Director of Investments

About the Role

The Director of Investments is a senior member of the multi-asset team who serves as a high-performing generalist across public equity, public fixed income, and specializes in support of TJU's corporate venturing strategy. Reporting to the Chief Investment Officer and working closely with the Deputy CIO, Managing Director, Multi-Asset, and Managing Director, Jefferson Ventures, the Director helps shape the strategy for marketable assets, serves as the key analyst liaison to public markets managers, and contributes to portfolio construction and total-portfolio asset allocation decisions.

The Director is a critical contributor to the continued development and maturity of Jefferson's corporate venturing strategy, including network development, end-to-end investment valuation, underwriting, structuring, and presentation for approval. The role is responsible for investment outcomes within marketable assets and for developing investment professionals in the Investment Office. The Director also leads engagement with external investment partners on the marketable side under an extension-of-staff model, retaining all decision-making authority and direct ownership of manager relationships.

Responsibilities

• Strategy and Portfolio Construction
  • Partner with the Managing Director, Multi-Asset, Deputy CIO, and CIO on the investment strategy for the marketable portfolio, including target exposures across public equity and public fixed income.
  • Lead portfolio construction within marketable assets, including manager sizing, concentration limits, factor exposures, liquidity, and risk budgeting.
  • Contribute substantively to total portfolio asset allocation, capital markets assumptions, and rebalancing decisions.
  • Develop and refine the framework for blending active, systematic, and passive implementation within marketable assets.
• Manager Selection and Oversight
  • Develop the firm's roster of marketable managers; lead diligence and recommendations on new commitments and material redemptions.
  • Maintain senior-level relationships with portfolio managers, CIOs, and senior personnel at external manager firms.
  • Serve as a senior representative of the Investment Office in major manager interactions, including allocation discussions and capacity negotiations.
  • Oversee ongoing monitoring, including performance review, exposure analysis, risk reporting, and personnel/process change tracking.
• Investment Committee and Governance
  • Contribute to investment recommendations and portfolio reviews for the Investment Committee and Board.
  • Support investment policy development for marketable assets, including risk limits, liquidity policy, and benchmarking.
  • Partner with the Director of Operations and Performance Reporting/Analytics on reporting standards, valuation policies, and performance measurement.
• Leadership and Talent Development
  • Directly contribute to the development of junior team members and provide guidance and performance feedback.
  • Foster a high-performance, collegial, and intellectually rigorous team culture.
  • Participate in Investment Office leadership decisions, including planning, budgeting, talent strategy, and external engagement.
• External Partners
  • Lead the Office's engagement with external investment partners on the marketable side as an extension of the team.
  • Ensure the Office retains decision-making authority and direct ownership of all manager relationships.
  • Establish operating norms, information flows, and accountability standards for partner relationships.

Requirements

• Bachelor’s degree.
• 10 years of relevant institutional investment experience, with a substantial portion focused on marketable assets and external manager investing.
• 5 years of demonstrable experience in venture capital or corporate venturing.
• Demonstrated success leading manager selection, portfolio construction, and risk management across public equity and public fixed income.
• Strong fundamental investment judgment combined with quantitative and risk analytical fluency.
• Track record of building and maintaining senior-level relationships with leading public markets managers.
• Experience presenting to investment committees and/or boards.
• Excellent written and verbal communication skills.
• Affable yet forthright demeanor, suitable for external representation of TJU.

Preferred Qualifications

• Master’s degree, MBA, CFA, or comparable advanced credential strongly preferred.
• Direct experience at an endowment, foundation, OCIO, non-profit health system or insurance payor, or other sophisticated multi-asset institutional allocator.
• Experience in healthcare-related venture investing.
• Experience leading or substantially contributing to total portfolio asset allocation.
• Familiarity with portfolio risk and analytics platforms and modern multi-asset risk frameworks.
• Experience working with external investment partners, consultants, or OCIO providers in an extension-of-staff capacity.
• Experience managing professionals and developing junior investment talent.

Benefits

Jefferson offers a comprehensive package of benefits for full-time and part-time colleagues, including:

• Medical (including prescription), dental, and vision insurance.
• Supplemental insurance, life and AD&D insurance, short- and long-term disability.
• Flexible spending accounts and retirement plans.
• Tuition assistance and access to tuition discounts at Thomas Jefferson University after one year of full-time service or two years of part-time service.
• Voluntary benefits, providing access to group rates on insurance and discounts.

All colleagues, including those who work less than part-time (including per diem colleagues, adjunct faculty, and Jeff Temps), have access to medical (including prescription) insurance.

Schedule

Workday Day (United States of America)

Location

1101 Market, Philadelphia, Pennsylvania, United States of America