Chief Investment Officer

Job Description

<p><p>The primary responsibilities of this position are to:</p>
<h3>Investment Oversight</h3>
<ul>
<li>Work with external investment managers to ensure the Board’s investment policies are implemented effectively.</li>
<li>Monitor investment performance and risk relative to benchmarks, policy guidelines, and long-term objectives.</li>
<li>Apprise the Board on market developments affecting UAPP.</li>
<li>Coordinate development of internal tools to monitor various measures of pension risk.</li>
<li>Develop internal dashboards and tools to monitor investment performance, risk exposures, liquidity, and other key metrics.</li>
<li>Engage with external investment managers to review mandates, investment process, risk controls, fees, and reporting.</li>
</ul>
<h3>Investment Policy Development</h3>
<ul>
<li>Work with the Chief Executive Officer to evaluate risk factors in plan liabilities and assets and recommend an asset allocation and risk tolerance to the Board.</li>
<li>Develop and recommend sound investment policies for consideration by the Investment Committee and Board.</li>
<li>Lead the periodic review of UAPP’s Statement of Investment Policies and Goals.</li>
<li>Evaluate alternative approaches to meet UAPP’s investment goals on an ongoing basis.</li>
<li>Stay current on developments in the investment industry and the regulatory landscape that may impact the Statement of Investment Policies and Goals.</li>
<li>Lead research into investment management strategies to increase fund rate of return, reduce risk, and reduce costs for investment-related initiatives and projects.</li>
<li>Oversee asset liability studies in support of asset mix and risk allocation recommendations.</li>
<li>Develop UAPP’s climate change and responsible investment framework to effectively manage climate-related risks and opportunities that align with investment and governance practices.</li>
</ul>
<h3>Internal and External Reporting</h3>
<ul>
<li>Prepare regular investment updates and contribute to the Chief Executive Officer’s agenda planning for the Investment Committee.</li>
<li>Execute the investment tasks of the Business Plan.</li>
<li>Design and oversee monthly, quarterly, and annual investment reporting to the Board, Investment Committee, and other stakeholders.</li>
<li>Lead UAPP’s communication strategy relating to investments.</li>
<li>Develop UAPP’s investment reporting to include responsible investing issues.</li>
<li>Oversee preparation of the Investment Report section within the Annual Report.</li>
</ul>
<h3>Other Responsibilities</h3>
<ul>
<li>Attend all Board and Investment Committee meetings and provide reporting as required.</li>
<li>Monitor and enhance protocols for managing relationships with current and potential investment managers and investment service providers, including consultants and performance measurement firms.</li>
<li>Develop and deliver effective investment education programs for UAPP stakeholders including the Board.</li>
<li>Coordinate with legal counsel for the review and negotiation of investment manager service provider contracts and agreements.</li>
</ul>
<h3>Qualifications</h3>
<ul>
<li>Completion of post‑secondary education in Commerce, Business Administration, Accounting, Finance, Mathematics, or Economics, or a related field.</li>
<li>Chartered Financial Analyst (CFA) designation is required.</li>
<li>Minimum 10 years of progressive experience in investment management, asset allocation, and portfolio construction.</li>
<li>Proven track record in strategic and positive leadership, risk management, and asset‑liability management.</li>
<li>Experience managing large institutional portfolios and working with external managers.</li>
<li>Familiarity with pension governance frameworks and fiduciary responsibilities.</li>
<li>Experience with climate risk, responsible investment, and ESG integration in an institutional setting.</li>
<li>Exceptional communication, interpersonal, and organizational skills, including demonstrated ability to present reports for committees and boards and to work collaboratively with both investment and non‑investment team members.</li>
<li>Demonstrated ability to exercise sound judgement in ambiguous or rapidly changing environments.</li>
<li>Proven ability to lead cross‑functional initiatives, manage competing priorities, and manage complex projects with multiple stakeholders and tight timelines.</li>
</ul></p>
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