<p>Job Description and Duties</p> <p>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.</p> <p>Anticipated Interview Dates: We anticipate holding virtual interviews on an ongoing basis until the position is filled.</p> <p>This position will run until filled with cutoff dates for review on the last day of each month until filled, with the first cutoff date being 5/31.</p> <p>CalPERS Investment Office manages over $530 billion in assets on behalf of more than 2 million members, making CalPERS the largest defined-benefit public pension in the United States and one of the largest global public and private asset owners in the world.</p> <p>CalPERS culture exemplifies its Core Values of Quality, Respect, Accountability, Integrity, Openness, and Balance. CalPERS team members are its most important asset and people come to work at CalPERS to ignite their purpose and pursue investment career aspirations. If you have a growth mindset and thrive in a fast paced, challenging and rewarding environment where diversity in perspective and experience is valued, then CalPERS may be the organization for you.</p> <p>CalPERS Investment Office is seeking a Deputy Chief Investment Officer (DCIO), Capital Markets to oversee public market asset investment decision making and management including the total portfolio's allocation in global public equities, global fixed income, portfolio diversification strategies, as well as several affiliate funds. Leadership of the Capital Markets business, including operational, personnel, and cultural components, is another critical area of focus to create an environment where team members can do their best work. Reporting to the Chief Investment Officer (CIO), the DCIO will provide thought leadership, identify emerging trends, develop forward-thinking investment approaches, ensure a strong governance and organizational culture exists for investment decision making, ensure alignment with CalPERS long-term strategic objectives, and coordinate inclusion of public market asset class research, analysis, and information into Total Fund investment decision making and drive our CalPERS mission.</p> <p>Telework Information: This position is eligible for a hybrid work schedule, with up to two days of remote work and three days or more onsite, per week.</p> <p>How did you hear about this position? Tell us in this brief survey.</p> <p>You will find additional information about the job in the Duty Statement.</p> <p>Minimum Requirements</p> <p>You will find the Minimum Requirements in the Class Specification.</p> <ul> <li>DEPUTY CHIEF INVESTMENT OFFICER, CSTRS </li></ul> <p>Additional Documents</p> <ul> <li>Job Application Package Checklist </li><li>Duty Statement </li></ul> <p>Position Details</p> <p>Job Code #:</p> <p>JC-477675</p> <p>Position #(s):</p> <p>275-601-1014-001</p> <p>Working Title:</p> <p>Deputy Chief Investment Officer, Capital Markets</p> <p>Classification:</p> <p>DEPUTY CHIEF INVESTMENT OFFICER, CSTRS</p> <p>$28,325.00 - $47,208.33</p> <p>This position is eligible for annual and long-term incentive awards. The annual incentive opportunity is 0-180% 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 0-180% of base salary beginning after five years and when absolute total fund returns meet or exceed board-approved thresholds.</p> <p># of Positions:</p> <p>1</p> <p>Work Location:</p> <p>Sacramento County</p> <p>Telework:</p> <p>Hybrid</p> <p>Job Type:</p> <p>Permanent, Full Time</p> <p>Department Information</p> <p>California Public Employees' Retirement System (CalPERS) is a global institutional investor and the nation's largest public pension fund, with assets of approximately $537.70 billion as of March 13, 2025. 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.</p> <p>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!</p> <p>To take a look at CalPERS as a destination employer, view this YouTube video.</p> <p>Special Requirements</p> <p>Minimum Qualifications</p> <p>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. If you are using education to meet MQs, please include your transcripts with your application package. If you have a degree from outside of the United States, you must submit an evaluation of this degree to determine the US equivalency. If you need an evaluation, you can visit the National Association of Credential Evaluation Services (NACES) website to find organizations that provide these services. The Classification Specification is located on this Job Posting under "Minimum Requirements."</p> <p>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.</p> <p>Application Instructions</p> <p>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.</p> <p>Final Filing Date: Until Filled</p> <p>Who May Apply</p> <p>Individuals who are currently in the classification, eligible for lateral transfer, eligible for reinstatement, have list or LEAP 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.</p> <p>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).</p> <p>How To Apply</p> <p>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:</p> <p>Address for Mailing Application Packages</p> <p>You may submit your application and any applicable or required documents to:</p> <p>Public Employees Retirement System</p> <p>Postal</p> <p>Attn: JC-477675/KC</p> <p>Human Resources Division, Recruitment</p> <p>P. O. Box 942718</p> <p>Sacramento, CA 94229-2718</p> <p>Address for Drop-Off Application Packages</p> <p>You may drop off your application and any applicable or required documents at:</p> <p>Public Employees Retirement System</p> <p>Drop-Off</p> <p>HRSD, EIR JC-477675/KC</p> <p>400 Q Street, Lincoln Plaza North</p> <p>1st floor drop box by security desk</p> <p>Sacramento, CA 95811</p> <p>08:00 AM - 05:00 PM</p> <p>Required Application Package Documents</p> <p>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:</p> <ul> <li>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. </li><li>Resume is optional. It may be included, but is not required. </li></ul> <p>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.</p> <p>Desirable Qualifications</p> <p>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:</p> <ul> <li>Acts in a professional manner and demonstrates a high degree of integrity, honesty, and ethical behavior </li><li>Demonstrates openness and trust </li><li>Establishes and builds rapport by modeling values-based behaviors </li><li>Exhibits strong interpersonal and mentoring skills </li><li>Promotes teamwork and cross-functional collaboration and communication in support of CalPERS strategic goals </li><li>Promotes a high-performance culture where employees are encouraged and enabled to perform to their greatest potential </li></ul> <p>Benefits</p> <p>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.</p> <p>Some added benefits CalPERS offers include:</p> <ul> <li>Alternate Work Schedules </li><li>Flexible Work Hours </li><li>Onsite childcare facility </li><li>Onsite fitness center </li><li>Onsite café and nearby restaurants </li><li>Free onsite parking available Mondays and Fridays, subject to change </li><li>Free offsite parking available with shuttle service Tuesdays, Wednesdays, and Thursdays </li></ul> <p>For more details about employee benefits, visit the California Department of Human Resources website.</p> <p>Contact Information</p> <p>The Human Resources Contact is available to answer questions regarding the position or application process.</p> <p>Human Resources Contact:</p> <p>CalPERS Careers</p> <p>(916) 795-3065</p> <p>careers@calpers.ca.gov</p> <p>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.</p> <p>EEO Contact:</p> <p>CalPERS EEO</p> <p>(916) 795-3675</p> <p>EEO@calpers.ca.gov</p> <p>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.</p> <p>Additional Information</p> <p>Live Scan</p> <p>Candidates not currently employed at CalPERS are required to submit to a criminal history review process utilizing Live Scan fingerprinting.</p> <p>CalPERS Disclosure Requirements</p> <p>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)</p> <p>Background Investigation</p> <p>In addition to Live Scan, this position requires additional background screening prior to employment.</p> <p>Surety Bond</p> <p>Must be able to qualify for a Surety Bond.</p> <p>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.</p> <p>Equal Opportunity Employer</p> <p>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.</p> <p>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.</p>