Position Information

Managing Director - Public Equities

Apply by: All applications must be submitted by 5:00 pm on Wednesday, February 12th. Applications received after 5:00 pm will not be considered. In order to be considered, you must apply directly to the posting located on our applicant portal. The link to access the posting is: https://www.nystrs.org/

Position Summary

Reporting to the Executive Director and Chief Investment Officer, the Managing Director of Public Equities is responsible for the System’s public equity portfolio. The public equity portfolio represents a target of 52% of total NYSTRS’ assets and includes: a) active and passive portfolios, b) internally and externally managed portfolios and c) domestic, international and global portfolios. The position is responsible for performing complex duties requiring a high degree of integrity, expertise and sound judgment.
The Managing Director of Public Equities must align and support the System’s investment philosophy and policy objectives including initiatives on diversity, inclusion and ESG. The successful candidate should have broad knowledge of passive and active equity investing approaches, and institutional experience including significant experience in factor-based investing, portfolio construction and asset allocation. An in-depth understanding of global economics and capital markets, equity investment strategies and vehicles, the principles and practices of institutional investing, investment operations, and investment policy development are also required.
This position will require travel which will range from 10% to 15% per year

 

Job Duties

The Managing Director of Public Equities is responsible for, but not limited to, the following duties:

  • Oversee the public equity portfolio with a value of $79.0B at 9/30/2024 and allocation targets of 33% domestic equities, 15% international equities and 4% global equities or 52% of the total NYSTRS’ portfolio
  • Provide leadership, management, supervision, guidance and expertise to the Public Equities team comprised of 16 members across three divisions: (1) Quantitative Strategies and Internal Portfolio Management, (2) Equity Trading and (3) External Portfolio Management
  • Including management, guidance of and insight into a) index and systematic active strategy development, improvement and implementation, b) manager research, selection and oversight, c) equity trade execution and transaction cost analysis and control, and d) all administrative aspects of operating the Public Equities department
  • Analyze and implement legal, regulatory, and policy initiatives as appropriate
  • Provide advice and expertise as a voting member of the Internal Investment Committee (IIC) on all new investments across all asset classes
  • Along with the Executive Director and Chief Investment Officer coordinate the quarterly Investment Advisory Committee (IAC) meetings. The IAC is a group of outside experts that lead general investment discussions following formal presentations with staff and Board members.
  • Manage the relationship and coordinate the advice and activities of the Systems general investment consultant
  • Facilitate and host along with the NYSTRS Executive staff the annual Minority and Women Owned Business Enterprise (MWBE) conference providing guidance on how to do business with NYSTRS
  • Provide quarterly updates to the Systems Board of Trustees
  • Travel for manager and broker due diligence, follow-up site visits
  • Attend conferences in order to network and stay abreast of investment industry developments

Position: Managing Director - Public Equities
Organization: New York State Teachers' Retirement System
Location: Albany,  NY 
United States
Salary: $240,000 - $310,000 annually
Posting Start Date: 1/27/2025
Date Posted: 1/27/2025
Requirements

Minimum Qualifications

A bachelor’s degree and ten (10) years professional institutional investment experience, including:

  • Implementing and managing an internal or external investment management program
  • Managing, mentoring and developing professional investment staff
  • Demonstrated success as an active participant of a senior-level professional investment team
  • Experience making presentations at a Board or Investment Committee level

Preferred Qualifications

  • Advanced degree in finance, economics, business, statistics or a related or complementary field
  • CFA Charter holder
  • Strong technical skills including experience with portfolio optimization tools
  • Ten plus years of institutional investment management experience and expertise with a demonstrated record of risk controls and performance
  • Demonstrated experience and belief in systematic and factor-based investment processes
  • Experience developing, implementing and managing an internal and external investment management program.
  • Experience with multiple asset classes and asset allocation decisions.
  • Strong leadership skills, including decision making, risk management, organizational awareness, adaptability, flexibility and professional confidence
  • Excellent oral, written and listening communication skills
  • High degree of professionalism, integrity, honesty and ethical behavior
Status: This listing expires on: 2/19/2025
Apply Apply for this Position
Send to a Friend  Send to Friend
   Print Job
Return to Job Search  Return to Job Search
Post a Position  Post a Position
Organization Information
Name:
New York State Teachers' Retirement System
Address:
10 Corporate Woods Drive

Albany,  NY 12211
United States
Email:
aleks.szumilo@nystrs.org
Phone:
Fax:
Contact:
Aleks Szumilo
Become A Member

Becoming a member of NASRA offers a unique opportunity to join a community committed to the sound, efficient, and innovative stewardship of public retirement systems. Membership connects you with a network of professionals and experts, providing valuable insights into managing public retirement systems with a focus on sustainability and risk-averse strategies.

By joining NASRA, you gain the tools and resources to enhance the management of public retirement systems, ensuring their long-term success and reliability for generations to come.


 

What's New at NASRA: Latest Update on Employee Contributions to Public Pensions

NASRA updates six key briefs annually on public pension management. The latest focuses on employee contributions to public pensions. Unlike private sector pensions, state and local government employees contribute to their retirement benefits, a crucial practice for stable pension funding. Post-2008 financial downturn, many plans increased these contributions. This brief examines the contribution plans’ design, policies, and trends, underlining their importance in pension sustainability.