Description

Responsibilities

  • Develops and executes investment policy, strategy, and procedures to optimize returns at risk levels appropriate for the Foundation
  • Works closely with the Director of Finance to ensure investment strategy, policy, and asset allocation align with the Foundation’s financial outlook and liquidity needs
  • Integrates the Foundation’s values into investment strategy, policy, and decisions
  • Brings forward innovative investment topics and ideas for discussion with Governors and members of the Senior Leadership Team
  • Identifies and sources investment opportunities and products that support the Foundation’s investment and mission objectives, including responsible investing goals
  • Stewards the Foundation’s mission and vision by clearly articulating the value of the Foundation’s work to investment managers and other external parties
  • Analyzes risk, return, and asset mix at the portfolio and manager level
  • Identifies emerging risks and performs stress testing under various scenarios
  • Oversees the annual review of the Foundation’s Investment Policy
  • Continually develops and applies the Foundation’s Responsible Investing Philosophy
  • Oversees periodic asset mix reviews, working in close collaboration with the Investment Advisor
  • Collaborates with the Director of Finance in the selection of deposit products such as GICs, term deposits, and interest-bearing savings accounts, and in developing Treasury strategy and policy that best serves the Foundation’s investment objectives and operational needs
  • Provides insight into interest rate outlook and capital market trends, proactively communicating implications for the Foundation’s strategy
  • Collaborates with other law foundations to share learnings and best practices, and maintain a sound understanding of the investment landscape across Canada
  • Maintains and executes a strong investments governance framework to ensure the responsible management of the Foundation’s investments in accordance with professional standards and fiduciary obligations
  • Maintains the Foundation’s reputation by supporting a positive, inclusive, and reciprocal culture, both internally and in relationships with investment managers and advisors
  • Organizes the Investments Subcommittee meetings, including preparing the agendas and owning responsibility for reporting to committee members
  • Prepares clear, decision-focused performance and compliance reporting for the Investments Subcommittee
  • Works closely and collaboratively with other members of the Finance team to develop, maintain, and present financial reporting related to investments
  • Delivers presentations regarding the Foundation’s investments to the Board, Finance and Operations Committee, Investments Subcommittee, and Senior Leadership Team as applicable
  • In collaboration with the external Investment Advisor: Oversees total portfolio performance across all asset classes
  • Holds primary responsibility for oversight of investment managers
  • Establishes and monitors portfolio risk and performance metrics
  • Gathers, assesses the completeness of, and analyzes all periodic reporting from investment managers
  • Assesses the performance of investment managers, both in terms of risk/return and regarding responsible investing objectives, ensuring performance meets or exceeds investment objectives over the long term
  • Ensures compliance with all applicable legal, regulatory, professional and fiduciary standards
  • Monitors manager activity for adherence to guidelines, constraints, contract terms, investment philosophy and stated risk tolerance
  • Solicits feedback from the Investments Subcommittee in the assessment of investment performance and making decisions in response to performance findings
  • Leads investment manager selection, onboarding, and termination processes
  • Conducts due diligence and review, and makes recommendations regarding investment manager selection
  • Analyzes investment management fees and negotiates rates and fee structures with investment managers
  • Assists Finance team members with gathering information for periodic accounting transactions, investment reconciliations, and audit documentation
  • In partnership with the Director of Finance, Director of Communications, and Manager of Trust Accounting, maintains excellent working relationships with investment managers and other financial institution contacts, including through regular in-person meetings and attendance at events
  • Maintains a close working relationship with the Foundation’s investment advisors to ensure sound oversight of the Foundation’s investments
  • Collaborates closely with the Director of Finance, Controller, and/or Manager of Trust Accounting on cross-functional strategy, policy and procedure, including the management of financial institution relationships
  • Works closely with other members of the Finance team to ensure the efficient and effective operation of investment-related transactions, including funding and withdrawal transfers
  • Stays current on industry practices, innovative investment ideas, investment managers and consultants
  • Maintains the Foundation’s status as a respected member of the investment community and one of the leading Foundations in BC

Requirements

  • Senior leadership experience in directing complex decisions related to large ($200M+) multi-asset class portfolios
  • 10+ years of institutional investment experience, ideally in endowment/foundation models, pension funds, and/or asset management
  • CFA or equivalent experience and education
  • Strong understanding of portfolio construction, risk management frameworks, and private and public markets
  • Strong understanding of responsible investing principles and how investment professionals measure, manage and integrate ESG and other responsible investing factors within their strategy and processes
  • Familiarity with the impact-investment landscape in Canada
  • Experience overseeing both the strategic and operational aspects of managing one or more investment portfolios
  • Experience with progressive management and leadership at a senior organizational level
  • Experience collaborating with external service providers, including custodians, consultants and investment managers
  • Strong quantitative analysis skills
  • Strong understanding of investment-related risk management
  • Experience working with Boards and Investment Committees

Certifications & Qualifications

  • CFA

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