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Type of Role: InvestmentsOperations

Experience Level: Analyst/Associate

Location: Sacramento, California

Salary: $90K - $113K

California Public Employees’ Retirement System (CalPERS) is a global institutional investor and the nation’s largest public pension fund, with assets of approximately $455.03 billion as of June 2, 2023. Headquartered in downtown Sacramento, we are a destination employer with an international reputation for leadership and innovation.

Under the direction of the Associate Investment Manager (AIM), Investment Officer II is the full working level primarily responsible for processing day-to-day trade confirmation, settlement, and reporting. The Investment Officer II 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.

Essential Functions

45% Onsite and virtually, coordinate and monitor the affirmation and settlement process of internally traded derivative investment transactions. Independently monitor trade order management systems and matching

utilities for new trade transactions and analyze priority and complexity of each trade. Evaluate trades for accuracy and completeness. Affirm trade details and confirm settlement instructions with broker/dealers on

trade date. Communicate trade details and settlement instructions to the custodian bank. Monitor the settlement of trade transactions via Custodial Bank systems and staff. Research and resolve any trade

settlement problems with the custodian and/or broker/dealers prior to settlement date. Monitor Microsoft Outlook for open trades and failed trades notifications from the custodian. Input and monitor failed trades via

a fail tracking system until settlement occurs. Report custodian trade processing service level agreement breaches to the INVO Custody Management team. Establish and maintain satisfactory working relationships

with front office staff, broker/dealers, and custodian bank representatives.

40% Onsite and virtually, coordinate and maintain the derivative collateral management process. Develop an understanding of funding protocols and structural design of funds to ensure they are identified accurately.

Verify Futures Commission Merchant (FCM) initial margin calculations are accurate and satisfy collateral calls. Calculate and confirm counterparty exposure and instruct collateral pledges and receipts. Update

collateral procedures as needed.

 

15% Onsite and virtually, research and develop back-office functions for special projects or new internal trade programs which have been or will be presented to the board for approval. Act as part of project

implementation team. Attend information gathering meetings. Identify and develop new and/or alternative back-office solutions.

 

Working Conditions

  • This position is designated office centered and works primarily onsite, Sacramento, CA Headquarters, at least but not limited to three weekdays.
  • Team environment with open, transparent communication with multiple daily responsibilities
  • Office-centered and remote setting with normal business hours

Conduct, Attendance and Performance Expectations

  • Ability to maintain consistent attendance.
  • Ability to demonstrate punctuality, initiative, and dependability.
  • Ability to model and support CalPERS Core Values (Integrity, Accountability, Respect, Openness, Quality and Balance)
  • Ability to model CalPERS Competencies and demonstrate proficiency in; Collaboration, Leading People, Leading Change, Driving Results, Business Acumen, Communication, and Leading Self