Vice President and Chief Investment Officer

1 month ago

Chicago, United States MacArthur Foundation Full time

The Vice President and Chief Investment Officer (VP/CIO) is responsible for overseeing the management of the Foundation's $8.7B investment portfolio through the leadership of the Investment Department’s 17-person investment team. The incoming leader will embody the core values of the Foundation and promote those values through their work.

A primary responsibility of the VP/CIO is to develop and recommend an overarching investment policy, asset allocation, and strategy to the Investment Committee for approval. Once approved, the VP/CIO oversees the implementation, modifications, and ongoing management of the strategy, primarily through the selection and oversight of external investment managers. Additionally, the VP/CIO ensures the integration of ESG (Environmental, Social, and Governance) principles and manager diversity within the portfolio. The VP/CIO maintains regular engagement with the Investment Committee and ensures the timely and accurate reporting of investment performance to both the Committee and the Board.

As a senior officer, the VP/CIO reports to the President and collaborates closely with other senior officers of the Foundation including the investment committee. The VP/CIO may also engage in ad-hoc responsibilities as engaged and defined by the President.

Job Description

TO APPLY

Heidrick & Struggles has been exclusively retained for this engagement. To express interest in this role please submit your materials via email to macarthurfoundation@heidrick.com Subject: MacArthur Foundation.

Responsibilities

As the Chief Investment Officer of the MacArthur Foundation, this leader will also maintain accountability for the following essential duties and responsibilities:

  • Direct the oversight of investment and management of the Foundation’s assets
  • Formulate and recommend to the investment committee an overall investment strategy and long-term investment portfolio for the investment, management and allocation of the Foundation’s assets.
  • Evaluate and screen potential external investment managers and recommend qualified managers for retention and approval
  • Oversee internal controls and conduct regular risk assessments of investment activities, implementing changes as necessary to mitigate risks
  • Conduct ad-hoc analyses as requested by the President, Investment Committee, or other stakeholders
  • Stay informed on investment trends, regulatory developments, and potential risks to proactively address emerging issues
  • Lead and develop the investment team, ensuring alignment with department objectives and fostering a high-performance and mission-aligned culture
  • Direct the maintenance of the Foundation’s financial records and principal financial accounts, ensuring accuracy and compliance with applicable standards

Qualifications

The Chief Investment Officer will be a proven leader with the ability to influence stakeholder groups in the strategic positioning of an investment portfolio intended to meet organizational objectives. This individual will leverage a combination of communication and analytical skills, together with a technical grounding in modern portfolio theory to direct a scaled cross-asset class investment capability on behalf of the Foundation. A deep appreciation of risk and reward implications involved in making investments in each strategy is required. Other essential qualifications include:

  • 15 years’ experience in investing and other related fields including at least 10 years of deep leadership, supervisory, and management experience
  • Demonstrated track record of producing strong, risk-adjusted returns and managing large portfolios with the ability to align the endowment with the MacArthur Foundation mission
  • Unquestioned ethics and integrity; this person will be well respected within the investment community, not only for his/her technical skills, but also for his/her credibility and high standards of professional conduct
  • Proven leadership skills with an ability to inspire staff while dealing with multiple constituencies; must be committed to a collaborative process, while exhibiting determination to drive an agenda needed to attain high performance. Must believe in and practice accountability, candor, creativity, participative decision-making, and employee empowerment
  • Exceptional interpersonal, written and verbal communication skills; with the confidence and maturity to articulate complex investment issues to an audience with varying levels of investment expertise
  • Excellent diplomatic, meeting facilitation, negotiation, and conflict resolution skills
  • A technical understanding of derivatives and overlay strategies, including their role in managing risk, enhancing portfolio returns, and optimizing asset allocation
  • Master’s degree, CFA or other advanced degrees in a relevant field strongly preferred

Annual salary for this role will start at $750,000 plus incentive bonus eligibility.

The position is hybrid and based in Chicago, Illinois.

