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, etc. Frequently review PI’s periodic and ad-hoc reporting to ensure it is appropriately specified to effectively monitor the positions and conditions, and has been developed, created, optimized, validated, and distributed to the appropriate parties.
• Ensure the team prepares, delivers and maintains authorized trader lists, Know Your Customer (KYC) information secretary certificates, and other information as may be appropriate to authorize traders, and ensure they are able to appropriately transact with counterparties.
• Ensure the team prepares, delivers and maintains authorized trader lists, DOA changes on behalf of the team leaders, and provide external parties proof of authorizations such as authorized personnel letters, secretary certificates, and/or other information as may be necessary and ensure the teams are able to effectively transact.
• Ensure the team prepares, delivers and maintains any regulatory required filings/documentation as may be necessary to optimally operate and transact.
• Negotiate, prepare, deliver and maintain any brokerage/custody/trading account documentation and legal agreements (ISDA’s, FCM’s, Brokerage Accounts etc.) as may be necessary to optimally transact in the markets and with counterparties.
• Ensure the team implements information sources that may be required to manage, value and measure the performance of PI’s positions.
• Ensure the team evaluates changes in the regulatory environment and industry practices, and use in depth experience to predict their impact guiding the development of optimal PI positions for the conditions while ensuring appropriate documentation is maintained.
• Manage the validation of PI’s various financial statement impacts and represent PI in completing the periodic financial statement footnote reviews.

Oversee and administer the Portfolio Investments systems, the access and permissions for all those needing various levels of access to the systems controlled by the teams, and drive access and permissions for team members to systems managed by other functions.

Complete ad-hoc requests, and fulfill other routine duties as may be appropriate and/or required.

Ideal candidates will have an outstanding track record of performance in a number of the other Treasury/Finance processes which allows a deeper understanding of the nature of the company’s operations, reporting and controls.  Prior experience in Treasury Financial Operations, Financial Planning, Middle Office and Accounting is desirable.  Other high performing employees may be considered who have demonstrated the required characteristics and have experience in a related finance field, and/or career switchers who have displayed strong interest in, and commitment to, the field.

Successful candidates for this position should possess an innate passion for people leadership, operations and technology. They should be naturally curious with a desire for continuous learning, have strong quantitative and analytical skills with impeccable business judgement, enjoy contemplating and evaluating complex topics, can articulate complex concepts simply and quickly, are resourceful self-starters with a strong bias to action, think ahead to what will be required and act with a sense of urgency, have excellent project management and organizational skills and drive projects to completion by their deadlines, take responsibility/accountability for their results, excel in negotiations, have excellent attention to detail, thrive in a fast paced high pressure environment, have a positive proactive attitude and work well as part of a team to collaborate for company success.

Required Qualifications:

• A minimum of a bachelor’s degree (preferentially in a field such as Engineering, Finance, Accounting, Math and/or Economics) OR relevant military experience at or above a U.S. E6 or Canadian Petty Officer 2nd Class or Sergeant ranking.
• A minimum of 8 years of total experience with a focus in financial/investments-oriented operations, compliance, systems, and/or other relevant experience.
• A minimum requirement for this U.S. based position is the ability to work legally in the United States. No visa sponsorship/support is available for this position, including for any type of U.S. permanent residency (green card) process.

Preferred Qualifications:

• Master’s degree (MBA with a finance focus preferred).
• Prior experience in Treasury Financial Operations and Financial Planning is desirable.

Your Skills:

• Financial Management: Understanding of financial operations, financial planning, and benefit plan accounting & performance principles with an understanding of a regulatory and control environment, and business/financial law.
• Financial Systems: In depth understanding of and interest in technology and financial systems.
• Project Management: Significant project management experience.
• Communication: Strong written and verbal communication skills.
• Influential Leadership: Ability to inspire, guide, and motivate others, shaping perspectives, fostering collaboration, and driving positive change through trust and effective communication.

Additional Notes

Relocation assistance is not available for this position.

Benefits – What Dow offers you 

We invest in you. 
 

Dow invests in total rewards programs to help you manage all aspects of you: your pay, your health, your life, your future, and your career. You bring your background, talent, and perspective to work every day. Dow rewards that commitment by investing in your total wellbeing.  

Here are just a few highlights of what you would be offered as a Dow employee: 

• Equitable and market-competitive base pay and bonus opportunity across our global markets, along with locally relevant incentives. 
• Benefits and programs to support your physical, mental, financial, and social well-being, to help you get the care you need...when you need it. 
• Competitive retirement program that may include company-provided benefits, savings opportunities, financial planning, and educational resources to help you achieve your long term financial-goals. 
  • Employee stock purchase programs (availability varies depending on location).
• Student Debt Retirement Savings Match Program (U.S. only).
  • Dow will take the value of monthly student debt payments and apply them as if they are contributions to the Employees’ Savings Plan (401(k)), helping employees reach the Company match.
• Robust medical and life insurance packages that offer a variety of coverage options to meet your individual needs. Travel insurance is also available in certain countries/locations.
• Opportunities to learn and grow through training and mentoring, work experiences, community involvement and team building. 
• Workplace culture empowering role-based flexibility to maximize personal productivity and balance personal needs. 
• Competitive yearly vacation allowance.
• Paid time off for new parents (birthing and non-birthing, including adoptive and foster parents).  
• Paid time off to care for family members who are sick or injured.  
• Paid time off to support volunteering and Employee Resource Group’s (ERG) participation. 
• Wellbeing Portal for all Dow employees, our one-stop shop to promote wellbeing, empowering employees to take ownership of their entire wellbeing journey.
• On-site fitness facilities to help stay healthy and active (availability varies depending on location).
• Employee discounts for online shopping, cinema tickets, gym memberships and more.
• Additionally, some of our locations might offer:
  • Transportation allowance (availability varies depending on location)
  • Meal subsidiaries/vouchers (availability varies depending on location)
  • Carbon-neutral transportation incentives e.g. bike to work (availability varies depending on location)

Join our team, we can make a difference together.

About Dow

Dow (NYSE: DOW) is one of the world’s leading materials science companies, serving customers in high-growth markets such as packaging, infrastructure, mobility and consumer applications. Our global breadth, asset integration and scale, focused innovation, leading business positions and commitment to sustainability enable us to achieve profitable growth and help deliver a sustainable future. We operate manufacturing sites in 31 countries and employ approximately 35,900 people. Dow delivered sales of approximately $45 billion in 2023. References to Dow or the Company mean Dow Inc. and its subsidiaries. ​​​​Learn more about us and our ambition to be the most innovative, customer-centric, inclusive and sustainable materials science company in the world by visiting www.dow.com.

As part of our dedication to the diversity of our workforce, Dow is committed to equal opportunities in employment.  We encourage every employee to bring their whole self to work each day to not only deliver more value, but also have a more fulfilling career. Further information regarding Dow's equal opportunities is available on www.dow.com.

Dow is an Equal Employment Opportunity employer and is committed to providing opportunities without regard for race, color, religion, sex, including pregnancy, sexual orientation, or gender identity, national origin, age, disability and genetic information, including family medical history. We are also committed to providing reasonable accommodations for qualified individuals with disabilities and disabled veterans in our job application procedures. If you need assistance or an accommodation due to a disability, you may call us at 1-833-My Dow HR (833-693-6947) and select option 8.