Director, Deputy Chief Investment Officer (Stamford, CT)

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Director, Deputy Chief Investment Officer (Stamford, CT)

The Director, Deputy Chief Investment Officer is responsible for the full spectrum of investment related activities for the US firm’s qualified and non-qualified retirement plans, including investment strategy development, portfolio construction, investment manager evaluation and selection, and performance and regulatory reporting. The firm’s various retirement plans represent approximately $28.2B assets under management as of December 31, 2024, segregated as follows : Partner DBRP - $2.8B; Staff DBP - $2.3B; Inactive DBRP - $2.2B; HR10 - $2.5B; Rabbi Trusts - $281M; 401(k) - $18.2B.

The Opportunity

Reporting to the Chief Investment Officer (CIO), the position has three primary functions as related to the firm’s investment activities : (1) develops and provides investment strategy recommendations; (2) manages all operational aspects of the investment plans and strategy, including implementing investment structure; and (3) leads two or three direct reports.

The ideal candidate will be a thought partner to the CIO and a strong strategic planner. This individual will also have a diverse investment management background and people management skills. The Deputy Chief Investment Officer reports to the Chief Investment Officer and assists in developing and implementing investment policies.

Your key responsibilities :

• Address complex, unique problems specific to pension / retirement plans. Ensure all operational decisions comply with the internal control framework established by the Retirement Investment Committee (RIC), Americas and Global Independence, and legal requirements established by various regulatory bodies.
• Have a significant level of autonomy in interpreting US pension rules and regulations.
• Analyze new legal and regulatory developments impacting EY’s retirement plans / investment strategy.
• Oversee compliance with firm and regulatory policies and rules, focusing on process improvement and policy development regarding investments.
• Review existing policies and procedures as needed, identify areas of weakness or improvement, implement change and share knowledge with the RIC as appropriate.
• Optimize the investment performance of assets within a framework, considering benchmarks (i.e. relative performance), risk parameters, asset allocation constraints, and asset / liability matching.
• Manage the review of asset-liability results with the third-party investment consultant and develop asset allocation policy recommendations for RIC approval.
• Lead the tactical asset allocation process, drive change and sophistication into the investment process, and provide managerial support for the CIO.
• Continuously seek and lower cost allowable structures for all investment strategies.
• Prepare monthly rebalancing recommendations which incorporate current and future cash flows for approval by the CIO.
• Lead and manage special projects.
• Develop quantitative and qualitative evaluation metrics to conduct initial in-depth due diligence (including operational due diligence) and ongoing monitoring of key service providers.
• Manage risk, including but not limited to total portfolio risk metrics, effectiveness of liability hedging assets, manager exposures, holding exposures, monitoring securities lending program and counterparty risk.
• Work with Americas and Global Independence to ensure all investments and third-party service providers are not proscribed and all investments are in compliance with joint investing considerations.
• Manage all performance measurement, including developing policy benchmarks, fund benchmarks, and peer group comparisons.
• Ensure the retirement plans have adequate liquidity to meet benefit obligations timely.

This position may directly supervise one or two additional staff members in the near term. Due to the nature of the position, the individual will also help manage the firm’s relationships with the external investment consultant (HEK) and the myriad of individuals who manage the portfolios / funds in which the firm and its personnel invest.

To qualify for the role, you must have :

What we offer :

We offer a comprehensive compensation and benefits package where you’ll be rewarded based on your performance and recognized for the value you bring to the business. The base salary range for this job in all geographic locations in the US is $192,900 to $382,000. The salary range for New York City Metro Area, Washington State, and California (excluding Sacramento) is $231,500 to $434,100. Individual salaries within those ranges are determined through a wide variety of factors including but not limited to education, experience, knowledge, skills and geography. In addition, our Total Rewards package includes medical and dental coverage, pension and 401(k) plans, and a wide range of paid time off options. Join us in our team-led and leader-enabled hybrid model. Our expectation is for most people in external, client serving roles to work together in person 40-60% of the time over the course of an engagement, project or year. Under our flexible vacation policy, you’ll decide how much vacation time you need based on your own personal circumstances. You’ll also be granted time off for designated EY Paid Holidays, Winter / Summer breaks, Personal / Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.

EY accepts applications for this position on an ongoing basis. If you can demonstrate that you meet the criteria above, please contact us as soon as possible.

EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to

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Salary : $192,900 - $382,000