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
analytical software.
Monitors manager compliance with the Board’s
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 managers’ 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 Board’s 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: Bachelor’s 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.