Deputy Chief Investment Officer (DCIO)

Department: Investment Management Unit

Reports To: City Treasurer

Location: City of Hartford Treasurer’s Office

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Position Overview

The City of Hartford Treasurer’s Office is seeking a highly qualified and experienced investment professional to serve as the Deputy Chief Investment Officer (DCIO). This role supports the management and oversight of the City’s investment programs, including the Municipal Employees Retirement Fund (MERF), Other Post Employment Benefits (OPEB) Trust, and the Deferred Compensation Plan (DCP), collectively referred to as “the Plans.”

The DCIO will work closely with the City Treasurer and Chief Investment Officer (CIO) to develop and implement investment strategies, monitor portfolio performance, and ensure compliance with fiduciary and regulatory standards. This position plays a key role in safeguarding and growing the assets of the Plans to enhance the financial security of their beneficiaries.

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Key Responsibilities

Investment Strategy & Oversight

Assist in the formulation and execution of investment strategies aligned with the Plans’ Investment Policy Statements (IPS).Participate in asset allocation decisions and portfolio construction.Conduct ongoing analysis of economic, financial, and market trends.Support due diligence for public and private market investment opportunities.Evaluate and recommend investment managers and strategies.Monitor portfolio performance and ensure alignment with long-term objectives.Provide strategic recommendations to the City Treasurer and CIO.

Portfolio Monitoring & Reporting

Review and analyze periodic performance reports.Participate in meetings with asset managers and fund representatives.Prepare detailed reports, reconciliations, and ad hoc analyses.

Operational Management

Maintain and update investment procedures and documentation.Review and validate service provider invoices.Oversee operational activities and ensure effective coordination with external partners.

Compliance & Risk Management

Ensure adherence to fiduciary responsibilities and regulatory requirements.Monitor compliance with investment policies and contractual obligations.Support diversity initiatives and risk mitigation efforts.Assist with audit preparation and year-end financial reporting.

Stakeholder Engagement

Serve as a liaison with investment managers, consultants, and service providers.Build relationships with peer institutions and stay informed on industry best practices.Provide investment education and support to the City Treasurer, Pension Commission, and staff.

Leadership & Team Development

Assist in supervising and mentoring staff.Participate in recruitment, training, and performance evaluations.

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Qualifications

Education

Bachelor’s degree in Finance, Accounting, Economics, Business Administration, or a related field.Master of Business Administration (MBA) preferred.

Experience

Minimum of five (5) years of progressive investment or financial management experience.At least three (3) years in one or more of the following:Public pension fund managementInstitutional investment organizationsCorporate pension or endowment fund management

Technical & Professional Skills

Deep understanding of fiduciary duty, investment theory, asset allocation, and portfolio management.Familiarity with public and private market investments, risk management, and compliance.Strong analytical, quantitative, and strategic planning skills.Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint) and Adobe.Excellent communication, negotiation, and interpersonal skills.

Pay and Benefits

The pay range for this position is $150000.00 - $160000.00/yr.

offers a comprehensive benefits package for its employees, including health, dental, and vision insurance. Employees also have access to retirement plans, such as the Municipal Employees' Retirement Fund (MERF) and Deferred Compensation Plans. Additionally, the city provides various professional development opportunities and training programs to support career growth. Employee wellness programs and counseling services further enhance the overall benefits package.

Workplace Type

This is a fully onsite position in West Hartford,CT.

Application Deadline

This position is anticipated to close on May 22, 2025.

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\n\nAbout Aston Carter:\n

Aston Carter provides world-class corporate talent solutions to thousands of clients across the globe. Specialized in accounting, finance, human resources, talent acquisition, procurement, supply chain and select administrative professions, we extend the capabilities of industry-leading companies. We draw on our deep recruiting expertise and expansive network to meet the evolving needs of our clients and talent community with agility and excellence. With offices across the U.S., Canada, Asia Pacific and Europe, Aston Carter serves many of the Fortune 500. We are proud to be a ClearlyRated Best of Staffing® double diamond winner for both client and talent service.

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The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.

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If you would like to request a reasonable accommodation, such as the modification or adjustment of the job application process or interviewing process due to a disability, please email astoncarteraccommodation@astoncarter.com for other accommodation options.

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