Chief Investment Officer

The Chief Investment Officer reports to the City Treasurer and is responsible for overseeing the Investments Division for the Department. The Investments Division is responsible for the management of the City's pooled investment fund of approximately $2.8 billion in accordance with the City Treasurer’s Investment Policy. The investment portfolios are comprised of fixed income investment vehicles and are managed to meet near-term cash flow needs; the Division also separately manages the investment of bond proceeds in accordance with the respective indenture agreements. The Investments Division also manages the bank services relationships for the City Treasurer banking agreements and participates in the review, implementation and monitoring of all electronic banking services, ecommerce systems, and third-party payment processing services. The Chief Investment Officer supervises a team of three: Senior Investment Officer, Assistant Investment Officer, and Investment Assistant. In accordance with the City’s telework policy, hybrid work options are available. Key Areas Of ResponsibilityManage and oversee all facets of the Investments Division, including: Prudently manage all investment activity for the City’s operating and capital improvements funds to meet daily cash flow requirements and to meet or exceed benchmark earnings, while maintaining strict compliance with the City Treasurer's Investment Policy (IP) Oversee the development and implementation of the investment strategy for the City Treasurer’s investment pool Direct the Division’s in-house credit analysis on all portfolio credit holdings and summary reports for the City Treasurer Facilitate the semi-annual meetings of the City Treasurer’s Investment Advisory Committee creating the agenda, drafting the minutes and creating presentations on the Investment Outlook and the Pool’s performance Provide annual updates to City Council for proposed IP changes in accordance with federal, state, and local laws, and request annual delegation of authority Issue monthly reports of investments to Council in accordance with CGC requirements Direct the preparation and analysis of short-term and long-term cashflow projections and trends Develop the annual interest earnings forecast for the City Treasurer’s pooled investment fund and mid-year revision Serve on the City’s finance team for all new bond issues, manage the investment of bond proceeds, as requested, to meet performance return goals and budgetary earnings objectives Develop and maintain relationships with fixed income brokers, bankers, investment software vendors and other public finance professionals Furnish and review investment data provided in Preliminary Official Statements, Official Statements, the City’s Annual Comprehensive Financial Reports, and other reports provided to external stakeholders as requested Oversee the City Treasurer’s banking relationships and agreements, all related Request for Proposals and contract extensions, and review monthly banking analysis for accuracy, allocating costs as appropriate citywide Participate in City’s maintenance with PCI compliance by providing ongoing training to City’s cash handlers and performing policy conformance checks for deposit location accepting credit cards citywide Provide expert support and guidance on citywide projects related to electronic payments, ecommerce systems, and third-party payment processing services, and evaluate new payment technology to effectively collect revenue citywide Consistently review all processes for efficiencies while maintaining strong internal controls Make presentations to the City Council and council committees and at various civic, community, professional and business forums