Chief Investment Officer

Job description

THE UNIVERSITY

Texas Christian University is a private Christian university in Fort Worth, Texas. TCU's mission is to educate

individuals to think and act as ethical leaders and responsible citizens in the global community. This ideal

is the continuation of a quest that began in 1869, when brothers Addison and Randolph Clark dreamed of

creating a college where men and women could acquire a classical education and develop character. In

1873, with just 13 students, they opened the doors of AddRan Male and Female College, one of the first

co-ed institutions west of the Mississippi. The Clarks were both Fort Worth-based minister-teachers and

they forged an affiliation with the Christian Church (Disciples of Christ) to "adopt" their school, giving it a

new name and ensuring its future. The 1873 charter stated that AddRan Christian University would fulfill

its mission to "promote literary and scientific education."

TCU relocated to Ft Worth in 1910. Today, the Horned Frog family is connected through over 90,000 living

alumni, and nearly 11,000 current students. With strong Texas roots, TCU is a global school serving

students across the U.S. and abroad. 57% of the 2023 class is from outside Texas, 1 in 20 students are

from outside the United States, and 1 in 4 students are of color. TCU is part of the Big 12 Athletic

Conference.

THE POSITION

Reporting to the Chancellor, the Chief Investment Officer (CIO) serves as the senior investment executive

and a member of the Chancellor's Cabinet. The CIO is responsible for providing executive leadership of

the investment function with the goal of optimizing performance returns and driving long-term value

creation. The CIO's broad mandate includes investment policy, asset allocation, portfolio construction,

manager selection, and risk management. The successful candidate will be committed to and passionate

about TCU and its mission and excited to lead and further enhance a high performing investment portfolio.

RESPONSIBILITIES

The CIO will be responsible and accountable for the overall management of the investment portfolio and

leadership of the investment office staff to ensure sound implementation of TCU's Investment Policy as

adopted by the Board of Trustees. The endowment portfolio is currently $2 billion in AUM and retiring CIO

Jim Hille built a team of four investment professionals and one operational executive.

Specific responsibilities include:

Investment Management

* Defining and implementing the strategic vision for the investment function across all aspects of the

investment process and continually working to improve processes and procedures across the platform.

* Developing and implementing investment policy, asset allocation strategies and strong risk

management controls.

* Sourcing, evaluating and executing all investment strategies, including the selection and monitoring of

external investment managers, and the oversight of all investment activities.

* Conducting thorough due diligence on the most compelling prospective opportunities including

qualitative and quantitative analysis of investment strategy, risk, process, organization, portfolio

positions and performance.

* Evaluating and negotiating management fees and investment guidelines with fund managers.
* Utilizing data, technology, and reporting systems to ensure effective monitoring of and reporting on

investment positions and performance.

* Acting as a liaison for assets held in trust by others in which the University has beneficial interests.

General and Personnel Management

* Regularly reporting investment results to the Chancellor, CFO, and Board of Trustees; informing and

educating them regarding potential investment strategies and changes in the portfolio.

* Attracting, developing, and retaining outstanding investment talent and fostering a collaborative,

creative, and forward-thinking culture that values intellectual honesty, analytical rigor, and idea

sharing.

* Representing the TCU Endowment investment program through speaking engagements both within and

outside of TCU.

* Attending meetings of TCU's Retirement and Benefit Plan Committee and provide input as appropriate

to decisions of that body.

The successful candidate should embrace being an integral member of TCU's senior leadership team and

being a culture carrier for the institution at the investment, academic and campus activity levels. Enthusiasm

and passion for not only investment excellence but for being an integral member of the Horned Frog

community is the ultimate measure of success at TCU.

QUALIFICATIONS

The successful candidate will possess a minimum of ten years of experience as a senior investor on an

institutional asset management platform, including but not limited to at an endowment, foundation,

family office, Outsourced Chief Investment Officer (OCIO) or other sophisticated investment platform.

Additional qualifications include:

* A proven investment track record and commitment to achieving excellence in investment

performance, plus a reputation for sound investment judgment and risk management.

* A patient and disciplined investor who seeks and accepts a high degree of personal responsibility.
* Experience investing across multiple asset classes, including private equity; direct private equity

investing, while not requisite, is highly relevant.

* A high-quality network of investment thought-leaders and managers and an ability to access those

resources for sourcing, manager evaluation and reference checking purposes.

* Demonstrated leadership skills managing investment staff with an emphasis on team building,

development, motivation, retention and commitment to diversity and inclusion.

* Strong academic credentials are required; an MBA/CFA or other advanced degree is preferred.

LOCATION

Ft. Worth, Texas

As an AA/EEO employer, TCU recruits, hires, and promotes qualified persons in all job classifications without regard to age, race, color, religion, sex, sexual orientation, gender, gender identity, gender expression, national origin, ethnic origin, disability, genetic information, covered veteran status, or any other basis protected by law.

Advertised: August 6, 2021 Central Daylight Time

Applications close: