Associate Portfolio Manager

This position is eligible for incentive compensation and has a maximum incentive opportunity o f 50% o f base salary.The CalSTRS Investments Branch is seeking an experienced individual to work as an Associate Portfolio Manager on the Investment Data Solutions team.Investment Services is comprised of the following business areas in the Investment Branch: Operations, Performance, Compliance, Data Solutions, and Administration. Investment Services' primary function is to provide middle-office operational, performance and compliance support for internal and external portfolio activities, and by partnering with the asset classes to align business services for the successful implementation of investment policies.Under the general direction of the Portfolio Manager of Investment Data Solutions, the Associate Portfolio Manager provides research, oversight, management, and implementation of the investment data and technology functions for the Investment Portfolio. As a key member of the Investment Data Solutions team, the Associate Portfolio Manager will lead the development of critical functions of data engineering, architectural & key application support to drive value for the Investments Branch. The incumbent will be a collaborative technical subject matter expert (SME) that drives innovations and solutions while working closely with investment and technical professionals across the Investments Branch and the enterprise.The ideal candidate will possess the following skills:Knowledge of investment principles and practices, investment types and markets Knowledge of best practice project management principles and methodologies Knowledge of technological concepts and language Knowledge of data management concepts, data quality automation, and data file/stream management Experience in portfolio, quantitative, platform analyses Experience in application development SDLC, testing and oversight Experience in quality assurance and quality control Ability to work cross functionally among all CalSTRS asset classes Ability to successfully work with internal and external clients Strong written and verbal communication skills Ability to take initiative and work independently Excellent interpersonal skills CFA or CAIA certificationAn incumbent who possesses a professional certification in one of the following designations: Chartered Financial Analyst (CFA), Certified Commercial Investment Member (CCIM), Financial Risk Manager (FRM), Certified Investment Management Analyst (CIMA) or Chartered Alternative Investment Analysts (CAIA) may receive a 5% monthly base pay differential. Only one 5% base pay differential is eligible regardless of the number of certifications.Relocation benefits may be available.Does this opportunity seem right for you? If so, see the Application Instructions section below and apply now.You will find additional information about the job in the Duty Statement .Working ConditionsCalSTRS offers a hybrid approach with staff working on-site at our Headquarters in West Sacramento 2-3 days per week.All staff of CalSTRS are employees of the State of California and subject to California employment taxes and withholdings. Upon appointment, staff are required to provide a current California address to CalSTRS Human Resources to be used as a remote work location.This position is not eligible for visa sponsorship. Applicants must be authorized to work in the US without the need for visa sponsorship by the start date of employment with CalSTRS.Minimum Requirements You will find the Minimum Requirements in the Class Specification. ASSOCIATE PORTFOLIO MANAGER Additional Documents Job Application Package Checklist Duty StatementPosition Details Job Code #:JC-453878Position #(s):815-310-4698-068Working Title:Associate Portfolio ManagerClassification:ASSOCIATE PORTFOLIO MANAGER $11,667.00 - $17,500.00# of Positions:1Work Location:Yolo CountyTelework:HybridJob Type:Permanent, Full TimeDepartment InformationCalSTRS: Securing the financial future and sustaining the trust of California's educatorsCalSTRS is the largest educator-only pension fund in the world, providing retirement, disability and survivor benefits to California's more than 1 million public school educators and their families. The Investments Branch manages a portfolio that is broadly diversified into seven asset categories with assets totaling approximately $346.5 billion as of August 31, 2024. In 2023, the CalSTRS Investments Branch was named one of the Best Places to Work in Money Management by the Pensions & Investments magazine for the ninth time since 2013.CalSTRS is committed to setting best practice precedents, implementing innovative diversity and inclusion principles, motivating positive change, and advancing the worlds investment markets. We do this by establishing collaborative relationships across a vast network of investment managers, portfolio companies and industry associations in order to maximize returns and leverage opportunities for positive change.Our two U.S. Green Building LEED Platinum-certified headquarters buildings in West Sacramento, California, feature sustainable construction, abundant natural lighting, an organic garden, sustainable beekeeping and ergonomic functionally designed workspaces. We offer a variety of on-site