Chief Investment Officer - Internal Only

King County•Seattle, WA

8d•Hybrid

About The Position

This recruitment is open to current King County Executive Services Department internal employees only. Our current opening is for a Chief Investment Officer to lead our Finance and Business Operations Division (FBOD) Investment team. The Chief Investment Officer position’s primary responsibility will be to lead the Investment Team in administering and managing all matters related to the King County Investment Pool (KCIP). The Investment Team is responsible for the development, recommendation, implementation and monitoring of all aspects of KCIP’s authorized investments and will also serve as a key advisor on financial matters to the County’s Executive Finance Committee (EFC) and Credit Committee. With over $10 billion under management, the KCIP is the second largest local investment pool in the state of Washington and in the top 25 nationally. Over the last three years the KCIP has distributed over $1.1 billion in earnings to participants. The Investment group within the Director’s Office section is part of the larger Finance and Business Operations Division portfolio of countywide services. FBOD’s vision “Count on Us” reflects the division’s deep-seated commitment to customer success, equity, employee engagement, resource stewardship, and operational excellence. If these values align with your own, please apply and join FBOD for a rewarding career!

Requirements

Bachelor’s degree with a major in Finance, Economics, Mathematics, Accounting, Business, Quantitative Methods, or a closely related field or equivalent experience
Experience in strategy development and/or operational planning; within a financial services environment or any combination of experience/education/training that provides the required knowledge, skills and abilities to perform the work
Professional experience in fixed income portfolio management, trade initiation, credit analysis, fixed income investment instruments, and financial reporting within a multibillion-dollar organization or with multibillion-dollar fixed income portfolio
Professional experience maintaining relationships with investment broker/dealers and advanced understanding of money-market securities such as tri-party repurchase agreements, commercial paper, discount notes, etc.
Demonstrated ability to understand financial statements, cash flow analysis and credit agency reports
Knowledge and understanding of financial markets and the investments security settlement process
Professional experience in investment management, accounting, or banking
Strong understanding of the various characteristics and calculations related to fixed income securities
Previous experience working with investment systems such as Bloomberg, BondEdge, Yield Book, Singularity, Clearwater, etc.
Strong communication, interpersonal, writing and customer service skills
Skill in understanding political situations that might arise from policy decisions
Ability to perform research, analyze and solve problems
Ability to work individually and collaboratively as a team member
Ability to think differently, are eager to try new things and challenge yourself to improve processes
Intermediate level of technology proficiency using MS Office Productivity tools in your daily work
Professional experience managing, testing, or leading projects that improved operational efficiency and/or performance, while ensuring projects are managed responsibly and comply with all relevant laws, regulations, and policies
Ability to manage your time and adapt to changing priorities, work on multiple priorities and projects simultaneously, meet quick deadlines, and produce timely and quality work products

Nice To Haves

Experience supervising a fixed-income portfolio management investment team.
Professional designation or enrollment in a certification program (e.g., CFA,, CGIP, ACPFIM, CPFIM) and/or a graduate degree (MBA, MPA, MS in Finance).
Advanced technical Microsoft Excel skills
Knowledge of technical analysis, quantitative methods, statistics, mathematics, economics, etc.
Experience with LEAN processes and principles
Experience with SharePoint, MS Teams, and other collaborative online tools

Responsibilities

Supervise, mentor and coach Investment team members.
Manage employee performance including establishing performance expectations, deliverables, and metrics.
Hold staff accountable for work quality and quantity and completing required training.
Manage key relationships on behalf of the KCIP with executives, partners, consultants, and pool participants
Understand and recommend changes and enhancements to KCIP’s diversified assets by comparing investment opportunities
Analyze financial, economic, statistical, legal, accounting, market, and other matters quickly, efficiently, and accurately and summarize those results
Act as one of the key advisors on strategic investment plans and policies for FBOD
Monitor global and national financial conditions and collaborate with the investment team to meet objectives of the KCIP investment policy
Conduct relative value of fixed income investment opportunities by interpreting risk-reward parameters including market drivers of bond performance and the value of available alternatives
Ensure that multimillion-dollar transactions are accurately transmitted and settled
Prepare monthly performance reports of the KCIP that are relied on by FBOD’s investment team and Executive Finance Committee