Portfolio Manager

Job Description and Duties

The starting salary for this position will be set competitively and commensurate with the candidate’s qualifications and experience.This position is eligible for incentive compensation and has a maximum incentive opportunity of 125% of base salary.

The CalSTRS Investments Branch is seeking an experienced individual to work as a Portfolio Manager (PM) on the Global Equity team.

Global Equity is the largest asset class by market value in the total fund and is dedicated to maximizing risk-adjusted returns. The Global Equity team manages more than 80% of portfolios assets in index-oriented strategies across U.S., developed non-U.S. and emerging markets. The remainder of the portfolio is invested with external investment managers in active equity strategies. The overall portfolio is diversified across market capitalization, style, region, and investment strategy.

Under the general direction of the Senior Portfolio Manager, the Portfolio Manager is responsible for managing internally managed global equity portfolios in accordance with approved Policies, Procedures, and Guidelines. This is a high-level management position in Global Equity and as such requires an individual with excellent analytical and communication skills as well as a proven track record of performing at a high level and managing and developing junior level staff of varying experiences.

The ideal candidate will possess the following skills :

• Demonstrated expertise in managing and developing global equity portfolios, including designing and implementing investment strategies aligned with organizational objectives.
• Strong analytical skills, with proven ability to analyze portfolio performance, conduct performance attribution, and evaluate risk-adjusted returns relative to benchmarks.
• Extensive experience in executing and analyzing equity and derivative trades, including the ability to monitor market and economic conditions and devise effective trading strategies to minimize transaction costs.
• Exceptional leadership abilities, with a track record of recruiting, mentoring, and developing staff at varying levels of experience, as well as managing performance and professional development processes.
• Experience contributing to program-wide strategy development, including recommending and implementing program adjustments and preparing business plans and reports for senior management and board-level review.
• Established network within the global equity industry, with the ability to build and maintain professional relationships and represent the organization at industry events, conferences, and advisory boards.
• Excellent communication skills, both written and verbal, with the ability to prepare clear, comprehensive reports and present complex investment concepts to diverse audiences.
• Proven ability to participate in and lead special projects that support the broader objectives of the investment branch and global equity unit.

An incumbent who possesses a professional certification in one of the following designations: Chartered Financial Analyst (CFA), CertifiedCommercial Investment Member (CCIM), Financial Risk Manager (FRM), Certified Investment Management Analyst (CIMA) or CharteredAlternative Investment Analysts (CAIA) may receive a 5% monthly base pay differential. Only one 5% base pay differential is eligible regardless of the number of certifications.

Relocation benefits may be available.

Does this opportunity seem right for you? If so, see the Application Instructions section below and apply now.

You will find additional information about the job in the .

Working Conditions

CalSTRS offers a hybrid approach including in-office and remote work solutions based on business needs.

All staff of CalSTRS are employees of the State of California and subject to California employment taxes and withholdings. Upon appointment, staff are required to provide a current California address to CalSTRS Human Resources to be used as a remote work location.

Special Requirements

Exam

This position requires a current Portfolio Manager examination . If you need to take the examination or if your score has expired, click here to gain list eligibility.

CalSTRS Personal Trading Program

Investment Branch employees are required to participate in the CalSTRS Personal Trading Program which allows CalSTRS to monitor employees’ personal trading transactions in order to reduce risks associated with insider trading, front running, and misusing material non-public information. Upon accepting a position within the Investment Branch, you will be required to disclose your personal broker account information and be required to utilize a personal broker from a designated list as provided by CalSTRS.

Background Investigation

Prior to employment with CalSTRS, a background investigation (BI) will be conducted. The BI consists of a Personal History Statement and fingerprinting through the Department of Justice. The BI will check criminal and civil records and, if applicable, verify education and check driving records.

CalSTRS Disclosure Requirements

This position may be subject to disclosure and disqualification requirements concerning economic conflict of interest in government work, including the Conflict of Interest Code that applies to CalSTRS team members and the Political Reform Act , 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) .

Incompatible Activities

This position is subject to the provisions of Government Code Section 19990 . Upon accepting a position at CalSTRS, you will also be required to comply with the CalSTRS Incompatible Activities Policy by ensuring that outside work or activities are compatible and align with your professional activities or workplace obligations.

Benefits

CalSTRS offers a competitive pay schedule and a work-life-balance for all its employees. The State of California provides comprehensive benefits packages determined by the employee’s bargaining unit and conditions of employment. Some benefits include:

• Alternative work schedules
• Flexible work hours
• Remote work options
• Medical benefits, including health, dental and vision insurance
• Paid holidays and a defined benefit retirement program
• More than four weeks of vacation/sick leave for leaders
• More than three weeks of vacation/sick leave for staff
• Health insurance in retirement
• Employee Assistance Program
• Loan forgiveness under the federal

For the latest information on the benefits offered by the state of California, explore the Health Benefits Summary provided by CalHR .

ADDITIONAL APPLICATION INSTRUCTIONS

• Electronic applications through your CalCareer account are highly recommended. If you are unable to apply electronically through your CalCareer account, please mail or drop off a hard copy of your application packet. Please provide the following information on your application: PN: 815-310-4697-042, RPA: 0598, JC-516275.
• If education is being used to meet the minimum qualifications, please submit a copy of your transcripts/degree.
• Training and Development (T&D) assignments may be considered for this position. If you are applying as a T&D, please indicate this in the eligibility section of your application.
  
• Candidate may be selected by application packet review only.
• Multiple positions may be filled from this recruitment.
• Submission of an incomplete STD 678 may result in disqualification.

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.