Principal Investment Officer (Unclassified)

Pasadena, California (US)
Based on experience beginning at $240,962 per year + benefits
Sep 06, 2017
Oct 06, 2017
Portfolio Analytics
Job Function
Performance Analysis
Industry Sector
Employment Type
Full Time

The Principal Investment Officer (PIO) in the Portfolio Analytics Section is a new and an unclassified position, meaning  the position is at-will, that will report to LACERA's Chief Investment Officer (CIO). The PIO will be responsible for leading in the development of the Portfolio Analytics Team in LACERA’s Investment Office.
The PIO will apply their management expertise to enhance LACERA’s portfolio construction, corporate governance, risk management, and performance monitoring and data analysis.
The PIO will also be responsible to:

  • Design and implement systems and practices to measure, analyze, and report on performance, risk, and investment exposures across the Fund.
  • Develop and administer LACERA’s risk management program, including exposure management, asset category analysis, and hedging strategies.
  • Assist in establishing LACERA’s outlook for asset classes and investment themes. 
  • Provide quantitative analytical support and capital markets research to assist in asset allocation and implementation decisions.
  • Oversee the Corporate Governance Team  to develop procedures and implement an Environmental, Social, and Governance Program (ESG) for the Fund.
  • Identify operational best practices and implement improvements to procedures and systems.
  • Prepare briefing materials, reports and presentations to the Board of Investments, and Board Committees, and other duties as needed. 
  • Work with custody bank and investment consultants to oversee performance reporting

The Ideal Candidate will meet the position's Minimum Qualifications and the following Desirable Qualifications:

  • Knowledge of risk measurement and management tools and systems.
  • Knowledge of Environment, Social, and Governance ESG categories and structures.
  • Experience managing people and processes for a sophisticated investment organization.
  • Experience conducting an asset allocation study for an institutional portfolio.
  • Experience working with a custody bank, auditors, and investment consultants.
  • Experience presenting recommendations to a Board or Investment Committee.
  • Excellent organizational, analytical, and communication (oral and written) skills.
  • Master’s of Business Administration (MBA) preferred.
  • Chartered Financial Analyst (CFA)  designation preferred.
  • Collaborative disposition.