Job Description

Job Description and Duties

Career Services live Zoom sessions : Join us on Thursday, March 27, 2025, from 12:00 to 1:00 p.m. for an opportunity to connect with leaders from our Investment Office (INVO) and learn about exciting job opportunities and the application process.

Please RSVP by Wednesday, March 26, 2025, by emailing [email protected] . Additional INVO job opportunities are linked below. We look forward to seeing you there!

Anticipated Interview Dates: We anticipate holding interviews on an ongoing basis until the position is filled.

This position will run until filled with the following cutoff dates for review: The first cutoff date will be 3/15/25, and then the 1st and 15th of each month until filled.

In addition to completing your online job application, you must provide a Resume for the hiring manager’s review. Applications received without a Resume will not be considered.

Are you experienced in investment operations and how it can support and advance investment strategies?
Do you have advanced post-trade execution operations skills and thrive in a fast-paced agile environment?
Do you possess strong leadership qualities and have excellent communication and negotiation skills?
If so, this position could be right for you!

The Investment Operations (IO) team within the Investment Office (INVO) is responsible for middle and back office enabling functions to support and manage the Public Employees' Retirement Fund (PERF) and Affiliate Funds, and drive our CalPERS mission. The Investment Services team is currently seeking an Associate Investment Manager to be dedicated to the Total Fund Data Management team. This leader will play a critical role in supporting INVO by providing expertise in building an INVO data governance model, data modeling, data aggregation, and analysis. This role requires a meticulous individual with a strong analytical mindset and a deep understanding of data governance. The Associate Investment Manager (AIM) will implement a range of checks and controls to ensure strict oversight of the data consumed and processes to meet the fund's strategic objections and operational requirements.

Duties include, but are not limited to:

• Managing a team and overseeing the day-to-day post-execution trade activity for public fixed-income and equities transactions, associated functions, and related work of the post-trade operations team.
• Daily management of order management systems, trade confirmation tools, custody and accounting reports, market and regulatory issues, broker-dealer operations, custodian operations, bonds, stocks, and tax.
• Support new products, investments, and ideas. Analyze requirements and implementation considerations for the team and surrounding business units.

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.

How did you hear about this position? Tell us in this brief survey .

You will find additional information about the job in the .

Special Requirements

Resume

In addition to completing your online job application, you must provide a Resume for the hiring manager’s review. Applications received without a Resume will not be considered.

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. If you are using education to meet MQs, please include your transcripts with your application package. If you have a degree from outside of the United States, you must submit an evaluation of this degree to determine the US equivalency. If you need an evaluation, you can visit the National Association of Credential Evaluation Services (NACES) website to find organizations that provide these services. 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:

• Experience in asset management or pension fund industry.
• Experience with investment products, tools, and technologies to support trade operations, investment processes, vendor and market data management, data integrity, and data governance. 
• Experience in change management.
• Knowledge of investment strategies, security types, and vendor management practices.
• Flexibility to handle new functionality and learn new skills to support investment strategies or products.
• Ability to interact effectively with senior executives and portfolio managers to evaluate, execute, and implement investment strategies in an operationally efficient manner to mitigate risk.
• Ability to define and oversee operational process improvements as needed either through the implementation of technology tools or automation of manual processes.
• Advanced degree or certification preferable (e.g. CFA, CAIA, MBA, CPA, FIA, Investment Foundations).

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)

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

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 required and must be included.

Job Tags

Permanent employment, Full time, Flexible hours, Monday to Friday,

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