The New Jersey Department of the Treasury’s Division of Investment seeks a senior investment professional with a background in corporate governance and investments, along with a strong understanding of the impact of Environmental, Social, and Governance (ESG) issues on investment performance. Under the supervision of the Director/Deputy Director or other supervisory official in the Division of Investment, the Corporate Governance Officer will oversee all corporate governance issues for the Division.
The Division of Investment manages and invests approximately $90 billion of investments assets of the State Pension Plans, State of New Jersey Cash Management Fund, Supplemental Annuity Collective Trust (a 403b plan), a portion of the NJBEST Fund (a 529-college savings plan) and several funds under the New Jersey State Employees Deferred Compensation Program (a 457 plan). These funds provide benefits to almost 800,000 current and future retirees. The Division’s proximity to major financial markets in New York City offers staff the unique advantage of accessing its financial partners and their expertise on a regular basis. The Division also enjoys the benefits of a very experienced and knowledgeable State Investment Council. The relationship between senior staff and the State Investment Council has been marked by close cooperation, with the Council committed to the Division's mission of "achieving the best possible return at an acceptable level of risk using the highest fiduciary standards.'
This position will be responsible for reviewing and monitoring the Division’s investment processes and providing recommendations to incorporate ESG analysis into investment decision-making; consults with the State Investment Council and the Council’s ESG Committee with respect to ESG issues; responsible for research and analysis of ESG issues, including incorporation of measurement tools for assessing ESG risks into the investment process; recommends specific proxy voting guidelines to the Director that are consistent with the Council’s ESG Policy, oversees proxy voting procedures, and updates the ESG Committee and the Council on proxy voting issues; monitors the Division’s ESG due diligence process for the Alternative Investment Program and monitors external fund managers’ application of their respective policies; takes lead role in the identification, evaluation, and recommendation of ESG-related engagement activities for the Division’s consideration, including written correspondence, conference calls, in-person meetings, proxy voting, shareholder initiatives, and initiatives in coordination with other investors; assess new policies and procedures designed to enhance corporate governance standards; attends conferences and industry events to stay current on ESG issues and trends; oversees various ad-hoc projects.
EDUCATION: Possession of a Bachelor’s Degree in Finance, Accounting, or a related field. MBA and/or CFA preferred. (APPLICANT SUBMISSIONS MUST INCLUDE A COPY OF DEGREE AND/OR TRANSCRIPTS (OFFICIAL / UNOFFICIAL) DOCUMENTING POSSESSION OF DEGREE).
NOTE FOR FOREIGN DEGREES: Degrees and/or transcripts issued by a college or university outside of the United States must be evaluated for accreditation by a reputable evaluation service at your expense. The evaluation must be included with your submission. Failure to submit the required evaluation may result in an ineligibility determination.
EXPERIENCE: Minimum of five (5) years of investment and related governance experience, including Environmental, Social, and Governance (ESG) analysis, with an investing entity such as a bank, insurance company, public or private pension fund, or professional money management organization. Strong analytical, written, communication, and presentation skills. Strong organizational skills, project management skills, and attention to detail are required. Firm understanding of investment skills evaluating investment risk opportunities and fundamental investment analysis are also necessary. Experience working with Investment Committees and Boards is desirable.
If you are qualified and interested in this employment opportunity, please send your cover letter, resume and proof of degree via e-mail only, by September 15, 2018. All submissions must be received by 5:00 pm (close of business) on the last day of the posting period.
(Please use “Corporate Governance Officer” in the Subject Line)
New Jersey is an Equal Opportunity Employer
Additional Salary Information: Salary is commensurate with education and experience. A comprehensive benefits package is offered.
About New Jersey Division of Investment
The Division of Investment, under the supervision of the State Investment Council, is one of the largest pension fund managers in the United States. The pension fund supports the retirement plans of approximately 769,000 active and retired employees in seven public pension systems: the Consolidated Police & Firemen’s Pension Fund, the Judicial Retirement System, the Police & Firemen’s Retirement System, the Prison Officers Pension Fund, the Public Employees’ Retirement System, the State Police Retirement System and the Teachers’ Pension & Annuity Fund.