Investment Committee Member Job Listing at City of Edmonton in Edmonton, AB (Job ID 50766)

Description

The Investment Committee assists in the development of the Investment Policy and monitoring compliance with that Policy relating to the management of various funds controlled by the City of Edmonton. These funds, which total $4  billion, are invested to achieve the highest possible rate of return at a prudent level of risk. The Investment Committee recommends to the Chief Financial Officer an overall Investment Policy for each fund. The Committee will monitor the funds to ensure they are invested to fulfill their purpose and financial objectives. The Committee assists in guiding the investment structure and implementation strategies. 

Committee Responsibilities:

• Review Investment Policy regularly and recommend changes to the Chief Financial Officer
• Review Terms of Reference for the Investment Committee and recommend changes as necessary to the City Manager
• Examine investment strategies and philosophies (asset class, investment sectors and security types)
• Analyze capital market review assumptions and investment implementation strategies
• Monitor services of external managers, performance measurement service provider, custodian and other consultants
• Meet the high standards required to oversee a complex pension plan and must fully accept their fiduciary responsibility to the Corporation
• Monitor City Policy and statutory compliance and advise the City Manager of any non-compliance issues
• Monitor the investment performance of all City funds against benchmarks, funded status, mandates and advise as appropriate
• Review actuarial studies and simulations with investment consultants
• Meet with investment managers, performance measurement advisors, custodians and external auditors
• Assist the Chief Financial Officer in preparing an Annual Report on investment performance and policy and statutory compliance for recommendation to the City Manager and City Council
• Receive reports, evaluate performance and provide advice
• Confirm and report to the City Manager on policy and statutory compliance issues on a quarterly basis