SENIOR INVESTMENT DIRECTOR

State Teachers' Retirement System; California; Hybrid; USD 266,000 - 318,000; Full time

Benefits offered by this job

Remote work options

Medical benefits (health, dental, and视

Paid holidays

Vacation leave

Job summary

State Teachers' Retirement System seeks a Senior Investment Director, Public Markets to lead the Public Markets portfolio, directing global equities, fixed income, and risk management efforts in the CalSTRS Investments Branch. You will influence investment decisions, policies, and strategic direction at the highest level.

You will work in a hybrid telework environment, oversee teams, and drive performance while ensuring compliance with pension fund objectives and external governance expectations.

Qualifications

• Demonstrated depth in public markets investments including equities and bonds.
• Experience leading senior investment teams and mentoring staff.
• Ability to develop and execute sophisticated investment strategies.
• Experience guiding investment policy and program delivery.
• Proven senior-level leadership across internal and external portfolios.

Responsibilities

• Oversee Public Markets asset class directors and portfolios.
• Advise on tactical and strategic investment decisions and policy.
• Ensure alignment with Investment Policy and Management Plan.

Skills

Global equities

Fixed income

Senior leadership

Strategic planning

Policy guidance

Portfolio risk management

Job description

Job Title: Senior Investment Director, Public Markets

State Teachers' Retirement System

Classification and Compensation

Salary: $26,167.00 - $38,834.00 per Month. New to State candidates will be hired into the minimum salary of the classification or minimum of alternate range when applicable.

Contract: Permanent, Full Time

Work Location: Hybrid telework.

Organization

The CalSTRS Investments Branch is the investment portfolio for the nation’s second largest public pension fund, providing retirement, disability, and survivor benefits to California’s more than 949,000 K-12 teachers, plus community college educators and their families. The Portfolio is broadly diversified into seven asset categories with assets totaling approximately $417.7 billion. In 2022, the Branch was named in Pensions & Investments magazine’s “Best Places to Work in Money Management” list for the eighth time since 2013.

Responsibilities

Under the direction of the Deputy Chief Investment Officer (DCIO), the Senior Investment Director, Public Markets serves as the senior leader over the Public Markets Asset Class Directors (Global Equity, Fixed Income and Risk Mitigating Strategies). The incumbent oversees the management of internal and external investment portfolios and the execution of investment committee policies and the Investment Policy and Management Plan. The incumbent makes investment decisions that have a significant impact on the fund, makes tactical and strategic investment recommendations, and advises the DCIO on a variety of sophisticated investment portfolio management strategies and decisions.

Ideal Candidate Skills

• Demonstrated depth and breadth of public markets investment expertise, including significant experience with global equities and fixed income.
• Proven experience leading, developing, and retaining high‑performance investment teams, including mentoring senior investment professionals, supporting succession planning, and fostering an inclusive and collaborative work environment.
• Demonstrated ability to develop and execute sophisticated investment strategies and organizational initiatives including strategic planning, asset allocation, portfolio construction, and risk management.
• Experience executing, adhering to and providing guidance on investment policies.
• Extensive senior‑level investment leadership experience managing internal and external investment portfolios.
• Experience developing and implementing strategic goals and objectives, business plans, budgetary planning, and investment policies, including providing guidance on policy execution and ensuring consistency across investment programs.
• Experience developing and implementing strategic goals and objectives, business plans, budgetary planning, and investment policies, including providing guidance on policy execution and ensuring consistency across investment programs.

Additional Professional Credentials

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.

Benefits

• 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

Special Requirements

Exam: This position requires a current Senior Investment Director 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).

Incompatible Activities: This position is subject to the provisions of Government Code Section 19990. Upon accepting a position at CalSTRS, you will also be required to comply with the CalSTRS Incompatible Activities Policy by ensuring that outside work or activities are compatible and align with your professional activities or workplace obligations.

Equal Opportunity Employer

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 workplace. 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.

Human Resources Contact

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