Job No: 496555 Work Type: Staff Full-time Department: Investment Office Location: Beren Campus, 245 Lexington Avenue, NY, NY, Wilf Campus, 500 West 185th Street, NY, NY Categories: Accounting/Finance
Position Summary:
The Office of Investment Management seeks an experienced, talented, and intellectually curious investor to join a small, collaborative team with responsibility for the day-to-day management of the University's $700 million endowment and other investments. As a senior member of the team, the Director of Investments will collaborate closely with the Chief Investment Officer to establish and execute a comprehensive investment strategy, provide leadership in the continued development of a best-in-class investment office, and communicate effectively with stakeholders across the University, including the Investment Committee and departments of Treasury, Accounting, Tax, Legal and Institutional Advancement.
The position is structured as a fully remote position and is subject to YU's Remote Work Policy. While relocation to the New York City area is not required and much of the work can be successfully performed remotely, regular travel to meet with managers and members of the Investment Office in New York City is expected. Meetings are generally held in Midtown.
Position Responsibilities:
The Director of Investments will contribute to the investment process by serving as a thought partner to the Chief Investment Officer. Specifically, they will play a leading role in evaluating and recommending investment opportunities across all asset classes, and collaborate on portfolio construction, asset allocation, and risk management.
Additionally, the Director of Investments will:
Work closely with the CIO to establish, review, recommend and modify strategic asset allocations, as well as tactical adjustments to the portfolio within the approved Investment Policy
Source and maintain a pipeline of investment opportunities that will provide a strategic advantage to Yeshiva University's investment portfolio
Conduct thorough due diligence on the most compelling prospective opportunities including analysis of investment strategy, process, organization, portfolio positions and performance
Maintain a network with the outside investment community to expand office knowledge regarding investment opportunities and to serve as references
Monitor performance, portfolio positions, current events, and organizational changes of Yeshiva University's existing fund managers and completing analytical reviews to evaluate the performance of each fund manager on a regular basis
Prepare and present recommendations regarding new investment opportunities and asset class updates to the Investment Office Staff, as well as presenting regularly to the Investment Committee
Collaborate with colleagues across the portfolio, including coaching and mentoring the other members of the investment team
Act as a team player within the investment team; holding others accountable, providing clarity, encouragement, and feedback, as well as being receptive to feedback and making modifications to one's approach and behaviors, as needed
Assist in building the team's reputation for professional excellence and credibility both inside Yeshiva University and throughout the investment management community
Research and lead topics of discussion on an ad-hoc basis
Extensive domestic and international travel to meet with investment managers is integral to the role. All travel is subject to our business travel guidelines.
Experience & Educational Background:
The successful candidate will possess a minimum of 15 years of experience managing investments across a broad range of asset classes in an institutional context, such as at a university endowment, foundation, pension fund, fund of funds, consulting firm, family office, hedge fund, institutional asset management firm or similar organization.
MBA and/or CFA preferred
Skills & Competencies:
Strong working knowledge of portfolio theory, global markets and valuation signals, derivatives, and other investment strategies
Strong investment track record through complete market cycle(s)
Ability to incorporate rigorous qualitative and quantitative analyses in the evaluation of investment strategies, human and organizational dynamics, investment processes, and investment performance
Ability to think creatively and independently when exploring investment themes and off-the-run strategies
Curious, proactive mindset with an evident passion for investing
Clear investment philosophy, with the ability to remain intellectually open to new ideas, approaches, and feedback
Effective oral and written communication skills, with an emphasis on the ability to engage in robust, constructive investment dialogue
Experience serving in a leadership/managerial position (e.g., hiring, supervision, conducting performance reviews)
Demonstrated ability to work effectively with a wide range of stakeholders
Ability to further establish Yeshiva University as a desired LP to top-tier investment managers
Willingness to lead or assist on efforts to build out the platform outside of day-to-day investing
Possessing the highest level of integrity, honesty, and sense of fiduciary duty
Salary Range:
$225,000 - 375,000
About Us:
Founded in 1886, Yeshiva University (YU) has a strong tradition of combining Jewish scholarship with academic excellence and achievement in the liberal arts, sciences, medicine, law, business, social work, Jewish studies, education, psychology, and more.
We are a leading global educational institution that employs 2,000 people across our various campus locations -- Wilf Campus, Beren Campus, Brookdale Center, Resnick Campus in the Bronx, the Gruss Institute in Jerusalem, the Boys High School in Manhattan and the Girls High School in Queens. From the distinguished faculty who teach here, to the dedicated staff, we work to fulfill our mission through all that we teach, by all that we do and for all those we serve. We seek to attract and retain engaged and committed individuals who contribute to an exciting working environment, where there is a sense of community and belonging, balanced with a significant cross section of people from diverse backgrounds working and studying together.
The University offers an excellent compensation package, and a broad range of employee benefit plans, including immediate participation in the University's retirement plan. Staff members are typically eligible for four weeks paid vacation each year and have access to a shuttle to nearby subway locations.
Equal Employment Opportunity:
Yeshiva University is an equal opportunity employer committed to hiring minorities, women, individuals with disabilities and protected veterans.
Yeshiva University has been transforming lives for more than a century. Nowhere but here can students have a personal, small college experience while benefitting from the academic rigor of a top ranked research university. Since its inception YU has been dedicated to melding the ancient traditions of Jewish law and life with the heritage of Western civilization, and each year we celebrate as future leaders make YU their home. Yeshiva University is an equal opportunity employer committed to hiring minorities, women, individuals with disabilities and protected veterans.