OCIO Chief Investment Officer

U.S. Bank • Philadelphia, PA

7d • Hybrid

About The Position

U.S. Bancorp Asset Management, Inc. (USBAM) is a registered investment advisor and the institutional asset management organization within U.S. Bank. USBAM manages over $400 billion in assets across various mandates including money markets/liquidity, investment grade fixed income, Outsourced Chief Investment Officer (OCIO), and securities lending. The OCIO team specifically manages over $30 billion in assets for a diverse client base, including public, private, and Taft-Hartley defined benefit pensions, OPEB plans, endowments and foundations, not-for-profits, and other institutional clients. The Chief Investment Officer, Institutional OCIO (the “CIO”) is a critical executive role responsible for defining and implementing the investment strategy for OCIO clients. This role will act as a public-facing thought leader, enhancing USBAM’s investment capabilities and fostering innovation to meet the evolving demands of institutional OCIO clients. The CIO will actively participate in investment committees and working groups to formulate, implement, and execute client portfolio strategies. This leadership position will oversee portfolio management, capital markets, manager research, and product development, ensuring alignment with client objectives and regulatory requirements.

Requirements

• Bachelor's degree, or equivalent work experience
• 10 or more years of experience

Nice To Haves

• Proven track record of leadership in an investment management organization
• Favorable long-term investment performance track record for related products and strategies
• Deep expertise in global multi-asset class portfolio construction, asset allocation, and investment strategy development
• Strong understanding of regulatory and compliance requirements, including those applicable to SEC-registered investment advisors, mutual funds and ERISA
• Exceptional communication skills, including media and public speaking experience
• Ability to lead through influence in a matrixed organization and develop high-performing teams
• CFA/CAIA designation and/or advanced degree strongly preferred

Responsibilities

• Define and lead OCIO investment strategy development ensuring consistent execution and risk management
• Oversee all OCIO portfolio management, asset allocation, trading activities, and investment policy development for various market segments
• Drive product innovation and research to address client needs and market opportunities
• Collaborate with senior leaders at USBAM to deliver integrated solutions
• Represent USBAM externally through development of thought leadership, media engagement, industry forums, and client events
• Participate in select client and prospect discussions to articulate investment philosophy and capabilities
• Lead investment team, investment committees, and maintain awareness of emerging strategies and market trends

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

What This Job Offers

• Job Type: Full-time
• Career Level: Executive