VC Director @ The Rockefeller Foundation in New York City, NY

The Director of Marketable Investments (“Director”) will support the mission of the Investments Office, ensuring that The Rockefeller Foundation’s approximately $6 billion endowment is invested in a manner that generates superior risk-adjusted returns to (i) provide steady funding for program spending, and (ii) preserve real value, all while maintaining alignment with the Foundation’s overall mission.

Reporting to the Managing Director, Investments, the Director’s responsibilities will primarily focus on providing portfolio management support and coverage across the Marketable Investments portfolio (Public Equity, Hedge Funds, Portable Alpha, Fixed Income, and Cash). The responsibilities of this position can be summarized in two categories: (i) portfolio management and external manager evaluation/due diligence, and (ii) other responsibilities across the Investments Office.

Pay Range: $300,000 – $346,000. This represents the present low and high end of the Foundation’s pay range for this position. Actual pay will vary based on various factors, including but not limited to experience.

Work Schedule: This role is on a hybrid work schedule and required to be in the office on Mondays, Tuesdays, Wednesdays, and Thursdays. The position is based in New York, NY, with frequent travel expected.

Principal Duties And Responsibilities

Portfolio Management and External Manager Evaluation and Due Diligence

• Work closely with the lead portfolio manager for Marketable Investments (Managing Director) to drive the investment due diligence process for existing and prospective managers, including leading the process in select situations, conducting detailed due diligence on manager materials, executing qualitative and quantitative analyses, writing investment recommendations, and monitoring the current portfolio.
• Collaborate with the lead portfolio manager to develop and propose investment strategies for the Marketables portfolio.
• Provide back-up portfolio management coverage across the Marketables portfolio, including developing and managing relationships with, and serving as an assigned point person for, select managers.
• Source prospective managers through various network channels; cultivate relationships with superior managers for proposed additions to the portfolio.
• Oversee valuation, performance measurement, and risk analysis for the Marketable portfolio.
• Contribute to preparing and delivering portfolio strategy updates to internal staff and the Investment Committee.
• Consistently work to evolve best practices in evaluating external managers.
• Provide input on investment decisions regarding selecting and terminating managers across asset classes.
• Oversee and conduct ongoing research on trends in marketable investments.
• Maintain relationships with other peer investors responsible for marketable portfolio investing.

Other Responsibilities

• Aid in determining overall endowment strategy, including asset allocation decisions and asset class focus areas.
• Supervise the Investment Analyst for the marketable portfolio, and serve as a mentor to and resource for analysts within the Investments Office.
• Represent RF at external meetings and industry conferences.
• Collaborate with portfolio managers and the broader team on the development of investment strategy papers and presentations for the CIO and Investment Committee, and other stakeholders (written and oral).
• Contribute to special projects as required.

Education, Experience, And Skills

• Direct professional experience in financial and investment analysis, and a broad understanding of institutional portfolio management.
• Minimum of 8 years of related professional experience.
• Bachelor’s degree.
• Excellent oral and written communication skills.
• Ability to travel frequently.

Qualifications And Competencies

• Data Oriented: Consistently achieves results by approaching work informed by data.
• Directs Work: Provides direction, delegates, and removes obstacles to get work done.
• Manages Complexity: Makes sense of complex, high quantity, and sometimes contradictory information to effectively solve problems.
• Strategic Learning: Actively learns through experimentation when tackling new problems, using both successes and failures as learning fodder.
• Values Differences: Recognizes the value of different perspectives, commits to being self-aware and respectful, and seeks to learn from new and different voices.

The Rockefeller Foundation offers a comprehensive and competitive benefits package that includes health insurance programs, tuition reimbursement and student loan repayment, a generous 401K, parental leave, and various forms of paid time off, all to help our employees feel energized, cared for, and engaged.

The Rockefeller Foundation is committed to the principles of equal employment opportunity and compliance with all federal, state, and local laws concerning employment discrimination, including the Americans with Disabilities Act. To this end, the Foundation ensures equal opportunity to all employees and applicants regardless of race, color, age, gender, sexual orientation, religion, marital status, national origin or ancestry, citizenship, lawful alien status, physical, mental, and medical disability, veteran status, liability for service in the United States Armed Forces, or any other protected status.

The Rockefeller Foundation is an Equal Opportunity Employer.