Physical Requirements And Work Environment

The work environment is an office setting. Intermittent physical activities will include bending, reaching, sitting, and moving around the office during working hours. Reasonable accommodations may be made to enable a person with physical disabilities to perform the job.

TO APPLY

Heidrick & Struggles has been exclusively retained for this engagement. To express interest in this role please submit your materials via email to macarthurfoundation@heidrick.com Subject: MacArthur Foundation. #J-18808-Ljbffr

  • Vice President and Chief Investment Officer

    2 months ago

    Chicago, United States MacAthur Foundation Full time

    The Vice President and Chief Investment Officer (VP/CIO) is responsible for overseeing the management of the Foundation's $8.7B investment portfolio through the leadership of the Investment Department’s 17-person investment team. The incoming leader will embody the core values of the Foundation and promote those values through their work. A primary...

  • Vice President of Investments

    3 weeks ago

    Chicago, United States Cabrera Capital Markets, LLC Full time

    Vice President of Investments is a critical member of the team, supporting financial analysis for all Cabrera Capital Partners lines of business, including developments, real estate advisory, and other areas as they are created. The Vice President will create valuation and cash flow models, conduct in-depth market research, and provide critical risk...

  • Chief Investment Officer Blog Post

    1 month ago

    Chicago, United States Allocator Jobs Full time

    The John D. and Catherine T. MacArthur Foundation supports creative people, effective institutions, and influential networks building a more just, verdant, and peaceful world. MacArthur is placing a few big bets that truly significant progress is possible on some of the world’s most pressing social challenges, including over-incarceration, global climate...

  • Chief Investment Officer Blog Post

    4 weeks ago

    Chicago, IL, United States Allocator Jobs Full time

    The John D. and Catherine T. MacArthur Foundation supports creative people, effective institutions, and influential networks building a more just, verdant, and peaceful world. MacArthur is placing a few big bets that truly significant progress is possible on some of the world’s most pressing social challenges, including over-incarceration, global climate...

  • Vice President of Lending and NMTC

    2 weeks ago

    Chicago, United States NATIONAL COMMUNITY INVESTMENT FUND Full time

    National Community Investment FundVice President of Lending and NMTCNational Community Investment Fund (NCIF; www.ncif.org) is an impact investor and national nonprofit Community Development Financial Institution (CDFI) formed in 1996 with a mission to increase access to responsible financial products and services in underserved communities. NCIF focuses on...

  • Vice President of Lending and NMTC

    2 months ago

    Chicago, United States NATIONAL COMMUNITY INVESTMENT FUND Full time

    National Community Investment Fund Vice President of Lending and NMTC National Community Investment Fund (NCIF; www.ncif.org) is an impact investor and national nonprofit Community Development Financial Institution (CDFI) formed in 1996 with a mission to increase access to responsible financial products and services in underserved communities. NCIF...

  • Vice President of Business Development

    3 months ago

    Chicago, United States Illinois CPA Society Full time

    A leading Lower Middle Market Private Equity firm focused exclusively on healthcare investing, is looking to build out their Business Development team, by adding a Vice President of Business Development. The primary responsibility of the Vice President of Business Development will be to lead the firms deal sourcing initiatives, identifying and cultivating...

  • Vice President

    2 weeks ago

    Chicago, United States CLevelCrossing Full time

    Vice President - Academic and Student AffairsWork type: Full Time AdministrativeLocation: Indianapolis, INCategories: Administrative/ProfessionalGeneral Description of Position: The Vice Chancellor of Workforce and Career Development serves as the primary advisor to the Chancellor...General Purpose and Scope of Position: The Vice Chancellor for Academic...

  • Vice President

    3 days ago

    Chicago, United States Selby Jennings Full time

    Company Overview: They are a leading private equity firm specializing in the industrials, healthcare, and busniess services industries. They are committed to driving growth and creating value for their portfolio companies through strategic investments and hands-on management. Their team is composed of experienced professionals dedicated to excellence and...

