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Graduate Intern - Public Markets Portfolio Construction

Job Description

The New York City Comptroller’s Office works to promote the financial health, integrity, and effectiveness of New York City government, in order to strengthen trust, secure a thriving future for all New Yorkers, and build a more just, equitable, and resilient city. Led by an independently elected citywide official, the comptroller’s office provides checks and balances needed to hold City government accountable for budgeting wisely, investing responsibly, operating efficiently, acting fairly, living up to its obligations and promises, and paying attention to the long-term challenges we face together.


The Bureau of Asset Management is responsible for oversight of the investment portfolios of the five New York City pension systems. Through a culture of collaboration, individual development, and teamwork that leverages diverse talent and strives for continuous improvement, the goal of the Bureau of Asset Management is to achieve exceptional investment outcomes for all stakeholders; to deliver outstanding support to plan Trustees; and to serve as a responsible steward of the resources of plan beneficiaries and the City of New York.

Responsibilities of the Public Markets-Portfolio Construction Intern include, but are not limited to:

- Assist the Portfolio Construction team, checking data integrity, modifying and creating templates, working with BarraOne

- Coding to simplify existing processes

- Review current presentations and work to improve them


QUALIFICATION REQUIREMENT: Matriculation at an accredited graduate school. Employment is conditioned upon continuance as a student in graduate school.


IMPORTANT:
- Our office is located at the David Dinkins Municipal Building, 1 Centre St. in Manhattan/New York.
- All interns will work in-person in the office, Monday – Thursday, 28 hours per week.
- The employment period will be from June 2 – July 31, 2025.

Qualifications

Candidates must be currently enrolled in a graduate degree program in an accredited college, university or law school.

Additional Information

The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.

What You Should Know About Graduate Intern - Public Markets Portfolio Construction, City of New York

As a Graduate Intern in Public Markets Portfolio Construction at the New York City Comptroller’s Office, you'll be a key player in the Bureau of Asset Management. This dynamic department is dedicated to the financial health and accountability of New York City’s government. You will engage with a collaborative team focused on achieving exceptional investment outcomes for New Yorkers while enhancing your skills in a professional environment. Your primary responsibilities will include assisting the Portfolio Construction team by ensuring data integrity, crafting and modifying templates, and utilizing BarraOne to optimize processes. You'll also have the opportunity to code solutions that simplify existing workflows, making your mark on the processes that strengthen city investments. As part of this role, you’ll review and enhance current presentations, learning how to communicate complex financial concepts effectively. To thrive in this intern role, you must be currently enrolled in a graduate program at an accredited institution, as your continued study is crucial to your employment. You’ll enjoy the vibrant setting of the David Dinkins Municipal Building in Manhattan, working 28 hours a week, Monday through Thursday, from June 2 to July 31, 2025. By joining the team, not only will you gain valuable experience in public finance, but you'll also contribute to creating a more equitable and resilient New York City for all.

Frequently Asked Questions (FAQs) for Graduate Intern - Public Markets Portfolio Construction Role at City of New York
What responsibilities will a Graduate Intern in Public Markets Portfolio Construction at the New York City Comptroller’s Office have?

A Graduate Intern in Public Markets Portfolio Construction at the New York City Comptroller’s Office will assist the Portfolio Construction team in numerous ways. Key responsibilities include checking data integrity to ensure that all investment data is accurate, modifying and creating templates for reporting purposes, and working with BarraOne to enhance the portfolio management process. The intern will also focus on coding solutions to streamline existing operations and will work on reviewing and improving current presentations to effectively communicate investment strategies.

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What qualifications are needed for the Graduate Intern position at the New York City Comptroller’s Office?

To be eligible for the Graduate Intern position in Public Markets Portfolio Construction at the New York City Comptroller’s Office, candidates must be currently enrolled in a graduate program at an accredited college, university, or law school. This position is designed for students who are keen on developing their skills in public finance and investment management, and continual matriculation at the graduate school is a condition of employment.

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What is the work schedule for the Graduate Intern in Public Markets Portfolio Construction?

The Graduate Intern in Public Markets Portfolio Construction at the New York City Comptroller’s Office will work in-person at the David Dinkins Municipal Building in Manhattan. The schedule consists of 28 hours per week spread from Monday to Thursday, allowing interns to balance their academic commitments while accumulating valuable professional experience.

