Position Description: Chief Investment Officer (CIO)
Comments: The following job description can vary considerably, depending on whether there is a chief financial officer (CFO) position already in place. If so, portions of the CIO role may be taken on by the CFO.
Basic Function: A chief investment officer is the person responsible for overseeing an entity’s investments. A chief investment officer is engaged in the following activities:
- Determining the amount of operating funds that can be safely removed for investment purposes.
- Adjusting the investment portfolio to balance the liquidity, return on investment, and risk goals of the entity.
- Ensuring that funds are made available from investments for operating purposes on a timely basis.
- Managing the entity’s pension plan.
- Advising the Board regarding possible changes in investment policy.
- Making recommendations to the Board regarding the use of outside money managers.