PORTFOLIO MANAGER

About the role

Under general supervision, the position performs a range of treasury functions to ensure the effective investment and allocation of City funds, prioritizing liquidity management, capital preservation, and the maximization of risk-adjusted investment returns, all within the framework of the City’s Investment Policy; and performs related duties as required.

Responsibilities

• Oversees the daily management of both short-term and long-term investment portfolios
• Ensures the City’s liquidity and operational funding needs by assessing available cash across various accounts
• Executes investment strategies that balance the City’s cash flow requirements with the goal of maximizing risk adjusted returns, in adherence to the City’s Investment Policy and Municipal Code
• Conducts daily portfolio trading based on cash flow projections and market conditions, ensuring investments remain within the guidelines of the City’s Investment Policy and relevant Master Indentures
• Facilitates the settlement of all investment transactions, ensuring sufficient liquidity for operational needs
• Manages the City’s treasury functions, including payment execution, cash concentration, and the continuous monitoring of cash flows
• Mitigates potential overdrafts and other financial obligations by reallocating funds across accounts
• Manages the City’s depository accounts by collateralizing and maximizing returns on cash; moves funds between accounts to maintain collateralization and maximize returns through concentration wires
• Maintains accurate, up-to-date records of banking transactions, investment activities, and related reporting
• Reconciles the City’s accounts on a monthly basis by comparing internal records with trustee statements to ensure accuracy
• Utilizes Bloomberg and other financial market tools to inform investment decisions regarding fixed-income instruments such as Commercial Paper, Corporate Bonds, Agency Securities, Agency and Non-Agency RMBS, Structured Investment vehicles, etc.
• Collaborates with City departments to assess banking service needs, negotiating and recommending banking partners based on performance, efficiency, and cost-effectiveness
• Establishes and maintains banking relationships that support the City’s financial operations
• Originates and releases all wire transactions to meet the City’s liquidity requirements in adherence with industry standards and best practices
• Ensures compliance with the City’s Investment Policy by conducting pre- and post-trade reviews and monitoring all financial transactions
• Conducts financial research and fundamental analysis to support forecasting, valuation