Investment Portfolio Manager manages the company's investment portfolio. Reviews investment strategy, seeks out new opportunities, and recommends changes in investments to manage risk and generate acceptable rate of return. Being an Investment Portfolio Manager studies and monitors investment performance and trends that may impact the portfolio. Requires a bachelor's degree. Additionally, Investment Portfolio Manager typically reports to a head of a unit/department. The Investment Portfolio Manager contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. To be an Investment Portfolio Manager typically requires 4 to 7 years of related experience. (Copyright 2024 Salary.com)
Title: Director - Investment Sciences, Portfolio Solutions Group (Hybrid Work Schedule)
State Role Title: Director - Investment Sciences, Portfolio Solutions Group (Hybrid Work Schedule)
Hiring Range: $245,000 - $300,000
Pay Band: UG
Agency: Virginia Retirement System
Location: Richmond, VA
Agency Website: varetire.org
Recruitment Type: General Public - G
Job Duties:
Virginia Retirement System (VRS) is seeking a Director – Investment Sciences, to join the Portfolio Solutions Group (PSG) one of three investment units, working alongside Public Assets and Private Assets. The PSG team plays a crucial role in the implementation of asset allocation decisions; PSG takes on responsibilities across all asset classes, both public and private. The VRS Board of Trustees recently approved a new strategic asset allocation, which includes a modest amount of leverage. As a result, we require a Treasury group to effectively source, monitor, and manage capital across the entire pension fund. As the Director – Investment Sciences, and PSG member, you will actively engage in the portfolio management process, contributing to informed decision-making. You will have the opportunity to present your insights to our staff, Investment Advisory Committee, or Board of Trustees. Your role is essential in realizing our mission of securing the financial future of public sector employees.
Risk Management:
Strategy Research and Design, and Portfolio Management:
Asset Allocation:
Stakeholder Communication:
Leadership:
Minimum Qualifications:
• Bachelor’s degree in business, finance, economics, or closely related field, required; Master’s degree preferred; an equivalent combination of education and experience may also be considered
• 15 years of experience in investment management at a pension or endowment, or related industry
• Experience in a variety of asset classes including equities, fixed income, FX, and derivatives (exchanged-traded and over-the-counter)
• Process mindset and interest in solving complex problems
• Ability to work well across various investment and investment support groups
• Interest in advancing technical knowledge on risk modeling and portfolio construction
• Demonstrates curiosity, strong analytic and problem-solving skills
• Excellent verbal and written communication skills
• Superb work ethic, attention to detail, team orientation, and commitment to excellence
• Strong leadership skills
Additional Considerations:
• CFA, preferred
• Public assets, and private assets experience, preferred
Special Instructions:
You will be provided a confirmation of receipt when your application and/or résumé is submitted successfully. Please refer to “Your Application” in your account to check the status of your application for this position.
Contact Information
Name: Human Resources
Phone: 804-775-3408
Email: careers@varetire.org
In support of the Commonwealth’s commitment to inclusion, we are encouraging individuals with disabilities to apply through the Commonwealth Alternative Hiring Process. To be considered for this opportunity, applicants will need to provide their AHP Letter (formerly COD) provided by the Department for Aging & Rehabilitative Services (DARS), or the Department for the Blind & Vision Impaired (DBVI). Service-Connected Veterans are encouraged to answer Veteran status questions and submit their disability documentation, if applicable, to DARS/DBVI to get their AHP Letter. Requesting an AHP Letter can be found at AHP Letter or by calling DARS at 800-552-5019.
Note: Applicants who received a Certificate of Disability from DARS or DBVI dated between April 1, 2022- February 29, 2024, can still use that COD as applicable documentation for the Alternative Hiring Process.
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