Although the classification title indicates CalSTRS, this position resides with the California Public Employees' Retirement System (CalPERS), and the salary reflected is for the CalPERS position.
CalPERS Investment Office is seeking an experienced individual to fill the position of Private Assets Deputy Chief Investment Officer (DCIO). The DCIO will be a part of the CalPERS Investment Office (INVO) Senior Leadership Team. The ideal candidate will demonstrate CalPERS Core Values and Guiding Behaviors in performing INVO duties under the general direction of the Chief Investment Officer (CIO). The DCIO is responsible for collaborating with the CIO in supporting private asset investment decision making in a risk-aware manner to generate the required absolute rate of return necessary to meet CalPERS pension obligations. The DCIO is accountable for INVO private asset investment strategies including asset allocation to private asset classes.
You will find additional information about the job in the Duty Statement.
Teleworking
At this time CalPERS offers a hybrid approach which includes an office-centered and remote work environment, with team members working on-site at our Sacramento Headquarters 3 days per week, and remotely 2 days per week.
COVID-19
In accordance with current state mandates, CalPERS implemented COVID-19 testing for all unvaccinated/decline to disclose team members working onsite. Any team member seeking exception from COVID-19 testing must provide evidence of full vaccination status. Until further notice, all team members are required to wear face masks onsite regardless of vaccination status. CalPERS will update its requirements as state mandates are updated.
You will find the Minimum Requirements in the Class Specification.
Job Code #:
JC-318091
Position #(s):
275-602-1014-001
Working Title:
CalPERS -Private Assets Deputy Chief Investment Officer
Classification:
DEPUTY CHIEF INVESTMENT OFFICER, CSTRS
$28,325.00 - $47,208.33 P
This position is eligible for annual and long-term incentive awards. The annual incentive opportunity is 0-120% of salary and is based on the level of achievement against several quantitative and qualitative measures. The long-term incentive program provides an additional opportunity of 80-120% of base salary beginning after five years and when absolute total fund returns meet or exceed board-approved thresholds.
# of Positions:
1
Work Location:
Sacramento County
Job Type:
Permanent, Full Time
California Public Employees’ Retirement System (CalPERS) is a global institutional investor and the nation’s largest public pension fund, with assets of approximately $442.03 billion as of July 18, 2022. Headquartered in downtown Sacramento, we are a destination employer with an international reputation for leadership and innovation. At CalPERS, we’re committed to people – the people we serve, our team members, and the larger community around us. CalPERS is situated near the Napa Valley, San Francisco, Lake Tahoe, and other desirable destinations, and we offer competitive benefit packages, compensation, and opportunities for advancement. Our people are deeply committed to our Mission & Vision and their decisions and actions are guided by our Investment Beliefs.
If you are interested in becoming part of a diverse and inclusive workforce where talent, experience, and expertise are valued, CalPERS invites you to apply for this employment opportunity. To find out more about our Diversity, Equity, and Inclusion efforts, visit our website!
Visit our LinkedIn Page to learn more about CalPERS and what it is like to work in the Investment Office. #LI-Hybrid
Recruitment Process
The executive search firm, Dore Partnership, is assisting in the recruitment process for this position. You are welcome to submit your cover letter and resume directly to Dore. Please note contact information below:
Victoria Weber
e-mail: vweber@dorepartnership.com
Phone: 212-542-4067
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. The Classification Specification is located on this Job Posting under "Minimum Requirements."
Please Note: You will 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.
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: Until Filled
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:
Public Employees Retirement System
Attn: JC-318091/ QA
Human Resources Division, Recruitment
P. O. Box 942718
Sacramento, CA 94229-2718
Address for Drop-Off Application Packages
You may drop off your application and any applicable or required documents at:
Public Employees Retirement System
HRSD, EIR JC-318091/ QA
400 Q Street, Lincoln Plaza North
1st floor drop box by security desk
Sacramento, CA 95811
M-F
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:
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.
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:
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:
For more details about employee benefits, visit the California Department of Human Resources website.
The Human Resources Contact is available to answer questions regarding the position or application process.
Human Resources Contact:
Queenie Avis
(916) 795-3065
Queenie.Avis@CalPERS.ca.gov
Please direct requests for Reasonable Accommodations to the interview scheduler at the time the interview is being scheduled. You may direct any additional questions regarding Reasonable Accommodations or Equal Employment Opportunity for this position(s) to the Department's EEO Office.
EEO Contact:
CalPERS EEO
(916) 795-3675
EEO@calpers.ca.gov
California Relay Service: 1-800-735-2929 (TTY), 1-800-735-2922 (Voice) TTY is a Telecommunications Device for the Deaf, and is reachable only from phones equipped with a TTY Device.
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.
The State of California is an equal opportunity employer to all, regardless of age, ancestry, color, disability (mental and physical), exercising the right to family care and medical leave, gender, gender expression, gender identity, genetic information, marital status, medical condition, military or veteran status, national origin, political affiliation, race, religious creed, sex (includes pregnancy, childbirth, breastfeeding and related medical conditions), and sexual orientation.
It is an objective of the State of California to achieve a drug-free work place. Any applicant for state employment will be expected to behave in accordance with this objective because the use of illegal drugs is inconsistent with the law of the State, the rules governing Civil Service, and the special trust placed in public servants.
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