Church Pension Group (CPG) is a financial services organization that serves the Episcopal Church, located in Midtown Manhattan. CPG was founded in 1917 to provide pension benefits to eligible clergy of the Episcopal Church. Since then, its mission has expanded to include life and disability insurance, health benefits, property & casualty insurance, and publishing.
The Director - Investments will work with the Head of Risk to analyze risk across the portfolio and within individual asset classes. This individual will be responsible for monitoring and reviewing overall portfolio asset allocation, hedges, and liquidity management, providing analysis and reports. This role will also contribute to CPG’s Operational Due Diligence (“ODD”) program, focusing on new and existing external investment managers across multiple asset classes.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
- Work with various risk systems to understand total portfolio risk and asset class risk.
- Create useful risk reports to be shared with the CIO and asset class teams to provide them with a better understanding of risk across the portfolio and within asset classes.
- Perform stress testing and scenario analysis.
- Use capital market assumptions to project portfolio returns and volatility.
- Monitor markets, current positions, and trades.
- Interact with overlay manager and custodian for over $4 billion in gross derivatives exposure.
- Monitor liquidity through monthly sources and uses framework and assist with annual liquidity stress test.
- Prepare Operational Due Diligence (ODD) evaluations and present considerations/conclusions at Investment Committee meetings. Attend ODD meetings with consultants, prospective managers, and Investments Group as needed.
- Review recommended trading and monitoring for overall strategic and tactical asset allocation for the portfolio.
- Review and monitor overall trading for the following strategies:
- Portable Alpha Strategies
- Fixed income duration
- Currency hedges
- Related tasks and responsibilities may be assigned.
Effective performance of the essential functions of this position requires regular in-person, on-site interaction with colleagues, both for purposes of relationship building and meaningful collaboration.
QUALIFICATIONS
- Understanding of and curiosity about risk management, asset allocation, and capital markets
- Ability to analyze and present results in charts and tables
- Familiarity with calculating investment returns and statistics
- Strong quantitative aptitude and knowledge
- Ability to reach conclusions
- Close attention to detail and a focus on accuracy
- Advanced Microsoft office skills (Excel, Word)
- Effective communication skills, both verbal and written
- Ability to recommend and implement process improvements
- Understanding of derivatives and Bloomberg desired
EDUCATION & EXPERIENCE
- BA/BS required, in economics/finance preferred
- Masters in finance, MBA, CFA, or CAIA designation preferred
- 7+ yrs investment related experience demonstrating analytical aptitude
PHYSICAL DEMANDS
Extensive use of a computer keyboard is a demand of the position to perform the essential functions of this job successfully.
- Travel may be required but limited. Travel conditions may vary.
WORK ENVIRONMENT
Currently, hybrid work environment, which requires working in CPG’s office Tuesdays through Thursdays and flexibility to work remotely on Mondays and Fridays. Church Pension Group employees must maintain a professional, compassionate, and trustworthy work environment always. Reasonable accommodations may be made to enable someone with a disability to perform the essential functions of the job within this environment.
Salary Range: $190K - $225K
Join us and Create A Better Future For Yourself!
Flexible Benefits available to eligible employees:
- Medical (including Vision)
- Dental
- Supplemental Dental
Core Benefits automatically provided to eligible employees:
- Employer funded defined benefit pension plan (five year vesting)
- Employee Life Insurance
- Spouse and Dependent Life Insurance
- Accidental Death and Dismemberment (AD&D) Insurance
- Short-Term Disability (STD) coverage
- Long-Term Disability (LTD) coverage (elected as either pre-tax or after-tax)
- Business Travel Accident Insurance
- Worker’s Compensation
- Employee Assistance Program
- Retiree health insurance (eligible after 10 years)
- Retiree life insurance
Elective Benefits available to eligible employees:
- 401(k) with matching contributions (immediate vesting)
- Flexible Spending Accounts (FSAs)
- Commuter Benefits
- New York’s 529 College Savings Program (NY State residents)
Educational Assistance Program available to eligible employees
Maternity/Paternity Leave available to eligible employees
Time Off available to eligible employees: Vacation, Sick, Personal and Holidays
In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification document form upon hire. Please understand that, as a general policy, CPG does not sponsor visas.
EOE: Minorities/Female/Disability/Vet/Sexual Orientation
If you are a CPG employee, please use your CPG email address when creating your profile to apply.
Salary :
Remote / Work from Home
Activate JobCopilot
Your email job alert is now active!