Chicago Municipal Pension Looks for CIO


The Chicago Municipal Employees’ Employees’ Annuity & Benefit Fund is looking for a new chief investment officer to replace Michael Walsh, who left the fund in October for a high-level position at another pension fund.

The desired experience and education requirements for the position, according to the job posting:

*Advanced degree in a business, related major or the CFA designation or commitment to completing the designation are preferred

*Leadership experience in a similar institution, organization or government agency;

experience in a public pension system is desirable

*Good understanding of institutional investment management

*Management of staff experience

*Ability to analyze and evaluate investment managers; solid understanding of and experience with the due diligence process

*Experience working with a Retirement Board, investment consultants, auditors, and actuaries

*Basic technology skills and knowledge

*Experience in management of institutional assets is preferred

*Fundamental accounting skills

*Knowledge of the Illinois Pension Code

The full job posting can be found here.

Application are due on Feb. 25 by 4:30 p.m. central time.


Photo by bitsorf via Flickr CC License

Ventura County Pension Seeks CIO

 California flag

California’s Ventura County Employees’ Retirement Association (VCERA) is currently without a chief investment officer. But the fund is looking to hire one.

The description of the position, from the VCERA recruiting brochure:

Under general direction of VCERA’s Board of Retirement, in conjunction with the Retirement Administrator, the Chief Investment Officer serves as the in-house investment expert and acts as a liaison to the Board’s investment consultant and investment managers providing independent analysis of their investment proposals; administers, monitors and evaluates the investment program, including asset allocation, and rebalancing under the authority of the Board; and plans and develops investment strategies. This position is exempt from civil service and serves at the pleasure of the Board.

Duties of the Chief Investment Officer include, but are not limited to:

– Evaluates and provides reports on all types of investment products, including real estate, and alternative investments such as private equity, infrastructure, and limited partnerships, analyzing suitability for VCERA.

– Provides advice to the Board on recommended investment strategies and tactics, and reviews new strategies in coordination with the investment consultant.

– Reviews asset allocations and performs rebalancing in coordination with the Chief Financial Officer, pursuant to Board Policy.

The deadline for applications if January 26.

The recruiting brochure, which contains a full description of the position, can be read here.