The Chief Investment Officer (CIO) is a member of the District of Columbia Retirement Board’s (DCRB) Executive Leadership Team (ELT) and reports directly to the Executive Director. The CIO is responsible for directing the daily work activities of the Investments staff and overseeing the investments program, including selecting and monitoring the performance of external investment managers, consultants and the custodian. The CIO also is responsible for maintaining the financial strength, integrity and stability of the pension fund assets by independently directing and monitoring the investment program and maintaining control over the pension fund assets.
• Participates in the development of DCRB’s strategic plan. Develops annual goals and objectives for the Investments staff. Directs and monitors the accomplishment of the annual goals and objectives. Identifies and communicates changes and/or barriers to achieve the desired outcomes. • Develops and maintains broad operational policies and procedures for the Investments Department. Reviews and recommends changes to agency-wide policies and procedures as part of DCRB’s ELT. Keeps abreast of market trends to help ensure DCRB’s operational policies and procedures reflect best market practices. • Develops annual operating budget projections for the Investments department. Responsible for the Investment department’s actual budgetary performance against approved budget targets. • Responsible for organization configuration and staffing of the Investments department. Initiates all personnel actions for subordinate employees within the department. Accountable for career planning and staff development of subordinate employees, including succession planning. Responsible for setting employee performance objectives, and for conducting annual performance reviews and pay decisions for direct reports.
KNOWLEDGE, SKILLS, AND ABILITIES: • Able to create a strong investment team with complementary skill sets, and that works seamlessly in the fulfillment of investment objectives. • Strong interpersonal skills, and the ability to communicate effectively, both orally and in writing, with all levels of management, as well as with stakeholders. • Able to work both independently and collaboratively on complex assignments. A self-motivated problem solver with strengths in planning, monitoring, organizing resources, and who has the flexibility to meet changing priorities. • Proficiency with market data systems, and with Microsoft Office Suite. • Strong investment analysis and portfolio management skills, with a demonstrated track record of success in managing and leading portfolios within risk/return guidelines. • Significant investment experience with building a portfolio that includes a significant allocation to alternative asset classes, including private equity, hedge funds, and private real assets. • An understanding of, and experience working with, defined benefit plans, including knowledge of the accounting, regulatory, and prudent manager requirements associated with such plans. • Able to produce concise, well written reports and analyses that meet the needs of diverse audiences, and to present those reports with strong oral presentation skills.
REQUIREMENTS: • Completion of a Bachelor’s degree in Accounting, Finance, Business Administration, or a related discipline. Chartered Financial Analyst and/or MBA or equivalent Master’s degree preferred. • 10+ years professional experience in managing and leading an investment program at a large (at least $3 billion assets under management), complex organization. • Demonstration of commitment to ethics and knowledge of prudent investment policies and principles, through either the designation as a CFA or similar professional designation, or through extensive relevant experience. • 10+ years experience in managing a professional staff. • Demonstrated ability to effectively lead an investment team to collaborate on investment ideas, implement best practices in investment management, set expectations, hold members of the team accountable, and help in individual growth and development.
WHERE TO APPLY: Applicants MUST submit a completed DC2000 Employment Application, letter of interest discussing eligibility and qualifications, and resume via email to firstname.lastname@example.org. To view this announcement in its entirety, please go to https://dcrb.dc.gov/newsroom/job-announcements. This position will remain open until filled.