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Type of Role: InvestmentsOperations

Experience Level: Analyst/Associate

Location: Sacramento , California

Salary: $117K - $140K

The California State Teachers’ Retirement System (CalSTRS) has $309 billion in AUM and provides retirement, disability and survivor benefits for California’s 965,000 prekindergarten through community college educators and their families.

Under the general direction of the Associate Portfolio Manager, the Investment Officer III provides high-level investment and financial expertise to staff and management. The incumbent works independently to serve as the lead of contact on investment projects and/or initiatives and provides investment and financial expertise on complex operational activities related to managing the CalSTRS’ Investment Portfolio utilizing a wide range of analytical and technical skills, effective oral and written communication skills, project management, and knowledge of investment securities. The incumbent is responsible for performing the following complex duties requiring the highest degree of independence, confidentiality, creativity, and discretionary judgment.

The ideal candidate will possess the following skills:

  • Undergraduate degree in Business, Finance, Economics, or a closely related field
  • Knowledge of investment principles, practices and markets
  • Strong knowledge of financial instruments
  • Project management experience
  • Strong knowledge of Microsoft Excel
  • Ability to research and implement new strategies and tools
  • Ability to work cross functionally among all CalSTRS asset classes
  • Excellent communication skills to present findings and recommendations effectively
  • Excellent communication, leadership, and influencing skills to effectively collaborate with senior management, clients, and stakeholders
  • Excellent written and verbal communication, attention to detail, and organizational skills
  • Demonstrated ability to analyze complex problems, draw sound conclusions, and make clear and concise recommendations
  • Excellent presentation and facilitation skills

An incumbent who possesses a professional certification as a Chartered Financial Analyst (CFA) or Chartered Asset Allocator (CAA) may receive a 5% monthly base pay differential.

Every 12 months, based on performance evaluation, employees may receive a 5% salary increase until they reach the maximum salary for the position. Indicate the duties and responsibilities assigned to the position and the percentage of time spent on each. Group related tasks under the same percentage with the highest percentage first.

ESSENTIAL FUNCTIONS
Lead the implementation of operational processes to support the activities and projects for Investment Operations, Total Fund initiatives, and branch-wide initiatives. Develop project plans, facilitate the project scope, goals and deliverables, and coordiate across applicable working groups ensuring consistency with the vision and policies. Participate in the implementation and oversight of liquidity management, private asset pacing and asset allocation among various types and classes of investments consistent with policies and procedures. Provide investment and financial expertise to support the functions of Investment Operations.

Research, develop and implement the operational workflow for new investment strategies ensuring collaboration and coordination of these initiatives across key stakeholders, internally and enterprise-wide. Serve as a lead to develop and evaluate a wide variety of risks, processes, new investment vehicles, and controls. Participate in the review and oversight of operational risk, including periodic risk assessments, due dilligence reviews, audit reivews, internal control reviews, and providing feedback to mitigate operational risks. Stay current with market and industry best practices.

Lead the new account opening and maintenance process to support new portfolios between business areas within CalSTRS, the master custodian, external investment managers, and vendors; facilitate the new investment manager operational overview meetings. Partner with the investment teams, external investment managers and vendors to support onboarding functions such as system ID setup, user access and invoice management.
Perform financial research and analysis related to investment strategies and programs. Develop various investment reports, including but not limited to the cash flow anlaysis and total plan cash projection including reviewing and/or reporting on the cash inflows and outflows of the total fund; monitoring investment activity to ensure sufficient liquidity is available for member beneift payments and participating in the Tactical Asset Allocation Committee (TAAC) and Risk Allocation Committee (RAC) discussions.

MARGINAL FUNCTIONS 5%
May participate in departmental special projects and system testing. Provide back-up coverage and support across various Operations’ desks.

COMPETENCIES
Core Competencies. All employees are responsible for understanding and demonstrating CalSTRS’ core competencies:
• Adaptability/Flexibility
• Communication

• Customer/Client Focus
• Teamwork
• Work Standards/Quality Orientation

Classification Competencies. All employees are expected to understand and demonstrate their position’s CalSTRS class competencies:
• Adaptability and Change Participation
• Investment Focus and Component Performance
• Communication, Negotiation and Relationship Development
• Teamwork
• Quality Work Standards and Initiative
• Ethical Decision Making and Risk Management
• Strategic Thinking and Implementation
• Investment Landscape and Organizational Awareness

CONDUCT AND ATTENDANCE EXPECTATIONS
• Communicate effectively with individuals from varied experiences, perspectives and backgrounds
• Deal with individuals in a tactful, congenial, personable manner
• Must maintain consistent and regular attendance
• Adhere to CalSTRS policies and procedures
• Ability to support and model CalSTRS Core Values

WORKING CONDITIONS AND PHYSICAL ABILITIES REQUIRED OF THE JOB
• Prolonged periods of standing or sitting
• Work in a high-rise building, in an open space environment
• Ability to use a computer keyboard several hours a day
• Read from computer screens several hours a day
• Ability to move up to 10 pounds