Chief Investment Officer; CIO; Office Treasurer & Tax Collector

The Chief Investment Officer (CIO) is responsible for overseeing the investment and management of the City and County’s $19+ billion Treasurer’s Investment Pool, ensuring compliance with legal and fiduciary obligations while maximizing returns within risk parameters. The CIO manages and implements an asset/liability investment strategy with a focus of matching asset maturities to know portfolio outflows within the maximum asset maturity limit of 5 years per the California Investment code, monitors and oversees the Treasurer’s Investment Pool cashflow profile and cash forecasting models, monitors market conditions, and ensures the safety, liquidity, and performance of portfolio funds in alignment with statutory requirements and the City and County’s investment policies.

• Maintain and execute an investment strategy of asset/liability management that aligns with the City & County’s investment mandates of safety of principal, liquidity needs, and risk tolerance.
• Manage a diversified portfolio, ensuring prudent asset allocation and risk management.
• Monitor market conditions, interest rate trends, and economic indicators to make informed investment decisions consistent with the asset/liability strategy as well as consideration of their impact on the City and County’s cashflow profile and potential changes to liquidity needs.
• Develop and maintain the Treasurer’s Investment Pool cashflow profile and five-year cash forecasting models using historical data as well as information provided by the various Pool participants.
• Manage the Pool’s duration/average maturity consistent with its liquidity needs through utilization of the duration optimization methodology.
• Conduct performance analysis and identify potential opportunities to optimize portfolio returns while maintaining the asset/liability strategy and minimizing overall portfolio risk.
• Maintain applicable securities broker and dealer relationships to affect efficient securities trade execution defined as lowest cost as well as ensuring proper and adequate coverage of the fixed income markets.
• Understand trading costs and employ a trading strategy consistent with trade and portfolio size in achieving best execution of lowest cost to the City and County.
• Provide expert knowledge to other City agencies, including the investment of funds outside of the City’s Pool for other City departments on projects involving investment services.

• Ensure investments comply with federal, state, and local laws governing public funds, as well as the internal investment policies of the City and County.
• Maintain fiduciary oversight of treasury investments, upholding ethical and legal obligations.
• Prepare and present investment reports to the City and County’s Credit and Investment Committee, Treasury Oversight Committee, the Board of Supervisors, and the Pool’s participants as requested.
• Develop and maintain the City and County’s investment policies and procedures for investment risk management, including credit, liquidity, and market risks.
• Advise the Investment and Credit Committee of any events or development that potentially may impact the Pool’s liquidity needs and threats to maintaining safety of the Pool’s principal.

• Provide regular updates on portfolio performance, market conditions, and an explanation of the investment strategy to participants of the Pool.
• Collaborate with auditors, legal advisors, and financial consultants to ensure transparency and regulatory compliance.
• Present investment recommendations and risk assessments to government boards and committees.
• Ensure the timeliness and accuracy of the various reports…