Investment Officer II, Investment Operations

West Sacramento, California
$81,912 - $102,516; annual incentive up to 10% of base, 5% for CFA, plus benefits
08 Jun 2021
17 Jun 2021
Industry Sector
Employment Type
Full Time

The CalSTRS Investments Branch is seeking an experienced individual to work as an Investment Officer II in the Investment Operations Unit.

Investment Operations’ primary function is to provide middle-office support for internal and external portfolio activities by performing pre-settlement portfolio controls, cash and trade management, cash flow analysis, portfolio and total fund reporting, and by partnering with the asset classes to align operational services for the successful implementation of the Investment Policy and Management Plan.

Under the direction of the Associate Portfolio Manager, the Investment Officer II performs a wide range of analytical and technical work associated with assisting in the implementation of the Investment Policy Management Plan, reducing operational risk, and supports the functions of Investment Operations. The incumbent is expected to perform duties requiring independence, confidentiality, creativity and discretionary judgment.

Responsibilities of the Investment Officer II include:

  • Participating in due diligence reviews related to operations and/or master custodian services, audit reviews, internal controls, and collaborating with other teams to ensure compliance with operational functions and mitigate operational risk.
  • Implementing the Investment Policy Management Plan, which includes providing oversight on new investment strategies and programs, account modifications and transition management.
  • Providing support to the Operations’ project teams, which includes assisting with the tracking, coordinating and implementation of various initiatives.
  • Performing financial research and analysis related investment strategies and programs.
  • Providing pricing and valuation support to maintain the Pricing Source Authorization and pricing hierarchy for internal and external assets across the Total Plan.

The Investment Officer II is eligible for incentive compensation and has a maximum incentive opportunity of 10% of base salary.

An Investment Officer II who possesses a professional certification as a Chartered Financial Analyst (CFA) may receive a 5% monthly base pay differential.

The ideal candidate will be a motivated self-starter with strong attention to detail, experience performing operational risk analysis in the investment industry.

Desirable Qualifications

In addition to evaluating each candidate's relative ability, as demonstrated by quality and breadth of experience, the following factors will provide the basis for competitively evaluating each candidate:

  • Undergraduate degree in Business, Finance, Economics, or a closely related field
  • Knowledge of financial principles and markets
  • Strong interpersonal skills
  • Strong analytical skills
  • Excellent written and oral communication skills
  • Ability to independently research and analyze complex issues with strong attention to detail
  • Ability to evaluate data and situations, and make sound judgments and conclusions
  • Ability to work effectively as an individual and as part of a team to support team, unit, and Investments Branch goals
  • Ability to maintain a high degree of diplomacy and tact while interfacing with a wide range of staff and external stakeholders


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.

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