Investment Officer II - Investment Operations
The CalSTRS Investments Branch is seeking an experienced individual to work as an Investment Officer II in the Investment Operations Unit.
Investment Operations’ primary function is to provide middle-office support for internal and external portfolio activities by performing pre-settlement portfolio controls, cash and trade management, cash flow analysis, portfolio and total fund reporting, and by partnering with the asset classes to align operational services for the successful implementation of the Investment Policy and Management Plan.
Under the direction of the Associate Portfolio Manager, the Investment Officer II performs a wide range of analytical and technical work associated with assisting in the implementation of the Investment Policy Management Plan, reducing operational risk, and supports the functions of Investment Operations. The incumbent is expected to perform duties requiring independence, confidentiality, creativity and discretionary judgment.
Responsibilities of the Investment Officer II include:
- Participating in due diligence reviews related to operations and/or master custodian services, audit reviews, internal controls, and collaborating with other teams to ensure compliance with operational functions and mitigate operational risk.
- Implementing the Investment Policy Management Plan, which includes providing oversight on new investment strategies and programs, account modifications and transition management.
- Providing support to the Operations’ project teams, which includes assisting with the tracking, coordinating and implementation of various initiatives.
- Performing financial research and analysis related investment strategies and programs.
- Providing pricing and valuation support to maintain the Pricing Source Authorization and pricing hierarchy for internal and external assets across the Total Plan.
The Investment Officer II is eligible for incentive compensation and has a maximum incentive opportunity of 10% of base salary.
An Investment Officer II who possesses a professional certification as a Chartered Financial Analyst (CFA) may receive a 5% monthly base pay differential.
The ideal candidate will be a motivated self-starter with strong attention to detail, experience performing operational risk analysis in the investment industry.
This position requires a current Investment Officer II, CalSTRS exam. If you need to take the exam 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.
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.
The position may be subject to the disclosure and disqualification requirements concerning economic conflict of interest in government work, pursuant to the CalSTRS Conflict of Interest Code and the Political Reform Act.
This position is not eligible for visa sponsorship. Applicants must be authorized to work in the US without the need for visa sponsorship now or in the future.
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:
- Undergraduate degree in Business, Finance, Economics, or a closely related field
- Knowledge of financial principles and markets
- Strong interpersonal skills
- Strong analytical skills
- Excellent written and oral communication skills
- Ability to independently research and analyze complex issues with strong attention to detail
- Ability to evaluate data and situations, and make sound judgments and conclusions
- Ability to work effectively as an individual and as part of a team to support team, unit, and Investments Branch goals
- Ability to maintain a high degree of diplomacy and tact while interfacing with a wide range of staff and external stakeholders
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 Public Service Loan Forgiveness Program
For the latest information on the benefits offered by the state of California, explore the Health Benefits Summary provided by CalHR.
Investment Officer II - Investment Operations
||California State Teachers' Retirement System
||West Sacramento, CA
||$6,826.00 - $8,543.00 per Month
|Posting Start Date:
Applicants requiring reasonable accommodations for the hiring interview process must request the necessary accommodations if scheduled for a hiring interview. The request should be made at the time of contact to schedule the interview. Questions regarding reasonable accommodations may be directed to the EEO contact listed on this job posting.
Completed applications and all required documents must be received or postmarked by the Final Filing Date in order to be considered. Dates printed on Mobile Bar Codes, such as the Quick Response (QR) Codes available at the USPS, are not considered Postmark dates for the purpose of determining timely filing of an application.
Final Filing Date: 6/17/2021
Who May Apply
Individuals who are currently in the classification, eligible for lateral transfer, eligible for reinstatement, have list eligibility, are in the process of obtaining list eligibility, or have SROA and/or Surplus eligibility (please attach your letter, if available). SROA and Surplus candidates are given priority; therefore, individuals with other eligibility may be considered in the event no SROA or Surplus candidates apply.
Applications will be screened and only the most qualified applicants will be selected to move forward in the selection process. Applicants must meet the Minimum Qualifications stated in the Classification Specification(s).
How To Apply
Complete Application Packages (including your Examination/Employment Application (STD 678) and applicable or required documents) must be submitted to apply for this Job Posting. Application Packages may be submitted electronically through your CalCareer Account at www.CalCareers.ca.gov. When submitting your application in hard copy, a completed copy of the Application Package listing must be included. If you choose to not apply electronically, a hard copy application package may be submitted through an alternative method listed below:
Address for Mailing Application Packages
You may submit your application and any applicable or required documents to:
State Teachers' Retirement System
P.O. Box 15275, MS 31
Sacramento, CA 95851-0275
Address for Drop-Off Application Packages
You may drop off your application and any applicable or required documents at:
State Teachers' Retirement System
CalSTRS, Attn: Recruitment
100 Waterfront Place
West Sacramento, CA 95605
08:00 AM - 05:00 PM
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 www.CalCareers.ca.gov. 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.
- 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: RPA 5087, JC-254386
- 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.
||This listing expires on: 6/18/2021