Assistant Manager Of Public Equities - Trading

Posting Details
Position Information
Job Title
Assistant Manager of Public Equities - Trading
Position Type
Non-Civil Service
Appointment Type
Permanent
Salary
Salary range: $144,339 to $162,455
Salary Grade
AM
Position Summary
All applications to NYSTRS should be done via the https://nystrs.peopleadmin.com/ site. NYSTRS will never ask you to submit private information via email or direct you to submit private information to another site as part of our recruitment process.
This position is eligible for participation in NYSTRS' Flexible Work Pilot Program.
Under the direction of Manager of Public Equities-Trading, the Assistant Manager of Public Equity- Trading will be instrumental in managing, supervising and executing the public equity trading function for the Public Equities team.
The Assistant Manager of Public Equity Trading will be directly involved in the development, oversight, and implementation of policies and procedures required for managing international equity portfolios internally. In order to achieve the team's objectives, the incumbent will be required to interact with other departments as necessary, representing the interests of the Public Equity team with respect to investment operations, internal audit, systems, infrastructure, and business continuity.
This position will require some travel.
Minimum Qualifications
•Bachelor's degree and eight (8) years of professional investment or related experience, including five (5) years of agency trading experience that included trading U.S. Equities.
•Three (3) years of specialized trading experience must be at a buy-side firm, pension plan, foundation or endowment with over one billion in assets under management. Such experience must include developing and executing optimal trading strategies utilizing electronic trading solutions including algorithms.
•Advanced degree in a related field and/or holding the CFA (Chartered Financial Analyst) charter substitutes for one year of the professional investment work experience.
Preferred Qualifications
•Five (5) years of sell-side trading experience at a Wall Street investment bank/brokerage firm and five (5) years buy-side trading experience.
•Commitment to providing exceptional customer service
•Excellent communication skills
•Excellent interpersonal skills
Physical Demands
None
EEO Statement
NYSTRS is an equal opportunity employer. We are committed to fostering an inclusive environment where diversity is valued and recognized as a source of strength and enrichment. We seek to attract talented people from a diverse range of backgrounds and cultures, and encourage women, people of color, LGBTQ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.
Job Duties
Description
The duties of the Assistant Manager of Public Equities-Trading include, but are not limited to, the following:

• The development and implementation of an overall trading strategy for each of the Systems internally managed public equity portfolios with a focus on controlling transaction costs;
• Develop, enhance and maintain NYSTRS public equity trading platform including the build out of an international capability;
• Capture, measure, analyze and report transaction costs on all of the Systems public equity portfolios - internally and externally managed;
• Develop and maintain working relationships with the Systems Wall Street execution partners on the sell-side, other buy-side desks and key vendors;
• Provide support to the Manager for External Public Equities in the external manager due diligence process as it relates to the trading function and transaction costs of the manager(s) under consideration;
• Assist the internal and external portfolio management teams with portfolio monitoring and review;
• Supervise, develop, mentor and train junior staff

Posting Detail Information
Posting Number
AS163P
Application Deadline
05/16/2023
Special Instructions to Applicants
This position does not come under the jurisdiction of the Department of Civil Service. It comes under the Manager/Executive Plan. New appointees to Manager/Executive Plan positions must serve a one-year review period. If you are currently employed by NYSTRS in a Confidential or Negotiating Unit position, you will be granted leave without pay from your current position while you are serving the review period. Upon successful completion of the review period, the hold on your current position will be discontinued and you will no longer have any rights under Civil Service.
This position falls under NYSTRS' Personal Trading policy, which requires pre-clearance of personal trades and reporting of trading activity.