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Investment Director – Sustainable Investing

Website CalPERS

Pension Fund

Working Title:

Investment Director – Sustainable Investing

Classification:

INVESTMENT DIRECTOR, PUBLIC EMPLOYEES’ RETIREMENT SYSTEM

$20,062.50 – $33,437.50

This position is eligible for annual and long-term incentive awards. The annual incentive opportunity is 0-120% of salary and is based on the level of achievement against several quantitative and qualitative measures. The long-term incentive program provides an additional opportunity of 80% of base salary beginning after five years and when absolute total fund returns meet or exceed board-approved thresholds.

Work Location:

Sacramento County

Telework:

Hybrid

Job Type:

Permanent, Full Time

Job Description And Duties

CalPERS is the nation’s largest public pension fund with equity and income investments in both domestic and international markets through both private and public investment vehicles. The Investment Office (INVO) is responsible for investment and daily management of CalPERS assets. INVO invests in stocks, bonds, real estate, private debt, and private equity, utilizing a wide array of instruments and vehicles to generate the best total returns on a long-term basis at an acceptable level of risk.

The Sustainable Investing (SI) Program is responsible for developing and implementing the CalPERS Sustainable Investments strategy and thought leadership for the Total Fund. The SI program focuses on sustainability-related advocacy and policy, integration, communication, and investment. The SI program works closely with each asset class to manage investment risks and uncover investment opportunities through the sustainable investment lens, while ensuring that Environmental, Social, and Governance (ESG) factors are integrated into investment strategy, analysis, and decisions. All of this is done with the goal of enhancing the long-term sustainability and resiliency of the Total Fund.

Under the general direction of the Managing Investment Director (MID) of SI, the Investment Director (ID) will oversee the sustainable investment function, the governance structure to support sustainable investments within the SI unit and oversee the data analytics, reporting and strategy function for SI. The ID will be both an investor using an allocation to the SI unit, and an advisor to the other Asset Classes on sustainable investment opportunities – alongside other experts in the SI team.

Duties Include But Are Not Limited To:

  • Act as both an investor in sustainability-focused funds (infrastructure and PE) and related co-investment opportunities, and an advisor on sustainability investment opportunities to the other CalPERS Asset Classes.
  • Have central role in expanding CalPERS overall sustainable investment portfolio.
  • Develop a governance structure in support of the investment and portfolio management functions within SI.

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

Recruitment Process: An executive search firm will be assisting in the recruitment process for this position. Your application package will be forwarded to their team for consideration.

Final Filing Date: Until Filled