OCIO Chief Investment Officer

U.S. Bank • Philadelphia, PA

9d • $170,255 - $200,300 • Hybrid

About The Position

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

About U.S. Bancorp Asset Management, Inc. (USBAM)
USBAM is a registered investment advisor and the institutional asset management organization within U.S. Bank. USBAM manages more than $400 billion in assets in money markets/liquidity, investment grade fixed income, Outsourced Chief Investment Officer (OCIO), and securities lending mandates. USBAM’s OCIO team manages more than $30 billion in assets for clients including public, private and Taft-Hartley defined benefit pensions; OPEB plans; endowments and foundations; not-for-profits; and other institutional clients invested in global equity, fixed income and alternative asset classes.

Role Summary
The Chief Investment Officer, Institutional OCIO (the “CIO”) is a key executive responsible for shaping and executing the investment strategy for OCIO clients. The CIO serves as a public-facing thought leader, elevating USBAM’s investment capabilities and driving innovation to meet the evolving needs of institutional OCIO clients. This role will be active on various investment committees and working groups that help formulate, implement and execute strategies for client portfolios and will provide leadership across portfolio management, capital markets and manager research, and product development, ensuring alignment with client objectives and regulatory standards.

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
• Education Level: Associate degree