Risk Officer

Company:New York State Common Retirement Fund

Report to Chief Risk Officer, with ad hoc reporting to senior risk officers. Informally oversee junior risk officers and operations staff (no formal direct reports)

Job Duties:
• Conduct specialized risk analysis (both quantitative analytics as well as qualitative assessment) and independently run the end-to-end risk management for at least one asset class (e.g., listed equities, fixed income/credit, hedge funds, private equity, real assets, real estate, opportunistic, and ARS)
• Assist in the development of risk assessment metrics for the investment risk management program
• Oversee the production of reporting to measure performance and risk against benchmarks for each asset class and the plan overall, and catalogue risks resulting from portfolio deviation from target asset allocation
• Oversee the production of reporting to track portfolio exposures across at least one asset class and raise any trends, exposure risks, and relevant insights with Risk leadership
• Assess performance attribution utilizing in-house systems and software solutions (e.g., Barra One, BlackRock Solutions)
• Drive research and analysis of market trends across applicable asset classes that affect current investments
• Review data integrity and set-up of 3rd party software solutions to ensure that the data is useable and the system meets enterprise needs
• Mentor and develop the junior Risk and operations staff on both risk/investment knowledge and career topics

Preferred Qualifications/Desired Competencies:

High ethical standards and commitment to fiduciary responsibilities of a pension fund

Strong knowledge of and ability to independently manage risk for at least one asset class
Practical capital markets experience in at least one asset class

Strong knowledge of modern portfolio theory, capital markets, stress test modeling, and investment risk management tools; general knowledge of all asset classes and deep knowledge of at least one

Demonstrated experience in stress test modeling, portfolio risk and performance attribution analyses, risk mitigation strategies, investment risk management tools, and risk analysis software

Ability to conduct quantitative risk-related analyses, evaluate the implications of the results, and communicate findings to senior Risk personnel and Fund leaders

Ability to contribute to risk discussions on market, operational, and other risks and assist investment diligence with a solutions-oriented mindset

Strong written/oral communication, organizational, and relationship-building skills to coordinate work flow with the stakeholder groups and the various CRF asset classes in a timely manner

BA/BS, ideally in STEM, econometrics, or similar quantitative field

5+ years of relevant risk experience; institutional investment background preferred

To Apply: Interested candidates should submit a cover letter and resume to no later than March 16, 2018.

Please include 6972- PI when responding in the subject line.