Deputy Chief Investment Officer

Summary Join a mission-driven agency that helps millions of Americans save for retirement. The Federal Retirement Thrift Investment Board (FRTIB) is seeking a talented and motivated professional to serve in the role of Deputy Chief Investment Officer. As part of our team, you'll contribute to the stewardship of the Thrift Savings Plan (TSP)--the largest retirement plan in the U.S.--and help deliver exceptional service to federal employees, members of the uniformed services, and beneficiaries. Learn more about this agency Duties Serve as the Chief Investment Officer's (CIO) deputy by managing office operations, staff, and resources to ensure investment programs run efficiently and effectively. Provide senior investment leadership by overseeing investment policies, risk management, performance analysis, and resolution of complex investment issues. Lead the selection, oversight, and performance evaluation of external investment managers and contractors supporting the Agency's investment portfolio. Direct procurement and Request for Proposals processes to acquire investment management services and ensure contractors meet operational and performance requirements. Supervise and develop professional staff by setting priorities, evaluating performance, and fostering a high-performing, accountable investment team. Requirements Conditions of employment You must be a U.S. Citizen to apply for this position. Make sure your application is complete. All required qualifications must be met by no later than 05/18/2026. Your application will not be reviewed if any required documents listed under the "Required Documents" section are missing. You may need to complete a one-year probationary period if you're selected. You may also need to complete a one-year supervisory probationary period. Selective Service Registration is required for male applicants born after December 31, 1959, unless exempt under federal law. You'll need to certify your registration status if selected. A background check is required. Your continued employment depends on successfully completing a background investigation and receiving a federal suitability or security clearance. You may receive a tentative job offer while the investigation is underway. Qualifications To qualify for this position, you must meet the specialized experience requirements listed below. Some positions may also require a basic qualification, such as a specific degree or certification. If applicable, that requirement will be listed below as well. Basic Requirement Undergraduate and Graduate Education: Major study -- finance, business administration, economics, accounting, insurance, engineering, mathematics, banking and credit, law, real estate operations, statistics, or other fields related to the position, such as agriculture, agricultural economics, farm, livestock or ranch management, or rural sociology. OR Experience such as performing financial analysis and evaluation work requiring a comprehensive knowledge of (1) corporate finance and any specialized fields of finance required such as public finance, securities, international finance, money and securities markets, investments, and banking, and (2) the financial and management structure, operations, and practices of corporate and other organizations. Specialized Experience GS-15: You must have at least one year of full-time specialized experience at the GS-14 grade level (or equivalent) that shows you have the knowledge, skills, and abilities needed to do the work. Examples of specialized experience include: a) leading analysis of investment performance, benchmarks, and cash flows to evaluate managers and advising leadership on portfolio decisions; b) directing due diligence and ongoing oversight of external investment managers to ensure compliance, manage risk, and improve overall investment results; c) managing competitive procurements for investment or financial services to select, oversee, and evaluate contractors supporting institutional investment programs; and d) developing compliance policies and led complex studies to address emerging risks and provide recommendations to senior leaders with minimal supervision. What Counts as Experience We consider both paid and unpaid experience, including but not limited to volunteer work with organizations like the Peace Corps, AmeriCorps, or other community groups. Volunteer work can help you develop skills that are directly relevant to this job. A full year of work means working 35-40 hours per week. If you worked part-time, we'll calculate your experience based on the actual hours you worked to add up to one year of full-time equivalent work (2,087 hours). To receive credit for part-time work, you must clearly describe your duties and responsibilities, and the number of hours you worked each week. Education If this position has an education requirement, or if you are using education to qualify instead of experience, you must submit a copy of your transcripts with your application. Transcripts can be unofficial, but they must: Be from an accredited college or university Include course names and the number of quarter or semester hours/credits Click here to search the database of accredited institutions. Foreign Education If you completed your education outside the United States, you must show that your credentials have been evaluated by a recognized organization that specializes in reviewing foreign education. Your education must be determined to be equivalent to that received from an accredited U.S. institution. For further information visit the U.S. Department of Education's website concerning foreign qualifications. Additional information The FRTIB offers wonderful benefits and work/life-balance flexibilities to help empower and reflect respect for our employees. Our comprehensive benefits package includes paid time off*, life insurance, health benefits, and participation in the federal retirement system. We offer, as applicable, flexible work hours, annual and sick leave, transit and childcare subsidies, free and confidential employee assistance and occupational health referral services, free on-site fitness center, and off-site fitness membership reimbursement. This announcement may also be used to fill additional Deputy Chief Investment Officer, GS-1160-15, positions at FRTIB in the same location, requiring similar qualifications and experience. Further benefits and flexibility details are located here: FRTIB Employee Benefits. The FRTIB offices are conveniently located within a few blocks of the Union Station metro station. In addition, private parking is available in the building at the posted daily and monthly rates. Relocation expenses are not authorized for this position; however, other recruitment incentives may be authorized. Expand Hide  additional information Candidates should be committed to improving the efficiency of the Federal government, passionate about the ideals of our American republic, and committed to upholding the rule of law and the United States Constitution. Benefits A career with the U.S. government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding. Opens in a new windowLearn more about federal benefits. Review our benefits Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time or intermittent. Contact the hiring agency for more information on the specific benefits offered.