Trade Agreements Manager, Investment Operations

California Public Employees’ Retirement System (CalPERS) is a global institutional investor and the nation’s largest public pension fund, with assets of approximately $531.27 billion as of February 27, 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.

Career Services live Zoom sessions: Join us on Thursday, March 6, 2025, from 12:00 to 1:00 p.m. for an opportunity to connect with leaders from our Investment Office (INVO) and learn about exciting job opportunities and the application process.

Please RSVP by Wednesday, March 5, 2025 by emailing HRSD_Career_Services@calpers.ca.gov.

Additional INVO job opportunities are linked below. We look forward to seeing you there!

Anticipated Interview Dates: We anticipate holding interviews on an ongoing basis until filled.

This position will run until filled with the following cutoff dates for review: The first cutoff date will be 3/15/25, and then the 1st and 15th of each month until filled.

In addition to completing your online job application, you must provide a Resume for the hiring manager’s review. Applications received without a Resume will not be considered.

Do you have a passion for trade operations and negotiating trading agreements?
Do you find the complexities and dynamics of investing fascinating?
Are you seeking an opportunity to drive change in a mission-oriented organization?
If so, this Investment Manager position could be right for you!

Our CalPERS Investment Office (INVO) is currently seeking an experienced individual to fill the position of Investment Manager (IM) within our Investment Operations (IO) team to negotiate agreements, terms, and conditions which govern CalPERS trading relationships with counterparties and external managers.

Duties include, but are not limited to:

• Draft, negotiate, edit, and maintain trading agreements as necessary to execute with CalPERS external counterparties and investment managers.
• Provide subject matter expertise on other vendor contracts as requested.
• Maintain global compliance with all regulatory mandates subject to agreement and documentation with all counterparties/managers.
• Research and stay abreast of all evolving regulatory requirements which may impact CalPERS relationships, terms of agreement, or collateral schedules.
• Implement a regulatory requirement framework, amend legal agreements, and credit support annexes as required to maintain compliance.

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.

Job Type: Full-time

Pay: $15,250.00 - $25,416.67 per month

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off
• Retirement plan
• Vision insurance

Schedule:

• Monday to Friday

Work Location: Hybrid remote in Sacramento, CA 95811

Salary : $15,250 - $25,417