OCIO Chief Investment Officernew

 

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed.  We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

About U.S. Bancorp Asset Management, Inc. (USBAM)
USBAM is a registered investment advisor and the institutional asset management organization within U.S. Bank.  USBAM manages more than $400 billion in assets in money markets/liquidity, investment grade fixed income, Outsourced Chief Investment Officer (OCIO), and securities lending mandates.  USBAM’s OCIO team manages more than $30 billion in assets for clients including public, private and Taft-Hartley defined benefit pensions; OPEB plans; endowments and foundations; not-for-profits; and other institutional clients invested in global equity, fixed income and alternative asset classes.

Role Summary

The Chief Investment Officer, Institutional OCIO (the “CIO”) is a key executive responsible for shaping and executing the investment strategy for OCIO clients. The CIO serves as a public-facing thought leader, elevating USBAM’s investment capabilities and driving innovation to meet the evolving needs of institutional OCIO clients.  This role will be active on various investment committees and working groups that help formulate, implement and execute strategies for client portfolios and will provide leadership across portfolio management, capital markets and manager research, and product development, ensuring alignment with client objectives and regulatory standards.

Key Responsibilities

• Define and lead OCIO investment strategy development ensuring consistent execution and risk management

• Oversee all OCIO portfolio management, asset allocation, trading activities, and investment policy development for various market segments

• Drive product innovation and research to address client needs and market opportunities

• Collaborate with senior leaders at USBAM to deliver integrated solutions

• Represent USBAM externally through development of thought leadership, media engagement, industry forums, and client events

• Participate in select client and prospect discussions to articulate investment philosophy and capabilities

• Lead investment team, investment committees, and maintain awareness of emerging strategies and market trends

Basic Qualifications

- Bachelor's degree, or equivalent work experience

- 10 or more years of experience

Preferred Skills/Experience

• Proven track record of leadership in an investment management organization

• Favorable long-term investment performance track record for related products and strategies

• Deep expertise in global multi-asset class portfolio construction, asset allocation, and investment strategy development

• Strong understanding of regulatory and compliance requirements, including those applicable to SEC-registered investment advisors, mutual funds and ERISA

• Exceptional communication skills, including media and public speaking experience

• Ability to lead through influence in a matrixed organization and develop high-performing teams

• CFA/CAIA designation and/or advanced degree strongly preferred

The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits: 

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

• Healthcare (medical, dental, vision)

• Basic term and optional term life insurance

• Short-term and long-term disability

• Pregnancy disability and parental leave

• 401(k) and employer-funded retirement plan

• Paid vacation (from two to five weeks depending on salary grade and tenure)

• Up to 11 paid holiday opportunities

• Adoption assistance

• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $170,255.00 - $200,300.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.