Director, Public Investments

About the Foundation

The Robert Wood Johnson Foundation (RWJF), located in Princeton, N.J., is a leading national philanthropy dedicated to taking bold leaps to transform health in our lifetime. To get there, we must work to dismantle structural racism and other barriers to health. Since 1972, we have focused on developing and promoting innovations in health and healthcare to improve the lives of millions. Through funding, convening, advocacy, and evidence-building, we work side-by-side with communities, practitioners, and institutions to achieve health equity faster and pave the way, together, to a future where health is no longer a privilege, but a right.  

We take seriously our responsibilities, and we pledge to work in ways that reflect our Guiding Principles. These are rooted in equity and influence everything we do at RWJF. Equity, diversity, inclusion (EDI), and collaboration enable our staff’s wide range of experiences, passions, and perspectives to strengthen our ability to address our nation’s most pressing health issues. Our efforts to achieve health equity require us to dismantle structural racism and other barriers to health. Part of this work includes actively shaping an inclusive organization where all staff thrive, as we build and use our capabilities, voice, and power to advance health equity. The Foundation offers a collaborative, collegial, and creative work environment. With a career at the Robert Wood Johnson Foundation, you will make a difference.  

About This Opportunity

The director will be a member of an Investments department that manages RWJF’s endowment to grow its purchasing power and provide stable resources for grantmaking. The director is part of a four-person public markets team responsible for prudently allocating RWJF’s endowment to the most compelling investment firms and opportunities globally. The public team invests primarily via external investment managers across a variety of strategies including equities, hedge funds, credit, and fixed income. Our culture is flat, with each team member covering a broad selection of existing and prospective relationships, as opposed to individual public asset classes. We embrace continual learning, transparency, behavioral analysis, and a long-term philosophy.

The ideal candidate will have a flexible mindset and enjoy collaboration and frequent, intense debate with a group of colleagues from a diverse set of backgrounds. The director will be a member of RWJFs Internal Investment Committee and is expected to contribute to all major investment decisions.

As with staff at all levels of RWJF, the director is expected to demonstrate a passionate commitment to equity and the Foundation’s mission and Guiding Principles.

Essential Job Responsibilities

• Reporting to the managing director of Public Market Investments, the director will help lead investment strategy, portfolio construction, manager sourcing, due diligence, and ongoing monitoring for public asset classes.
• Contribute to broader portfolio decisions regarding private investments, asset allocation, and portfolio positioning. 
• Cultivate a broad network of industry contacts; represent the Foundation in the investment management community and serve as an active proponent for institutional investors’ interests. 
• Assist with recruiting, management, mentoring, and professional and career development of team members.
• Prepare and present materials for internal discussions, investment committee meetings or external parties. Support and contribute to Foundation-wide initiatives.
  

Minimum Requirements

• Commitment to racial and health equity and the Foundation’s vision, values, and Guiding Principles. 
• Experience working effectively in an inclusive environment as part of a multidisciplinary team with people from diverse cultural, social, and ethnic backgrounds. 
  
• Minimum of 10 years of institutional investing experience. A background in managing a multi-asset class and/or multi-manager portfolio desired, but not required.
  
• Investment leadership in public market asset classes; direct investing experience in an environment with a long-term independent research philosophy.
  
• Track record of contributions toward outstanding long-term investment performance and accountability for achieving objectives.
  
• Strong judgment and initiative, as well as ability to conduct rigorous research and analysis.
  
• Outstanding interpersonal and communication skills and ability to work collaboratively.
  
• Ability to produce high-quality written materials and present complex ideas and investment theses to internal and external parties. Work samples will be required throughout the interview process, potentially including the candidate’s track record, an investment memorandum, a case study, and a behavioral assessment.
  
• Highest level of integrity, honesty, and professionalism.
  
• Dedication to learning, improvement and professional development.
  
• MBA and/or CFA preferred.
  

Physical Requirements/Working Conditions

The director will perform job duties in a typical business office environment. Specific physical abilities required by this job include operating basic office equipment. Will be required to attend meetings, potentially both in person and off-site via phone or videoconference. Some domestic and international travel will be required. Reasonable accommodation may be made to enable individuals with disabilities to perform essential functions.

This position is assigned to our Princeton, N.J. headquarters offices with the ability to work out of RWJF’s New York City and Princeton, N.J. offices per the Foundation’s Hybrid: Flexible Purpose operating model.

As of January 1, 2023, the Foundation has implemented a Hybrid: Flexible Purpose operating model. All RWJF employees are required to come into Foundation offices during the year for purposes related to their position such as critical tasks (e.g., building operations, grantee meetings), organizational events (e.g., training and development), and internally focused team activities. All RWJF offices remain open for all Foundation employees for focused work, optional organizational activities, and connecting with colleagues informally as needed for individual purposes.

Salary

The non-negotiable starting salary for this position is $253,000. Additionally, the director is eligible for incentive compensation based on qualitative contributions and the endowment’s performance. Performance-based compensation is calculated on total portfolio return, aligning the interest of all team members. Why work at RWJF? Learn more about the benefits of working at RWJF.

Application Deadline

Monday, July 1, 2024 at 10 a.m. ET.

How To Apply

• Applicants should submit a resume and letter of interest by the stated deadline.
• Internal RWJF applicants should submit a resume and letter of interest through the Internal Jobs Hub app in Workday.
  

Recruitment for this role is being managed by an external firm and considered candidates will be contacted by the firm.