles investment for the pension system. The executive will report to Robert Feng, the bureau's head of public fixed income.
Duties include overseeing and monitoring "the investment activities of third-party service providers including the securities lending and foreign exchange agents," the website said.
Other responsibilities include investing daily cash "according to instructions and guidelines;" working with custodian banks, broker dealers and technology vendors "to maintain efficient investment accounting and reporting systems"; and assessing " the investment opportunities available from all providers to determine the best asset allocations for each agency."
Tian Weinberg, a spokeswoman for Mr. Stringer, declined to identify the previous job holder. The job will remain open "until filled," the website said.