Chief Investment Officer (CIO) - Office of the Treasurer & Tax Collector (0953)

Specific information regarding this recruitment process is listed below: • Application Opening: Monday, September 14, 2026 • Application Deadline:  Tuesday, October 13, 2026, 11:59PM (PST) • Compensation Range: $200,538 - $255,996 (Range A); Range B ($256,022 - $296,322) This is a Permanent Exempt (PEX) position. Pursuant to the City & County of San Francisco Charter, Section 10.104.13, this position shall be exempt from competitive civil service selection, appointment and removal procedures. The person serving in this position shall serve at the pleasure of the Appointing Officer. To be considered for this position, applicants are required to complete the following at the time of application submission: Apply to this posting and submit your SmartRecruiters application. Upload most updated resume and cover letter during the application submission process. Our Mission The Office of the Treasurer & Tax Collector serves as the banker, tax collector, collection agent, and investment officer for the City and County of San Francisco. As the entity responsible for safeguarding the City’s money, the Office uses this expertise and authority to assist San Francisco residents through award-winning programs and initiatives that help low-income families build economic security and mobility. Our Vision We are committed to providing excellent services for taxpayers, customers, and our community. By promoting diversity, equity, and inclusion, we are a stronger, smarter, and more informed government agency. The Chief Investment Officer (CIO) is responsible for overseeing the investment and management of the City and County’s $19+ billion Treasurer’s Investment Pool, ensuring compliance with legal and fiduciary obligations while maximizing returns within risk parameters. The CIO manages and implements an asset/liability investment strategy with a focus of matching asset maturities to know portfolio outflows within the maximum asset maturity limit of 5 years per the California Investment code, monitors and oversees the Treasurer’s Investment Pool cashflow profile and cash forecasting models, monitors market conditions, and ensures the safety, liquidity, and performance of portfolio funds in alignment with statutory requirements and the City and County’s investment policies. Essential Duties and Responsibilities Investment Strategy & Management Maintain and execute an investment strategy of asset/liability management that aligns with the City & County’s investment mandates of safety of principal, liquidity needs, and risk tolerance. Manage a diversified portfolio, ensuring prudent asset allocation and risk management. Monitor market conditions, interest rate trends, and economic indicators to make informed investment decisions consistent with the asset/liability strategy as well as consideration of their impact on the City and County’s cashflow profile and potential changes to liquidity needs. Develop and maintain the Treasurer’s Investment Pool cashflow profile and five-year cash forecasting models using historical data as well as information provided by the various Pool participants. Manage the Pool’s duration/average maturity consistent with its liquidity needs through utilization of the duration optimization methodology. Conduct performance analysis and identify potential opportunities to optimize portfolio returns while maintaining the asset/liability strategy and minimizing overall portfolio risk. Maintain applicable securities broker and dealer relationships to affect efficient securities trade execution defined as lowest cost as well as ensuring proper and adequate coverage of the fixed income markets. Understand trading costs and employ a trading strategy consistent with trade and portfolio size in achieving best execution of lowest cost to the City and County. Provide expert knowledge to other City agencies, including the investment of funds outside of the City’s Pool for other City departments on projects involving investment services. Governance, Compliance & Risk Management Ensure investments comply with federal, state, and local laws governing public funds, as well as the internal investment policies of the City and County. Maintain fiduciary oversight of treasury investments, upholding ethical and legal obligations. Prepare and present investment reports to the City and County’s Credit and Investment Committee, Treasury Oversight Committee, the Board of Supervisors, and the Pool’s participants as requested. Develop and maintain the City and County’s investment policies and procedures for investment risk management, including credit, liquidity, and market risks. Advise the Investment and Credit Committee of any events or development that potentially may impact the Pool’s liquidity needs and threats to maintaining safety of the Pool’s principal. Stakeholder Communication & Reporting Provide regular updates on portfolio performance, market conditions, and an explanation of the investment strategy to participants of the Pool. Collaborate with auditors, legal advisors, and financial consultants to ensure transparency and regulatory compliance. Present investment recommendations and risk assessments to government boards and committees. Ensure the timeliness and accuracy of the various reports necessary for audit purposes, pool participant requests, and GASB requirements. Leadership & Team Management Foster relationships with external financial institutions, investment advisors, and banking partners. Lead the development of technology and systems to enhance investment monitoring and reporting. Direct activities of staff: delegating transaction authority, preparing investment management reports, investment analysis, credit research, including promotion of a team environment and staff development (e.g., directs cross-training). Consult with various stakeholders (City and County representatives, outside governmental agencies, banking institutions, rati