Senior Quantitative Analyst

New York State Insurance Fund (NYSIF); New York (NY); On-site; USD 225,000 - 239,000; Full time

Job summary

The New York State Insurance Fund (NYSIF) is looking for a Senior Quantitative Analyst to enhance its investment risk management team. This role involves quantifying risk exposures, optimizing portfolios, and utilizing various risk management systems. Candidates should have substantial expertise in quantitative finance and risk analytics with at least seven years of professional experience. Competitive compensation and comprehensive benefits are provided.

Benefits

Competitive Compensation

Future Career Growth Potential

Comprehensive Medical, Vision, and Dental Benefits

Plentiful Vacation and Sick Leave Accruals

Paid State and Federal Holidays

Retirement Options

Public Student Loan Forgiveness

Possibility of Telecommuting

Qualifications

• Bachelor's degree with strong academic qualifications required.
• Minimum of 7 years of experience in a relevant role.
• Candidates with buy-side institution experience preferred.

Responsibilities

• Quantify risk exposures for NYSIF portfolios across asset classes.
• Contribute to portfolio optimization and scenario analysis.
• Measure and report on various portfolio risk metrics.

Skills

Financial modeling

Risk analysis

Statistical analysis

Programming (Python)

Portfolio optimization

Education

Bachelor's degree

Master's degree in finance or quantitative discipline

Chartered Financial Analyst (CFA) credential

Tools

Aladdin

Bloomberg

Yield Book

Intex

Job description

Join to apply for the Senior Quantitative Analyst role at New York State Insurance Fund (NYSIF)

Join to apply for the Senior Quantitative Analyst role at New York State Insurance Fund (NYSIF)

New York State Insurance Fund (NYSIF) provided pay range

This range is provided by New York State Insurance Fund (NYSIF). Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$225,000.00/yr - $239,000.00/yr

Description

Duties Description

The New York State Insurance Fund (NYSIF) with over $20 billion of assets under management, is seeking a Senior Quantitative Portfolio Analyst to join its investment risk management team to oversee portfolios across multiple asset classes. This position reports to the Chief Investments Risk Officer.

Responsibilities Include, But Are Not Limited To

• Quantify risk exposures for all NYSIF portfolios, including those investing in fixed-income securities, equities and alternative assets
• Work closely with staff on portfolio optimization and scenario analysis, and help devise strategies to achieve stated portfolio objectives
• Use various systems (Aladdin, Bloomberg, Yield Book, Intex, etc.) and compile exposure and risk related data
• Measure and monitor various factor exposures across asset portfolios
• Measure, monitor, manage and report on various portfolio risk metrics such as VaR, credit VaR, expected shortfall, tracking error, stress testing, and asset-liability analysis
• Participate and contribute to regular portfolio strategy, credit review and risk management meetings, and contribute with ideas to improve portfolio structure, risk measurement, investment process, etc.
• Generate risk reports on both internally and externally managed portfolios for NYSIF colleagues and other stakeholders
• Produce and review performance attribution analysis and reports for internally managed portfolios and assist in this work for externally manager portfolios.
  
  

Minimum Qualifications

Minimum Qualifications

• Bachelor’s degree with strong academic qualifications
• Minimum of Seven years of experience in a comparable role
• Preference will be given to candidates who have worked at a “buy-side” institution
  
  

Preferred Qualifications

• Master’s degree in finance or a quantitative discipline, or possess the Chartered Financial Analyst (CFA) credential
• Experience with portfolio management software
• Five years background and knowledge of industry standard risk/portfolio analytic systems. Preference will be given to candidates with Blackrock Aladdin experience
• Strong financial modeling skills
• Prior background in fixed-income analytics (equity market experience a plus)
• Proficiency in Python is a plus
• Competent programming skills (VBA) and proficiency in security modeling
• Deep interest in capital markets
• Solid mathematical understanding of fixed-income instruments
  
  

Additional Comments

For new State employees appointed to graded positions, the annual salary is the hiring rate (beginning of the Salary Range) of the position. Promotion salaries are calculated by the NYS Office of the State Comptroller in accordance with NYS Civil Service Law, OSC Payroll rules and regulations and negotiated union contracts.

Fringe Benefits

• Competitive Compensation.
• Future Career Growth Potential.
• Open and Supportive Team-Based Environment.
• Plentiful Vacation, Personal, and Sick Leave Accruals.
• Paid State and Federal Holidays.
• Full Medical, Vision, and Dental.
• Retirement Options.
• Public Student Loan Forgiveness (PSLF).
• Possibility of Telecommuting.
  
  

NYSIF Commitment to Diversity, Equity, and Inclusion

The New York State Insurance Fund (NYSIF) prioritizes and champions diversity, equity, and inclusion (DEI) throughout our agency. NYSIF provides equal opportunities to all employees and applicants for employment without regard to race, religion, color, age, sex, national origin, sexual orientation, gender identity, disability, veteran status, or any other protected category under federal, state, and local law. We believe that embracing our differences brings richness, new ideas and experiences to NYSIF, which energizes a creative and innovative work environment. We strive to foster a workplace where diverse individuals are able to participate fully in the decision-making process and have ample opportunity for advancement. We are committed to investing the necessary resources and attention to improving the engagement, retention, and promotion of the extraordinary talent we have.

Executive Order 31 commits New York State government to becoming a model employer for people with disabilities, increasing the participation of people with disabilities in state service and ensuring equal access to opportunities. NYSIF is proud to utilize best practices to recruit, hire, retain, and promote career advancement of individuals with disabilities. This includes special focus on current and prospective employees with the most significant disabilities, such as the use of supported employment, individual placement with support services, customized employment, the civil service sections 55/b and 55/c programs, internships, and job shadowing. If you are a person with a disability and wish to request that a reasonable accommodation be provided for you to participate in a job interview, please send an email to NYSIF’s Reasonable Accommodations mailbox at [e-mail].

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  General Business

• Industries

  Insurance

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