The W.K. Kellogg Foundation (WKKF), founded in 1930 as an independent, private foundation by breakfast cereal innovator and entrepreneur Will Keith Kellogg, is among the largest philanthropic foundations in the United States. Guided by the belief that all children should have an equal opportunity to thrive, WKKF works with communities to create conditions for vulnerable children so they can realize their full potential in school, work and life. More details below.
The Opportunity
The W.K. Kellogg Foundation’s Investment Office seeks to generate excellent, long-term, risk-adjusted returns that advance the Foundation’s mission. Reporting to the Associate Director, Asset Allocation and Risk Management, the Senior Analyst, Investment Operations plays a key role in supporting the operational integrity of the Foundation’s investment portfolio. Working closely with the Manager, Investment Operations, and the Analyst, Investment Operations, this role coordinates complex investment operations across public and private market investments, including investment onboarding, cash flows, settlements, data management, operational controls, and reporting.
The Senior Analyst helps ensure operational excellence by maintaining accurate investment records, strengthening processes and workflows, supporting governance and compliance activities, and partnering across the investment office and with external service providers to enable efficient, well-controlled investment operations.
Responsibilities
Operations & Execution
• Working within the priorities, procedures, and review framework established by the Investment Operations Manager, coordinate assigned mid- and back-office and administrative processes necessary
for implementing approved investment decisions, including onboarding new investments, maintaining existing investments, and terminating investments as needed.
Data Management & Reporting
• Maintain assigned investment operations data and document-management processes in accordance with standards established by the Manager, Investment Operations, helping ensure key investment documents, data, and records are accurately retained, organized, complete, and accessible.
Cash Flow and Activity Support
• Coordinate the operational processing of approved rebalancing activity, additions, redemptions, purchases, sales, manager fundings, and investment terminations consistent with established procedures and Manager, Investment Operations oversight.
Requirements
Strong candidates will bring many of the capabilities and experiences below. WKKF recognizes that no candidate
is likely to meet every preferred qualification and encourages candidates with transferable skills and the capacity
to grow into the role.
Education and Experience
• A bachelor’s degree is required, preferably in investments, accounting, business, or economics.
• A minimum of four years of experience in investment operations, fund administration, asset management, or a
related investment-oriented occupation.
• Experience fostering collaborative relationships across diverse cultural and professional backgrounds.
Core Capabilities
• Manage the account opening, processing, and administrative needs of a complex multi-asset class, global portfolio.
• Knowledge of financial products such as separately managed accounts, commingled funds, limited partnerships, investment agreements, private placement memorandums, and subscription documents related to investments in public equities, fixed income, hedge funds, and private equity partnerships.
• Relevant knowledge of investments, tax, legal, AML & KYC, and operations to fulfill middle- and back-office tasks as needed.
• Learning agility to develop proficiency in relevant investment-related technology systems as needed.
• Ability to effectively communicate (both verbally and in writing) investment operations insights to support the CIO and team goals.
• Familiarity with Northern Trust, BNY Mellon, or similar financial services/custodial institutions is preferred.
• Personal abilities: Absolute integrity, discretion, and commitment to the fiduciary responsibilities of WKKF.
Desired Qualities & Characteristics
• Individual agile qualities, characteristics, and leadership dimensions in alignment with WKKF’s networked organization:
o Shares WKKF’s values & DNA
o Intercultural competence
o Openness/self-awareness
o Ego management
o Unifier
o Change competence
o Collaborative
o Conflict competence
o Listens well
o Systems thinking
o Talent architect/people developer
o Empowering leadership
o Trust builder
o Shared accountability
o Results-oriented
Total Rewards, Total Well-Being
Investing in our people means caring for the health, well-being and success of our employees and their families – a
precedent set by our founder, Will Keith Kellogg, more than 90 years ago. Today, our Total Rewards package
provides top-tier compensation and benefits as we aim to be the best foundation to work for.
Salary Range: $103,000 – $128,000 The final offer will be based on relevant experience, skills, internal equity and
WKKF compensation practices. The position will also be eligible for a discretionary bonus.
WKKF offers a comprehensive Total Rewards package that goes beyond salary. At A Glance:
Compensation Competitive base pay, merit increases, spot bonuses and service awards.
Health & Welfare Medical, dental and vision coverage effective on date of hire, plus HSA/FSA options and
monthly Choice Credits.
Retirement 401(k) with employer match plus an annual employer contribution; 100% vested immediately.
Income Protection Employer-paid life insurance and long-term disability coverage.
Wellness Health & fitness reimbursement, financial planning support and the LiveWell incentive
program.
Extended Programs
This role is Flexible Work Program eligible (eligibility based on work location), Additional
benefits include the Employee Assistance Program, educational reimbursement, adoption
assistance, relocation assistance, and more. Employee Assistance Program, educational
reimbursement, adoption assistance, relocation assistance and more.
To learn more about our comprehensive Total Rewards offerings, please visit the WKKF Careers website.
How To Apply
The W.K. Kellogg Foundation has retained Clubb Search Partners to lead this search. To apply, please send your resume and cover letter to our search partners Aaron Clubb at aaron@clubbsearch.com, and Noble Madu at noble@clubbsearch.com. Please use WKKF SA Investment Operations as the Subject Line and include commentary about why you’re interested in the opportunity.
Message from Allocator Jobs: To help prepare you for this role, take a look at the Institutional Allocator (IA) program from our partnership organization, the Allocator Training Institute. The IA program curriculum gives you a solid foundation of investing from the allocator’s perspective. You’ll learn how to evaluate investment managers, create an ‘endowment-model’ multi-asset class portfolio, and the quantitative tools necessary to succeed in the role. The three-part program can be completed in less than one year and exams are available every quarter-end month. This is the program that will help you start and then accelerate your allocator career. Reach out if you have any questions.
