Managing Director, Investments

Department Investment Office of the Chief Investment Officer About the Department The Office of Investments is responsible for managing the investment assets of the University with the oversight of the Investment Committee of the Board of Trustees. The endowment invests in diversified asset classes including global stocks and bonds, real assets, private equity, and absolute return strategies. We believe long-term success is facilitated by our core principles: Seek strong alignment and shared mission across all endowment constituents (Investment Committee, Board of Trustees, Administration, etc.). Emphasize equity-oriented strategies in order to achieve long-term return objectives. Embrace University's perpetual investment horizon to access the benefits of longer-term and illiquid strategies. Calibrate exposure to illiquidity carefully, balancing opportunities against portfolio and stakeholder’s liquidity needs. Reduce volatility and portfolio risks by maintaining adequate exposure beyond growth assets in defensive, inflation sensitive, and diversifying assets. Remain consistently invested in the long-term strategy over time as adding value through large-scale tactical allocation decisions is unreliable. Employ a proactive, opportunistic investment process targeting high risk-adjusted returns by concentrating in high conviction themes. Build deep, long-term relationships with the world’s best investment managers as trusted thought leaders. Job Information Job Summary: The Managing Director reports to the Vice President and Chief Investment Officer and oversees a global portfolio of inflation-sensitive investments and develop strategies for the asset class to achieve desired risk/return objectives and to help maximize the endowment’s long-term investment performance. This position is responsible for leading portfolio investment decision-making activities that support the long-term investment objectives for the University, and the management of a team of professional staff. Works in close collaboration with team members across other asset classes and strategies in informing active asset allocation of the Total Return Investment Pool (TRIP) and other pools of capital. Serves as an expert professional in manager due diligence and on-going monitoring of the University’s investments. Considers and approves investment recommendations. Prepares and delivers verbal and written presentations to the Investment Committee. Responsibilities: Develop and implement a long-term global investment strategy and primarily responsible for management of marketable and non-marketable inflation sensitive portfolios, including real estate and real assets, within TRIP. Identify compelling investment opportunities, completing due diligence, negotiate terms and conditions, monitoring results and developing appropriate exit scenarios. Monitor and manage relationships with existing external investment managers, research broad investment trades, and evaluate and select new external managers. Oversee 1-3 direct reports including recruiting, retaining, training and motivating. Manage diversification of portfolio by asset class, partnerships, manager style, industry, vintage year, life cycle, and geography. Forecasts allocations based on investment activity and direct pace of future investing. Prepare and present recommendations regarding new investment opportunities and asset class updates to the Investment Office Staff, as well as presenting regularly to the Investment Committee. Assist in building the team's reputation for professional excellence and credibility both inside the University of Chicago and throughout the investment management community. Perform related responsibilities as required. Competencies: A proven investor with a minimum of 10 years of relevant experience working as a direct investor, or manager of managers in an institutional, family office or plan sponsor workplace. Experience investing globally is highly valued. Superior analytical skills and a proven track record of incorporating quantitative and qualitative inputs. Think strategically, analyze critically, and synthesize and effectively communicate complex strategies. A proven relationship builder with a strong network in the institutional investor community. Ability to be constructively challenging, skillfully diplomatic, and respectfully debate. Experience constructing and executing investment and asset allocation strategies across a broad portfolio managed by a team. dentify and manage risk within a portfolio. A demonstrated leader with the confidence and professional credibility to cultivate relationships with both internal and external constituents, and to make effective oral presentations representing the University of Chicago in a highly professional manner. Previous experience in managing, training, and developing professionals who support decision making. Excellent judgement, high integrity and personal values consistent the values articulated by the University of Chicago’s leadership. An energetic, hardworking individual with a proven track record as a collaborator. A high level of intellectual curiosity. A team player who is easy to get along with and is comfortable working across teams. An interest in supporting the work of a university endowment. Additional Requirements Education, Experience or Certifications: Education: Bachelor's degree required. MBA or advanced degree in finance, economics, or related field preferred. Experience: 10 years of progressively responsible professional experience in investment management required. Staff management experience preferred. Certifications: Chartered Financial Analyst (CFA) designation. Working Conditions and Physical Requirements: Office setting. Travel in US and internationally; 20-60% of the travel dependent on time of year, generally to attend annual meetings in the spring and fall. Required Documents: Resume/CV Cover Letter When applying, the document(s) MUST be uploaded via the My Experience page, in the section titled Application Documents of the application. Benefit Eligibility Yes Requires Compliance with University Covid-19 Vaccination Requirement Yes Pay Frequency Monthly Pay Range Depends on Qualifications Scheduled Weekly Hours 37.5 Union Non-Union Job is Exempt Yes Drug Test Required No Motor Vehicle Record Inquiry Required No Health Screen Required No Posting Date 2022-07-21-07:00 Remove from Posting On or Before 2023-01-21-08:00 Posting Statement: Employees must comply with the University’s COVID-19 vaccination requirements. More information about the requirements can be found on the University of Chicago Vaccination GoForward. The University of Chicago is an Affirmative Action/Equal Opportunity/Disabled/Veterans Employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national or ethnic origin, age, status as an individual with a disability, protected veteran status, genetic information, or other protected classes under the law. For additional information please see the University's Notice of Nondiscrimination. Staff Job seekers in need of a reasonable accommodation to complete the application process should call 773-702-5800 or submit a request via Applicant Inquiry Form. We seek a diverse pool of applicants who wish to join an academic community that places the highest value on rigorous inquiry and encourages a diversity of perspectives, experiences, groups of individuals, and ideas to inform and stimulate intellectual challenge, engagement, and exchange. All offers of employment are contingent upon a background check that includes a review of conviction history. A conviction does not automatically preclude University employment. Rather, the University considers conviction information on a case-by-case basis and assesses the nature of the offense, the circumstances surrounding it, the proximity in time of the conviction, and its relevance to the position. 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