Job Information

University of Utah Chief Investment Officer/ Associate Vice President for Investments in Salt Lake City, Utah


Open Date 09/07/2022

Requisition Number PRN32177B

Job Title Associate Vice President

Working Title Chief Investment Officer/ Associate Vice President for Investments

Job Grade EXE

FLSA Code Executive

Patient Sensitive Job Code? No

Standard Hours per Week 40

Full Time or Part Time? Full Time

Shift Day

Work Schedule Summary

VP Area President

Department 00341 - VP Administrative Services

Location Campus

City Salt Lake City, UT

Type of Recruitment External Posting

Pay Rate Range Commensurate with experience

Close Date

Open Until Filled Yes

Job Summary

The University of Utah is seeking to recruit an outstanding leader to oversee an investment portfolio totaling approximately $1.4 billion. Reporting to the Chief Financial Officer, the Chief Investment Officer/Associate Vice President for Investments will provide investment leadership and management. The CIO’s broad mandate includes portfolio construction, driving adherence to investment policy guidelines, asset allocation, risk management, and striving to exceed performance benchmarks while assuming appropriate levels of risk.

The Chief Investment Officer/Associate Vice President for Investments is an essential member of the University’s financial team responsible for devising the University’s investment strategy. Working in collaboration with the University’s senior leaders in Finance and the University’s external investment advisors, the Chief Investment Officer/Associate Vice President for Investments will build on past successes and articulate a vision and roadmap for investment strategy.


· Responsible for the overall management of the University of Utah’s endowment pool Investment portfolio

· Implements investment objectives and policies established by the University and the Investment Advisory Committee of the Board of Trustees

· Guides all aspects of the University of Utah’s endowment pool investment objectives, policies, and processes

· Sourcing, evaluating, and executing all investment strategies, including oversight of all endowment pool investment activities in consultation with the University’s external investment advisors

· Conducting thorough due diligence on the most compelling prospective opportunities including analysis of investment strategy, process, organization, portfolio positions, and performance

· Continually exploring, identifying, evaluating, and recommending new investment opportunities

· Monitoring performance, portfolio positions, current events, and organizational changes of the investment fund managers and completing analytical reviews to evaluate the relative performance of each fund manager on a regular basis

· Staying abreast of market conditions and developments that may affect The University of Utah’s investment holdings and strategies and acting proactively and appropriately to protect those interests

· Negotiates management fees and endowment pool investment guidelines with fund managers

· Provides ongoing assessment to the Chief Financial Officer

· Supports the Chair of the University’s Investment Committee by developing the agenda and meeting materials for the Committee’s meetings

· Oversees a team of professionals

· Works closely and collaboratively with other University offices to ensure timely investment of funds and timely access to funds

· Ensures critical information to support tax compliance and accounting/financial reporting is obtained

· Works with the University’s Internal Audit Office and Office of the Controller for the annual investment audit and report that supports the University’s audited financial statements

Minimum Qualifications

· Minimum of eight years of progressively responsible experience relevant to the responsibilities of the position

· Demonstrated record of investment and relevant work experience which includes third-party investment manager evaluation and direct managerial experience

· MBA or CFA is preferred

· Success in attracting, developing, and mentoring a team of high-performing professionals

· Knowledge of financial operations and investments

· Understanding of and experience in ESG /sustainable investments

· Understanding of risk management with the ability to address the various areas of risk

· Experience in working in a collaborative manner with a Board or Investment Committee

· A proven investment track record and commitment to achieving excellence in investment performance, plus a reputation for sound investment judgment and risk management

· Highly collaborative and team-oriented with strong interpersonal skills

· Strong communication skills with the ability to build relationships with a variety of stakeholders (President, Trustees, Investment Advisory Committee, other University leadership, Health System, Development, etc.)

· Highest standards of personal and professional ethics and integrity including discretion regarding confidential and sensitive information

· Experience with non-profits, colleges or universities, foundations, or the public sector is preferred

· Commitment to developing a culture of ethical behavior, integrity, and the avoidance of both the appearance and actual conflicts of interest


Type Benefited Staff

Special Instructions Summary

The University of Utah is partnering with Korn Ferry to recruit for this position. To apply, please reach out to:

Michael Kennedy

Senior Client Partner

M. (404) 307-6853


Jim Flaherty

Senior Associate

M. (508) 404-0407


Christi Denny

Project Coordinator

M. (678) 521-5567


Additional Information

The University of Utah values candidates who have experience working in settings with students from diverse backgrounds and possess a strong commitment to improving access to higher education for historically underrepresented students.

Individuals from historically underrepresented groups, such as minorities, women, qualified persons with disabilities and protected veterans are encouraged to apply. Veterans’ preference is extended to qualified applicants, upon request and consistent with University policy and Utah state law. Upon request, reasonable accommodations in the application process will be provided to individuals with disabilities.

The University of Utah is an Affirmative Action/Equal Opportunity employer and does not discriminate based upon race, ethnicity, color, religion, national origin, age, disability, sex, sexual orientation, gender, gender identity, gender expression, pregnancy, pregnancy-related conditions, genetic information, or protected veteran’s status. The University does not discriminate on the basis of sex in the education program or activity that it operates, as required by Title IX and 34 CFR part 106. The requirement not to discriminate in education programs or activities extends to admission and employment. Inquiries about the application of Title IX and its regulations may be referred to the Title IX Coordinator, to the Department of Education, Office for Civil Rights, or both.

To request a reasonable accommodation for a disability or if you or someone you know has experienced discrimination or sexual misconduct including sexual harassment, you may contact the Director/Title IX Coordinator in the Office of Equal Opportunity and Affirmative Action:

Director/ Title IX Coordinator

Office of Equal Opportunity and Affirmative Action ( OEO /AA)

135 Park Building

Salt Lake City, UT 84112


Online reports may be submitted at

For more information:

To inquire about this posting, email: ( or call 801-581-2300.

The University is a participating employer with Utah Retirement Systems (“URS”). Eligible new hires with prior URS service, may elect to enroll in URS if they make the election before they become eligible for retirement (usually the first day of work). Contact Human Resources at (801) 581-7447 for information. Individuals who previously retired and are receiving monthly retirement benefits from URS are subject to URS’ post-retirement rules and restrictions. Please contact Utah Retirement Systems at (801) 366-7770 or (800) 695-4877 or University Human Resource Management at (801) 581-7447 if you have questions regarding the post-retirement rules.

This position may require the successful completion of a criminal background check and/or drug screen.