Portfolio Manager II - Trust Investments

Portfolio Manager II - Trust Investments

Location:

Detroit, MI, US

Job

DTE is one of the nation’s largest diversified energy companies. Our electric and gas companies have fueled our customer’s homes and Michigan’s progress for more than a century. And as Michigan’s largest source of renewable energy, we’re creating a cleaner, healthier environment to power our future. We’re also serving communities beyond Michigan, where our affiliated businesses offer renewable energy, emission control technologies, and energy services to industries in 19 states.

But we’re more than a leading energy company. Working at DTE is more than just a job. We take great care of each other and our customers, and we use our energy to be a force for growth and prosperity in our communities. When you join us, you’ll be part of a team that welcomes, recognizes, and celebrates differences and values everyone’s health, safety, and wellbeing.

Are you ready to make that kind of difference? Bring your energy to DTE. Together, we can achieve great things.

Testing

Required:

Not Applicable

Number of Positions: 1
Apply by: Until filled
Location: Detroit - Walker Cisler Building

Bidding Restriction : 1 Year

Hybrid Role: This role is hybrid, with an established schedule of in-person work required at an assigned work location. Any remote work is expected to be performed from an employee’s primary residence, unless allowed (or prohibited) through the Company’s remote work guidelines.

Emergency Response: Yes – Must be available to perform a primary assignment in support of DTE’s emergency response to storms or other events that impact service to our customers.

DTE Trust Investments manages over $11B in assets including US/Global equities, fixed income, multi-asset/hedge funds, and private markets (equity, credit, real estate). In addition to responsibility for the investment menu for DTE’s 401(k) plan, there are five primary pools of assets Trust Investments has discretionary responsibility for including: defined benefit pension trust, retiree healthcare trust (VEBA), nuclear decommissioning trust (NDT), executive benefit/rabbi trust, and DTE Energy Foundation Trust.

This variety of asset pools with differing liability profiles provides exposure to the development and implementation of investment strategy for a wide range of investor types as a part of one team. This position will significantly contribute to the strategic direction of the Trust Investments organization and the trust funds managed as well as be responsible for owning a segment of the portfolio (e.g. public markets or alternatives/private markets).

Responsibilities will also include contributing to overall portfolio strategy, including items such as asset allocation and risk management, and opportunities for exposure to the operations behind the investment activities. Tasks are diversified, requiring strong analytical and technical skill and independent action is frequently required in assignments. This role involves some responsibility for guiding the workflow of others in the group and outside service providers.

Span of Control: 0;
Individual Contributor

• Leads and/or is a key contributor to asset allocation or asset-liability studies to determine the overall strategic asset allocation of each trust.
• Responsible for all aspects of investment sourcing, underwriting, due diligence, and ongoing monitoring for assigned asset classes (typically more complex such as hedge funds and/or private markets) including compliance with all policies regarding documentation of these activities.
• Participates in the determination of appropriate benchmarks for performance and risk measurement and leads evaluation of investment managers’ risk and returns against policy objectives and benchmarks. Includes recommendations for termination of managers when necessary.
• Develops and maintains relationships with top investment managers and the general institutional investment community to stay on top of trends and potentially enable access to top funds/managers.
• Independently leads legal reviews and negotiation of investment management agreements, contracts, and other documentation…