APPLY HERE: https://calcareers.ca.gov/CalHrPublic/Jobs/JobPosting.aspx?JobControlId=424091

CalSTRS is Hiring! Are you ready to take your career to the next level?

The Investment Officer II, CalSTRS position is eligible for incentive compensation and has a maximum incentive opportunity of 10% of base salary.

The CalSTRS Investments Branch is seeking an experienced individual to work as an Investment Officer II, CalSTRS on the Investment Strategy and Risk team.

The Investment Strategy & Risk (ISR) team’s primary goal is to improve the risk-adjusted returns of the CalSTRS portfolio through a total fund approach with smart rebalancing, risk management and the inclusion of alternative investments and overlay strategies. Due to CalSTRS being a mature pension fund with negative cash flows, tighter cash management with efficient rebalancing and total fund management are increasingly important to fund performance. The ISR team focuses on the longer-term asset liability management and shorter-term tactical fund positioning with risk budgeting.

Under the general direction of the Associate Portfolio Manager in Investment Strategy & Risk, the Investment Officer II is responsible for quantitative modeling to support the management of the overall CalSTRS fund. The Investment Officer II serves as a quantitative resource to manage total fund risk and liquidity, source ideas for tactical asset allocation, implement strategies to improve the total fund risk-return profile, and manage the strategic asset allocation. The position requires the ability to work independently and collaboratively as part of a diverse, cross-functional team.

The ideal candidate will possess the following skills:

• Undergraduate or advanced degree in statistics, economics, mathematics, and/or similar technical field
• Ability to implement quantitative models spanning optimization, machine learning and simulation
• Proficiency with statistical software packages such as R or Python
• Familiarity with Microsoft Office Suite, particularly Excel & VBA
• Investment experience within a large financial institution, pension fund, endowment or foundation
• Knowledge of investment principles and trends across multi-asset classes, both public and private
• Strong understanding of quantitative research process and methods to produce and interpret information
• Strong interpersonal skills with the ability to communicate effectively with individuals across a broad spectrum of disciplines
• Ability to organize research, summarize and convey complex concepts in a consistent, sensible and approachable manner without loss of technical integrity
• Ability to work effectively as an individual and as part of a team to support team, unit, and Investments Branch goals
• Excellent written and oral communication skills

Duties will be adjusted at the Investment Officer I, CalSTRS level.

An incumbent who possesses a professional certification as a Chartered Financial Analyst (CFA) may receive a 5% monthly base pay differential.

Every 12 months, based on performance evaluation, employees may receive a 5% salary increase until they reach the maximum salary for the position.

Job Type: Full-time

Pay: $90,408.00 - $113,160.00 per year

Benefits:

• Dental insurance
• Employee assistance program
• Health insurance
• Paid time off
• Parental leave
• Professional development assistance
• Retirement plan
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Work Location: Hybrid remote in West Sacramento, CA 95605