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Associate Portfolio Manager, Sustainable Investments

Website CalSTRS

Pension Fund

This position is eligible for incentive compensation and has a maximum incentive opportunity of 50% of base salary.

The CalSTRS Investments Branch is seeking an experienced individual to work as an Associate Portfolio Manager in the Sustainable Investment & Stewardship Strategies unit.

The Sustainable Investment & Stewardship Strategies unit was established in 1978 to protect assets through good governance and operational accountability. The unit focuses on three primary strategies: sustainability-themed investment strategies across public and private markets; stewardship activities focused on public policy, corporate engagement, and proxy voting; and strategic relations management with CalSTRS members and partners. The SISS unit also leads multiple efforts across the Investments Branch, including the Net Zero Portfolio Emissions by 2050 or Sooner pledge, which includes reducing financed emissions, increasing investment in low-carbon solutions, and using influence to accelerate the alignment of net zero in the global financial markets. SISS also chairs the Committee on Responsible Investment, overseeing the fund’s adherence to its Environmental, Social, and Governance (ESG) Risk Policy.

Under the general direction of the Investment Director, Sustainable Investment Strategies, the Associate Portfolio Manager provides independent analysis and consultation regarding the development and implementation of CalSTRS sustainable investment strategies, with a particular focus on the SISS public equity portfolio (SISS Public Portfolio). The incumbent participates in the monitoring and implementation of comprehensive public market investment and risk management strategies to meet the objectives of the SISS Public Portfolio within the overall SISS Portfolio. As needed, this position will also provide staff supervision.

The ideal candidate will possess the following skills:

• Experience leading, coaching, developing or mentoring staff

• Ability to develop and implement Investment strategies and policies

• Strong understanding of investment portfolios, securities and analyses

• Ability to work effectively as a team player and work collaboratively across multiple asset classes

• Strong work ethic, high integrity, and desire to learn

• Excellent written and verbal communication skills