Portfolio Manager, Sustainable Investment
Sacramento, CA · Remote
Senior · Full time
Posted 3 months ago
Job Description and Duties
This position is eligible for incentive compensation and has a maximum incentive opportunity of 125% of base salary.
The CalSTRS Investments Branch is seeking an experienced individual to work as a Portfolio Manager on the Sustainable Investment & Stewardship Strategies team.
The Sustainable Investment & Stewardship Strategies (SISS) unit was initially established in 1978 to protect assets through good governance and operational accountability. Today the unit focuses on three primary strategies: managing a portfolio of sustainability-themed investments across public and private markets that are additive to the Total Fund; leading CalSTRS stewardship activities focused on corporate engagement and proxy voting; and supporting strategic relationships with CalSTRS members and partners. The SISS unit also leads multiple efforts across the Investments Branch, including the Net Zero Portfolio Emissions Strategy, which includes reducing financed emissions, increasing investment in low-carbon solutions, and using CalSTRS influence to accelerate the transition to a net zero global economy.
Under the direction of the Senior Portfolio Manager of Sustainable Investment & Stewardship Strategies (SISS), the Portfolio Manager manages and provides a high level of expertise and leadership to the SISS team. This position is responsible for the management of the CalSTRS Stewardship Program and provides critical subject matter expertise on a wide variety of sustainability considerations affecting the investment portfolio, with emphasis on the board’s Stewardship Priorities.
The ideal candidate will possess the following skills:
- Experience leading a diverse and broad range of staff with various skillsets.
- Demonstrated commitment to creating and sustaining a diverse, inclusive and equitable workplace.
- Strong connections within the sustainable investment industry with peers and partners.
- Ability to manage and build new strategic relationships and partnerships.
- Ability to foster diversity and inclusion while empowering a team to achieve professional growth and business objectives.
- Ability to collaborate with CalSTRS senior management to implement Investment Branch strategic initiatives.
- Ability to work cross functionally with other CalSTRS business areas and asset classes.
- Ability to work independently, as well as a member of a team.
- Ability to build and maintain relationships with internal employees and external parties.
- Ability to adapt to changes in priorities, assignments, and other interruptions which may impact pre-established timelines and courses of action.
- Ability to demonstrate a high degree of initiative, professionalism, confidentiality, and ability to work well under pressure in a fast-paced environment.
- Excellent written and verbal communication, attention to detail, and organizational skills.
An 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 Conditions
CalSTRS 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.
Special Requirements
Exam
This position requires a current Portfolio Manager, CalSTRS examination. If you need to take the examination or if your score has expired, click here to gain list eligibility.
Background Investigation
Prior 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 Requirements
This 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).
CalSTRS Personal Trading Program
Investment 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 Investigation
Prior 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 Requirements
This 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 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: 2/4/2024Who May Apply
Individuals who are currently in the classification, eligible for lateral transfer, eligible for reinstatement, have list 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).
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
Complete 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 www.CalCareers.ca.gov. 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 Packages
You may submit your application and any applicable or required documents to:
State Teachers' Retirement System
Attn: Recruitment
P.O. Box 15275, MS 31
Sacramento, CA 95851-0275
Address for Drop-Off Application Packages
You may drop off your application and any applicable or required documents at:
State Teachers' Retirement System
CalSTRS, Attn: Recruitment
100 Waterfront Place
West Sacramento, CA 95605
08:00 AM - 05:00 PM
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 required and must be included.
- Other - A Cover Letter is required and must be included.
Benefits
CalSTRS 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.
© 2023 Pallet Labs Inc. See privacy policy and terms of service
Get started on Pallet
This community is on Pallet — Where creators turn their community into recruiting networks