Chief Investment Officer

Confidential Company  •  Litchfield, CT

8 - 10 years experience  •  Financial Services

Salary depends on experience
Posted on 11/22/17 by Benjamin Workman
Litchfield, CT
8 - 10 years experience
Financial Services
Salary depends on experience
Posted on 11/22/17 by Benjamin Workman

Union Savings Bank - Litchfield, CT

Company:

  • Union Savings Bank has been serving the local area since 1866.
  • Since its inception, our mission has been to work for the benefit of the community rather than for the benefit of shareholders.\
  • USB provides personal banking, business banking and investment strategies to our customers

Primary Duties:

  • Responsible for the day-to day Investment Team functions, providing assignments and distributing workload.
  • Performs all duties required in properly executing the investment management function.
  • Exercises prudent investment practices and unbiased judgment in managing client portfolios. Complies with the terms of governing instruments, fiduciary principles, regulatory requirements and Bank policies.
  • Develops and implements investment philosophy, strategies, policies, and procedures.
  • Discusses plans and recommendations with senior management, investment, and administrative officers. Secures agreement and approvals. Prepares documentation and presents to the Trust Committee for ratification.
  • Utilizes investment analytical services and information sources in evaluating characteristics
  • and performance of stocks, bonds, mutual funds and otherinvestment vehicles. Acts as the department expert relative to all investment systems including investment performance tracking, modeling, research, the Bloomberg & Thompson System.
  • Develops guide lists of investments which may be utilized in the management of client portfolios. Determines applicability, implements and monitors performance.
  • Develops model portfolios which may be offered at the account level and/or serve as a guide in developing specific portfolio recommendations.
  • Keeps abreast of developments and events that may influence investments. Evaluates and determines how they may impact the Bank’s investment function, recommends an appropriate response.
  • Evaluates the quality of Investment vendor services, recommends changes, additions or deletions. Analyzes service offerings, costs/benefits, contract provisions. Recommends appropriate actions to senior management.

Portfolio Management

  • Develops investment recommendations consistent with prudent investment practices, account characteristics, Trust department and client investment policies, risk tolerance, and investment goals of the client.
  • Prepares investment programs, documents recommendations and executes. Initiates changes as needed.
  • Secures customer, Investment Committee or Trust Committee approvals when necessary.
  • Monitors performance of individual investments and overall portfolio.
  • Manages an unrestricted composite portfolio of both equities and fixed income to be measured against relevant benchmarks.

Prospect and Client Presentations & Proposals

  • Produces or assists in the production of presentation materials utilizing both print and electronic media.
  • Prepares investment proposals for prospective clients and in response to institutional RFPs.
  • Actively participates in client presentations either solely or in conjunction with the Trust Officers.

New Business Development

  • Assists in the departments new business development efforts in conjunction withother members of the WM team but primarily with the new business development officers.
  • Through participation in community and industry-related activities, identifies and cultivates referral sources, both inside and external to the Bank.

Qualifications

  • Bachelors or better in Finance or related field (Required)
  • MBA or Masters (Preferred)
  • Demonstrated record of performance
  • 2+ years as a Chief Investment Officer (Desired)
  • 8+ years: Investment experience including securities analysis and portfolio management. (Required)
  • 7+ years: Expertise in the Microsoft Office suite of products (Preferred)
  • 6+ years knowledge of tax regulations and tax implications on account types. (Preferred)
  • 5+ years of Supervision (Required)
  • Chartered. Financial Analyst License (Preferred)

Job Type: Full-time

Job Location:

  • Litchfield, CT

Requirededucation:

  • Bachelor's

Requiredexperience:

  • Investment: 8years
  • Supervisor: 5years
  • Tax regulations/implications on investment accounts: 6years
  • Chief Investment Officer: 2years
  • Microsoft Office: 7years

Required license or certification:

  • Chartered Financial Analyst (CFA)

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