Retirement Investment Analyst I/II

San Jose, California
Minimum Salary: 73,239.44
Apr 05, 2018
May 05, 2018
Industry Sector
Employment Type
Full Time

About the Department

The City of San José, the Capital of Silicon Valley, is one of the nation's best managed cities and one of the top ten cities in which to live, work, and do business.  Moreover, San José is the center of cultural, government and economic activity for the region.  The employees of the City of San José have embraced the following values:  Integrity, Innovation, Excellence, Collaboration, Respect and Celebration. 
The City's Retirement Services Department is seeking an individual whose values align with the values of the City's employees.

The mission of the City's Retirement Services Department is to provide quality services in the delivery of pension and related benefits and maintain financially sound pension plans.

Position and Duties

The Retirement Services Department is seeking to hire a Retirement Investment Analyst to manage the investments of the City's two Retirement Plans totaling over $6 billion in assets.

Reporting to the Chief Investment Officer the Analyst will be primarily responsible for analysis and implementation of quantitative models in the management of the investment portfolios within the retirement system.

He/she will work with the system’s risk management tools to ensure that portfolios are being managed within the risk framework established to govern the system.  The analyst will also monitor and insure that the overall portfolio's risk and underlying exposures are consistent with policy and will recommend necessary changes, if warranted. He/she will proactively monitor tracking error of various asset classes to underlying benchmarks; identify potential sources of risk, help develop active risk targets for various asset classes, and help liaise with external risk management provider to facilitate effective implementation of risk management tools.

 May be involved in assisting Investment Officers in the performance of due diligence and analysis for selection of investment firms through on-site visits, discussions with other institutional investors, and analysis of information provided by consultants.  He/she will conduct ongoing due diligence of current portfolio, including meetings with managers to discuss portfolio returns and strategies, and quantitative analysis of portfolio returns and underlying holdings.

Assist with ad-hoc projects to assist CIO and Investment Officers in the implementation of the plan’s strategy.

Minimum Qualifications

 Education and Experience

Retirement Investment Analyst I: Bachelor’s Degree from an accredited college or university in business, finance, financial engineering, mathematics, economics or a related field.

Retirement Investment Analyst II: Bachelor’s Degree from an accredited college or university in business, finance, financial engineering, mathematics, economics or a related field and three (3) years experience in a defined benefit retirement fund, investment consulting, investment management, pension consulting or other related financial or fiscal analytic work.

Acceptable Substitution

One (1) year of additional education above a Bachelor’s Degree may be substituted for one year of the required experience for Retirement Investment Analyst II.

Employment Eligibility:  Federal law requires all employees to provide verification of their eligibility to work in this country.  Please be informed that the City of San Jose will not prepare or file a labor condition application with the Department of Labor

Desirable Qualifications

1) A graduate degree in a quantitative discipline, either in economics or finance, or in the natural sciences or engineering is desirable for the Investment Analyst II position.   PhDs in one of the disciplines listed above are also encouraged to apply.

2) A strong foundation in applied empirical analysis

3) Proven quantitative and qualitative analytical and problem-solving skills. 
4) Creative thinker, and quick learner, with initiative, drive and attention to detail. Ability to think beyond dimensions of standard portfolio management theory

5) Diplomacy and strong interpersonal skills; commitment to work in a team-oriented, multi-cultural environment. 
6) Ability to work independently and under pressure and tight time constraints. 
7) A strong team player with the confidence to interact at all levels of an organization. 
8) Excellent communication and presentation skills, both verbal and written. 
9) Highest ethical standards. 


 Job Expertise: Knowledge of: Investment concepts including: portfolio theory, asset allocation and capital markets; Financial and statistical analysis; Principles and practices of institutional investing; Ability to: Perform complex financial analysis and ability to analyze, isolate and interpret data; Interact with external service providers such as actuarial and investment consultants, money managers and custodian; Utilize and coordinate the delivery of custodial services.

Analytical Thinking - approaches a situation or problem by defining the problem or issue; identifies a set of features, parameters, or considerations to take into account, collects and analyzes data, uses logic and intuition to arrive at conclusions and recommendations

Communication Skills - communicates and listens effectively and responds in an timely, effective, positive and respectful manner; written reports and correspondence are accurate, complete, current; well-organized, legible, concise, neat, and in proper grammatical form

Computer Skills - experienced with common business computer applications including but not limited to: MS Outlook, MS Word, MS PowerPoint, MS Access, and MS Excel

Initiative - exhibits self directed, resourceful and creative behaviors toward meeting job objectives; anticipates problems, is proactive, and avoids difficulties by planning ahead; displays willingness to assume extra responsibility or workload and accept challenges; pursue continuing educational opportunities which promote enhanced job performance.

Leadership - leads by example; serves as appropriate role model; demonstrates high ethical standards; Remains visible and approachable and interacts with others on a regular basis; promotes a cooperative work environment; encourages and rewards risk-taking, allowing others to learn from mistakes.

Team Work & Interpersonal Skills - develops effective relationships with co-workers and supervisors by helping others accomplish tasks and using collaboration and conflict resolution skills

To Learn More and Apply

To view the full announcement for this exciting opportunity and apply online with the City of San José, please visit the City of San José’s employment page by clicking on the link below.

Then click on the “Open-Competitive Recruitments” link.

City of San José Employment Page