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How can a Graduate Intern contribute to investment outcomes at the New York City Comptroller’s Office?

A Graduate Intern can play a significant role in contributing to exceptional investment outcomes at the New York City Comptroller’s Office by assisting in daily operations that impact the management of pension portfolios. Making accurate data checks, creating efficient reporting templates, and coding new solutions help streamline processes. Each of these tasks supports the Bureau of Asset Management's goal of being a responsible steward of City resources, thereby benefiting all stakeholders involved.

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What is the duration of the Graduate Internship at the New York City Comptroller’s Office?

The duration of the Graduate Internship in Public Markets Portfolio Construction at the New York City Comptroller’s Office is set from June 2 to July 31, 2025. This roughly two-month period is designed for intensive learning and development, equipping interns with hands-on experience in public finance and portfolio construction.

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Common Interview Questions for Graduate Intern - Public Markets Portfolio Construction
What experience do you have that prepares you for the Graduate Intern role in Public Markets Portfolio Construction?

When answering this question, highlight any relevant coursework, projects, or internships that relate to public finance and investment. Emphasize analytical skills and any experience with investment tools or coding. Discuss how these experiences equipped you with a robust understanding of asset management and portfolio construction.

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How would you ensure data integrity in financial reporting?

To ensure data integrity in financial reporting, focus on the processes you would implement or follow. Discuss specific methods, such as cross-referencing data,regular audits, or leveraging analytical tools. Stress your attention to detail and how you would document changes to maintain an accurate financial record.

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Can you describe a time when you improved a process or template? What steps did you take?

When describing an experience about improving a process or template, utilize the STAR method (Situation, Task, Action, and Result). Detail the initial challenge, your specific role in addressing it, the actions you took to improve the template or process, and the positive outcomes resulting from your intervention.

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What is your familiarity with BarraOne or similar investment management tools?

Discuss any background you have with BarraOne or equivalent tools. If you haven't worked with these programs, express your keen interest in learning and how your programming or analytical skills can translate into a quick understanding of these systems. Highlight any coursework or personal projects that involved similar concepts.

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Why do you want to intern with the New York City Comptroller’s Office?

When addressing this question, express your alignment with the office's mission and values. Highlight your commitment to public service and how the role fits into your career goals, particularly your interest in public finance and asset management. Share how contributing to the financial health of a major city excites you and aligns with your academic pursuits.

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How do you handle tight deadlines and high-pressure situations?

Demonstrate your time management and prioritization skills by providing strategies you use to handle tight deadlines. Discuss a past experience where you met a challenging deadline, focusing on how you organized your tasks, maintained communication with team members, and delivered quality results under pressure.

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What methods do you employ to present complex financial information clearly?

When discussing your methods for presenting complex financial information, focus on your understanding of your audience and the importance of clarity. Mention techniques such as using visuals, breaking information down into digestible formats, and reiterating key points. Provide an example of a successful presentation you've delivered in the past.

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How do you prioritize your tasks when working on multiple projects?

Articulate your approach to prioritizing tasks, such as assessing deadlines, project significance, and stakeholder impact. Share an example of how you've effectively used lists, project management tools, or setting milestones to keep track of multiple deliverables and ensure on-time completion.

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What skills do you believe are essential for success in the Graduate Intern position?

Outline skills such as analytical thinking, communication, and teamwork as essential for success in the Graduate Intern role. Provide examples of how you've demonstrated these skills in academic or previous internship settings, emphasizing their relevance in contributing to the Bureau of Asset Management's goals.

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How comfortable are you with coding and technical tasks related to data processing?

Express your level of comfort with coding and technical tasks by referencing any relevant experiences, coursework, or personal projects. If you're proficient in specific programming languages, mention those. Stress your enthusiasm for building your technical skills, particularly in the context of simplifying processes within the role.

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Our Mission To work to eliminate ageism and ensure the dignity and quality-of-life of New York City’s diverse older adults, and for the support of their caregivers through service, advocacy, and education. Strategic Goals To foster independence...

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EMPLOYMENT TYPE
Internship, on-site
DATE POSTED
December 2, 2024

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