Open Until Filled
GENERAL DESCRIPTION:
Are you ready to take on an impactful leadership role in managing a complex and dynamic investment portfolio? We are seeking a visionary and experienced Chief Investment Officer (CIO) to lead the Investments Division and oversee the State’s sovereign wealth fund. In this key role, you will guide a talented team of 10 investment professionals, ensuring the success of the State’s investment program, consisting of $31 billion of non-pension assets, which is highly complex. The program is divided into 13 distinct pools, permanent and non-permanent funds, many with their own mandates, asset allocations, and spending policies. This is your opportunity to drive strategic growth, manage critical financial assets, and shape the future of the State’s financial health. If you’re passionate about investment management and ready for a challenging yet rewarding leadership role, apply today!
ESSENTIAL FUNCTIONS: The listed functions are illustrative only and are not intended to describe every function which may be performed in the job level.
- Ensure the Investments Division operates in alignment with the Investment Policy Statement (IPS); the Treasurer's Office’s mission, vision, and core values; and state and federal law.
- Achieve the highest risk-adjusted return within the parameters outlined in Wyoming statutes and the IPS.
- Lead the development of procedures and processes to effectively implement the IPS.
- Develop recommendations to the Treasurer and the State Loan and Investment Board (SLIB), in collaboration with the Investment Funds Committee (IFC) and RVK, on various aspects of fund management, such as investment policy, asset allocation, risk-return parameters, internal management, and manager selection and termination.
- Provide guidance and advice to the Treasurer, IFC, and SLIB on financial, economic, and political trends and developments impacting the investment program.
- Serve as a subject matter expert on investments, engaging with the IFC, SLIB, elected officials, and other stakeholders as needed.
- Report to the Treasurer, IFC, SLIB, and Legislature on investment performance and the strategic direction of the investment program. Additionally, provide testimony at legislative hearings on proposed bills that may affect the investment program.
- Oversee the daily operations of the Investments Division, supervise the internal management team, and manage the investment budget.
- Monitor and evaluate investment managers and service providers to ensure compliance with performance expectations and contractual terms, addressing any issues as needed.
- Negotiate and recommend contracts with consultants, investment managers, and service providers for the Treasurer and SLIB’s consideration.
PREFERENCES:
- Experience managing a complex institutional investment program involving multiple funds.
- Experience or demonstrated knowledge about investing in private markets.
- Experience supervising, coaching, and mentoring employees.
- Experience interacting with elected officials, including testifying at state legislative hearings.
- Certificates, Licenses, and Registrations of the following:
Chartered Financial Analyst (CFA) certification and/or an MBA (or Master's Degree or higher in a related field of study) and/or Chartered Alternative Investment Analyst (CAIA) certification, preferred.
KNOWLEDGE:
- Strong interpersonal, political, and diplomatic skills to establish positive relationships with the Treasurer and Treasurer’s Office colleagues (specifically, the Financial Accounting and Compliance teams), the IFC and SLIB members, legislators, advisors, and other stakeholders.
- Ability to explain complex financial and investment concepts in a clear and simple manner.
- Patience and composure under pressure.
- Being approachable and an active listener.
- Skilled in building consensus and negotiating compromises.
- Strong analytical and critical thinking skills to identify issues and propose practical solutions.
- Confidence to present and defend ideas while being open to feedback and adjustments.
- Willingness to have candid discussions, make tough decisions, and respectfully say “no” when necessary.
- Minimum 10 years of experience managing institutional portfolios; in excess of $500 million is required by statute, $5 billion or more preferred.
- Experience hiring and managing internal and external investment managers.
- Extensive experience in any two or more of the following asset classes: domestic equity, fixed income securities, international equity, or alternative investments.
- In-depth understanding of global economics and capital markets, investment strategies and vehicles, institutional investing principles and practices, investment operations, and investment policy development.
- Experience managing investments across various economic cycles.
- Proven track record of positive investment performance versus relevant benchmarks.
- Comprehensive knowledge of back office integration with investing.
MINIMUM QUALIFICATIONS:
Education:
Bachelor's Degree (typically in Finance/Economics/Business Administration)
Experience:
10+ years of progressive or relevant investment experience with acquired knowledge at the level of a Senior Investment Officer
PHYSICAL WORKING CONDITIONS:
- Typically, the employee may sit comfortably to perform the work; however, there may be some walking, standing, bending, carrying light items, driving an automobile, etc.
- Special physical demands are not required to perform the work.
NOTES:
- FLSA: Exempt
- This is an at-will appointment to a non-civil service position. An individual given an at-will appointment is an at-will employee who has no expectation of continued employment and may be dismissed at any time without cause or reason.
- This position is provided leave per the Executive Leave Policy.
- This position is subject to a statutory performance compensation plan.
- Candidates are required to undergo a criminal background check requiring fingerprinting.
How to apply:
With your expression of interest and application/resume.
Please contact :
Hudepohl & Associates, info@hudepohl.com
OR
(614) 854-7300
The State of Wyoming is an Equal Opportunity Employer and actively supports the ADA and reasonably accommodates qualified applicants with disabilities. #J-18808-Ljbffr