At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better. Join us and build an exceptional experience for yourself, and a better working world for all.The exceptional EY experience. It's yours to build.EY focuses on high-ethical standards and integrity among its employees and expects all candidates to demonstrate these qualities.Director, Deputy Chief Investment Officer (Stamford, CT)The Director, Deputy Chief Investment Officer is responsible for the full spectrum of investment related activities for the US firm’s qualified and non-qualified retirement plans, including investment strategy development, portfolio construction, investment manager evaluation and selection, and performance and regulatory reporting. The firm’s various retirement plans represent approximately $28.2B assets under management as of December 31, 2024, segregated as follows: Partner DBRP - $2.8B; Staff DBP - $2.3B; Inactive DBRP - $2.2B HR10 - $2.5B;; Rabbi Trusts - $281M; 401(k) - $18.2The OpportunityReporting to the Chief Investment Officer, (CIO), the position has three primary functions as related to the firm’s investment activities: (1) develops and provides investment strategy recommendations; (2) manages all operational aspects of the investment plans and strategy, including implementing investment structure; and (3) lead two or three direct reportsThe ideal candidate will be a thought partner to the CIO and a strong strategic planner. This individual will also have a diverse investment management background, and people management skills. The Deputy Chief Investment Officer reports to the Chief Investment Officer and assists in developing and implementing investment policies.Your key responsibilities:The Director, Deputy Chief Investment Officer will be responsible for analyzing the appropriateness of a broad range of investment opportunities, with consideration of investment objectives and risk tolerance. This individual will:
Address complex, unique problems specific to pension/retirement plans. Make certain all operational decisions comply with the internal control framework established by the Retirement Investment Committee (RIC), Americas and Global Independence, and legal requirements established by various regulatory bodies.
Have a significant level of autonomy in interpreting US pension rules and regulations
Analyze new legal and regulatory developments impacting EY’s retirement plans/investment strategy.
Oversee compliance with firm and regulatory policies and rules, with a particular focus on process improvement and policy development regarding investments.
Review existing policies and procedures as needed, identify areas of weakness or improvement, implement change and share knowledge with the RIC as appropriate.
Optimizing the investment performance of assets within a framework, taking into consideration benchmarks (i.e. relative performance), risk parameters, asset allocation constraints, and asset/liability matching.
Managing the review of asset-liability results with the third-party investment consultant and developing asset allocation policy recommendations for RIC approval.
Lead the tactical asset allocation process, drive change and sophistication into the investment process and managerial support for the CIO Optimizing.
Continously seek and lower cost allowable structure for all investment strategies.
Preparing monthly rebalencing recommendations whhich incorporate current and furure cash flows for approval by the CIO.
Lead and manage special projects.
Developing quantitative and qualitative evaluation metrics to conduct initial in-depth due diligence (including operational due diligence) and on-going monitoring of the key service providers.
Managing risk, including but not limited to total portfolio risk metrics, effectiveness of liability hedging assets, manager exposures, holding exposures, monitoring securities lending program and counterparty risk.
Working with Americas and Global Independence to make certain all investments and third party service providers are not proscribed and all investments are in compliance with joint investing considerations.
Managing all performance measurement, including developing policy benchmarks, fund benchmarks, and peer group comparisons.
Making certain the retirement plans have adequate liquidity to meet benefit obligations timely.
This position may directly supervise one or two additional staff members in the near term. Due to the nature of the position, the individual will also help manage the firm’s relationships with the external investment consultant (HEK) and the myriad of individuals who manage the portfolios/funds in which the firm and its personnel invest.
To qualify for the role, you must have
10+ years of applicable experience is required.
The Director, Deputy Chief Investment Officershould be a subject matter leader with respect to investments. This position requires specialty knowledge on pension accounting, funding regulations, and capital market developments affecting the firm’s retirement plans.
The Director, Deputy Chief Investment Officershould have an in-depth knowledge of applicable SEC, AICPA and Americas/Global Independence rules and policies. The individual also needs detailed in depth knowledge and experience with various analytical tools and leads the development and integration of analytics for traditional and non-traditional investments. The individual should have an acute understanding of the financial markets and various drivers affecting the market.
An undergraduate degree or equivalent experience in a related field like accounting finance, or economics is required. An MBA and or a CFA are preferred.
Chartered Financial Analyst (CFA) a plus
Ability to travel as the position will require 15% to 30% travel as needed for conferences, investment manager reviews and other duties requested by the RIC or CIO.
Ability to appropriate amount of hours to get the job(s) complete.
What we offerWe offer a comprehensive compensation and benefits package where you’ll be rewarded based on your performance and recognized for the value you bring to the business. The base salary range for this job in all geographic locations in the US is $192,900 to $382,000. The salary range for New York City Metro Area, Washington State and California (excluding Sacramento) is $231,500 to $434,100. Individual salaries within those ranges are determined through a wide variety of factors including but not limited to education, experience, knowledge, skills and geography. In addition, our Total Rewards package includes medical and dental coverage, pension and 401(k) plans, and a wide range of paid time off options. Join us in our team-led and leader-enabled hybrid model. Our expectation is for most people in external, client serving roles to work together in person 40-60% of the time over the course of an engagement, project or year. Under our flexible vacation policy, you’ll decide how much vacation time you need based on your own personal circumstances. You’ll also be granted time off for designated EY Paid Holidays, Winter/Summer breaks, Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.
Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.
Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs.
Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.
EY accepts applications for this position on an on-going basis. If you can demonstrate that you meet the criteria above, please contact us as soon as possible.EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.For those living in California, please click here (https://ey-preview.ey.com/content/ey-unified-site/ey-com/local/us/enus/home/legal-and-privacy/fair-chance-ordinance.html?token=68cf9ed2-94e5-4db9-83cf-5c6aa14619de) for additional information.EY is an equal opportunity, affirmative action employer providing equal employment opportunities to applicants and employees without regard to race, color, religion, age, sex, sexual orientation, gender identity/expression, pregnancy, genetic information, national origin, protected veteran status, disability status, or any other legally protected basis, including arrest and conviction records, in accordance with applicable law.EY is committed to providing reasonable accommodation to qualified individuals with disabilities including veterans with disabilities. If you have a disability and either need assistance applying online or need to request an accommodation during any part of the application process, please call 1-800-EY-HELP3, select Option 2 for candidate related inquiries, then select Option 1 for candidate queries and finally select Option 2 for candidates with an inquiry which will route you to EY’s Talent Shared Services Team (TSS) or email the TSS at ssc.customersupport@ey.com