Job Description

Job Description and Duties

An executive search firm will be assisting in the recruitment process for this position. Your application package will be forwarded to their team for consideration.

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. 

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.

Sponsorship:  CalPERS does not participate in E-Verify for employment authorization purposes.

Our 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.

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You will find additional information about the job in the .

Special Requirements

Recruitment Process

An executive search firm will be assisting in the recruitment process for this position. Your application package will be forwarded to their team for consideration.

Minimum Qualifications

All experience and education relating to the Minimum Qualifications (MQs) listed on the Classification Specification should be included in your application package to clearly demonstrate how you meet the MQs for this position. The Classification Specification is located on this Job Posting under "Minimum Requirements."

Please Note: You may need to pass an examination to establish list eligibility prior to any type of job offer. To find and take an exam, visit the CalHR’s CalCareers website .

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:

• 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

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
• Free onsite parking available Mondays and Fridays, subject to change
• Free offsite parking available with shuttle service Tuesdays, Wednesdays, and Thursdays

For more details about employee benefits, visit the California Department of Human Resources website.

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.

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 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.

Job Tags

Ongoing contract, Permanent employment, Full time, Work at office, Remote work, Monday to Friday, Flexible hours,

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