BID/JOB ANNOUNCEMENTPortfolio ManagerOffice of the City TreasurerNumber of Positions: 2(Additional vacancies possible pending budget approval)Starting Salary: $87,516.00 annuallyThis position is open to the public and all current City employees covered under the City’s collective bargaining agreement with AMERICAN FEDERATION OF STATE, COUNTY, AND MUNICIPAL EMPLOYEES (AFSCME) – BARGAINING UNIT 1, 3, 4 & 5. Only employees in City job titles in this bargaining unit are eligible to bid.BID INSTRUCTIONS: Apply on the bid site: AND1. Check the box on your profile titled “Currently employed by the City of Chicago”2. Enter your employee ID (located on your pay stub labeled ‘payee/employee number’)3. Select your correct bargaining unit.FAILURE TO FOLLOW THESE INSTRUCTIONS WILL RESULT IN A REJECTED BID APPLICATION.5.Under general supervision, the position performs a range of treasury functions to ensure the effective investment and allocation of City funds, prioritizing liquidity management, capital preservation, and the maximization of risk adjusted investment returns; all within the framework of the City of Chicago’s Investment Policy, and performs related duties as required.ESSENTIAL DUTIES· Assists senior Portfolio Managers and the Chief Investment Officer (CIO) in executing investment strategies, monitoring portfolio performance, and ensuring compliance with the City’s Investment Policy.· Assists in the management of short- and long-term investments, ensuring alignment with liquidity needs and risk management objectives.· Assesses available cash across various accounts to ensure the City’s liquidity needs are met for operational funding.· Manages treasury operations, including cash concentration, payment execution, and monitoring cash flows to prevent overdrafts.· Originates and releases wire transactions to meet liquidity requirements and ensure compliance with industry standards.· Supports cash flow forecasting and analysis to optimize investment decisions.· Conducts financial analysis, market research, and investment due diligence under the guidance of senior team members.· Monitors portfolio performance and assists in preparing reports and presentations for internal stakeholders.· Maintains accurate records of banking transactions and investment activities, reconciling accounts on a monthly basis.· Assists in special projects as assigned by the CIO and senior Portfolio Manager.Additional duties may be required for this position.Location: 121 N. LaSalle St., Room 106, Chicago, IL 60602Days: Monday through FridayHours: 8:00 AM to 4:00 PMTHIS POSITION IS EXEMPT FROM THE CAREER SERVICEQualificationsA bachelor’s degree in accounting or finance, or a directly related field, plus three (3) years of professional experience in treasury operations, cash management, or financial services,ORA master’s degree in accounting or finance, or a directly related field, plus two (2) years of professional experience in treasury operations, cash management, or financial services.Licensure, Certification, or Other QualificationsPreference may be given to applicants who hold one or more applicable licenses or certifications such as: Certified Treasury Professional (CTP), Certified Financial Analyst (CFA) candidate or certificate holder.SELECTION REQUIREMENTSThis position requires applicants to complete an interview. The interviewed candidate(s) possessing the qualifications best suited to fulfill the responsibilities of the position will be selected.For Information on our employees benefits please visit our benefits website at:For Information on our salary and title structure visit our classifications website at:APPLICATION EVALUATION: Initial evaluation will be based on information provided on the application and the documents submitted. Department of Human Resource staff will review applications after the final posting date. Staff will follow any and all required Employment/Hiring Plan provisions, federal, state and local laws, and Collective Bargaining Agreements when applicable. Staff will apply hiring preferences as required by the municipal code. Placement on an eligibility list is not an offer or guarantee of an interview nor employment with the City of Chicago.COMMITMENT TO DIVERSITY: To further our commitment to hiring applicants with diverse experience the City of Chicago has adopted the following ordinances 2-74-020 and 2-74-075. The ordinances provide a preference to applicants who meet minimum qualifications and who are veterans of the Armed Forces, and/or residents of Socio-Economically Disadvantaged Areas (SEDA) and/or Chicago Public School (CPS) high school graduates to be referred to departments for consideration. These hiring preferences do not apply to bidders, as Collective Bargaining Agreements define the hiring process for bidders. For positions covered by a collective bargaining agreement, bidders will be considered before external candidates. To learn more about our hiring practicesALL REFERENCES TO POLITICAL SPONSORSHIP OR RECOMMENDATION MUST BE OMITTED FROM ALL APPLICATION MATERIALS SUBMITTED FOR CITY EMPLOYMENT.The City of Chicago is an Equal Employment Opportunity, Military Friendly, and Fair Chance Employer.City of ChicagoBrandon Johnson, Mayor
