What are the responsibilities and job description for the INVESTMENT MANAGER, PUBLIC EMPLOYEES' RETIREMENT SYSTEM position at Public Employees Retirement System?
The hiring manager is requesting the completion of a Supplemental Questionnaire along with your online job application.
Our Global Fixed Income (GFI) unit is currently seeking an Investment Manager (IM) to perform emerging markets sovereign credit research, provide investment recommendations, and drive our CalPERS mission.
Duties include but are not limited to:
- Analyze country and regional economic and investment conditions/trends and the relevant benchmarks to formulate portfolio investment decisions.
- Assist in managing the day-to-day portfolio construction of the internally managed Emerging Markets (EM) dollar-denominated sovereign portfolio. Management of day-to-day responsibilities will include in-depth portfolio performance attribution as well as closely monitoring risk positions, benchmark rules, inclusions/exclusions criteria, and turnover to rebalance the portfolio.
- Develop collaborative and constructive relationships with CalPERS' external EM debt managers to help CalPERS' team members in their EM debt management efforts.
- Assess emerging markets economic and political developments to provide CalPERS fixed income/other asset classes with insights on potential investment opportunities; conduct country visits, as needed and when appropriate, and attend EM debt-related conferences.
Anticipated Interview Dates: We anticipate holding interviews beginning the week of April 1, 2025.
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.
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.
Minimum Requirements
You will find the Minimum Requirements in the Class Specification.- INVESTMENT MANAGER, PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Additional Documents
- Job Application Package Checklist
- Duty Statement
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 50% of the 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
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 CalHR’s CalCareers website.
Application Instructions
Completed applications and all required documents must be received or postmarked by the Final Filing Date in order to be considered. 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: 3/6/2025Who 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.
- Other - In addition to completing your online job application, you must complete a Supplemental Questionnaire for the hiring manager's review. Applications received without completing the Supplemental Questionnaire may not be considered.
Desirable Qualifications
- Five plus years of experience managing Emerging Markets debt portfolios and/or analyzing Emerging Markets sovereign debt or related debt instruments.
- Possession of an advanced degree, such as an MBA or MA, or certifications, such as CFA, CPA, CAIA, or other equivalent financial or accounting certification.
- Experience with Microsoft applications such as Excel, Word, Outlook, PowerPoint, and PowerBI.
- Proficiency using Bloomberg and BlackRock Aladdin.
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 a shuttle service on Tuesdays, Wednesdays, and Thursday
Contact Information
The Human Resources Contact is available to answer questions regarding the position or application process.
Human Resources Contact:
CalPERS Careers
(916) 795-3065
Careers@calpers.ca.gov
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
EEO@calpers.ca.gov
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.
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.
Salary : $15,250 - $25,417
