Vice President - Investments

ADP • Wilmington, DE

2d • Hybrid

About The Position

ADP is hiring a Vice President of Investments in our Corporate Global Finance organization. As the VP of Investments, you will be the primary portfolio manager of multiple fixed income portfolios within the Delaware Investment Center. This includes Canadian and UK client funds' portfolios (in their respective local currencies) and several USD-denominated corporate portfolios. The role is responsible for portfolio construction, liquidity and risk management, trade execution, and investment guidelines compliance. The Delaware Investment Center manages fixed income portfolios with over $45 billion in assets under management, following a buy-and-hold strategy. Our primary investment objectives are safety, liquidity, and diversification, with secondary objectives of maximizing book yield and interest income, while minimizing interest income volatility by averaging through interest rate cycles. The portfolios include corporate bonds, government securities (US Treasury, Agencies, Canadian government and Canadian government agency obligations, and Canadian provincial bonds), asset-backed securities, commercial mortgage-backed securities, etc. This is an individual contributor position reporting directly to the VP/GM – Assistant Treasurer.

Requirements

• Bachelor's degree in finance, business, or accounting required.
• 10+ years' experience in fixed income investment management or financial services industry.
• Develop and maintain relationships with internal key stakeholders
• Must possess integrity, ambition, and be results-oriented.
• Ability to work in a team-oriented environment.
• Excellent presentation and communication skills.

Nice To Haves

• Advanced Degree or CFA preferred
• Bloomberg, Bloomberg AIM preferred.
• Excellent interpersonal skills; able to manage diverse resources within a matrix environment toward the achievement of the common objective.
• Outstanding mental discipline: a thorough, analytical, detail-oriented person with excellent and consistent follow-through.
• A highly motivated self-starting, autonomous individual who can work independently and set their own priorities yet also function well as part of the overall team.
• A person with impeccable personal and professional ethics. Has a reputation for honesty and credibility. A person who is discreet and can be trusted to be highly confidential.
• Excellent collaboration, organizational, time management, customer service and problem-solving skills and the ability to work accurately and meet deadlines with frequent interruptions.
• Ability to work and thrive in a team environment, focused on achieving results.

Responsibilities

• Responsible for portfolio management, trade execution and investment of (a) fixed income portfolios invested in government and agency securities, investment-grade corporate bonds, triple-A rated structured products with maturities up to 10 years, and (b) short-term investments, including but not limited to time deposits and government money market funds
• Ensure portfolios are invested in accordance with investment guidelines, with primary objectives of safety of principal, liquidity, and diversification, and secondary objectives of maximizing book yield and interest income while minimizing interest income volatility by averaging through interest rate cycles
• Collaborate with credit team and incorporate credit analysis into investment process
• Manage liquidity and oversee and execute reverse repurchase transactions, to ensure portfolios can meet daily funding needs
• Prepare and present quarterly investment and portfolio reviews to the Delaware entity Board of Directors and senior management and work on ad-hoc analysis as needed
• Develop and maintain relationships with key stakeholders, including brokers, relationship banks and other financial institutions

Benefits

• Be yourself in a culture that values equity, inclusion, and belonging and create a safe space for diverse perspectives and insights.
• Belong by joining one of nine Business Resource Groups where you can connect globally with networks and allies who share common interests and experiences.
• Grow your career in an agile, fast-paced environment with plenty of opportunities to progress.
• Continuously learn. Ongoing training, development and mentorship opportunities for even the most insatiable learner.
• Be your healthiest. Best-in-class benefits start on Day 1 because healthy associates are happy ones.
• Balance work and life. Resources and flexibility to integrate your work and your life more easily.
• Focus on your mental health and well-being. We're here to provide exceptional service to our clients, and none of that happens without each of us taking care of ourselves and being there for one another.
• Join a company committed to giving back and generating a lasting, positive impact upon the communities in which we work and live.
• Get paid to pay it forward. Company-paid time off for volunteering for causes you care about.

What This Job Offers

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