Chief Investment Officer (Arlington)

Contact

Russell Reynolds Associates has been exclusively retained by TNC to complete the search for the CIO. Those with interest in the position are encouraged to submit a resume to the following consultants: [email protected] .

What We Can Achieve Together:

The Office of Investments (OOI) oversees and manages TNCs globally diversified, multi-asset class portfolio, integrating risk-adjusted returns with mission alignment, while maintaining operational excellence and integrity. TNC is seeking a Chief Investment Officer to join and lead the TNC Office of Investments and a high performing team of professionals.

The Nature Conservancy has total assets of $9B of which the Office of Investments is responsible for managing approximately $4B, comprised of endowment and other long-term investments. These funds support TNCs global operations and most pressing conservation projects. The Office of Investments mission is to support the funding of TNCs global conservation priorities by increasing the organizations purchasing power through prudent and sustainable investment management. TNCs endowment and long-term investment assets play a pivotal role by providing a stable financial foundation to fund global conservation priorities. With approximately 15% of its operating budget funded from endowment income, TNC is deeply committed to prudent and strategic asset management that is vital to the organizations long-term success.

The Role

Based in Arlington, VA and reporting into the Chief Operating Officer, Neel Broker, the Chief Investment Officer (CIO) will lead the strategic management of TNCs multi-billion-dollar endowment and long-term investment assets. The CIO is responsible for the formulation, recommendation, and implementation of an overarching investment policy, asset allocation strategy, and risk framework, ensuring alignment with TNCs mission, long-term financial objectives and operating budget funding and needs. The CIO will lead, mentor, and further develop a high-performing, 15-member team, providing opportunities for growth and expanded responsibilities for all current and future team members. They will cultivate relationships with external managers, and ensure disciplined, evidence-based decision-making that advances TNCs conservation mission and performance of the portfolio. This professional will partner closely with a strong and empowering 11-person Investment Committee , collaborative Executive Leadership Team , and Global Board of Directors , as well as other senior leaders and functions across the organization. This professional will be energized by the global reach and impact of TNCs mission and efforts and be able to operate well across the organization, to further connect and collaborate on TNC initiatives and opportunities, especially as the organization works towards accomplishing 2030 goals and beyond.

Additional key responsibilities include but are not limited to:

• Lead the management and strategic growth of TNCs investment portfolio, ensuring superior risk-adjusted returns to support conservation priorities and long-term growth of the endowment.

• Formulate and recommend investment policy, asset allocation strategy, and spending guidelines to the Investment Committee; oversee their implementation and ongoing management.

• Conduct rigorous due diligence, selection, and oversight of external investment managers across asset classes, including public equities, fixed income, hedge funds, private equity, and real assets.

• Oversee risk management, performance measurement, compliance, and investment operations in partnership with the COO of the OOI.

• Maintain robust internal controls and conduct regular risk assessments; proactively mitigate emerging risks and leverage new opportunities, including technology and AI-driven investment tools.

• Collaborate closely with the CFO and Finance team to develop short-term and long-term spending plans and operating budget needs for the endowment.

• Engage regularly with the Investment Committee, providing timely, transparent reporting and strategic insights into investment performance and market dynamics.

• Serve as a senior ambassador of TNCs investment strategy and mission, fostering relationships with investment partners, donors, financial intermediaries, and other stakeholders.

• Partner with TNCs Development team to align investment strategy with fundraising efforts and donor engagement, encouraging mission-aligned capital raising.

• Foster a culture of intellectual honesty, collaboration, continuous improvement, and mission alignment within the investment team.

• Direct the maintenance of TNCs financial records related to investment activities, ensuring accuracy and compliance with applicable standards.

• Conduct ad-hoc analyses as requested by the COO, Investment Committee, or other stakeholders.

• Stay informed on global investment trends, regulatory developments, and innovations to enhance the portfolios resilience and impact.

Candidate Profile

The successful candidate will have 15+ years of institutional investment management experience, with at least 10 years in leadership roles managing complex, multi-asset class portfolios. Experience at an endowment, foundation, hospital system, investment consultant, OCIO, and/or sophisticated investment management organization is preferred, as is a leader who drives best-in-class thinking and investment processes with an innovative, team-oriented, collaborative approach. This professional will have a demonstrated track record of achieving superior risk-adjusted returns, including experience with asset allocation, manager selection, risk management, and co-investments. This professional will have strong alignment with and be motivated by furthering the mission of TNC, achieving the organizations 2030 goals, and supporting and growing the investment team to achieve results and success to help drive the global impact of TNC.

In terms of specific competencies and additional professional and behavioral attributes, we would highlight the following:

Setting Strategy and Executing for Results

• Deep expertise across public and private markets, including direct investing and co-investments.

• Forward-thinking approach and an appreciation for emerging technologies and AI-enabled decision-making tools to enhance investment strategies and portfolio resilience.

• Foster innovative, imaginative, and ground-breaking ideas to address complex global conservation challenges. Support creativity within the team and among partners.

• Uphold honesty, dependability, accountability, and sound judgment. Maintain the highest standards of ethical conduct in all investment decisions.

• The ability to set clear and challenging goals while committing to improved performance; tenacious and accountable in driving results.

Leading Teams

• Proven leadership skills with the ability to mentor and inspire high-performing, mission-aligned investment teams. A great listener, as well as strong communicator, able to clearly articulate goals, growth opportunities, receive and provide feedback, etc. A professional who is also able to connect the investment team and endowment efforts to and with broader TNC initiatives.

• High EQ and IQ. Ability to foster a culture of learning, idea sharing, strong performance and apprenticeship within the investment team. Additionally, the ability to work across the global footprint and functions within TNC to further the mission, development efforts, and success of the organization.

• Unquestioned ethics, integrity, and commitment to transparency in all aspects of leadership, ensuring alignment with organizational values and long-term goals.

• Embrace continuous learning and actively seek new understanding, knowledge, and skills. Promote knowledge sharing and collective growth across the organization and with partners.

• Ensure fair treatment, access, opportunity, and advancement for all individuals. Promote an authentic environment where everyone feels welcomed, respected, and valued.

Relationship Management and Influence

• Exceptional relationship-building abilities, with experience engaging and presenting to Investment Committees, Boards of Directors, executive leadership, and external partners on regular and ad hoc bases.

• Outstanding communication skills, capable of translating complex investment strategies, performance data, and market insights to stakeholders with varying levels of financial expertise.

• Excellent diplomatic, facilitation, and negotiation skills.

• Demonstrate empathy and an ability to understand and appreciate different perspectives. Act with kindness and respect in all interactions, fostering collaboration across cultures and geographies.

Technical Mastery

• Understanding of derivatives and o]]>