Description

The primary responsibilities of this position are to:

Investment Oversight

• Work with external investment managers to ensure the Board’s investment policies are implemented effectively.
• Monitor investment performance and risk relative to benchmarks, policy guidelines, and long-term objectives.
• Apprise the Board on market developments affecting UAPP.
• Coordinate development of internal tools to monitor various measures of pension risk.
• Develop internal dashboards and tools to monitor investment performance, risk exposures, liquidity, and other key metrics.
• Engage with external investment managers to review mandates, investment process, risk controls, fees, and reporting.

Investment Policy Development

• Work with the Chief Executive Officer to evaluate risk factors in plan liabilities and assets and recommend an asset allocation and risk tolerance to the Board.
• Develop and recommend sound investment policies for consideration by the Investment Committee and Board.
• Lead the periodic review of UAPP’s Statement of Investment Policies and Goals.
• Evaluate alternative approaches to meet UAPP’s investment goals on an ongoing basis.
• Stay current on developments in the investment industry and the regulatory landscape that may impact the Statement of Investment Policies and Goals.
• Lead research into investment management strategies to increase fund rate of return, reduce risk, and reduce costs for investment-related initiatives and projects.
• Oversee asset liability studies in support of asset mix and risk allocation recommendations.
• Develop UAPP’s climate change and responsible investment framework to effectively manage climate-related risks and opportunities that align with investment and governance practices.

Internal and External Reporting

• Prepare regular investment updates and contribute to the Chief Executive Officer’s agenda planning for the Investment Committee.
• Execute the investment tasks of the Business Plan.
• Design and oversee monthly, quarterly, and annual investment reporting to the Board, Investment Committee, and other stakeholders.
• Lead UAPP’s communication strategy relating to investments.
• Develop UAPP’s investment reporting to include responsible investing issues.
• Oversee preparation of the Investment Report section within the Annual Report.

Other Responsibilities

• Attend all Board and Investment Committee meetings and provide reporting as required.
• Monitor and enhance protocols for managing relationships with current and potential investment managers and investment service providers, including consultants and performance measurement firms.
• Develop and deliver effective investment education programs for UAPP stakeholders including the Board.
• Coordinate with legal counsel for the review and negotiation of investment manager service provider contracts and agreements

Requirements

• Completion of post-secondary education in Commerce, Business Administration, Accounting, Finance, Mathematics, or Economics, or a related field.\
• Chartered Financial Analyst (CFA) designation is required.
• Minimum 10 years of progressive experience in investment management, asset allocation, and portfolio construction.
• Proven track record in strategic and positive leadership, risk management, and asset-liability management.
• Experience managing large institutional portfolios and working with external managers.
• Familiarity with pension governance frameworks and fiduciary responsibilities.
• Experience with climate risk, responsible investment, and ESG integration in an institutional setting.
• Exceptional communication, interpersonal, and organizational skills, including demonstrated ability to present reports for committees and boards and to work collaboratively with both investment and non-investment team members.
• Demonstrated ability to exercise sound judgement in ambiguous or rapidly changing environments.
• Proven ability to lead cross-functional initiatives, manage competing priorities, and manage complex projects with multiple stakeholders and tight timelines.