This position is being re-advertised. Those who have previously applied are still being considered and do not need to reapply.
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 50% of base salary.
The CalSTRS Investments Branch is seeking an experienced individual to work as an Associate Portfolio Manager on the Investment Services team.
Investment Services is comprised of the following divisions within the Investment Branch: Operations, Performance and Analytics, Compliance, Data Solutions, and Business Services. The division provides essential first-level oversight functions across all investment strategies, supporting the entire investment lifecycle through trade and cash management, portfolio reconciliation, and performance analytics. Investment Services safeguards assets through strong controls, while enabling data-driven investment decisions and ensuring alignment with strategic goals and investment policies.
Under the general direction of Portfolio Manager (PM), the Associate Portfolio Manager provides research, review and risk management of the operational, business services, data, performance, governance, and reporting aspects of the investment strategic initiatives, total fund management investment strategies, total fund portfolio construction activities, and Investment Services’ initiatives across all asset types, to ensure implementation, controls, collaboration and coordination across the Investment Services business areas and with the investment divisions.
The ideal candidate will possess the following skills:
- Demonstrated experience evaluating, developing, and implementing complex investment processes, policies, and internal controls across multiple asset classes.
- Strong analytical and research skills, including the ability to assess operational, governance, portfolio construction, risk, and compliance factors affecting total fund management.
- Proven ability to manage and coordinate large, cross-functional projects involving Investment Services, asset classes, enterprise partners, vendors, and external stakeholders.
- Experience supporting strategic planning efforts, including enterprise strategic plans, business plans, investment branch initiatives, and change-management processes.
- Knowledge of portfolio construction concepts such as asset allocation, cash flow pacing, leverage, liquidity, counterparty risk, and performance attribution.
- Ability to interpret and apply the Investment Policy Statement, investment guidelines, governance structures, and regulatory requirements when developing recommendations.
- Demonstrated leadership skills including mentoring, staff development, conducting performance reviews, and effectively managing team resources.
- Strong communication skills, including the ability to prepare clear, persuasive reports and effectively collaborate with senior investment leadership and cross-branch partners.
An incumbent who possesses a professional certification in one of the following designations: Chartered Financial Analyst (CFA), Certified Commercial Investment Member (CCIM), Financial Risk Manager (FRM), Certified Investment Management Analyst (CIMA) or Chartered Alternative Investment Analyst (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 Duty Statement.
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.