  • Vice President

    13 hours ago

    Chicago, United States Selby Jennings Full time

    Company Overview: They are a leading private equity firm specializing in the industrials, healthcare, and busniess services industries. They are committed to driving growth and creating value for their portfolio companies through strategic investments and hands-on management. Their team is composed of experienced professionals dedicated to excellence and...

  • Vice President

    17 hours ago

    Chicago, United States Selby Jennings Full time

    Company Overview: They are a leading private equity firm specializing in the industrials, healthcare, and busniess services industries. They are committed to driving growth and creating value for their portfolio companies through strategic investments and hands-on management. Their team is composed of experienced professionals dedicated to excellence and...

  • Senior Vice President, Institutional and Program Accreditation Specialist

    6 days ago

    Chicago, Illinois, United States ACGME Full time

    Job DescriptionThe Senior Vice President, Institutional and Program Accreditation will work collaboratively with the Chief Accreditation Officer to oversee the activities of Executive Directors who support the accreditation of graduate medical education (GME) Sponsoring Institutions and programs. This role will collaborate with the Chief Accreditation...

  • Chief Investment Officer Leader

    4 weeks ago

    Chicago, Illinois, United States Allocator Jobs Full time

    The Allocator Jobs is a renowned organization dedicated to fostering creative individuals, effective institutions, and influential networks that drive positive change worldwide.As a prominent member of our team, you will have the opportunity to shape the future of investing and make a meaningful impact on society. We are seeking an exceptional leader to fill...

  • Vice President

    3 days ago

    Chicago, United States Selby Jennings Full time

    Job DescriptionJob DescriptionCompany Overview: They are a leading private equity firm specializing in the industrials, healthcare, and busniess services industries. They are committed to driving growth and creating value for their portfolio companies through strategic investments and hands-on management. Their team is composed of experienced professionals...

  • Private Equity Vice President

    3 days ago

    Chicago, United States Selby Jennings Full time

    A Private Equity firm based out of Chicago with a strong track record of creating value for our investors and portfolio companies is strategically looking to add a Vice President to their team. The firm specializes in lower middle-market investments across various industries and is committed to fostering growth, innovation, and sustainability. The team is...

  • Private Equity Vice President

    2 days ago

    Chicago, United States Selby Jennings Full time

    A Private Equity firm based out of Chicago with a strong track record of creating value for our investors and portfolio companies is strategically looking to add a Vice President to their team. The firm specializes in lower middle-market investments across various industries and is committed to fostering growth, innovation, and sustainability. The team is...

  • Private Equity Vice President

    13 hours ago

    Chicago, United States Selby Jennings Full time

    A Private Equity firm based out of Chicago with a strong track record of creating value for our investors and portfolio companies is strategically looking to add a Vice President to their team. The firm specializes in middle-market investments across various industries and is committed to fostering growth, innovation, and sustainability. The team is...

  • Private Equity Vice President

    3 days ago

    Chicago, United States Selby Jennings Full time

    A Private Equity firm based out of Chicago with a strong track record of creating value for our investors and portfolio companies is strategically looking to add a Vice President to their team. The firm specializes in middle-market investments across various industries and is committed to fostering growth, innovation, and sustainability. The team is...

  • Private Equity Vice President

    2 months ago

    Chicago, United States Selby Jennings Full time

    A Healthcare-Focused Private Equity firm based out of Chicago with a strong track record of creating value for their investors and portfolio companies is strategically looking to add a Vice President to their team. The firm specializes in middle-market investments across various industries within Healthcare and is committed to fostering growth, innovation,...

  • Private Equity Vice President

    17 hours ago

    Chicago, United States Selby Jennings Full time

    A Private Equity firm based out of Chicago with a strong track record of creating value for our investors and portfolio companies is strategically looking to add a Vice President to their team. The firm specializes in middle-market investments across various industries and is committed to fostering growth, innovation, and sustainability. The team is...