Chief Investment Officer

Korn Ferry Executive Search; United States; On-site; USD 300,000 - 600,000; Full time

Job summary

Korn Ferry Executive Search is seeking a Chief Investment Officer to oversee a substantial investment portfolio and act as the primary investment expert and advisor to the governing board.

The CIO will lead the development and implementation of investment strategies, recommend goals, and ensure adherence to board-adopted policies. It will manage a team and oversee external managers, consultants, custodians, and contractors.

Qualifications

• Executive leadership experience overseeing large investment portfolios.
• Fiduciary responsibility and governance experience.
• Ability to report to the board and other stakeholders.

Responsibilities

• Develop and implement investment strategies and goals.
• Oversee asset allocation, program structure, and external managers.
• Lead investment team and administrative staff.
• Provide regular reports and recommendations to the board.
• Coordinate with consultants, custodians, and contractors.

Skills

Executive leadership

Portfolio management

Asset allocation

Governance & compliance

Staff management

Job description

The client is seeking a Chief Investment Officer (CIO) to oversee the management of a substantial investment portfolio, serving as the primary investment expert and advisor to the governing board. This executive role is responsible for developing and implementing investment strategies, recommending investment goals, and ensuring adherence to board-adopted policies and programs. The CIO will provide regular reports and recommendations on key investment matters, including asset allocation, program structure, and the selection and oversight of external managers, consultants, custodians, and contractors.

In this capacity, the CIO will lead a team of investment professionals and administrative staff, managing a diverse range of asset classes such as equities, fixed income, private markets, hedge funds, money market instruments, overlays, and derivatives. The role includes monitoring external investment managers and consultants for compliance with contractual obligations, as well as overseeing investment options for limited term retirement plans. The CIO is expected to regularly evaluate and enhance policies, processes, and performance metrics to ensure alignment with industry best practices and the organization's fiduciary objectives.

The successful candidate will provide executive leadership and direction to the investment division, ensuring the delivery of high-performing investment programs and serving as the primary spokesperson on investment matters before the board, city council, media, and the broader investment community. The CIO will support the continuous improvement of investment philosophies and strategies, maintaining a commitment to prudent portfolio management and the reliable delivery of benefits to members and beneficiaries.