Executive Director Investment Operations, Performance Measurement and Risk Analysis
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We all have the power to help, heal and change lives — beginning with our own. That’s the power of the Cleveland Clinic Health System team, and The Power of Every One.
Job TitleExecutive Director Investment Operations, Performance Measurement and Risk Analysis
LocationBeachwood
FacilityCC Administrative Campus
DepartmentInvestment Office-Finance
Job CodeT98736
ShiftDays
Schedule8:30am-5:00pm
Job Summary
Job Details
Join the Cleveland Clinic team, where you will work alongside passionate and dedicated caregivers, receive endless support and appreciation, and build a rewarding career with one of the most respected healthcare organizations in the world.
The Executive Director Investment Operations, Performance Measurement and Risk Analysis is responsible for the development, quality, reliability, and delivery of processes and procedures that support the investment team and comprise the scalable operations platform of the Investment Office. This leader manages multiple investment portfolios for the organization, exceeding $15 billion in total assets. The success of these efforts is critical to the organization’s ability to execute its mission.
This leader reports to the Chief Investment Officer and has regular intersections with the Chief Financial Officer, CEO and other members of the executive team and multiple committees of the Board of Directors. The Chief Investment Officer relies upon this leader to ensure assets are safeguarded, no unintended risks are taken, and that Cleveland Clinic’s reputation is never damaged by financial mistakes or fraud.
A caregiver in this role must be located in the Cleveland or Florida region and can work in a hybrid schedule, with 1-2 days per week work-from-home. This position requires flexibility to work some non-traditional hours, including evenings, weekends and some domestic/international travel.
A caregiver who excels in this role, will:
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Develop and advise Chief Investment Officer and Investment Committee on best practices for governance and investment operations for inclusion in the Investment Policy Statement.
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Manage business areas to meet annual budget, as well as business and strategic goals, including: Operations – third-party vendor management including databases and software platforms, transaction management of direct holdings and co-mingled funds, operational due diligence on investment managers and vendors, CCIO facilities management, Financial Management performance reporting, maintaining books/records for multiple portfolios, tax and audit compliance, and accounting; Risk Management – deployment of a risk system with multiple vendors and interfaces with investment managers, risk analysis and reporting, scenario testing and Monte Carlo simulation.
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Present intricate performance and risk measurement statistics to all stakeholders, including Directors, Trustees, senior Clinic leaders, and CCIO colleagues.
Minimum qualifications for the ideal caregiver include:
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Master of Business Administration or Master of Science in Finance or Accounting
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Minimum of 15 years of professional experience at an investment firm or organization that manages a diversified portfolio of assets including equities, fixed income, alternatives and derivatives
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Understands investments, endowment and pension fund performance reporting, and core competencies in risk management
Preferred qualifications for the ideal caregiver include:
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Chartered Financial Analyst (CFA) or Chartered Alternative Investment Analyst (CAIA)
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Background in public/investment accounting, bank custody or risk management
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Proficiency with Aladdin investment software
Our caregivers continue to create the best outcomes for our patients across each of our facilities. Click the link to see how we provide what matters most to you: https://jobs.clevelandclinic.org/benefits-2/
Physical Requirements:
- Ability to communicate and exchange accurate information.
- Ability to perform work in a stationary position for extended periods.
- Ability to work with physical records or operate a computer or other office equipment.
- In some locations, ability to travel throughout the hospital system.
- In some locations ability to move up to 25 lbs.
Personal Protective Equipment:
- Follows Standard Precautions using personal protective equipment as required.
The policy of Cleveland Clinic Health System and its system hospitals (Cleveland Clinic Health System) is to provide equal opportunity to all of our caregivers and applicants for employment in our tobacco free and drug free environment. All offers of employment are followed by testing for controlled substance and nicotine. All offers of employment are follwed by testing for controlled substances and nicotine. All new caregivers must clear a nicotine test within their 90-day new hire period. Candidates for employment who are impacted by Cleveland Clinic Health System's Smoking Policy will be permitted to reapply for open positions after one year.
Cleveland Clinic Health System administers an influenza prevention program. You will be required to comply with this program, which will include obtaining an influenza vaccination on an annual basis or obtaining an approved exemption.
Decisions concerning employment, transfers and promotions are made upon the basis of the best qualified candidate without regard to color, race, religion, national origin, age, sex, sexual orientation, marital status, ancestry, status as a disabled or Vietnam era veteran or any other characteristic protected by law. Information provided on this application may be shared with any Cleveland Clinic Health System facility.
Please review the Equal Employment Opportunity poster.
Cleveland Clinic Health System is pleased to be an equal employment employer: Women / Minorities / Veterans / Individuals with Disabilities
Cleveland Clinic Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Cleveland Clinic and has not been reviewed or approved by Cleveland Clinic.
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Healthcare Strength — Health coverage is described as comprehensive and cost-effective, with broad in-network access and supportive wellness features. Feedback suggests medical, dental, vision, and ancillary services are well-integrated and valuable for families.
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Retirement Support — Retirement offerings include a pension component alongside a matched savings plan, contributing to long-term financial security. Feedback suggests these elements compare favorably to many local options.
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Parental & Family Support — Paid maternity and parental leave are highlighted as stronger than many regional employers. Additional family supports like adoption assistance and education aid further enhance perceived value.
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What We Do
Cleveland Clinic, located in Cleveland, Ohio, is a not-for-profit, multispecialty academic medical center that integrates clinical and hospital care with research and education. Founded in 1921 by four renowned physicians with a vision of providing outstanding patient care based upon the principles of cooperation, compassion and innovation, Cleveland Clinic has become one of the largest and most respected hospitals in the country. Cleveland Clinic facilities can be found throughout Northeast Ohio, as well as around the country and world including: Cleveland Clinic Florida Cleveland Clinic Canada Cleveland Clinic Abu Dhabi Cleveland Clinic Lou Ruvo Center for Brain Health - Las Vegas Cleveland Clinic health system includes eight regional hospitals, 16 family health centers, a children's hospital for rehabilitation and one affiliate hospital. Cleveland Clinic is accredited by The Joint Commission, the nation’s largest accreditor of healthcare organizations. Our family health centers offer: Outpatient care Primary care Numerous subspecialties Numerous locations All of our hospitals, family health centers, outpatient clinics and home healthcare programs are also accredited by The Joint Commission under its hospital accreditation program.
