Investment Operations Director

Job Description and Duties

Anticipated Interview Dates: We anticipate holding virtual interviews on an ongoing basis until the position is filled. We look forward to meeting with you!

Our Investment Operations (InvOps) team is currently seeking an Investment Director (ID) to provide program leadership for the strategic operating model and day-to-day management of the InvOps Program to support implementation of the Total Portfolio Approach and drive our CalPERS mission.

Duties include, but are not limited to:

• Act as a key collaboration partner in the multiyear data and technology modernization strategic initiative.
• Direct, manage, and lead InvOps through a multiyear transformation agenda to enable Total Portfolio Approach outcomes including modernization of operating models, investment data, technology platforms, governance, and business processes.
• Collaborate with the Chief Operating Investment Officer and Investment Office leadership to design, implement, and continuously evolve a future-state operation model that aligns investment strategy, technology, controls, and operational capabilities to achieve investment outcomes.
• Perform oversight of the end-to-end investment operating model, ensuring the integrity, timeliness, resilience, and continuous improvement of InvOps, including trade lifecycle execution, settlement processing, cash movement activities, portfolio support functions, and operational readiness.

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.

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

This position will run until filled with cutoff dates for review every Sunday until filled.

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You will find additional information about the job in the .

Special Requirements

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:

• Post Graduate educational achievement in the investment, finance, business administration or accounting fields.
• Chartered Financial Analysis (CFA), Certified Public Accountant (CPA), Financial Risk Manager (FRM), or equivalent professional designation.
• Ability to operate in a team and collaborative driven environment is a key aspect underlying success at CalPERS.
• A high degree of initiative, professionalism, confidentiality, and able to work well under pressure in a fast-paced environment.
• Be flexible in adapting to changes in priorities, assignments, and other interruptions which may impact pre-established timelines and courses of action.
• Excellent written and verbal communication, attention to detail, and organizational skills.

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)

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 optional. It may be included, but is not required.