Chief Investment Officer

The Chief Investment Officer reports to the City Treasurer and is responsible for overseeing the Investments Division for the Department. The Investments Division is responsible for the management of the City's pooled investment fund of approximately $2.8 billion in accordance with the City Treasurer’s Investment Policy. The investment portfolios are comprised of fixed income investment vehicles and are managed to meet near-term cash flow needs; the Division also separately manages the investment of bond proceeds in accordance with the respective indenture agreements. The Investments Division also manages the bank services relationships for the City Treasurer banking agreements and participates in the review, implementation and monitoring of all electronic banking services, ecommerce systems, and third-party payment processing services. The Chief Investment Officer supervises a team of three: Senior Investment Officer, Assistant Investment Officer, and Investment Assistant. In accordance with the City’s telework policy, hybrid work options are available.

Key Areas Of Responsibility

Manage and oversee all facets of the Investments Division, including:

• Prudently manage all investment activity for the City’s operating and capital improvements funds to meet daily cash flow requirements and to meet or exceed benchmark earnings, while maintaining strict compliance with the City Treasurer's Investment Policy (IP)
• Oversee the development and implementation of the investment strategy for the City Treasurer’s investment pool
• Direct the Division’s in-house credit analysis on all portfolio credit holdings and summary reports for the City Treasurer
• Facilitate the semi-annual meetings of the City Treasurer’s Investment Advisory Committee creating the agenda, drafting the minutes and creating presentations on the Investment Outlook and the Pool’s performance
• Provide annual updates to City Council for proposed IP changes in accordance with federal, state, and local laws, and request annual delegation of authority
  Issue monthly reports of investments to Council in accordance with CGC requirements
• Direct the preparation and analysis of short-term and long-term cashflow projections and trends
• Develop the annual interest earnings forecast for the City Treasurer’s pooled investment fund and mid-year revision
• Serve on the City’s finance team for all new bond issues, manage the investment of bond proceeds, as requested, to meet performance return goals and budgetary earnings objectives
• Develop and maintain relationships with fixed income brokers, bankers, investment software vendors and other public finance professionals
• Furnish and review investment data provided in Preliminary Official Statements, Official Statements, the City’s Annual Comprehensive Financial Reports, and other reports provided to external stakeholders as requested
• Oversee the City Treasurer’s banking relationships and agreements, all related Request for Proposals and contract extensions, and review monthly banking analysis for accuracy, allocating costs as appropriate citywide
• Participate in City’s maintenance with PCI compliance by providing ongoing training to City’s cash handlers and performing policy conformance checks for deposit location accepting credit cards citywide
• Provide expert support and guidance on citywide projects related to electronic payments, ecommerce systems, and third-party payment processing services, and evaluate new payment technology to effectively collect revenue citywide
• Consistently review all processes for efficiencies while maintaining strong internal controls
• Make presentations to the City Council and council committees and at various civic, community, professional and business forums

Minimum Qualifications

• Bachelor’s degree and/or master’s degree in finance or a related field, AND
• At least seven (7) years of progressively responsible portfolio management experience.
• Any combination of education and experience that demonstrates these qualifications may be qualifying.

Desirable Qualifications

The ideal candidate will possess the following qualifications:

• Demonstrated success in the direct management of a fixed income portfolio of comparable size
• Competency in exercising fiduciary responsibilities to protect the interests of the City, tax and rate payers, and the public
• A commitment to public service and fiscal responsibility
• Experience with Bloomberg or comparable systems
• Advanced degree and/or designation as a Chartered Financial Analyst or Certified Treasury Professional
• Strong quantitative analytical abilities, including a thorough understanding of common data analysis tools and programs
• Excellent writing and communication skills
• Strong interpersonal leadership skills, with the ability to successfully interact with a wide variety of stakeholders
• Ability to communicate complex and technical information in a simple, clear and straightforward manner, including the use of graphs and tables as needed
• Ability to communicate effectively to different audiences, including elected officials, various levels of City management and members of the public
• Ability to comprehend technical details and understand how they relate to and impact the “big picture”
• Ability to work both independently and as part of a team in a fast-paced, high-pressure environment with tight time constraints
• Strong leadership skills and demonstrated ability to mentor employees
• Interest in municipal activities and services and how they impact the community
• Highly ethical and objective, with the ability to navigate in a political environment without being political
• Motivated with the ability and desire to take initiative