Job Posting: Investment Manager, Opportunistic Strategies

Public Employees Retirement System

JC-255842
-
Investment Manager, Opportunistic Strategies
INVESTMENT MANAGER, PUBLIC EMPLOYEES' RETIREMENT SYSTEM

$15,250.00 - $25,416.67 per Month

Final Filing Date: Until Filled

Job Description and Duties

Our Opportunistic Strategies program is currently seeking an Investment Manager to assist in the management of the CalPERS Enhanced Return Portfolio and be responsible for the day-to-day implementation and execution of investment strategies and drive our CalPERS mission.

Duties include but are not limited to:

  • Direct the day-to-day implementation of investment strategies and policies within the CalPERS Opportunistic portfolios to ensure investments earn the highest rate of return at strategically targeted risk levels. 
  • Lead teams for evaluating and underwriting investments in private debt commingled funds and separate accounts and performing analysis to determine appropriate sector allocations for the CalPERS Opportunistic portfolios. 
  • Lead and conduct analysis on private debt industry trends, including, but not limited to, capital raised, leverage levels, company sizes, and historical performance by strategy. 
  • Responsible for conducting market research and in-depth analytics to recommend and assist in the development of private debt portfolio strategies with appropriate governance framework, selection criteria, and repeatable processes to assess performance and risk profile. 
  • Maintain appropriate contacts with private debt managers, loan managers, and professional peers in the investment and broker/dealer communities as a source of valuable investment information.
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You will find additional information about the job in the Duty Statement.

Minimum Requirements

You will find the Minimum Requirements in the Class Specification.

Position Details

Job Code #:
JC-255842
Position #(s):
275-650-4637-008
Working Title:
Investment Manager, Opportunistic Strategies
Classification:
INVESTMENT MANAGER, PUBLIC EMPLOYEES' RETIREMENT SYSTEM
$15,250.00 - $25,416.67
# of Positions:
1
Work Location:
Sacramento County
Job Type:
Permanent, Full Time

Department Information

California Public Employees’ Retirement System (CalPERS) is a global institutional investor and the nation’s largest public pension fund, with assets of approximately $469.73 billion as of June 14, 2021. Headquartered in downtown Sacramento, CalPERS is situated near the Napa Valley, San Francisco, Lake Tahoe, and other desirable destinations in California. Our people are deeply committed to our Mission & Vision 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.

Click here to see what it’s like to work in the CalPERS.

Special Requirements

Live Scan
Candidates not currently employed at CalPERS are required to submit to a criminal history review process utilizing Live Scan fingerprinting.

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 team members, 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)

Background Investigation
In addition to Live Scan, this position requires additional background screening prior to employment.

Surety Bond
Must be able to qualify for a Surety Bond.

Please do not include any confidential information on any documents in your application package. Confidential information that should be excluded or removed from these documents include, but is not limited to, your social security number, date of birth, marital status, personal photos, a copy of your driver’s license, equal employment opportunity data, examination scores, and LEAP status.

Application Instructions

Dates printed on Mobile Bar Codes, such as the Quick Response (QR) Codes available at the USPS, are not considered Postmark dates for the purpose of determining timely filing of an application.

Final Filing Date: Until Filled

Who May Apply

Individuals who are currently in the classification, eligible for lateral transfer, eligible for reinstatement, have list eligibility, are in the process of obtaining list eligibility, or have SROA and/or Surplus eligibility (please attach your letter, if available). SROA and Surplus candidates are given priority; therefore, individuals with other eligibility may be considered in the event no SROA or Surplus candidates apply. Individuals who are eligible for a Training and Development assignment may also be considered for this position(s).

Applications will be screened and only the most qualified applicants will be selected to move forward in the selection process.
Applicants must meet the Minimum Qualifications stated in the Classification Specification(s).

How To Apply

Complete Application Packages (including your Examination/Employment Application (STD 678) and applicable or required documents) must be submitted to apply for this Job Posting. Application Packages may be submitted electronically through your CalCareer Account at www.CalCareers.ca.gov. When submitting your application in hard copy, a completed copy of the Application Package listing must be included. If you choose to not apply electronically, a hard copy application package may be submitted through an alternative method listed below:

Address for Mailing Application Packages

You may submit your application and any applicable or required documents to:

Public Employees Retirement System
Attn: JC-255842/QA
Human Resources Division
P. O. Box 942718
Sacramento, CA 94229-2718

Address for Drop-Off Application Packages

You may drop off your application and any applicable or required documents at:

Public Employees Retirement System
JC-255842/QA
Human Resources Division
400 Q Street, LPN, 3rd Floor, Room 3260
Sacramento, CA 95811
08:00 AM - 05:00 PM

Required Application Package Documents

The following items are required to be submitted with your application. Applicants who do not submit the required items timely may not be considered for this job:

  • Current version of the State Examination/Employment Application STD Form 678 (when not applying electronically), or the Electronic State Employment Application through your Applicant Account at www.CalCareers.ca.gov. 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.
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.

Desirable Qualifications

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:
  • 10 years of experience in debt investments with at least 5 years of security analysis, trading or structuring experience.
  • High level of proficiency with Microsoft Excel, Intex and Aladdin.
  • A comfort and appreciation for operating in a team and consensus driven environment is a key aspect underlying success in the CalPERS environment.
  • 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.
  • Ability to act in a professional manner and a demonstrated high degree of integrity, honesty, and ethical behavior.
  • Ability to establish and build rapport by modeling values-based behaviors such as trust, respect, and accountability.
  • Demonstrated strong interpersonal and mentoring skills.

Benefits

CalPERS team members are eligible for a number of benefits. Health benefits and leave programs are available for most permanent, full-time team members and some permanent, part-time team members. 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 team member organizations that define team members’ wages, hours, and conditions of employment.

Some added benefits CalPERS offers include:
  • Alternate Work Schedules
  • Flexible Work Hours
  • Independently run childcare facility
  • Onsite fitness center
  • Onsite café and walking distance to nearby restaurants

General State Employment Benefits and Protections

Click here to view more information about the outstanding benefits offered to State employees.

Contact Information

The Human Resources Contact is available to answer questions regarding the position or application process.

Human Resources Contact:
CalPERS Careers
(916) 795-3065
careers@calpers.ca.gov

Please direct requests for Reasonable Accommodations to the interview scheduler at the time the interview is being scheduled. You may direct any additional questions regarding Reasonable Accommodations or Equal Employment Opportunity for this position(s) to the Department's EEO Office.

EEO Contact:
CalPERS EEO
(916) 795-3675
EEO@calpers.ca.gov
California Relay Service: 1-800-735-2929 (TTY), 1-800-735-2922 (Voice) TTY is a Telecommunications Device for the Deaf, and is reachable only from phones equipped with a TTY Device.

Equal Opportunity Employer

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.

Application Methods:
Electronic (Using your CalCareer Account)
By Mail
Drop-off