Back to Jobs

Chief Investment Risk Officer

Insurance Fund, State
New York, NY
Chief Investment Risk Officer Location New York, NY (Tribeca area) : Basic Qualifications:
  • Bachelor's degree in Finance, Mathematics, Engineering, Economics, or related field;
  • Candidates should have at least ten years' experience at an insurance company overseeing and managing investment risk; OR ten years' experience managing Investment Risk
    • Preferred Qualifications:
    • Master's in quantitative finance such as MFE, or MBA with concentration in Finance preferred;
    • Relevant professional designations (e.g., FRM, PRM, CIPM from the CFA institute, FSA/ASA) are advantageous;
    • Strong working knowledge of fixed income and equity markets, derivatives, insurance asset liability management, alternatives and private markets;
    • Strong understanding of Monte Carlo, Stochastic Calculus, PDE's, Linear Algebra, Markov Chains, Copula modeling, etc.;
    • An understanding of programing languages, not limited to Stata, R, SQL, VBA, Python, C++, Matlab, etc.;
    • Experience with front/middle office risk management systems such as; BlackRock Aladdin, RiskMetrics, YieldBook, Moodys KMV, Trepp, Intex, etc.;
    • Compelling presentation skills, and outstanding verbal and written communication skills;
    • Experience building and managing diverse teams.
    Duties Description NYSIF is the largest workers' compensation carrier in NYS and among the top 10 largest workers' compensation carriers in the nation, insuring approximately 139,000 policyholders, with more than $1.8 billion in annual earned premium and over $20 billion in assets. Under the direction of the Chief Investment Officer (CIO) the Chief Investment Risk Officer will be responsible for overseeing and implementing risk management controls for NYSIF's general account assets. The candidate will be responsible for understanding and monitoring all risk factors related to NYSIF's investments from both economic and statutory perspectives, chairing investment risk management meetings, managing and reporting on significant financial risk including but not limited to liquidity, concentration, credit, interest rates and structured product risks. Additionally, the candidate will be expected to combine their leadership and analytical skills advise the CIO and senior executives on NYSIF's risk exposures against its desired risk profile and foster a strong risk culture. The candidate will collaborate with external third parties to advance state-of-the-art risk analyses and monitoring. Responsibilities include, but are not limited to:
    • Perform analytical work to identify interest rate, credit default, credit spread, liquidity, alternatives, and structured product risk exposures;
    • Work proactively and communicate with the CIO, investment staff, investment consultants and traders to understand risk and performance decomposition, identifying risks, both quantitatively and qualitatively, of risk issues related to the portfolios and strategies;
    • Provide in-depth analysis of trading activities including positions, strategies, limits and risk profiles of invested assets in all portfolios;
    • Analyze risk and provide commentary on portfolio metrics, manage stress testing and scenarios analysis, analyze daily/weekly risk reports, and contribute to the development of a cohesive institutional investment risk management framework;
    • Collaborate in the development of strategic asset allocations across NYSIF's portfolios and provide support on capital management frameworks;
    • Oversight of all investment structures, benchmarks, valuation models, and risk data warehouses;
    • Partner with external risk vendor provider to create “state of the art” risk analysis, risk monitoring and decomposition;
    • Provide guidance for technology enhancements to risk management measures beyond existing tools;
    • Present risk management processes, methodologies, and implementation approach to investment staff, senior management, NYSIF's Investment Committee and Board Members;
    • Partner with both internal and external actuaries to support and enhance asset liability management, cash flow and liquidity analysis;
    • Perform ad-hoc analysis to address real-time risk information need by the CIO and senior management;
    • The Chief Investment Risk Officer will manage a staff of risk analysts and also serve as a liaison to finance, compliance, audit, legal, and information technology departments;
    • Ensure that risk management processes and methodologies are well documented and reflect all portfolio risk.
    • Enhance NYSIF's measurement of ESG, climate and diversity factors.
    Additional Comments 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.
    • Possibility of Telecommuting, Flextime, and Alternative Work Schedules.
    Please note, the targeted income range for this position is $250,000 to $280,000, based upon the candidate's individual experience. NYSIF does not offer bonus programs as part of our compensation program. The Civil Service title for this position is Special Investment Officer. The New York State Insurance Fund (NYSIF) was established in 1914 as part of the original enactment of the New York State Workers' Compensation Law. NYSIF's mission is to guarantee the availability of workers' compensation insurance at the lowest possible cost to New York employers and to provide timely, appropriate indemnity and medical payments to injured workers, while maintaining a solvent fund. Since inception, NYSIF has fulfilled the dual roles for which it was created: to compete with other carriers to ensure a fair marketplace and to be a guaranteed source of coverage for employers who cannot secure coverage elsewhere. NYSIF is the largest workers' compensation carrier in New York State and among the top 10 largest workers' compensation carriers in the nation, insuring approximately 139,000 policyholders, with more than $1.8 billion in annual earned premium and over $22 billion in assets. A self-supporting insurance carrier, NYSIF operates without taxpayer funding. In addition to workers' compensation insurance, NYSIF provides disability benefits coverage for off-the-job injuries to more than 56,000 New York employers. In 2018, NYSIF added paid family leave as a component of its disability benefits product, providing New Yorkers with job-protected, paid time away from work to care for their families. 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.
Posted 2025-09-07

