In the Office of the State Treasurer this class is accountable for monitoring, reporting, evaluating and recommending investment opportunities for public or private market investments and for risk management oversight of the assets of the retirement plans and trust funds.
The class has administrative responsibility for the Connecticut Retirement Plans and Trust Funds (CRPTF). Individual positions serve as the subject matter expert over their assigned investment area.
- PUBLIC MARKETS: Responsible for global fixed income or global public equity asset classes in adherence with all aspects of the investment policy statement.
- PRIVATE MARKETS: Responsible for private market investments in adherence with all aspects of the investment policy statement. Private market classes include, but are not limited to real estate, private equity and alternative strategies.
- RISK MANAGEMENT: Responsible for the management oversight of risk for CRPTF.
Receives administrative direction from the Chief Investment Officer or Deputy Chief Investment Officer.
Supervises professional and clerical staff as assigned.
PUBLIC AND PRIVATE MARKETS:
- Considerable knowledge of
- investment practices and procedures;
- specific disciplines required for performance of duties (fixed income, short term investments, public equity etc.);
- and ability to apply management principles and practices;
- Considerable
- interpersonal skills;
- oral and written communication skills;
- Considerable ability to
- analyze and evaluate investment alternatives;
- prepare financial and analytical reports;
- plan and maintain appropriate controls and records of investment transactions;
- Supervisory ability.
RISK MANAGEMENT:
- Considerable knowledge of
- investment and risk management practices and procedures;
- private market disciplines required for performance of duties;
- and ability to apply management principles and techniques;
- Considerable
- interpersonal skills;
- oral and written communication skills;
- Considerable ability to analyze and evaluate public and private market investments;
- Ability to
- prepare and model financial and analytical reports;
- plan and maintain appropriate controls and records of investment transactions;
- Supervisory ability.
PUBLIC AND PRIVATE MARKETS: A Bachelor's degree in business administration, finance, accounting, economics or a closely related field and ten (10) years of progressively relevant investment experience with a public pension plan, foundation endowment, trust organization, investment banking firm or financial consulting firm with responsibility for the formulation and/or implementation of investment policy for substantial portfolios utilizing all major public markets or major private market asset classes.
RISK MANAGEMENT: A Bachelor's degree in business administration, finance, accounting, economics or a closely related field and ten (10) years of progressively relevant investment experience with a public pension plan, foundation endowment, trust organization, investment banking firm or financial consulting firm with responsibility for the formulation and/or implementation of investment policy for substantial portfolios utilizing all major asset classes and strategies.
A Master's Degree in finance, accounting, economics or a closely related field or a Chartered Financial Analyst (CFA), a Certified Public Accountant (CPA), or a Chartered Alternative Investment Analyst (CAIA) is preferred for Public Markets, Private Markets and Risk Management.
Appointed by the State Treasurer in accordance with Section 3-13a of the Connecticut General Statutes.
Compensation for this class shall be determined by the Treasurer within salary ranges established by the Treasurer in consultation with the Investment Advisory Council.
NOTE: Incumbents in this class are subject to the policies governing appointed officials. Incumbents are not subject to Section 5-210 of the C.G.S.
As defined by Sec. 5-196 of the Connecticut General Statutes, a job class is a position or group of positions that share general characteristics and are categorized under a single title for administrative purposes. As such, a job class is not meant to be all inclusive of every task and/or responsibility.
This replaces the existing specification for the class of Principal Investment Officer in Salary Group VR 99 approved effective October 14, 2016. (Reviewed for content and revised to modernize format and add Acknowledgement section) Final No. 23-294