Investment Officer I/II – CalPERS Investment Servicing Division Job #8363/JH recruitment
Final filing date: 6/25/2012
As the nation’s largest public pension fund with investments that span both the domestic and international markets managing assets of $226.2 billion as of June 7, 2012, the California Public Employees’ Retirement System’s success is achieved by a work environment and culture that believes in “doing it right” the first time, incorporating our values of quality, respect, integrity, openness, communication, balance, and accountability. We’re looking for talented, enthusiastic people who share these same values.
CalPERS seeks an Investment Officer I/II (IO I/II) to work under the supervision of the Senior Portfolio Manager, Investment Servicing Division. The IO I/II assigned to the position identified above demonstrates the CalPERS Core Values (Quality, Respect, Integrity, Openness, Accountability, and Balance), works well as a member of a team, and takes initiative in effectively performing the following functions:
Duties include but are not limited to:
• Serve as Custodial Relationship Liaison by assisting the SPM with oversight of the relationship with State Street Bank. The relationship covers custody, fund accounting, total fund performance, middle office services, hedge fund administration and private equity accounting
• Identify and address any issues or requests, make recommendations to SPM and COIO, and coordinate resolution of issues with vendor
• Assist SPM in the management of the associated contracts to ensure the investment assets of CalPERS are safely and accurately maintained
• Track and resolve issues or problems among investment staff, brokers, consultants, investment accounting staff and the vendor
• Facilitate monthly relationship meeting with master custodian representatives to maintain consistent communication lines
• Coordinate responses between CalPERS Investment Office and vendor, and maintains correspondence between CalPERS, vendor and other associated relationships
• Oversee the adherence to contract service level agreements (SLAs) and key performance indicators (KPIs) and confirm incentive fee calculations are accurate
• Assist SPM in negotiating and maintaining all side and third-party agreements
• Prepare agenda items to the Investment Committee
• Analyze market requirements and prepare documentation to satisfy requirements for trading in foreign markets
Minimum Requirements and Experience:
• Equivalent to graduation from college preferably with major work in business administration, economics, finance, mathematics, or a closely related field
• Three years of increasingly responsible investment analysis experience for a public agency or private financial institution, insurance company, pension fund, endowment fund, investment firm, real estate development and investment firm, or other private corporation or entity having a major investment management program
Desirable Qualifications:
• MBA or possession of an advanced degree in finance or another applicable technical field
• Professional certification such as a CPA, CFA, MFE, ASA/FSA
• Strong analytical skills with keen attention to details
• Excellent written and oral communication skills
• Ability to work independently and under short time constraints
• Microsoft Office experience; Word, Outlook, PowerPoint and Excel
For details on this job opening and to view the Duty Statement, please copy the following link into your browser:
http://jobs.spb.ca.gov/wvpos/more_info.cfm?recno=487310
http://jobs.spb.ca.gov/wvpos/more_info.cfm?recno=487312
Information on CalPERS and how to apply can be found at this link:
http://www.calpers.ca.gov/careers
PLEASE WRITE JOB #8363/JH IN THE JOB TITLE SECTION OF YOUR STATE APPLICATION (STD 678).
Resumes received without a State Application (STD 678) will not be considered.
Submit a State Application (STD 678) and Resume to:
Human Resource Division – JOB#8363/JH
400 Q Street, LPN Room 3260
Sacramento, CA 95811
(916) 795-3065
Investment_Recruitment@calpers.ca.gov