Deputy Chief Investment Officer

The State of Connecticut Treasurer's Office, Pension Fund Management Division (PFM Division), managing over $46 billion in assets, is searching for a Deputy Chief Investment Officer (Deputy CIO).   

The Chief Investment Officer (CIO) leads the PFM Division and leads a team of 25, including the Deputy CIO and Principal Investment Officers responsible for Global Equity, Global Fixed Income, Private Equity/Private Credit, Real Assets, Short-Term Investments, Liquidity, Risk Management, Operations and Portfolio Analytics, and Corporate Governance and Sustainable Investment.

Deputy CIO Responsibilities

The Deputy CIO reports to the CIO and provides support in the oversight and administration of PFM’s investment program and supervises investment staff as assigned by the CIO.  While the Deputy CIO has broad responsibilities across portfolio management, investment operations, administration, and risk management, a key area of focus is risk management, including leading current efforts to integrate ESG considerations into the investment process.   

The Deputy CIO is a thought partner and trusted colleague of the CIO.  The individual must align and support the Treasurer’s investment philosophy and policy objectives, including initiatives on diversity, inclusion, and ESG. 

The Deputy CIO must be a leader of the highest integrity.  A confident yet modest leader is desired who is effective building consensus and negotiating compromise. 

Requirement and Preferences

The Deputy CIO must have a general understanding of modern portfolio theory, portfolio construction, portfolio management, and risk management systems and controls.  Requirements and preferences include: 

Requirements

• Bachelor’s degree in finance, economics, or related field of business.
• At least ten years of relevant investment experience.
• Strong financial modeling skills to build models and analyze data from various sources.
• Excellent writing and communication skills to effectively present ideas, methods, procedures, and instructions to a wide range of audiences.
• Dedication to public service and understanding of defined benefit plans. 

Preferences

A strong background in investment strategy, asset allocation and risk management is desired.  Other preferences include:

• Advanced degree.
• CFA and/or CAIA.  
• Investment experience working in or consulting in the public sector.
• Experience managing institutional assets.
• Experience sourcing and monitoring external managers.
• Experience with a variety of private investment partnership structures.
• Awareness and understanding of ESG considerations in institutional asset management.

While public sector experience is preferred, candidates with other relevant experience will be considered.

Compensation

The Deputy CIO is an exempt position and an “at will” employee serving at the pleasure of the CIO and Treasurer.  Competitive compensation and benefits packages are designed to attract top talent from the national market.  Relocation assistance is available within established policies and procedures.    

For Additional Information or to Apply

For additional information or to apply, please contact Hudepohl & Associates, info@hudepohl.com or (614) 854-7300.

State of Connecticut is an Affirmative Action/Equal Employment Opportunity Employer.