Description

Our client, the Office of the State Comptroller (OSC) which manages approximately $280B in AUM for the NY Common Retirement Fund is seeking a Director of Risk. OSC is charged with ensuring that State and local governments use taxpayer money effectively and efficiently.

Based in the Albany or New York City office, the Director of Risk reports to the Executive Deputy Comptroller for NYSLRS with administrative reporting to the CIO.

Essential Duties and Responsibilities include:

• Update the total Fund perspective across the material legal, operational, governance, reputational, and investment risks and ensure a shared understanding and prioritization.
• Design and maintain a daily risk dashboard to catalogue key risks for the Fund and asset classes (e.g. exposure by sector, scenario analysis, liquidity concerns, counterparty failure).
• Lead the implementation of a systematic risk taxonomy, risk appetite statement, and policies / tools to ensure a successful risk management system.
• Work closely with the Chief Compliance Officer and other functional leaders to oversee risk monitoring and ensure risk policies are enforced.
• Develop deep peer-to-peer relationships with senior investment professionals, risk consultants, external investment managers, and industry organizations.

 To learn more about the Position specifications please see the link below:

Position Specifications

 To apply, please email your resume to Tamara Wesely of EFL Associates at tamara.wesely@eflassociates.com

Requirements

MINIMUM QUALIFICATIONS
• BA, ideally in business, economics, or similar quantitative field; MBA or master’s 
in finance. 
• 10+ years of financial risk management, preferably in an institutional investor role. 

PREFERRED QUALIFICATIONS/DESIRED COMPETENCIES
• Expert knowledge of modern portfolio theory, capital markets, stress test 
modeling, investment risk management tools, investment portfolio mechanics, 
and general knowledge of all investment asset classes. 
• Expert knowledge of risk analysis software to conduct portfolio risk and 
performance attribution analyses. 
• Demonstrated skill in analyzing and recommending portfolios that meet specific 
risk and return objectives. 
• Ability to take output from risk-related analyses and communicate clear and 
persuasive guidance to asset classes on how to mitigate identified risks effectively 
• Ability to contribute to risk discussions on market, operational, and other risks to 
diligence investments.