amenities to our team members, including two full-service cafés, two free fitness centers, a bicycle rental library and a child care center with a covered playground. Team members enjoy walks along the Sacramento River and nearby seasonal farmers markets.In addition to our state-of-the-art amenities, we offer thriving wellness and sustainability programs, an award-winning employee recognition program, and ongoing training, learning and development opportunities. We offer competitive benefits, flexible work hours and hybrid work options. We are committed to creating a workplace where our team members thrive.If you're looking for a rewarding career and are interested in becoming part of a diverse and inclusive workforce where talent, expertise and wellness are valued, we encourage you to find out more about our many career options at CalSTRS.com/about-CalSTRS .Special Requirements ExamThis position requires a current Associate Portfolio Manager examination . If you need to take the examination or if your score has expired, click here to gain list eligibility.CalSTRS Personal Trading ProgramInvestment Branch employees are required to participate in the CalSTRS Personal Trading Program which allows CalSTRS to monitor employees' personal trading transactions in order to reduce risks associated with insider trading, front running, and misusing material non-public information. Upon accepting a position within the Investment Branch, you will be required to disclose your personal broker account information and be required to utilize a personal broker from a designated list as provided by CalSTRS.Background InvestigationPrior to employment with CalSTRS, a background investigation (BI) will be conducted. The BI consists of a Personal History Statement and fingerprinting through the Department of Justice. The BI will check criminal and civil records and, if applicable, verify education and check driving records.CalSTRS Disclosure RequirementsThis position may be subject to disclosure and disqualification requirements concerning economic conflict of interest in government work, including the Conflict of Interest Code that applies to CalSTRS team members and the Political Reform Act , 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) .Application InstructionsCompleted 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: 11/17/2024Who May ApplyIndividuals 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.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 ApplyComplete 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 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:Address for Mailing Application PackagesYou may submit your application and any applicable or required documents to:State Teachers' Retirement SystemN/AAttn: RecruitmentP.O. Box 15275, MS 31Sacramento , CA 95851-0275Address for Drop-Off Application PackagesYou may drop off your application and any applicable or required documents at:State Teachers' Retirement SystemN/ACalSTRS, Attn: Recruitment100 Waterfront PlaceWest Sacramento , CA 9560508:00 AM - 05:00 PMRequired Application Package DocumentsThe 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. Other - A Cover Letter is required and must be included. 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.BenefitsCalSTRS offers a competitive pay schedule and a work-life-balance for all its employees. The State of California provides comprehensive benefits packages determined by the employee's bargaining unit and conditions of employment. Some benefits include: Alternative work schedules Flexible work hours Remote work options Medical benefits, including health, dental and vision insurance Paid holidays and a defined benefit retirement program More than four weeks of vacation/sick leave for leaders More than three weeks of vacation/sick leave for staff Health insurance in retirement Employee Assistance Program Loan forgiveness under the federal Public Service Loan Forgiveness Program For the latest information on the benefits offered by the state of California, explore the Health Benefits Summary provided by CalHR .Contact InformationThe Human Resources Contact is available to answer questions regarding the position or application process.Human Resources Contact:Recruitment(916) 414-4990Please 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:EEO Officer(916) 414-4933California 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 APPLICATION INSTRUCTIONS Electronic applications through your CalCareer account are highly recommended. If you are unable to apply electronically through your CalCareer account, please mail or drop off a hard copy of your application packet. Please provide the following information on your application: RPA: 7759, JC-453878 If education is being used to meet the minimum qualifications, please submit a copy of your transcripts/degree. Training and Development (T&D) assignments may be considered for this position. If you are applying as a T&D, please indicate this in the eligibility section of your application.Candidate may be selected by application packet review only. Multiple positions may be filled from this recruitment. Submission of an incomplete STD 678 may result in disqualification.Equal Opportunity EmployerThe 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.