VP, Investment Management

UNFCU; New York (NY); On-site; USD 180,000 - 260,000; Full time

Job summary

UNFCU is seeking a senior leader to oversee the investment department's credit research, portfolio analysis, and operations. The role partners with the CIO on fixed income and equity investments, and may expand into portfolio management and trading responsibilities.

The incumbent will manage staff, budgets, and research processes, ensure accurate valuation and settlements, and guide risk reporting and policy compliance across the department. Strong analytical and leadership skills are essential.

Qualifications

• Bachelor’s degree in finance, accounting, economics or business administration is required.
• Advanced education and/or CFA designation is preferred.
• At least 10 years of direct experience with US fixed income securities and portfolios.
• Experience in large bank/credit union or investment manager environments is strongly preferred.
• Extensive knowledge of global economics, markets, and fixed income instruments.

Responsibilities

• Oversee investment operations and staff, budget, and research processes.
• Ensure portfolios are adequately custodied, valued, and settled.
• Lead development of written credit analyses for positions.
• Mentor and develop staff to continuously improve reporting and operations.
• Ensure compliance with laws, regulations and internal policies.

Skills

Financial modeling

Financial analysis

Data analysis

Executive-level communication

Portfolio risk understanding

Education

Bachelor’s degree in finance, accounting, economics or business administration

MBA or MS in Finance, Economics, or Accounting, or CFA designation (preferred)

Tools

Bloomberg

Yield Book

PolyPaths

Excel

Access

Job description

Oversee and ensure the effective management of the investment department’s credit research, portfolio analysis and operations functions, including the optimal use of all systems and resources. Partner with the Chief Investment Officer in the management of 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.

ACCOUNTABILITIES:

• Regardless of seniority or role, uphold UNFCU’s mission, core values, and guiding principles by providing an exceptional service experience to colleagues and members alike through consistent demonstration of our service excellence behaviors.
• Manage and oversee investment operations and credit staff, budget, and all investment research, reporting and analytical processes:
  • Ensure that all investment portfolios are adequately custodied, monitored, accurately valued, and that all investment activities are properly settled and accounted for.
  • Ensure efficient investment operations and portfolio and risk reporting, while providing strong, concise, and clear communication within and outside the team.
  • Oversee the team’s timely and accurate preparation of written credit analysis for new and existing investment positions.
  • Manage daily activities of department staff including the assignment and evaluation of research or special projects.
  • Lead, develop, coach and mentor staff by creating a collaborative, high performing team culture and promoting improvement in all reporting and operational processes.
  • Manage staff and self-development by fostering and participating in continuous learning of portfolio management, security structure, financial analysis, economics and capital markets, and investment and trading systems.
  • Ensure adequate controls and back-up procedures are in place for all job functions.
  • Optimize the use of all budget resources systems, tools, vendors, and outside services.
• Partner with the Chief Investment Officer in portfolio and risk strategy; asset class, sector and company research; security evaluation and selection; and review of investment policies and regulations:
  • Develop a deep understanding of UNFCU’s financial risks, investment portfolios and, holdings, investment style, credit risk exposures, and the structural characteristics of all instruments permitted by policy.
  • Ensure portfolio holdings conform to investment strategy mandates and adhere to all policy and regulatory limitations or restraints.
  • While seeking staff participation and input, routinely engage in the investment management process and positioning for UNFCU’s portfolios, including the monitoring of all existing holdings and the evaluation of potential new additions.
  • Research expansion for new asset classes and/or sectors, along with customized risk monitoring process 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 ensure compliance with all applicable securities laws to minimize overall risk exposures.
  • Respond to all 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 in terms of portfolio holdings, financial risk management, and the economic and capital market environment.
• Partner with Finance leadership to ensure investment strategy alignment with dynamic balance sheet management that benefit long-term financial performance while maintaining appropriate risk management considerations.
• Perform additional responsibilities as assigned.
• Ensure compliance with federal and state laws and regulations and UNFCU’s Code of Ethics & Business Conduct.

• Bachelor’s degree in finance, accounting, economics or business administration is required
• Advanced education (e.g., MBA or MS in Finance, Economics, or Accounting, or other quantitative discipline) and/or Chartered Financial Analyst (CFA) designation is preferred
• At least 10 years of direct experience managing and/or analyzing US fixed income securities and portfolios within a large bank, insurance company, investment manager, or fund.
• Management experience and prior/current history within a US bank/credit union/depository fixed income securities portfolio management team is strongly preferred.
• 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, with proficiency in Excel, Access, and investment platforms such as Bloomberg, Yield Book, and PolyPaths.
• Excellent written and verbal communication skills, including executive-level presentations, with the ability to adapt to changing market conditions, assess investment risks, and quickly learn new financial instruments and technologies.