Job Description

Job Description and Duties

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 [email protected] .

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 Officer III position could be right for you!

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

Duties include but are not limited to:

• Provide support to draft, negotiate, edit, and maintain trading agreements as necessary to execute with CalPERS external counterparties and investment managers.
• Provide subject matter expertise on trade and other vendor contracts as requested.
• Support the maintenance of 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.

How did you hear about this position? Tell us in this brief survey .

You will find additional information about the job in the .

Special Requirements

Resume

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.

Minimum Qualifications

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 .

Desirable Qualifications

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:

• Experience in asset management or pension fund industry
• Works well under pressure in a fast-paced environment
• Advanced degree (JD preferred)
• Experience in negotiating and maintaining trade agreement documents (i.e. ISDA, MSFTA, MRA, Securities Lending Agreement, CSA, FCA, PBA, Investment Manager Agreement, and Limited Partnership Agreements, etc.)
• Experience in change management
• Knowledge of investment strategies and security types and vendor management practices
• Ability to interact effectively with senior executives and portfolio managers to evaluate, execute, and implement investment strategies in an operationally efficient manner to mitigate risk
• Professional Certification (e.g. CFA, CAIA)

Benefits

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.

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

For more details about employee benefits, visit the California Department of Human Resources website.

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)

Sponsorship
This position is not eligible for visa sponsorship. Applicants must be authorized to work in the US without the need for a visa sponsorship now or in the future.

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.

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 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 required and must be included.

Job Tags

Permanent employment, Full time, Flexible hours, Monday to Friday,

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