At a glance
Position:Director Global Portfolio Investments Operations
Primary Location:Midland (MI, USA), Michigan, United States of America
Schedule:Full time
Date Posted:06/09/2025
Job Number:R2059386
Position Type:Regular
Workplace Type:Onsite
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:
TheDow Chemical CompanyFinance organization has an opening for aDirector of Global Portfolio Investments Operationswithin the Treasury's Portfolio Investments (PI) team, located at the company's World Headquarters inMidland, 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
