Join the Cleveland Clinic team where you will work alongside passionate team members and make a lasting, meaningful impact on patient care. Here, you will receive endless support and appreciation while building a rewarding career with one of the most respected healthcare organizations in the world.
As Executive Director of Public Equities, you will manage the capital invested in public equity-oriented funds and strategies across multiple Cleveland Clinic portfolios for superior investment returns. Other essential responsibilities in this role include assisting the VPCIO in tactical investment decisions, functioning as a CC internal advisor, reviewing individual and target date fund performances, researching new funding options and advising the Investment Working Group and/or Retirement Committee on implementing recommended adjustments. You will lead with diligence, focusing on motivating fellow team members, leadership entities and other Cleveland Clinic staff. While you may not interact with patients directly, your efforts to enhance their experience via effective financial and assets management can make a lasting difference in their lives and the community you serve every day.
A caregiver in this position works a hybrid schedule from 8:00AM — 5:00PM, with occasional domestic/international travel requirements.
A caregiver who excels in this role will:
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Monitor the performance, risk profile, portfolio positions, current events and organizational changes of CCIO's existing public equity managers.
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Complete analytical reviews to evaluate the relative performance of each sub portfolio and/or investment theme, presenting the conclusions to CCIO staff and other stakeholders.
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Manage the underwriting or re-underwriting of individual fund managers on a regular basis.
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Prepare and present portfolio level analysis and dashboards.
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Make recommendations regarding new investment opportunities and manager terminations to CCIO staff, Cleveland Clinic leadership and the Investment Committee.
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Structure and negotiate the terms of CCIO's investments in consultation with the VPCIO.
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Work with the Managing Director of Risk, Operations and Performance on operational due diligence evaluations and utilizing CCIO’s risk management system to evaluate prospective investments.
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Work with Cleveland Clinic’s internal/external legal counsel to evaluate legal contracts.
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Monitor the evolution of public equity investment universe and maintains a network with the outside investment community to expand CCIO knowledge regarding emerging investment opportunities and top performing investment managers and strategies that could be included in Cleveland Clinic’s portfolios.
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Make recommendations on portfolio rebalancing decisions for the public equity portfolio and work with CCIO staff on rebalancing initiatives for other asset classes in the portfolio.
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Compose and deliver well-organized and effective verbal/written presentations to key internal stakeholders, including Cleveland Clinic’s Board Committees.
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Manage expenses to meet annual budget and business and strategic goals.
Minimum qualifications for the ideal future caregiver include:
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Master’s Degree in a related area such as Business Administration, Accounting, Economics, Mathematics, Physics, Computer Engineering or a similar quantitatively oriented discipline
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15 years of professional experience in making direct investment or evaluating third-party investment partnerships for a university endowment, foundation, healthcare institution or family office
Preferred qualifications for the ideal future caregiver include:
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Chartered Financial Analyst (CFA) or Chartered Alternative Investment Analyst (CAIA)
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Experience in both domestic and international investment markets
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Strong technological and analytical skills
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Microsoft Excel, Bloomberg, Nasdaq’s eVestment, and Blackrock’s Aladdin. Knowledge of Dynamo, Optica (Cambridge Associates), Burgiss Private I, and BNYMellon’s ICO proficiency
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Understanding of investments, endowment and pension fund performance reporting and core concepts in risk management
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Exceptional organizational, people management and project management skills
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Demonstrated record of excellence, integrity and professionalism
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Can handle confidential information with discretion
Our caregivers continue to create the best outcomes for our patients across each of our facilities. Click the link and see how we’re dedicated to providing what matters most to you: https://jobs.clevelandclinic.org/benefits-2/
Physical Requirements:
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Ability to communicate and exchange accurate information.
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Ability to perform work in a stationary position for extended periods.
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Ability to work with physical records or operate a computer or other office equipment.
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In some locations, ability to travel throughout the hospital system.
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In some locations, ability to travel domestically and internationally.
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In some locations ability to move up to 25 lbs.
Personal Protective Equipment:
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Follows Standard Precautions using personal protective equipment as required for procedures.
Pay Range
Minimum hourly: $180.90
Maximum hourly: $391.20
The pay range displayed on this job posting reflects the anticipated range for new hires. While the pay range is displayed as an hourly rate, Cleveland Clinic recruiters will clarify whether the compensation is hourly or salary. A successful candidate’s actual compensation will be determined after taking factors into consideration such as the candidate’s work history, experience, skill set, and education. This is not inclusive of the value of Cleveland Clinic’s benefits package, which includes among other benefits, healthcare/dental/vision and retirement.
Decisions concerning employment, transfers and promotions are made upon the basis of the best qualified candidate without regard to color, race, religion, national origin, age, sex, sexual orientation, marital status, ancestry, status as a disabled or Vietnam era veteran or any other characteristic protected by law. Information provided on this application may be shared with any Cleveland Clinic Health System facility.
Please review the Equal Employment Opportunity poster
Cleveland Clinic Health System is pleased to be an equal employment employer: Women / Minorities / Veterans / Individuals with Disabilities
The policy of Cleveland Clinic Health System and its system hospitals (Cleveland Clinic Health System) is to provide equal opportunity to all of our caregivers and applicants for employment in our tobacco free and drug free environment. All offers of employment are followed by testing for controlled substance and nicotine. All new caregivers must clear a nicotine test within their 90-day new hire period. Candidates for employment who are impacted by Cleveland Clinic Health System’s Smoking Policy will be permitted to reapply for open positions after one year.
Cleveland Clinic Health System administers an influenza prevention program. You will be required to comply with this program, which will include obtaining an influenza vaccination on an annual basis or obtaining an approved exemption.