Topic: General Posts

Subject: Financing Policy & Coordination New York City OFFICE OF MANAGEMENT/ BUDGETS $185,886 - $230,726 a ye
Natalie Romanenko
Member: 2020
Submitted on 08-27-20 4:06 pm

Associate Director / Deputy Director | Financing Policy & Coordination

New York City OFFICE OF MANAGEMENT & BUDGET" target="_blank" data-tn-element="reviewStars" data-tn-variant="70cffbda7e83d97c">5 reviews - Manhattan, NY 10007 (Financial District area)

$185,886 - $230,726 a year" target="_blank" rel="noopener" data-jk="84df01473741b397">Apply On Company Site

      DIVISION: Financing Policy & Coordination

      JOB TITLE: One (1) Associate Director / Deputy Director

      CONTROL CODE: EXE-20-06

      The following is a vacancy within OMB not previously announced:


      The Mayor’s Office of Management and Budget (OMB) is the City government's chief financial agency. OMB's staff of analysts and experts assembles and oversees the Mayor’s expense and capital budgets, which fund the services and activities of approximately 70 City agencies.

      OMB is seeking an Associate Director / Deputy Director to lead the Financing Policy & Coordination Division. The Associate Director / Deputy Director will report directly to the Budget Director and will serve as the primary advisor to the Budget Director on non-legal issues regarding debt and credit financing. This Division manages the City's long-term capital financing program and seasonal borrowing. In addition to implementing the NYC General Obligation bond financing program, the Division is also directly responsible for the debt management of other financing entities such as: the New York City Municipal Water Finance Authority, the New York City Transitional Finance Authority, and the Hudson Yards Infrastructure Corporation, the Sales Tax Asset Receivable Corporation, and TSASC. (TSASC is a not-for-profit corporation established by the City to securitize Tobacco Settlement Revenues.). This includes bond issuance for new money financing of the City capital plan, refinancing of outstanding debt to reduce annual borrowing costs, and ongoing monitoring of floating rate debt and interest rate derivatives, as well investing monies held by the other financing entities mentioned previously.

      The staff in this Division work closely with investment bankers, financial advisors, bond counsel, and other governmental entities on securities transactions. It is responsible for preparing the City's debt service budget as well as the budget of the other financing entities under OMB’s purview and providing various analyses relating to bond structure, pricing and the City bonding capacity and debt burden.


      The duties of the Associate Director / Deputy Director encompass independent performance and direction of multiple units, in the following activities:

  • Oversee the structuring and analysis of bond and note offerings through quantitative and qualitative evaluation of financing proposals, cash flows and bond documents;

  • Direct the process to select outside professionals including Underwriters, Counsel, Auditing, and Financial Advisory firms through the RFP process;

  • Manage all aspects of ongoing debt management and existing debts;

  • Participate in board governance, rating agency inquiries, and oversee investor relations;

  • Work closely with financing team to ensure successful and orderly issuance of debt to the public, based on capital funding requirements and agency objectives

  • Monitor debt service for NYC: and review debt service models ands, budget models, ad hoc analyses on variability of capital


Minimum Qual Requirements

1. A baccalaureate degree from an accredited college.


Preferred Skills


  • Minimum of ten years of Public Finance experience

  • Exceptional interpersonal skills and an ability to maintain working relationships with staff, City officials, government agencies, the public and all other internal and external workforces at all levels with utmost professionalism.

  • Advanced ability to lead and oversee a team of finance professionals. Ability to work independently as a self-motivator and to motivate others as a leader of a team and to work with minimal supervision.

  • Exceptional organizational, research, problem solving, and analytical skills.

  • Outstanding written and spoken communications skills, including public speaking and presentation.

  • Ability to manage multiple, often-competing priorities proficiently, and manage staff effectively to ensure properly skilled individuals are assigned to and satisfy specific needs.

  • Strong computer technology skills including a proficiency in Microsoft Office software (Word, Excel, Access, and PowerPoint) and the ability to learn new technology quickly.


Additional Information


Associate Director / Deputy Director ($185,886+):
Bachelor's degree and a minimum of ten years of full-time experience in Public Finance. A Master's degree in Business, Finance or economics is strongly preferred. Applicants must also possess at least five years of supervisory experience.


To Apply

For City employees, please go to Employee Self Service (ESS), click on Recruiting Activities > Careers, and search for the Job ID # indicated above.

For all other applicants, please go to and search for the Job ID # indicated above.

The Mayor’s Office of Management and Budget and the City of New York are Equal Opportunity Employers.

You must be a City resident within 90 days of the date of appointment and you must be legally eligible to work in the United States.



Work Location

255 Greenwich Street


Residency Requirement

New York City residency is generally required within 90 days of appointment. However, City Employees in certain titles who have worked for the City for 2 continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County. To determine if the residency requirement applies to you, please discuss with the agency representative at the time of interview.



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