CHIEF INVESTMENT OFFICER

:

Supplemental Information

Louisiana State Treasurer's Office Baton Rouge, Louisiana

The Louisiana Department of Treasury has one vacancy located in the Investments Division.

Treasury's Investments Division manages over $16.4 billion in investments in over 30 portfolios. These funds range in size and include the funds that make up the state's general fund and state trust funds for health care, education, and transportation. The Investments Division also manages the investments in the START college savings program.

The Chief Investment Officer is responsible for administering the investment programs of the State of Louisiana Department of Treasury Investment Division by initiating prudent and profitable trading of fixed income and/or equity securities in order to satisfy the cash management and long-term needs of various investment needs related to state government.

The salary offered will be commensurate with the qualifications and experience of the candidate selected. Offers of employment are contingent upon pre-employment requirements being met including, but not limited to, drug screen, background check, previous employment verification and/or references, education and qualification verification, etc.

APPLICATION PROCESS: No Civil Service test score is required to be considered for this vacancy.

Applicants are responsible for checking the status of their application to determine where they are in the recruitment process. Further status message information is located under the Information section of the Current Job Opportunities page.

Resumes WILL NOT be accepted in lieu of completed education and experience sections on your application. Applications may be rejected if incomplete. Applicants qualifying based on college training or receipt of a baccalaureate degree will be required to submit an official college transcript to verify credentials claimed prior to appointment. Please make every effort to attach a copy of your transcript to your online application. For further information about this vacancy contact: John Broussard, Chief Investment Officer View email address on us.fitly.work or Kayla Kirby, Human Resources Director View email address on us.fitly.work The Louisiana Department of Treasury is a Substance Abuse and Drug-Free workplace. As an Equal Opportunity Employer, the State Treasurer's Office is committed to a diverse and inclusive workplace prohibiting discrimination on the basis of any non-merit factor. The Louisiana Department of Treasury is a State as a Model Employer (SAME) agency that supports improved employment opportunities for individuals with disabilities. For more information on employment-related resources available for those with disabilities, refer to the Louisiana Employment Resources Guide at (Download PDF reader) . All prospective new hires will be subject to employment eligibility verification via the Federal Government's E-verify system.

Qualifications

MINIMUM QUALIFICATIONS: A Master's degree in accounting, business administration (MBA), finance, economics, statistics, or mathematics plus ten years of professional level experience in investments. SUBSTITUTIONS: Designation as a Chartered Financial Analyst (CFA) will substitute for the required master's degree. A Ph.D. in accounting, business administration, finance, or economics will substitute for two years of the required experience. Designation as a Chartered Investment Counselor (CIC), Certified Investment Management Analyst (CIMA), Chartered Market Technician (CMT), Certified Public Accountant (CPA) and/or Personal Financial Specialist (PFS), a Certified Treasury Professional (CTP), or a Certified Fund Specialist (CFS) will substitute for one year of the required experience. NOTE: Any college hours or degree must be from an accredited college or university.

Job Concepts

The chief investment officer is the executive position responsible for setting the investment style and strategy of the State Treasury's investments and portfolios. The chief investment officer oversees the management of all of Treasury's investments. Depending on the type, size and style of the portfolio, the Chief Investment Officer may directly oversee investments, or manage a team of professionals with this responsibility. The CIO may also choose to recommend to the Treasurer to outsource some or all investments to an outside sub-manager. Broadly, the Chief Investment Officer is responsible for these activities: sourcing, managing, and monitoring investments; establishing investment policy statements; and working with internal and/or external portfolio managers, analysts, and portfolio beneficiaries.

Examples of Work

Leads the Investment Division staff in all of the following areas: Preparation of the required reporting to OSRAP in compliance with Government Accounting Standards Board Statements 34, 40, 72 and 90. Performing highly advanced, complex asset management work on multiple large investment portfolios. Researching, analyzing, and evaluating securities and other investment information to implement approved investment policies and programs. Working with extensive latitude for the use of initiative and independent judgment. Responsible for investment risk management modeling related to all funds managed. The performance of complex modeling of strategic and tactical asset allocation, risk management, measurement, and analysis. Work includes assisting in the development of strategic and tactical asset allocation; assisting in developing methodologies to identify, measure and mitigate risk exposures related to the endowment investment portfolios; assisting in defining appropriate risk measures, controls, and limits; performing advanced statistical modeling and analysis of investment risk factors; and assisting in preparing related reports and presentations. Oversee efforts to identify and implement investment strategies, overlays, or satellite exposures to maintain portfolio risk and return targets. Oversees the gathering and assessment of information from various sources, including analysis of the economy and interest rate trends, and recommends strategies for construction of large or highly complex portfolios. Oversees the purchase, sale, and hold decisions for assets in assigned portfolios. Oversees the coordination with portfolio managers on the timing of sales and purchase transactions. Oversees and/or sources, conducts due diligence, and provides management and day-to-day oversight of any external investment managers. Oversees the drafting, negotiations, and monitoring of investment management agreements and related schedules. Conducting economic studies to maintain current information on holdings and recommends additional transactions. Monitoring the performance of securities in assigned portfolios. Recommends and selects portfolio strategies and appropriate mix of securities in assigned portfolios. Actively participates in the development of new investment programs. Consults with other officers, administrators and community leaders to gain input and develop new investment programs. Develops short and long term investment policies and strategies based on management and investment objectives. Represents the State Treasurer on various Boards and Advisory Panels related to investments. Oversees the determination of the daily capital requirements of the central cash management system and the sources of funds to assure that they are sufficient to meet the daily obligations or withdrawals of funds on deposit within the purview of Treasury. Develops recommendations for Treasury on investment goals and strategies; projects cash requirements and revenues; analyzes investment trends and new investment products and practices in order to improve current practices and investment yield. Meets with State Treasurer, the First Assistant State Treasurer, and other division heads to review the investment, cash management and collateral practices of Treasury. Represents Treasury Department in negotiating any proposed cash management practices with outside vendors regarding cash management funds. Reviews, recommends and discusses proposed legislation that would influence the state's cash management, investment or collateralization programs. Advises state agencies on establishment of bank accounts necessary for program needs and also utilize the most efficient cash management methods for the benefit of the state. Reviews laws and practices regarding the acceptability of securities for state funds. Reviews new securities with various securities industry professionals regarding their eligibility as portfolio investment opportunities or their use as collateral. Communicates pertinent information to the State Bond Commission personnel, investment bankers and other necessary persons regarding the state central cash management and investment programs to describe our approach to and accomplishments in these areas. Devises policies and procedures for recording and filing investment transactions. Prepares reports and financial statements to describe status of investments. May assign and/or supervise the work of others. Performs related work as assigned from the Treasurer and the First Assistant State Treasurer.