PORTFOLIO MANAGER

BID/JOB ANNOUNCEMENT

Portfolio Manager

City Treasurer's Office

Bureau or Division Name (if applicable)

Number of Positions: 1

(Additional vacancies possible pending budget approval)

Starting Salary: $90,144

This 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: https://chicago.taleo.net/careersection/103/jobsearch.ftl?lang=en AND

1. 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

Applications for this position will be accepted until 11:59 pm CDT on 10/08/2026

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's Investment Policy; and performs related duties as required

ESSENTIAL DUTIES

• Oversees the daily management of both short-term and long-term investment portfolios
• Ensures the City's liquidity and operational funding needs by assessing available cash across various accounts
• Executes investment strategies that balance the City's cash flow requirements with the goal of maximizing risk adjusted returns, in adherence to the City's Investment Policy and Municipal Code
• Conducts daily portfolio trading based on cash flow projections and market conditions, ensuring investments remain within the guidelines of the City's Investment Policy and relevant Master Indentures
• Facilitates the settlement of all investment transactions, ensuring sufficient liquidity for operational needs
• Manages the City's treasury functions, including payment execution, cash concentration, and the continuous monitoring of cash flows
• Mitigates potential overdrafts and other financial obligations by reallocating funds across accounts
• Manages the City's depository accounts by collateralizing and maximizing returns on cash; moves funds between accounts to maintain collateralization and maximize returns through concentration wires
• Maintains accurate, up-to-date records of banking transactions, investment activities, and related reporting
• Reconciles the City's accounts on a monthly basis by comparing internal records with trustee statements to ensure accuracy
• Utilizes Bloomberg and other financial market tools to inform investment decisions regarding fixed-income instruments such as Commercial Paper, Corporate Bonds, Agency Securities, Agency and Non-Agency RMBS, Structured Investment vehicles, etc.
• Collaborates with City departments to assess banking service needs, negotiating and recommending banking partners based on performance, efficiency, and cost-effectiveness
• Establishes and maintains banking relationships that support the City's financial operations
• Originates and releases all wire transactions to meet the City's liquidity requirements in adherence with industry standards and best practices
• Ensures compliance with the City's Investment Policy by conducting pre- and post-trade reviews and monitoring all financial transactions
• Conducts financial research and fundamental analysis to support forecasting, valuation, and investment decision-making
• Presents investment performance and risk assessments, including product risk, fees, and fund performance, to key stakeholders
• Reconciles daily investment transactions, ensuring accurate cash flow management and timely settlement of bonds
• Participates in procurement processes such as Request for Information (RFIs) and Request for Proposal (RFPs) to select qualified Municipal Depositories and Broker Dealers
• Adheres to the City's Investment Policy and other applicable financial management standards

Note: The list of essential duties is not intended to be inclusive; there may be other duties that are essential to particular positions within the class.

Additional duties may be required for this position

Location: 121 N LaSalle Rm 106

Days: Monday - Friday

Hours: 8:00 am to 4:00 pm

THIS POSITION IS IN THE CAREER SERVICE

MINIMUM QUALIFICATIONS

Education, Training, and Experience

• A 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
  OR
• A 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 Qualifications

• Preference 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

Educational & Employment Verification:

Please be advised that if you are selected to be hired, you must provide, upon request, adequate information regarding your education and employment history as it relates to the qualifications of the position for which you are applying. If you received your degree internationally, all international transcripts/diplomas must be accompanied by a Foreign Credential Evaluation. If the City of Chicago cannot verify this information, any offer extended to you will be withdrawn, and you will not be hired.

SELECTION REQUIREMENTS

This position requires applicants to interview. Candidate(s) possessing the qualifications best suited to fulfill the responsibilities of the position, based on the interview, will be selected in seniority/lottery order

For Information on our employees benefits, please visit our benefits website at:

https://www.chicago.gov/city/en/depts/fin/benefits-office.html

For Information on our salary and title structure, visit our classifications website at:

City of Chicago :: Classification and Pay Plan

APPLICATION EVALUATION: Initial evaluation will be based on information provided on the application and the documents submitted. Department of Human Resources 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 or 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 practices, click here.

ALL 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 Chicago

Brandon Johnson, Mayor