• Lead and develop the investment team and manage the external investment advisor, ensuring alignment with objectives and fostering a high-performance and mission-aligned culture
• Direct the oversight of investment and management of the Fund’s assets
• Formulate and recommend to the investment committee an overall investment strategy and long term investment portfolio for the investment, management and allocation of assets
• Evaluate and screen potential external investment managers and recommend qualified managers for retention and approval
• Continue to diversify the asset managers in the investment portfolio as part of a larger strategy to align the Foundation’s capital with its purpose
• Partner with Impact colleagues to conduct due diligence on social impact investments that serve as catalytic capital aligned with the foundation’s purpose, with a focus on increasing affordable housing and access to homeownership
• Oversee internal controls and conduct regular risk assessments of investment activities, implementing changes as necessary to mitigate risks
• Conduct ad-hoc analyses as requested by the President, Board of Directors, or other stakeholders
• Stay informed on investment trends, regulatory developments, and potential risks to proactively address emerging issues
• Direct the maintenance of financial records and principal financial accounts, ensuring accuracy and compliance with applicable standards
• Serve as the organization’s representative by engaging in thought leadership opportunities across the national investment community, by presenting at conferences and authoring publications highlighting work, and impact
• Create strong relationships with other foundations, institutional networks and partners.

Relationships

The VP/CIO reports to the President and CEO and partners closely with the board of directors, specifically the Finance and Investment Committee and the executive leadership team. As the executive responsible for stewardship of the investment portfolio, they will provide leadership, direction to, and collaboration with external partners to influence desired outcomes. 

• 15 years’ experience in investing and other related fields including at least 10 years of deep and progressive leadership and management experience
• Demonstrated track record of producing strong, risk-adjusted returns and managing large portfolios with the ability to align with mission and purpose
• Superior ethics and integrity; the person will be well respected within the investment community, not only for his/her technical skills, but also for his/her credibility and high standards of professional conduct
• Skilled in working effectively with boards, investment committees, and external advisors
• Familiar with endowment management tasks such as implementing policy, selecting and monitoring asset managers, and evaluating performance
• Experience aligning investment assets to meet financial and mission objectives and a proven understanding of the full impact of capital deployment decisions
• Ability to underwrite the unique opportunities and risks of entrepreneurial and emerging managers who have a catalytic impact on the organization’s purpose and the investment field
• Proven leadership skills with an ability to inspire when dealing with multiple constituencies and challenges; must be committed to a collaborative process, while exhibiting determination to drive an agenda needed to attain high performance
• Exceptional interpersonal, written and verbal communication skills; with the confidence and maturity to articulate complex investment issues to an audience with varying levels of investment expertise
• Excellent diplomatic, meeting facilitation, negotiation, and conflict resolution skills
• A technical understanding of derivatives and overlay strategies, including their role in managing risk, enhancing portfolio returns, and optimizing asset allocation
• Entrepreneurial mindset with a collaborative approach to leadership and teaming across all levels of the organization
• Comfort navigating ambiguity and creatively solving complex financial problems
• Must believe in and practice trust, partnership, learning, stewardship, accountability, creativity, collaborative decision-making, employee empowerment, equity/inclusion and anti-racism
• Master’s degree, CFA or other advanced degrees in a relevant field strongly preferred