Equity Portfolio Implementation Manager
Job details
- Location
- Sacramento County, California
- Work type
- Hybrid
- Compensation
- $183,000 - $305,000/yr
- Posted
- 3 weeks ago
- Apply on
- calcareers.ca.gov
About this role
Job Description and Duties
Anticipated Interview Dates: We anticipate holding in-person interviews on an ongoing basis until the position is filled. We look forward to meeting with you!
Our Global Public Equity (GPE) group is currently seeking an Investment Manager (IM) to lead the ongoing evolution and adaptation of the equity portfolio construction platform, management methodologies, day-to-day implementation of various investment strategies, and drive CalPERS' mission.
This role includes but is not limited to:
- Ensure assigned equity portfolio characteristics are aligned with the benchmark/model, including primary responsibility for specific portfolios and coverage responsibility and trade review for other portfolios.
- Contribute to evaluating and delivering effective strategies for investment, in terms of theory and implementation. Oversee and analyze corporate actions, including tender offers, initial public offerings/secondary offerings, and voluntary dividend treatment.
- Drive the GPE Portfolio Construction team's efforts to innovate and improve the technologies, methodologies, and workflows that further the development of an efficient, risk-controlled, and scalable institutional equity management capability.
Sponsorship: CalPERS does not participate in E-verify for employment authorization purposes.
This position will run until filled with cutoff dates for review. The first cutoff date is November 11, 2026 followed by every Wednesday until filled.
How did you hear about this position? Tell us in this brief survey.
You will find additional information about the job in the Duty Statement.
Working Conditions
- Moderate amount of travel.
Minimum Requirements
You will find the Minimum Requirements in the Class Specification.Additional Documents
Position Details
This position is eligible for annual and long-term incentive awards. The annual incentive opportunity is 0-75% 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 0-75% of base salary beginning after five years and when absolute total fund returns meet or exceed board-approved thresholds.
Department Information
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!
To take a look at CalPERS as a destination employer, view this YouTube video.
Special Requirements
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 may 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.
Career Services & Outreach
Need help with your state application, resume, Statement of Qualifications, or interview preparation?
The CalPERS Career Services & Outreach (CSO) team provides comprehensive support throughout the CalPERS hiring process. Our services include one-on-one online consultations for application assistance, Statement of Qualification review, and interview preparation. To schedule an appointment and receive personalized guidance from our team, please use the following link: CalPERS Career Services Consultations.
Application Instructions
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 FilledWho May 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
Address for Mailing Application Packages
You may submit your application and any applicable or required documents to:
Address for Drop-Off Application Packages
You may drop off your application and any applicable or required documents at:
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 www.CalCareers.ca.gov. 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 optional. It may be included, but is not required.
Desirable Qualifications
- Working knowledge of systematic portfolio management methods and techniques, as well as proficiency in the Microsoft application suite, portfolio construction platforms, and order management systems.
- Be flexible in adapting to changes in priorities, assignments, and other interruptions which may impact pre-established timelines and courses of action.
- Current knowledge of risk management and data handling methods.
- Demonstrated ability to develop and maintain collaborative, professional relationships with internal and external partners.
- A comfort and appreciation for operating in a team and consensus drive environment is a key aspect underlying success in the CalPERS environment.
Benefits
Some added benefits CalPERS offers include:
- Alternate Work Schedules
- Flexible Work Hours
- Onsite childcare facility
- Onsite fitness center
- Onsite café and nearby restaurants
- Free onsite parking available Mondays and Fridays, subject to change
- Free offsite parking available with shuttle service Tuesdays, Wednesdays, and Thursdays
Contact Information
The Human Resources Contact is available to answer questions regarding the position or application process.
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
[email protected]
Additional Information
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.
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 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.