Job Description

Job Description and Duties

The CalSTRS Investments Branch is seeking an experienced individual to work as an Investment Officer I on the Investment Compliance team.

CalSTRS Investment Performance & Compliance team is comprised of two units: Investment Performance & Analytics and Investment Compliance. Investment Performance & Analytics ensures data accuracy through a robust examination, resulting in comprehensive performance reporting and analytics.  We provide oversight of performance data and cost measurement for Total Fund reporting, attribution analysis, composite construction, investment disclosures and Board presentations for CalSTRS global portfolio. Investment Compliance supports the Investment Branch by providing principles-based recommendations and safeguarding the assets of our members. The primary function is to monitor and implement compliance and ethics activities that enables the Investment Branch to comply with a comprehensive system of policies, processes and procedures designed to prevent, detect and reduce risks which is supported by a culture of integrity.

Under the general direction of the Associate Portfolio Manager, the Investment Officer I performs investment and financial analysis, assists in overseeing the operational complexities in managing the CalSTRS’ Investment Portfolio, and performs a wide range of analytical and technical work to support the critical functions of Investment Compliance.  The incumbent is responsible for performing complex duties requiring independence, confidentiality, creativity and discretionary judgement.

The ideal candidate will possess the following skills:

• Knowledge of various investment transactions, investment accounting and investment life cycle
• Knowledge of due diligence process from a compliance perspective
• Experience working in investment and financial markets
• Experience with portfolio management order systems, master custodian, and Bloomberg
• Experience with broker dealers and investment advisors
• Experience working with regulatory agencies (SEC, Department of Treasury, OFAC, FINRA)
• Experience evaluating operational and compliance risk
• Ability to interpret laws and regulations and prepare reports
• Ability to effectively analyze information to develop and present appropriate and thoughtful recommendations clearly, both orally and in writing, to a wide range of audiences
• Ability to prioritize and ensure deadlines are met
• Ability to leverage technology to streamline and automate manual processes
• Ability to maintain a high degree of diplomacy and tact while interfacing with a wide range of staff and external stakeholders
• Ability to work effectively as an individual and as part of a team to support team, unit, and Investments Branch goals 

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.

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 with staff working on-site at our Headquarters in West Sacramento 2-3 days per week.

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.

This position is not eligible for visa sponsorship. Applicants must be authorized to work in the US without the need for visa sponsorship by the start date of employment with CalSTRS.

Special Requirements

Exam

This position requires a current Investment Officer I, CalSTRS 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) .

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: RPA: 7926, JC-463577
• 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.
• Other - A Cover Letter is required and must be included.

Job Tags

Holiday work, Permanent employment, Full time, Remote job, Flexible hours, 2 days per week, 3 days per week,

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