SUMMARY: The individual who occupies this position will provide oversight of public markets managers, which currently includes domestic and international equity managers, core fixed income and high yield managers and the OP&F cash management program; As well as oversight of private markets direct lending managers.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
Reviews managers' portfolios for compliance with guidelines and reports discrepancies for necessary changes.
Reports on public equity, public
fixed income, master limited partnerships, and private direct lending markets
and managers to the Investment Committee and the Board.
Participates in the public markets and private markets debt structure reviews and searches, including performing extensive due diligence and preparing and presenting recommendation materials to the Investment Committee/Board
Monitors trading costs via Zeno and follow-up on any potential enhancements or required corrective actions with external managers.
Participates in transition trading cost analysis, decisions and implementations.
Reviews and selects
Monitors manager compliance with the Boardís Investment Manager Monitoring and Evaluation Policy for all public portfolio managers and prepares a summary report to the Investment Committee. Must report manager status and communicate all violations to managers and follow up on corrective actions.
Reviews public equity, public fixed income, and private direct lending managers on an ongoing basis and makes recommendations to the Investment Committee on a rating for each manager.
Prepares and presents semi-annual proxy voting report to the Board.
Prepares and presents semi-annual report to the Board on securities lending generally, as well as managersí compliance, market utilization, and performance. Network with pension fund peers and Federal Reserve Banks on securities lending trends and changes.
Monitors banking and custodial relationships as assigned by the Ohio Treasurer for contract compliance, and ensuring collateral values meet or exceed requirements and reporting is timely and accurate.
Monitors and tracks manager compliance with Boardís Iran and Sudan Divestment Policy for all public portfolio managers and prepares a summary report to the Investment Committee.
SUPERVISORY RESPONSIBILITIES: Directly supervises two employees in the Investment Department. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.
QUALIFICATIONS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE: Bachelorís degree
(B.A.) from an accredited college or university in a related field and seven
years of relevant investment experience; or a Master's degree (M.A.) or
equivalent in a related field with at least five years related investment
experience and/or training.
LANGUAGE SKILLS: Ability to read, analyze, and interpret common scientific and technical journals, financial reports, and legal documents. Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community. Ability to write speeches and articles for publication that conform to prescribed style and format. Ability to effectively present information to top management, public groups, and/or boards of directors.
MATHEMATICAL SKILLS: Ability to apply advanced mathematical concepts such as exponents, logarithms, quadratic equations, and permutations. Ability to apply mathematical operations to such tasks as frequency distribution, determination of test reliability and validity, analysis of variance, correlation techniques, sampling theory, and factor analysis.
REASONING ABILITY: Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
CERTIFICATES, LICENSES, REGISTRATIONS: Must have or be eligible to obtain the Ohio State Retirement System Investment Officer (SRSIO) license prior to offer. In order to apply for the SRSIO license, the candidate must pass either the series 63, 65 or 66 exams, or pass level one of the CFA, or be a CFA, a CFP, a CFC, a CIC or a CPA with a personal financial specialist designation. CFA or CAIA preferred.
PHYSICAL DEMANDS: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit and talk or hear. The employee is occasionally required to stand, walk, and reach with hands and arms. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, and ability to adjust focus.
WORK ENVIRONMENT: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.