ASSOCIATE INVESTMENT MANAGER,PUBLIC EMPLOYEES` RETIREMENT SYSTEM

Job Description and Duties

Career Services live Zoom sessions : Join us on Thursday, March 27, 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 26, 2025 by emailing .

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.

Are you experienced in investment operations and how it can support and advance investment strategies?

Do you have advanced vendor and market data management skills and thrive in a fast-paced agile environment?

Do you possess strong leadership qualities and have excellent communication and negotiation skills?

If so, this position could be right for you!

The Investment Operations (IO) team within the Investment Office (INVO) is responsible for middle and back office enabling functions to support and manage the Public Employees' Retirement Fund (PERF) and Affiliate Funds, and drive our CalPERS mission. The Investment Services team is currently seeking an Associate Investment Manager to be dedicated to our Vendor and Market Data Management team. This leader will play a critical role in overseeing and managing relationships with strategic vendors that provide essential services to the CalPERS Investment Office. The Associate Investment Manager ensures the vendors deliver high-quality, cost-efficient services that meet the fund's strategic objections and operational requirements.

Duties include, but are not limited to :

• Managing a team and oversee end-to-end supplier operations and relationships with market data and external vendors in partnership with asset classes and business teams.
• Developing a vendor management program and decision-making framework for team processes and vendor assessments, concentrating on operational efficiencies and mitigation of operational risk.
• Strategic procurement and sourcing, building, and maintaining vendor relationships, and effectively understands services landscape to support investment strategies and operations.

T elework Information : This position is eligible for hybrid work schedule, with up to two days of remote work and three days or more onsite, per week.

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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. 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 to find organizations that provide these services. 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 . California State Civil Service Employee Benefits Summary Benefit Description​ ​Additional Information ​ New Employee Benefits Orientation Page

Summary review of benefits available to you as a new State Civil Service employee. ​ State Civil Service Act

Review the benefits and protections provided to State Civil Service employees through the State Civil Service Act.

Salaries and Civil Service Pay Scales

Information regarding salary ranges for State Civil Service employees, as well as the Civil Service Pay Scales, the official salaries for all state jobs.

Represented Employee Bargaining Contracts

Review the specifics of represented state employee collective bargaining contracts.

Retirement

Learn more about the defined benefit plan that is offered to state employees through the California Public Employees' Retirement System (CalPERS) based on years of service, age and final compensation. CalPERS also offers disability retirement, partial service retirement, and death benefits for eligible employees.

401(k) and 457(b) Plans (Savings Plus)

Offers a voluntary benefit that allows you to contribute to both a 401(k) and a 457(b) plan to enhance your retirement benefit. This allows you to contribute, through payroll deduction, up to twice the amount available to the private sector and most public sector employees. You can contribute on both a pre-tax and an after-tax designated Roth basis that offers you the opportunity to take advantage of tax savings now and in the future.

California State Civil Service Employee Benefits Summary - Specific Benefits ​Specific Benefits ​Additional Information

Cash In Lieu of Health and / or Dental Benefits (Cash Option)

Allows you to receive cash in lieu of state-sponsored health and / or dental benefits insurance if you have other qualifying medical and / or dental coverage through a spouse, domestic partner, parent or other source.

Common Carrier Travel and Accident Insurance – for Excluded Employees Only

Offers employer-paid accidental death and dismemberment insurance to managers, supervisors and other specified employees who travel on state business.

Commute Program

Voluntary benefits that subsidize commuting expenses for eligible employees who commute to and from work using public transportation, vanpools, or bicycles.

Consolidated Benefits (CoBen)

Provides a benefit allowance, rather than specific contribution amounts for health, dental and vision benefits. You may receive additional taxable income each month, depending on the total cost of the benefit plans you choose.

Consolidated Omnibus Budget Reconciliation Act (COBRA)

Continuation of health, dental, and vision insurance coverage as well as medical reimbursement account for employees and eligible dependents who involuntarily lose coverage.

Death Benefits

Benefits available to legal survivors and / or designees of state employees; see "Planning Ahead" handbook.

Planning Ahead Handbook | ​Dental Benefits

Offers you and your dependents preventive, basic and major dental care coverage through one of several dental plans.

Employee Assistance Program

Employer-paid program offers free professional and confidential short-term counseling and referral services to employees and their eligible dependents, as well as valuable information on a variety of topics including financial, legal, and wellness.

California State Civil Service Employee Benefits Summary Benefit Description​ ​Additional Information

Group Legal Services Insurance

Voluntary, employee-paid plan that provides comprehensive legal coverage designed to meet most common personal legal needs. Available to eligible employees and their eligible dependents.

Group Long-Term Disability Insurance – For Excluded Employees Only

Voluntary, employee-paid plan that replaces a portion of the employee's income in the event the employee is unable to work for six months or longer due to a covered illness or injury.

Health Benefits

Offers you and your dependents a broad range of health insurance plans with the state paying a portion of the premium. CalPERS administers this coverage.

CalPERS Health and Wellness

Promotes a work environment that encourages healthy lifestyle choices, decreases the risk of illness and disease and enhances employee effectiveness and well-being.

Long-Term Care Program

Offers coverage through CalPERS for a chronic illness, frailty of old age, or a serious accident. Available to all California public employees, retirees, and their eligible family members.

Part-time, Seasonal, and Temporary Retirement Program

Offers a retirement savings program for part-time, seasonal and temporary employees who are not covered by CalPERS or Social Security.

Reimbursement Accounts

Allows you to set pre-taxed money aside in a reimbursement account to pay for certain kinds of medical and dependent care expenses. You can increase your take home pay and decrease your taxable income.

Third-Party Pre-Tax Parking Reimbursement Account Program

Allows you to deduct a specific pre-tax amount for work-related parking fees from your pay. Available to employees who drive a personal vehicle to work or to a location from which the employee commutes to work and pays for parking.

Vision Benefits

Employer-paid benefit that offers you and your dependents an annual eye examination and an allowance for frames and lenses. An enhanced vision plan is also available which provides higher allowances for certain materials and other benefits.