Director Global Portfolio Investments Operations

At Dow, we believe in putting people first and we’re passionate about delivering integrity, respect and safety to our customers, our employees and the planet.  

Our people are at the heart of our solutions. They reflect the communities we live in and the world where we do business. Their diversity is our strength. We’re a community of relentless problem solvers that offers the daily opportunity to contribute with your perspective, transform industries and shape the future. Our purpose is simple - to deliver a sustainable future for the world through science and collaboration. If you’re looking for a challenge and meaningful role, you’re in the right place. 

About you and this role:

The Dow Chemical Company Finance organization has an opening for a Director of Global Portfolio Investments Operations within the Treasury’s Portfolio Investments (PI) team, located at the company’s World Headquarters in Midland, Michigan.

In this role, you will have day-to-day oversight of a team of professionals to ensure that the mission of the global Portfolio Investments team is implemented smoothly and expediently with responsibility for managing and enhancing all operational and infrastructure aspects of Portfolio Investments.  The successful candidate will be an ERISA fiduciary, and a key member of the Portfolio Investments team.

The Portfolio Investments team is the in-house asset manager for the company’s global defined benefit plans, defined contribution plans and Insurance subsidiaries with $30+ billion of assets under management.  This is an excellent opportunity use your significant leadership, finance skills, business acumen to manage the global operations and their intersection with numerous other internal functions such as: Asset Allocation, Manager Oversight, Oversight Boards, Compliance, Systems, Legal and Accounting in conjunction with our external partners such as: Trustees/Custodians, Asset Managers, Banks, Actuaries, Data Providers, etc. to contribute to the teams’ key deliverables.

Your responsibilities include (include but are not limited to):

In alignment with the vision of, and at the direction of, the President of Insurance, Chief Investment Officer & Global Director of Corporate Venture Capital and the Sr. Directors of Asset Allocation, Manager Oversight, and Defined Contribution Plans, drive the timely specification, development and implementation of infrastructure and practices to advance the mission of the teams.  For example:

• Implement the Operations Team design and procedures to ensure the team is continually prepared to proactively complete the activities of PI across all markets and time-zones.
• Guide the team in the implementation of the Trustee/Custodian/FCM/Brokerage account structures to ensure they are operationally efficient and provide the appropriate accounting and performance measurement for PI’s positions.
• Drive the team to pro-actively seek opportunities for continuous improvement and efficiency.
• Optimize & streamline reporting capability.
• Ensure the Operations Team operates in complete compliance with all laws, regulations delegations, controls, policies, and procedures.

Actively lead, develop, mentor, teach and train each member of the team in all aspects of PI Operations, finding opportunities to provide them appropriate exposure, and be seen as a role-model for all employees.

Lead the efficient and orderly execution, monitoring and management of Portfolio Investments Operations in coordinate with the PI team and other functions and service providers such as Compliance, Systems, Planning, Legal, Accounting, Trustees/Custodians, Asset Managers, Banks, Actuaries, Data Providers, etc. and others to timely:

• Ensure the team validates, reviews for appropriateness and completes all PI payments (Invoices, Capital Calls, Collateral/Margin etc.)
• Guide the team in the tracking of all uses and sources of liquidity across the various accounts to optimally and efficiently manage our liquidity position and to develop forecasts of potential liquidity needs across various horizons and potential PI/market events.
• Ensure the team completes all post trade/transaction and position holding activities (Confirm transactions, provide direction letters, process trade life cycle events, systematically reconcile positions among FCM/brokerage/custody/counterparties/asset managers/etc. and resolve any valuation, collateral, payment discrepancies among the parties).
• Manage all market data, system rate tables, and their source providers,