Managing Director of Investments (WF)

EPIP; New York (NY); On-site; USD 120,000 - 250,000; Full time

Job summary

An established industry player is seeking a Managing Director of Investments to lead the management of a substantial endowment. This senior role involves developing asset allocation strategies, selecting investment managers, and overseeing risk management. The ideal candidate will have extensive experience in institutional endowment management, strong quantitative skills, and exceptional communication abilities. Join a forward-thinking foundation dedicated to improving learning and enrichment for disadvantaged children, where your expertise will play a vital role in shaping impactful investment strategies. This is an exciting opportunity to contribute to a mission-driven organization while working collaboratively with a talented team.

Qualifications

• 10-15 years of experience in institutional endowment management.
• Strong quantitative skills and outstanding communication abilities.

Responsibilities

• Develop and implement asset allocation strategy with the CIO.
• Lead risk management and operational due diligence efforts.

Skills

Institutional endowment management

Quantitative skills

Communication skills

Risk management

Operational due diligence

Education

MBA

CFA

Job description

The Wallace Foundation is an independent private foundation with $1.5 billion in assets created in 2003 through the merger of charitable trusts that represented the philanthropic legacy of DeWitt and Lila Wallace, founders of the Reader’s Digest. The Foundation seeks to improve learning and enrichment for disadvantaged children and foster the vitality of the arts for everyone.

We have a team-based structure and seek employees who are both highly skilled in their professions and able to work collaboratively, think analytically and communicate clearly. We value behavior that demonstrates a commitment to mutual respect and support, diversity, continuous learning, collaboration, excellence, and accountability.

The Managing Director of Investments opportunity at Wallace offers a senior role in the management of a substantial endowment with scale enough to pursue a sophisticated asset allocation strategy and have access to top quality managers. The Managing Director position will be the most senior person on the investment team other than the CIO and will have direct interaction with the Foundation’s president, Investment Committee, and Board of Directors.

Endowment Management

The Foundation’s investment goal is to earn a total return that will provide a steady stream of income to fund the grantmaking and operations of the Foundation in support of its mission while preserving the real or inflation-adjusted value of the Foundation’s total investment assets over long periods of time. The Wallace Foundation’s endowment is diversified across a broad range of asset classes to achieve this goal.

Responsibilities

The Managing Director of Investments contributes to the effective management of the Foundation’s endowment by successfully fulfilling these responsibilities:

1. Working with the CIO to develop and implement the asset allocation strategy.
2. Contributing to the selection of new managers and decisions on continuation/termination of current managers across all asset classes.
3. Leading our risk management work and operational due diligence.
4. Contributing to our team-based learning culture.

Qualifications

• Ten to fifteen years relevant experience in institutional endowment management.
• Experience managing staff with a focus on professional development.
• Excellent quantitative skills with demonstrated experience in modelling.
• Outstanding communication skills - listening, writing, speaking.
• MBA and/or CFA preferred.
• Ability to travel within the U.S. and internationally.

The Wallace Foundation is an Equal Opportunity Employer, committed to maintaining a diverse workplace where differing perspectives are a source of strength.

To Apply

Please direct inquiries, nominations, and applications in confidence to: [e-mail]. Please put “Wallace Managing Director of Investments” in the subject line of your email.