Job Title: Chief Investment Officer
Organization: New Jersey Department of the Treasury
Location: New Jersey, U.S.
The New Jersey Department of the Treasury seeks a Director/Chief Investment Officer for the Division of Investments to guide and manage the investment of monies in the State’s various pension funds, valued at approximately $74 billion as of June 30, 2013, in more than 180 separate investment funds. Additionally, the Director is responsible for managing the Division which currently employs approximately 65 State employees. The position reports to the Treasurer of the State of New Jersey and also works closely with the State Investment Council, a sixteen-member independent advisory board, created by statute, which is composed of members appointed by the Governor, the Treasurer, and various beneficiary groups. The State Investment Council assists in the determination of appropriate asset allocation and provides oversight and governance in the investment of the pension and other State funds managed by the Director and the Division of Investment. The authority to make investments, and to select managers and individual securities, rests with the Director and the Division of Investment.
Managing the investments of the pension plans and other funds:
- Supervising and overseeing the in-house investment staff, the external advisors and the limited partnership investments;
- In conjunction with the State Investment Council, providing for the formulation and adoption of long term investment plans and annual updates;
- Evaluating and selecting investment strategies, external advisors, consultants and sub-advisors; and • Reporting to the State Investment Council on investment results and other such matters as the State Investment Council requires
For details related to this position, go to NJ Treasury Jobs.
Qualified candidates should forward their resume & cover letter with salary requirements,
Email preferred, by October 1, 2013 to:
Director, Search Committee
NJ Department of the Treasury
Division of Administration
P.O. Box 210
Trenton, New Jersey 08625-0210
Attn: Doug Ianni, Human Resources Officer
(Please use “DIRECTOR – INVESTMENT” in Subject Line)
New Jersey is an Equal Opportunity Employer