Position Details
Job Code #: JC-479698
Position #(s): 275-625-4639-001
Working Title: Program Head, Total Portfolio Asset Allocation & Risk Management
Classification: MANAGING INVESTMENT DIRECTOR, PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Salary: $25,750.00 - $42,916.67
This position is eligible for annual and long-term incentive awards. The annual incentive opportunity is 0-165% 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 0-165% 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
Telework: Hybrid
Job Type: Permanent, Full Time
Job Description And Duties
Anticipated Interview Dates: We anticipate holding interviews on an ongoing basis until the position is filled.
This position will run until filled with cutoff dates for review every Friday until filled.
The Investment Office (INVO) is currently seeking a Total Fund Portfolio Management Program Head to oversee teams managing a total portfolio approach to asset allocation, active risk allocation, multi-asset strategy development, financing and liquidity management, economic research, and total fund risk analytics.
Duties Include But Are Not Limited To:
- As a key member of the INVO leadership team, work collaboratively with the Chief Investment Officer and all Investment Office Programs to lead the management of total portfolio risk, including market risk, counterparty risk, and liquidity risk.
- Manage, maintain, and monitor total portfolio exposures to systematic factors through portfolio completion and rebalancing.
- Develop and implement innovative investment strategies that align with CalPERS' long-term objectives, including sustainability, risk-adjusted returns, and fiduciary responsibilities.
- Communicate complex investment strategies and performance metrics in a clear and compelling manner, tailoring presentations to diverse audiences, including the CalPERS Board, legislative bodies, and public stakeholders.
- Integrate cross-asset class perspectives into portfolio design and strategy development, leveraging diverse expertise to optimize risk-adjusted returns.
- Cultivate a culture of collaboration, innovation, and continuous improvement, encouraging the exploration of new investment strategies to enhance portfolio performance.
Telework Information: This position is eligible for a hybrid work schedule, with up to two days of remote work and three days or more onsite, per week.
Final Filing Date: Until Filled
