Please note:

In response to increases in COVID-19 cases, California Department of Human Resources (CalHR) is implementing COVID-19 testing of all unvaccinated state employees working on site as an additional health and safety standard to protect the state workforce and the public it serves.

Job Posting: Board Governance and Sustainability- Managing Investment Director

Public Employees Retirement System

JC-289915
-
Board Governance and Sustainability- Managing Investment Director
MANAGING INVESTMENT DIRECTOR, PUBLIC EMPLOYEES' RETIREMENT SYSTEM

$25,750.00 - $42,916.67 per Month

Final Filing Date: Until Filled

Job Description and Duties

CalPERS is seeking a Managing Investment Director to lead the Board Governance & Sustainability Program.

The Board Governance and Sustainability (BGS) Program is responsible for: advising CalPERS Board on governance and strategy, thought leadership which drive results from CalPERS sustainability strategic planning, coordination of CalPERS Emerging Manager Program, advocacy, and public communication for the Investment Office (INVO).

Under the general direction of the Chief Executive Officer (CEO) and in close consultation with the Chief Investment Officer (CIO), the Managing Investment Director (MID) of BGS serves as a member of the CalPERS INVO Executive Team. A significant responsibility in this role is participation in the INVO leadership team focused on managing the organization from a “Total Fund” perspective. The MID will maintain a positive team management approach while demonstrating CalPERS’ Core Values of Quality, Respect, Integrity, Openness, Accountability, and Balance in accordance with personal work ethic in alignment with CalPERS Investment Beliefs. 

Telework Information:
This position has been designated as eligible for telework in an office-centered capacity. This is defined as the team member working fifty (50) percent or more of their time in the office.

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-289915
Position #(s):
275-091-4639-001
Working Title:
Board Governance and Sustainability- Managing Investment Director
Classification:
MANAGING INVESTMENT DIRECTOR, PUBLIC EMPLOYEES' RETIREMENT SYSTEM
$25,750.00 - $42,916.67

This position is eligible for annual and long-term incentive awards. The annual incentive opportunity is 0-105% of salary and is based on the level of achievement against several quantitative and qualitative measures. The long-term incentive program provides an additional opportunity of 70-105% of base salary beginning after five years and when absolute total fund returns meet or exceed board-approved thresholds.
# 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 $468.10 billion as of March 10, 2022. Headquartered in downtown Sacramento, we are a destination employer with an international reputation for leadership and innovation. At CalPERS, we’re committed to people – the people we serve, our team members, and the larger community around us. CalPERS is situated near the Napa Valley, San Francisco, Lake Tahoe, and other desirable destinations, and we offer competitive benefit packages, compensation, and opportunities for advancement. Our people are deeply committed to our Mission & Vision and their decisions and actions are guided by our Investment Beliefs.

If you are interested in becoming part of a diverse and inclusive workforce where talent, experience, and expertise are valued, CalPERS invites you to apply for this employment opportunity. To find out more about our Diversity, Equity, and Inclusion efforts, visit our website!

To take a look at CalPERS as a destination employer, view this YouTube video.

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.

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-289915/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-289915/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:
  • Understanding of quantitative financial/economic modeling tools, markets, data sources and practices
  • Acts in a professional manner and demonstrates a high degree of integrity, honesty, and ethical behavior
  • Demonstrates openness and trust
  • Establishes and builds rapport by modeling values-based behaviors
  • Exhibits strong interpersonal and mentoring skills
  • Promotes teamwork and cross-functional collaboration and communication in support of CalPERS strategic goals
  • Promotes a high-performance culture where employees are encouraged and enabled to perform to their greatest potential
  • Excellent written and verbal communication, attention to detail, and organizational skills

Benefits

CalPERS team members are eligible for a number of benefits. Health benefits and leave programs are available for most team members. Benefit eligibility may depend on length of service and collective bargaining agreements.

Some added benefits CalPERS offers include:
  • Alternate Work Schedules
  • Flexible Work Hours
  • Onsite childcare facility
  • Onsite fitness center
  • Onsite café and nearby restaurants
For more details about employee benefits, visit the California Department of Human Resources website.

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.

Additional Information

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.

Recruitment Process

The executive search firm, Dore Partnership, is assisting in the recruitment process for this position. You are welcome to submit your cover letter and resume directly to Dore.

Please note the contact information below.

Katie Robinson
Email: krobinson@dorepartnership.com
Subject: CalPERS Managing Investment Director, BGS

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