Deputy Chief Investment Officer - Pensions

Description de l'entreprise

A best-in-class city that attracts best-in-class talent, Philadelphia is an incredible place to build a career. From our thriving arts scene and rich history to our culture of passion and grit, there are countless reasons to love living and working here. With a workforce of over 30,000 people, and more than 1,000 different job categories, the City of Philadelphia offers boundless opportunities to make an impact.

As an employer, the City of Philadelphia values inclusion, integrity, innovation, empowerment, and hard work above all else. We offer a vibrant work environment, comprehensive health care and benefits, and the experience you need to grow and excel. If you're interested in working with a passionate team of people who care about the future of Philadelphia, start here.

What we offer

* Impact - The work you do here matters to millions.

* Growth - Philadelphia is growing, why not grow with it?

* Diversity & Inclusion - Find a career in a place where everyone belongs.

* Benefits - We care about your well-being.

Agency Description

The City of Philadelphia Board of Pensions and Retirement ("Board") was created by the 1951 Philadelphia Home Rule Charter ("Charter") as an independent board, that is, one not connected to any particular City department. The composition of the Board, spelled out in the Charter, includes nine voting members and one non-voting member. The Board is vested under state law, the Charter and City ordinances to be trustees of the Plan, with exclusive authority and full powers to control and manage the Plan's investments ("Fund").

Description du poste

Position Summary

The City of Philadelphia Board of Pensions and Retirement, with defined benefits assets exceeding $10 billion and deferred compensation assets exceeding $2 billion, is seeking a Deputy Chief Investment Officer ("DCIO").

Reporting to the Chief Investment Officer ("CIO"), the DCIO serves as the second-ranking member of the Investment Office and plays a central role in the management and oversight of the Fund. The DCIO supports the CIO in developing and executing the Fund's investment strategy, asset allocation, and investment policy; leads the sourcing, due diligence, and monitoring of external investment managers across public and private asset classes;

and oversees portfolio risk management, performance measurement, and reporting to the Board and its committees.

The DCIO helps lead and develop the Investment Staff, works closely with the Fund's investment consultant(s), custodian, and other service providers, and serves as acting CIO in the CIO's absence. The successful candidate will be a seasoned institutional investor with sound judgment, strong fiduciary values, and the ability to communicate complex investment matters clearly to a public board of trustees and other stakeholders.

Essential Functions

* Support the CIO in the development, implementation, and ongoing review of the Fund's investment policy statement, strategic and tactical asset allocation, and overall investment strategy. This includes oversight across both defined benefit and deferred compensation plan assets.

* Lead the sourcing, due diligence, selection, and ongoing monitoring of external investment managers across asset classes, including public equity, fixed income, private equity, private credit, real estate, real assets, and other alternative investments.

* Oversee portfolio construction, rebalancing, liquidity, and cash flow management to ensure the Fund is positioned consistent with policy targets and benefit payment obligations.

* Oversee the Fund's risk management program, including the identification, measurement, and monitoring of market, credit, liquidity, and operational risks.

* Oversee performance measurement and attribution analysis; prepare and present investment memoranda, performance reports, and recommendations to the CIO, the Board, and its committees.

* Manage, mentor, and develop investment staff; foster a collaborative, high-performing, and ethical team culture.

* Coordinate with the Fund's investment consultant(s), custodian bank, actuary, legal counsel, and other service providers.

* Negotiate and review investment management agreements, fee structures, and side letters in coordination with legal counsel.

* Monitor capital markets, economic conditions, and industry developments, and assess their implications for the Fund.

* Ensure investment activities comply with applicable laws, City ordinances, Board policies, and fiduciary standards.

* Represent the Investment Office before the Board, City officials, and external parties as needed.

* Supervise & manage two (2) administrative employees which includes: planning, directing, and organizing the day-to-day activities of the Investment Office; facilitating current assignments and special projects; ensure completion of all duties in a timely manner

* Perform other related duties as assigned.

Competencies, Knowledge,

Skills and Abilities

* Deep knowledge of institutional investment…