Head of Investment Risk Blog Post

The California State Teachers’ Retirement System (CalSTRS) has $309 billion in AUM and provides retirement, disability and survivor benefits for California’s 965,000 prekindergarten through community college educators and their families. Details below. This position is eligible for incentive compensation and has a maximum incentive opportunity of 125% of base salary. The CalSTRSInvestments Branchis seeking a motivated individual to work asa Portfolio Manageron theTotal Fund Management (TFM), Riskteam. Under the general direction of the Senior Portfolio Manager, TFMthe Head of Investment Risk is responsible for management and oversight of CalSTRS’ total fund risk management. Working with the Senior Investment Director of TFM and other senior members of TFM, the Head of Investment Risk provides leadership for the TFM team. The position is responsible for performing complex duties requiring a high degree of independence and discretionary judgment. The ideal candidate will possess the following skills: Total fund risk management experience with a large asset owner Deep technical expertise in risk management Market knowledge across traditional and alternative asset classes Strong leadership skills Ability to analyze information and data and present viable recommendations Ability to build and maintain effective working relationships with internal and external stakeholders Ability to communicate ideas, thoughts, and facts orally and in writing Ability to conduct oneself in a professional manner under a variety of circumstances Ability to meet deadlines while managing multiple assignments Ability to work independently and in a team environment exercising a high degree of initiative, independence, and good judgment Strong experience and knowledge of technological needs for total fund risk management An incumbent who possesses a professional certification in one of the following designations: Chartered Financial Analyst (CFA), CertifiedCommercial Investment Member (CCIM), Financial Risk Manager (FRM), Certified Investment Management Analyst (CIMA) or CharteredAlternative Investment Analysts (CAIA) may receive a 5% monthly base pay differential. Only one 5% base pay differential is eligibleregardless of the number of certifications. Relocation benefits may be available. Telework Information: CalSTRSoffers a hybrid approach including in-office and remote work solutions with staff working on-site atourHeadquarters in West Sacramento 2 days per week. ESSENTIAL FUNCTIONS Manage a comprehensive risk management program for the total fund. Provide leadership and day-to-day management for the Risk group, including mentoring and guidance for Risk group members. Identify and analyze major drivers of risk and return across different factors and regimes. Monitor and provide recommendations for managing other sources of investment risk, including but not limited to, leverage, counterparty risk, and liquidity risk. Measure and compare the risk/return of investments to each other and the long-term strategic benchmark for tactical decisions. Participate and provide risk management recommendations on internal investment committees. Oversee systems, data, and models in support of total fund risk management, and make recommendations for improvement. Oversee development and execution of timely, high-quality analyses and reporting for total fund risk. Develop risk management reports to monitor and support the senior team in managing investment risk. Identify risk factors in the total fund and existing asset classes and ensure there is a comprehensive reporting of investment risks across the asset classes. Identify and escalate significant risk issues to the Senior Portfolio Manager and Senior Investment Director. Identify opportunities to enhance total fund risk management and provide leadership to implement change. Collaborate and coordinate with investment staff to achieve the goals and objectives of the TFM team. Lead, supervise, and evaluate the work of members of the Risk group. Support professional development of all members of the TFM team. Promote a diverse, collaborative culture within the team and across Investments. Supervises staff and participate in the personnel processes including recruitment, hiring, training and Performance Management, in accordance with CalSTRS practices and State Personnel Board laws, regulations and policies and procedures. This includes but is not limited to: mentoring and developing staff, evaluating the work of staff, providing consistent and ongoing feedback to staff, including the completion of Annual Performance Reviews (APR), Individual Development Plans (IDP) and probationary reports. Contribute to TFM leadership and implementation efforts. Support execution of asset allocation and balance sheet initiatives, including the Asset-Liability Management Study, annual asset allocation planning, pacing, liquidity planning, and Risk Allocation Committee activities. Participate in planning and development across all areas of TFM responsibility. Provide expertise, materials, and participation for internal committees, the Investment Committee, and other meetings as needed. MARGINAL FUNCTIONS Represent CalSTRS at various conferences, advisory boards and committees and other duties consistent with contemplated by the foregoing. COMPETENCIES Core Competencies. All employees are responsible for understanding and demonstrating CalSTRS’ core competencies: • Adaptability/Flexibility • Communication • Customer/Client Focus • Teamwork • Work Standards/Quality Orientation Classification Competencies. All employees are expected to understand and demonstrate their position’s CalSTRS class competencies: • Change Leadership • Decision Making •Developing Others •Empowering Others •Global Perspective •Influencing Others •Initiative •Innovation and Fund Performance Management •Managing Work •Market Knowledge •Organizational Awareness •Results Orientation •Risk Management •Strategic Thinking and Implementation •Team Leadership CONDUCT AND ATTENDANCE EXPECTATIONS •Communicate effectively with individuals from varied experiences, perspectives and backgrounds •Deal with individuals in a tactful, congenial, personable manner •Must maintain consistent and regular attendance •Adhere to CalSTRS policies and procedures •Ability to support and model CalSTRS Core Values For

$25/month

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