Chief Investment Officer

City of San Diego

4d•Hybrid

About The Position

The Chief Investment Officer reports to the City Treasurer and is responsible for overseeing the Investments Division for the Department. The Investments Division is responsible for the management of the City's pooled investment fund of approximately $2.8 billion in accordance with the City Treasurer’s Investment Policy. The investment portfolios are comprised of fixed income investment vehicles and are managed to meet near-term cash flow needs; the Division also separately manages the investment of bond proceeds in accordance with the respective indenture agreements. The Investments Division also manages the bank services relationships for the City Treasurer banking agreements and participates in the review, implementation and monitoring of all electronic banking services, ecommerce systems, and third-party payment processing services. The Chief Investment Officer supervises a team of three: Senior Investment Officer, Assistant Investment Officer, and Investment Assistant. In accordance with the City’s telework policy, hybrid work options are available.

Requirements

Bachelor’s degree and/or master’s degree in finance or a related field, AND
At least seven (7) years of progressively responsible portfolio management experience.
Any combination of education and experience that demonstrates these qualifications may be qualifying.

Nice To Haves

Demonstrated success in the direct management of a fixed income portfolio of comparable size
Competency in exercising fiduciary responsibilities to protect the interests of the City, tax and rate payers, and the public
A commitment to public service and fiscal responsibility
Experience with Bloomberg or comparable systems
Advanced degree and/or designation as a Chartered Financial Analyst or Certified Treasury Professional
Strong quantitative analytical abilities, including a thorough understanding of common data analysis tools and programs
Excellent writing and communication skills
Strong interpersonal leadership skills, with the ability to successfully interact with a wide variety of stakeholders
Ability to communicate complex and technical information in a simple, clear and straightforward manner, including the use of graphs and tables as needed
Ability to communicate effectively to different audiences, including elected officials, various levels of City management and members of the public
Ability to comprehend technical details and understand how they relate to and impact the “big picture”
Ability to work both independently and as part of a team in a fast-paced, high-pressure environment with tight time constraints
Strong leadership skills and demonstrated ability to mentor employees
Interest in municipal activities and services and how they impact the community
Highly ethical and objective, with the ability to navigate in a political environment without being political
Motivated with the ability and desire to take initiative

Responsibilities

Manage and oversee all faucets of the Investments Division, including:
Prudently manage all investment activity for the City’s operating and capital improvements funds to meet daily cash flow requirements and to meet or exceed benchmark earnings, while maintaining strict compliance with the City Treasurer's Investment Policy (IP)
Oversee the development and implementation of the investment strategy for the City Treasurer’s investment pool
Direct the Division’s in-house credit analysis on all portfolio credit holdings and summary reports for the City Treasurer
Facilitate the semi-annual meetings of the City Treasurer’s Investment Advisory Committee creating the agenda, drafting the minutes and creating presentations on the Investment Outlook and the Pool’s performance
Provide annual updates to City Council for proposed IP changes in accordance with federal, state, and local laws, and request annual delegation of authority
Issue monthly reports of investments to Council in accordance with CGC requirements
Direct the preparation and analysis of short-term and long-term cashflow projections and trends
Develop the annual interest earnings forecast for the City Treasurer’s pooled investment fund and mid-year revision
Serve on the City’s finance team for all new bond issues, manage the investment of bond proceeds, as requested, to meet performance return goals and budgetary earnings objectives
Develop and maintain relationships with fixed income brokers, bankers, investment software vendors and other public finance professionals
Furnish and review investment data provided in Preliminary Official Statements, Official Statements, the City’s Annual Comprehensive Financial Reports, and other reports provided to external stakeholders as requested
Oversee the City Treasurer’s banking relationships and agreements, all related Request for Proposals and contract extensions, and review monthly banking analysis for accuracy, allocating costs as appropriate citywide
Participate in City’s maintenance with PCI compliance by providing ongoing training to City’s cash handlers and performing policy conformance checks for deposit location accepting credit cards citywide
Provide expert support and guidance on citywide projects related to electronic payments, ecommerce systems, and third-party payment processing services, and evaluate new payment technology to effectively collect revenue citywide
Consistently review all processes for efficiencies while maintaining strong internal controls
Make presentations to the City Council and council committees and at various civic, community, professional and business forums

Benefits

Defined retirement plan, including pension reciprocity, dependent on an employee’s eligibility status (new hire, rehire, etc.).
A wide variety of cafeteria-style health and wellness plans or in-lieu cash waiver.
11 paid City holidays per calendar year and 1 floating holiday per fiscal year.
Approximately 176 hours of paid annual leave for an employee’s first 15 years of service, and approximately 216 hours for 16+ years of service.
Up to 24 hours of paid discretionary leave per fiscal year.
Up to 320 hours of paid Parental Leave per childbirth or placement of a child.
Up to 40 hours of paid Bereavement Leave per fiscal year.
Tuition reimbursement up to $2,000 per fiscal year, and complimentary LinkedIn Learning professional development opportunities.
Free transit pass (including MTS Trolley, MTS Bus, and all Rapid and Rapid Express bus services).
Access to premier City golf courses at a discounted rate.
Reduced-rate fitness center memberships.
City-paid life insurance.