Chief Risk Officer

1 day left

ND Retirement and Investment Office
Bismarck, North Dakota
Base salary plus benefit package
Aug 18, 2021
Sep 17, 2021
Industry Sector
Employment Type
Full Time

The ND Retirement and Investment Office (RIO) has an opening for a Chief Risk Officer in our investment division. RIO offers rewarding work and career development opportunities. We are looking for a seasoned investment professional who is highly motivated, analytical and ready to contribute to our high-performing team.

We offer a comprehensive benefit package including fully-paid family health insurance, pension plan, annual and sick leave, and a variety of voluntary insurance options:

Summary of Work

  • Develop and oversee policies, systems, procedures and tools to identify, assess and monitor investment risk in the investment portfolios. This will include sourcing, evaluating, implementing and maintaining technologies and/or systems to facilitate risk management endeavors.
  • Directs and performs quantitative and qualitative analyses to evaluate the different risks in the investment portfolios and the potential impact of proposed portfolio changes. This undertaking may also include designing and developing new analytics and quantitative tools/models to measure and evaluate investment risk and/or enhance the investment process.
  • Develops and prepares investment risk reports and presents key findings to the Investment Team and/or the State Investment Board.
  • Lead research projects to enhance and/or optimize the investment portfolios. Topics of research may include asset classes, investment strategies, investment managers and benchmarks.
  • Direct and conduct research and analyses involved in the evaluation, selection, and monitoring of investment managers. Endeavors may include leading meetings and calls with existing and prospective investment managers (or consultants/advisors), performing in-depth portfolio/strategy analyses and organizational assessments.
  • Collaborate with senior Investment Team members to manage portfolio construction, asset allocation, manger selection, rebalancing, and tactical/strategic allocations.
  • Direct and mentor junior team members. Assign, oversee and review junior team members’ work on key projects.

Minimum Qualifications

  • Bachelor’s degree in economics, finance, accounting, mathematics, or business (or a closely related field from an accredited college or university) and a minimum of ten years of progressively relevant investment or risk management experience with a public pension plan, foundation/endowment, trust organization, financial consulting firm or other institutional investor.
  • Advanced degree in finance, economics, or business (or closely related field) or advanced certification such as CFA, CAIA, or FRM may substitute for two years of the required work experience.
  • An in-depth understanding of investment vehicles, portfolio theory, capital markets and the investment process.
  • A high degree of proficiency with windows-based software for spreadsheets, word processing, database management, and investment-related software.

Preferred Qualifications

  • Effective oral, written, and interpersonal communication skills. 
  • The ability to use software programs to collect, evaluate and disseminate information relating to investment opportunities is also highly valued.
  • Experience performing asset class and manager research across both traditional and alternative asset classes;
  • Experience evaluating and monitoring external investment managers to ensure adherence with established parameters for investment type, return and risk.

Application Procedures

Apply online at Applicants must submit a completed online application, resume, and cover letter by the closing date to be considered for this position. The cover letter must include a detailed summary of how the applicant meets the minimum and preferred qualifications of this position.

Applicants must be legally authorized to work in the United States.

A criminal history record check, including fingerprinting, will be conducted on the successful candidate prior to hiring per NDCC 12-60-24.

Please contact Hope Wedul at (701) 328-3357 for questions or assistance in the application process or Eric Chin at (701) 328-9920 or for questions about the position.

ND Relay Number 1-800-366-6888

Equal Employment Opportunity

The State of North Dakota and this hiring agency do not discriminate on the basis of race, color, national origin, sex (including sexual orientation and gender identity), genetics, religion, age or disability in employment or the provisions of services and complies with the provisions of the North Dakota Human Rights Act.

As an employer, the State of North Dakota prohibits smoking in all places of state employment in accordance with N.D.C.C. § 23-12-10.