The Employees’ Retirement Fund (“ERF”) was established by ordinance in November 1943 and became effective in January 1944 after ratification by the voters of the City of Dallas. ERF is a single-employer defined benefit pension plan sponsored by the City of Dallas, Texas (the “City”). It provides retirement, disability, and death benefits to its more than 16,000 retired and current members. All employees of the City are members except police officers, firefighters, elected officers, non-salaried appointee members of administrative boards or commissions, temporary employees, individuals working under contract, and individuals whose salaries are paid in part by another government agency. Details below.
The Deputy Chief Investment Officer (DCIO) serves as a key member of the Investment Division leadership team and assists the Chief Investment Officer (CIO) in the development, implementation, and oversight of the Employees’ Retirement Fund’s investment program. The DCIO helps manage a diversified institutional investment portfolio designed to meet the Fund’s long-term actuarial return objectives while maintaining prudent risk management practices. The DCIO provides strategic leadership across multiple asset classes, supports the formulation of investment policy, oversees internal and external investment managers, and ensures adherence to fiduciary standards, governance requirements, and regulatory obligations. The position acts on behalf of the CIO as designated and serves as a principal advisor to executive leadership, the Board of Trustees, and Investment Committee.
Requires a bachelor’s degree (master’s degree preferred) from an accredited college or university in Finance, Economics, Accounting, Business Administration, Mathematics, or a closely related field. Also requires a minimum of ten (10) years of progressively responsible institutional investment management experience. Chartered Financial Analyst (CFA) designation, Institutional Allocator (IA) or Chartered Alternative Investment Analyst (CAIA) designation is required and must be maintained in good standing throughout employment.
The anticipated hiring salary for this position is within an established annual range of $140,000 to $195,000.
Apply online by August 24, 2026 at www.allianceRC.com.
For questions, please contact:
Sherrill Uyeda – suyeda@alliancerc.com
Wesley Herman – wherman@alliancerc.com
Main Office: (562) 901-0769
An Equal Opportunity/ADA Employer
IN ACCORDANCE WITH THE TEXAS PUBLIC INFORMATION ACT, RESUMES MAY BE SUBJECT TO PUBLIC DISCLOSURE.
Message from Allocator Jobs: To help prepare you for this role, take a look at the Institutional Allocator (IA) program from our partnership organization, the Allocator Training Institute. The IA program curriculum gives you a solid foundation of investing from the allocator’s perspective. You’ll learn how to evaluate investment managers, create an ‘endowment-model’ multi-asset class portfolio, and the quantitative tools necessary to succeed in the role. The three-part program can be completed in less than one year and exams are available every quarter-end month. This is the program that will help you start and then accelerate your allocator career. Reach out if you have any questions.