Recommended Jobs

Senior Product Manager

Conduktor
New York, NY

About Conduktor: Conduktor is an Enterprise Data Management (EDM) platform that specializes in streaming. We empower industry leaders to implement their Streaming Data Strategy with a comprehensiv…

View Details
Posted 2025-08-20

Inland Marine Underwriter, Contractors Equipment

Berkshire Hathaway Specialty Insurance
New York, NY

Job Description Job Description Who are we? A strategic and trusted insurance partner, Berkshire Hathaway Specialty Insurance (BHSI), provides a broad range of commercial property, casualty and…

View Details
Posted 2025-07-29

HHA

The Osborn
Rye, NY

Job Description Job Description Our Osborn Home Care Team is looking for NYS certified HHAs and CNAs to join our great growing agency. $19.28 per hour Our ideal candidate has: - Home Ca…

View Details
Posted 2025-07-28

Hospital | Surgical Tech

Rochester, NY

Surgical Technologist Jobs – Hospital Opportunity in Rochester, Michigan Advance your healthcare career as a Surgical Technologist in a leading hospital setting in Rochester, MI (48307). Join our s…

View Details
Posted 2025-09-02

Accounts Payable Specialist

Empire State Realty Trust
New York, NY

COMPANY SUMMARY Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of well-leased, top of tier, modernized, amenitized, and well-located office, …

View Details
Posted 2025-08-28

Internal Medicine - Russian Speaker

HealthYes Staffing Network
New York, NY

Job Description Job Description Internal Medicine Physician – Russian Speaking in Brooklyn, NY Outpatient clinic in Brooklyn is seeking a Russian-speaking Internal Medicine Physician to join…

View Details
Posted 2025-07-28

Veterinarian

Liverpool Village Animal Hospital
Liverpool, NY

Exciting opportunity for an Associate Veterinarian at our AAHA accredited hospital just north of Syracuse, New York! Liverpool Village Animal Hospital, the premier veterinary facility in Central New …

View Details
Posted 2025-09-07

Associate Counsel

SEIU Committee of Interns and Residents (CIR)
New York, NY

SEIU Committee of Interns and Residents (CIR) Associate Counsel Based in New York City, NY or Boston, MA About Us  The Committee of Interns and Residents (CIR) is the largest house sta…

View Details
Posted 2025-09-01

Social Media Manager

New York Cloud Apps
New York, NY

Office Location: Remote Offices, Long Island, and New York City Requirements / Essential Duties ~Ability to work Social Media networks, such as but not limited to Twitter, FaceBook, Instagram. ~Pre…

View Details
Posted 2025-08-06

Automotive Instructor

Apex Technical School
New York, NY

Job Description Job Description   For over 60 years, APEX Technical School has been committed to helping students get the training they need to pursue the career of their dreams though our uniqu…

View Details
Posted 2025-07-30