Chief Investment Officer

CFA Institute; Austin (TX); Sur place; USD 250 000 - 400 000; Plein temps

Avantages offerts par ce poste

Retirement benefits

Performance pay

Full benefits package

Résumé du poste

Teacher Retirement System of Texas is seeking a Chief Investment Officer to provide executive leadership for the Investment Management Division and align investment strategy with the agency’s long-term obligations. The CIO will advise the Board, oversee policy execution, and sustain portfolio performance across a $250B+ asset base.

The role emphasizes accountability, risk management, and collaboration with internal and external stakeholders while leading succession planning and team development

Qualifications

• Fifteen (15) years of full-time related investment management experience.
• Eight (8) years of experience leading or supervising others.
• A master’s or doctoral degree in a closely related field may be substituted on a year-for-year basis.
• Preferred: CFA/CAIA/FRM certifications.

Responsabilités

• Provide executive leadership for the Investment Management Division and advise the Board on asset allocation and portfolio structure.
• Oversee adherence to the Investment Policy Statement and policy framework; shape investment philosophy and performance.
• Lead development of the strategic investment plan, divisional budget, and governance processes.
• Direct implementation, monitor performance, and ensure governance and internal controls across investments.

Connaissances

Executive leadership

Investment strategy

Stakeholder communications

Team leadership

Analytical thinking

Formation

Bachelor's degree in business administration, finance, accounting, economics or related area

Master’s or Doctoral degree substitution permitted

Outils

Portfolio management systems

Risk management systems

Analytical tools

Investment data platforms

Description du poste

Chief Investment Officer

Requisition ID: req1455
Employment Type: Unclassified Regular Full-Time (URF)
Division: Investment Management
Compensation: Compensation is competitive and includesretirement, performance pay, and a full benefits package
Job Closing: October 31, 2026, 11:59pm, CST
Location: TRS Headquarters Building 2
1900 Aldrich Street
Austin, Texas, 78723
United States

WHO WE ARE

At the Teacher Retirement System of Texas our members are our mission. We are the largest public retirement system in Texas and the sixth largest in the nation. In FY 2025, TRS paid over $14.2 billion in retirement benefits to 523,657 retirees and their beneficiaries. Our sole mission is Improving the retirement security of our members by prudently investing and managing the Trust assets and delivering benefits that make a positive difference in their lives.

With the Investment Management Division (IMD) you will be joining a group of achievers who celebrate the unique value individuals bring to support our shared cause: earning trust and contributing to the financial future of more than 2 million public education employees and retirees throughout Texas. Navigating the markets takes innovation and we’re passionate about stewarding the right investments to make an impact both in the lives of our members and all Texans. We invite you to partner with some of the best financial minds in the business to manage a global portfolio of over $250 billion in public and private investments across 15 asset classes. Our success starts with you.

WHAT YOU WILL DO

Strategic Oversight and Agency Representation

Provide executive leadership for the Investment Management Division, aligning investment strategy with the agency’s long-term obligations, risk tolerance, funding objectives, and operational needs. Advise the Board of Trustees and Executive Council on asset allocation, portfolio structure, risk capacity, and expected outcomes for the pension trust fund.

Oversee execution of the Investment Policy Statement and applicable policies, laws, and rules. Establish an investment philosophy that promotes accountability, evaluates emerging strategies, and strengthens portfolio performance and sustainability.

Maintain strong connections across the finance and investment community while leading development of the strategic investment plan, divisional budget, and legislative appropriation requests.

Operational Execution

Direct implementation of the Investment Policy Statement, ensuring strategies, objectives, and performance expectations remain aligned with Board-approved goals and risk parameters. Oversee performance measurement, monitoring, and reporting to evaluate results, manager effectiveness, and portfolio compliance.

Set clear objectives, define responsibilities, and ensure effective oversight across investment operations. Manage procurement, contracting, and performance of investment service providers, consultants, and vendors.

Maintain a strong internal control and compliance framework that supports sound governance and adherence to applicable requirements.

Stakeholder Engagement & Governance

Serve as the principal investment advisor to the Board of Trustees, Board committees, and Executive Director. Build trusted relationships with internal and external stakeholders while presenting recommendations, results, market analyses, risk assessments, and policy matters in a clear and decision-useful manner.

Talent Management

Lead succession planning, employee development, workforce engagement, and performance management across the division. Build leadership capacity and support succession readiness for critical investment and operational roles.

Recruit, develop, mentor, and evaluate management staff while promoting accountability, integrity, collaboration, continuous improvement, and organizational excellence.

WHAT YOU WILL BRING

Required Education

Bachelor's degree from an accredited four-year college or university with major course work in business administration, finance, accounting, economics, or a related area.

Required Experience

• Fifteen (15) years of full-time directly related, progressively responsible experience in investment management or related experience.
• Eight (8) years of experience leading or supervising the work of others.
• Experience may be concurrent.
• A master’s or doctoral degree in a closely related field may be substituted on an equivalent year-for-year basis.

Preferred Qualifications

• Senior management experience directing an investment organization that internally manages funds.
• Advanced degree in finance, economics or related field.
• Certification as a Chartered Financial Analyst (CFA), a Chartered Alternative Investment Analyst (CAIA), and/or a Financial Risk Analyst (FRM).

Knowledge, Skills, and Abilities

Knowledge of

• Investment concepts, strategies, styles, and analytical methodologies from the total portfolio level to individual investment selection.
• Global and domestic macroeconomic and capital market issues relating to investments.
• Statistical concepts, methods, and models and their application to investments.
• Economic, financial, actuarial, and quantitative concepts applicable to pension fund investing.
• Securities operations, investment accounting, valuation, compliance and internal controls.
• Executive leadership, workforce planning, succession management, and performance management principles.
• Investment data, portfolio management systems, risk management systems, analytical tools, and technology used in institutional investment environments.

Skills in

• Negotiating complex investments, advisory, and service provider arrangements.
• Developing and executing long-term investment strategies for a large, diversified institutional portfolio.
• Evaluating complex investment opportunities, portfolio risks, market conditions and financial information.
• Presenting complex investment matters clearly and persuasively to boards, executives, policymakers and other stakeholders.
• Managing, mentoring, and motivating staff to meet organization goals and objectives.
• Negotiating issues and resolving problems.
• Written and verbal communications, including preparing and delivering complex correspondence, reports, presentations, policies, and proposals.

Ability to

• Promote and maintain harmonious working relationships with the Board of Trustees, agency co-workers and staff, state leadership (including their staff), and other external contacts.
• Work effectively in a professional team environment.
• Protect confidential and market sensitive information while demonstrating the highest standards of ethics and professional conduct.
• Establish credibility and trust with stakeholders who have differing perspectives and levels of investment knowledge.
• Maintain independence of judgment while working collaboratively with trustees, executive leadership, employees, advisors, and external partners.
• Fulfill fiduciary responsibilities and place the interests of TRS members and beneficiaries above personal or agency interests.
• Lead through periods of market volatility, public scrutiny, and heightened stakeholder interest.