Public Employees Retirement System
JOB ANNOUNCEMENT POSTING
INVESTMENT DIRECTOR, PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Final Filing Date:Until Filled
The State of California is an equal opportunity employer to all, regardless of age, ancestry, color, disability (mental and physical), exercising the right to family care and medical leave, gender, gender expression, gender identity, genetic information, marital status, medical condition, military or veteran status, national origin, political affiliation, race, religious creed, sex (includes pregnancy, childbirth, breastfeeding and related medical conditions), and sexual orientation.
It is an objective of the State of California to achieve a drug-free work place. Any applicant for state employment will be expected to behave in accordance with this objective because the use of illegal drugs is inconsistent with the law of the State, the rules governing Civil Service, and the special trust placed in public servants.
INVESTMENT DIRECTOR, PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Permanent, Full Time
California Public Employees’ Retirement System (CalPERS) is a global institutional investor and the nation’s largest public pension fund, with assets of approximately $306.81 billion as of August 19, 2016. Headquartered in downtown Sacramento, CalPERS is situated in close proximity to the Napa Valley, San Francisco, Lake Tahoe, and other desirable destinations in California. Our people are deeply committed to our core values
and their decisions and actions are guided by our investment beliefs
. If you thrive in a fast paced, challenging and rewarding environment where diversity in perspective and experience is valued, this may be the right opportunity for you.
to see what it’s like to work in the CalPERS Investment Office.
CalPERS Investment Office seeks an investment director for a new role, reporting to CalPERS Chief Operating Investment Officer. The executive and his/her team will oversee the development, implementation and ongoing management of a new and comprehensive external investment manager engagement program, ensuring a consistent and robust manager selection, monitoring, and reporting process for all asset classes, mandates and designated initiatives. The position requires coordination and collaboration across multiple internal and external stakeholder groups, including internal asset class decision makers, emerging, transition, and strategic external manager groups and related communities, and CalPERS governance structures.
To view the Duty Statement click here.
Candidates new to CalPERS are required to submit to a criminal history review process utilizing Live Scan fingerprinting.
Must be able to qualify for a Surety Bond.
CalPERS Disclosure Requirements
If employed, you may be subject to rules imposed by Personal Trading Regulations and Conflict of Interest Code that apply to CalPERS employees, which require disclosure of certain investment information and use of a designated trading platform for securities transactions, as well as filing a Statement of Economic Interest (Form 700).
Completed applications and all required documents must be received by the Final Filing Date in order to be considered.
Final Filing Date:
Who May Apply
Completed applications and all required documents must be received or postmarked by the Final Filing Date in order to be considered. Individuals who are currently in the classification, eligible for lateral transfer, eligible for reinstatement, eligible for a Training and Development assignment, have SROA and/or Surplus eligibility, or have list eligibility (or are in the process of obtaining list eligibility). SROA and Surplus candidates may attach “surplus letters” to their applications. Applicants must meet any Minimum Qualifications stated in the Classification Specification(s). Applications will be screened and only the most qualified applicants will be selected for an interview.
How To Apply
Complete Application Packages (Applications and any applicable or required documents) must be submitted electronically through your CalCareer account at www.jobs.ca.gov.
Applicants requiring reasonable accommodations for the hiring interview process must request the necessary accommodations if scheduled for a hiring interview. The request should be made at the time of contact to schedule the interview.
Questions regarding reasonable accommodations may be directed to the EEO contact listed on this job posting.
Required Application Documents
Please submit the following items with your application.
Applicants who do not submit the required items timely may not be considered for this job:
State Examination/Employment Application STD Form 678.
All Experience and Education relating to the Minimum Qualifications listed on the Classification Specification should be included to demonstrate how you meet the Minimum Qualifications for the position.
Resume is optional. It may be included, but is not required.
In addition to evaluating each candidate's relative ability, as demonstrated by quality and breadth of experience, the following factors will provide the basis for competitively evaluating each candidate:
The ideal candidate wil have at least 10-15 years’ relevant experience, ideally in an investment-related setting, and successful experience implementing and managing complex projects within a large, matrixed and collaborative organization. Comfort as an internal and external “spokesperson,” excellent communication and motivational skills, familiarity with quantitative financial tools, a strategic vision as well as attention to detail and strong experience working with Boards and across multiple stakeholder groups are essential. An undergraduate degree from a well-recognized institution is requisite; an advanced degree and relevant professional certification, such as a CFA, are also desirable.
• Leadership – The ability to assemble, organize and motivate a team. Leadership skills may be demonstrated by relevant experience.
• Collaborate - A comfort and appreciation for operating in a team and consensus driven environment is a key aspect underlying success in the CalPERS environment
• Communicate – The ability to communicate investment related ideas and information in a wide array of venues and to audiences with varying degrees of financial sophistication, is a primary requirement.
• Quantitative Knowledge – Mastery of quantitative financial/economic modeling tools, markets, data sources and practices. Evidence of the requisite level of expertise may include advanced degree(s) in relevant categories, authoring practitioner and/or academic papers, or responsibility for the design and implementation of significant projects or activity.
• Education - Possession of an advanced degree, such as MBA, JD or certifications such as CFA, CPA, CAIA, or other equivalent financial or accounting certification.
• A high degree of initiative, professionalism, confidentiality, and able to work well under pressure in a fast-paced environment.
• Be flexible in adapting to changes in priorities, assignments, and other interruptions which may impact pre-established timelines and courses of action.
• Excellent written and verbal communication, attention to detail, and organizational skills are also desirable.
CalPERS employees are eligible for a number of benefits. Health benefits and leave programs are available for most permanent, full-time employees and some permanent, part-time employees. Benefit eligibility may depend on length of service and may be subject to collective bargaining agreements, which are contracts negotiated between the State of California and employee organizations that define employees' wages, hours, and conditions of employment. Some added benefits CalPERS offers include:
• Alternate Work Schedules
• Flexible Work Hours
• Child Care
For more details about employee benefits, visit the California Department of Human Resources