VP, Investment Management

United Nations Federal Credit Union•New York, NY

20h•$275,000 - $295,000•Hybrid

About The Position

The VP, Investment Management oversees the effective management of the investment department’s credit research, portfolio analysis, and operations functions, including the use of systems and resources. The role partners with the Chief Investment Officer in managing UNFCU’s fixed income and equity investment security assets, including asset-class and sector-level research, with potential growth into additional portfolio management and trading responsibilities. This position is hybrid and has a stated NYC salary range of $275,000–$295,000 annually, with compensation commensurate with geographic location. The VP manages investment operations and credit staff, budget, research, reporting, and analytical processes. This includes ensuring portfolios are properly custodied, monitored, valued, settled, and accounted for; maintaining effective reporting and controls; overseeing timely credit analysis; and developing staff and processes. In partnership with the Chief Investment Officer, the role contributes to portfolio and risk strategy, research, security evaluation and selection, policy and regulatory review, and portfolio positioning. The VP also monitors markets and regulatory developments, responds to management, audit, and regulatory inquiries, and provides strategic recommendations to colleagues and senior and executive management. The role partners with Finance leadership to align investment strategy with dynamic balance-sheet management while supporting long-term financial performance and appropriate risk management. The VP must uphold UNFCU’s mission, values, and service principles and comply with applicable laws, regulations, and the organization’s Code of Ethics & Business Conduct.

Requirements

Bachelor’s degree in finance, accounting, economics, or business administration.
At least 10 years of direct experience managing and/or analyzing U.S. fixed income securities and portfolios within a large bank, insurance company, investment manager, or fund.
Extensive knowledge of global economics, financial markets, and U.S. fixed income securities, including government, municipal, corporate, mortgage-backed (RMBS/CMBS), and asset-backed (ABS) securities.
Strong understanding of interest-rate and credit risk, fixed-income valuation, and investment accounting under GAAP, including amortization concepts.
Advanced financial modeling, financial statement analysis, and data analysis skills.
Proficiency in Excel, Access, and investment platforms such as Bloomberg, Yield Book, and PolyPaths.
Excellent written and verbal communication skills, including executive-level presentations.
Ability to adapt to changing market conditions, assess investment risks, and quickly learn new financial instruments and technologies.

Nice To Haves

Advanced education, such as an MBA or MS in Finance, Economics, Accounting, or another quantitative discipline, and/or a Chartered Financial Analyst (CFA) designation.
Management experience and prior or current experience within a U.S. bank, credit union, or depository fixed-income securities portfolio management team.
Strong quantitative and analytical skills, including the ability to interpret complex financial data.
Excellent communication skills.

Responsibilities

Uphold UNFCU’s mission, core values, and guiding principles by providing exceptional service to colleagues and members.
Manage and oversee investment operations and credit staff, the department budget, and investment research, reporting, and analytical processes.
Ensure investment portfolios are adequately custodied, monitored, accurately valued, and that investment activities are properly settled and accounted for.
Ensure efficient investment operations and portfolio and risk reporting, with clear communication within and outside the team.
Oversee timely and accurate written credit analysis for new and existing investment positions.
Manage daily staff activities, including assigning and evaluating research and special projects.
Lead, develop, coach, and mentor staff; foster a collaborative, high-performing team culture and continuous improvement in reporting and operations.
Support staff and personal development through continuous learning in portfolio management, security structure, financial analysis, economics, capital markets, and investment and trading systems.
Ensure adequate controls and backup procedures are in place for job functions.
Optimize budget resources, systems, tools, vendors, and outside services.
Partner with the Chief Investment Officer on portfolio and risk strategy, asset-class, sector, and company research, security evaluation and selection, and investment policy and regulatory review.
Develop a deep understanding of UNFCU’s financial risks, portfolios, holdings, investment style, credit exposures, and permitted instruments.
Ensure portfolio holdings conform to investment strategy mandates and policy and regulatory requirements.
Participate in portfolio management and positioning, monitor existing holdings, and evaluate potential additions.
Research expansion into new asset classes or sectors and develop customized risk monitoring as applicable.
Develop expertise and assume increasing responsibility for portfolio management and trading activities.
Monitor new-issue fixed income markets and macroeconomic conditions, and lead regular team discussions.
Monitor regulatory trends and internal activities to support compliance with securities laws and minimize risk exposures.
Respond to management, audit, and regulatory inquiries on investment matters.
Develop and maintain relationships with broker-dealers and electronic trading system providers.
Provide strategic insights and recommendations to colleagues and senior and executive management on portfolio holdings, financial risk management, and economic and capital-market conditions.
Partner with Finance leadership to align investment strategy with dynamic balance-sheet management and long-term financial performance while maintaining appropriate risk management.
Perform additional responsibilities as assigned.
Ensure compliance with federal and state laws and regulations and UNFCU’s Code of Ethics & Business Conduct.