Investment Officer II

Location
Los Angeles, California
Salary
Salary commensurate with education and experience
Posted
Jun 24, 2022
Closes
Jul 14, 2022
Industry Sector
Government
Employment Type
Full Time
Education
Bachelors

Summary of Duties:

The Investment Officer II assists with the administration and implementation of the management of the LAFPP Plan Investment Program, and any staff assigned thereto.  An Investment Officer II also assists with investment staff oversight and administration of all projects including asset allocation, risk management and asset classes such as:  Fixed Income, Domestic or International Equities; Private Equity; Real Assets including Private Real Estate; Credit Opportunities and Commodities; Hedge Funds.  The Investment Officer II assists with the coordination, preparation and review of staff reports for quality and completeness and will perform other duties related to the overall management of the division.  Reports directly to the Investment Officer III.

Examples of Duties:

  • Assists with the management of the asset portfolio and recommends investment philosophies, policies and strategies to optimize or maximize risk-adjusted returns, manage and reduce risk, monitor cash flows to ensure sufficient liquidity, reduce costs and recommend investment-related strategic goals
  • Assists with the oversight and monitoring of the asset allocation procedures to accomplish fund financial objectives
  • Assists with the recommendation and negotiation of contracts and amendments for contracts of investment management firms and consultants, including evaluating and negotiating costs, compensation structure, content of requests of proposals, and selections of investment management firms for possible contracting
  • Assists with monitoring the performance of all asset class investment managers to benchmarks and peer group, and reports on any exceptional events
  • Assists is monitoring the capital markets and economic forecasts, and provides reports with on-going analysis of global economic conditions as it relates to the investment portfolio
  • Experience with strategic asset allocation and tactical overlay strategies
  • Confidence and poise when interacting with internal and external stakeholders and Board of LAFPP

Experience:

Degree in Finance, Economics, or Mathematics, MBA, CFA and/or CAIA preferred.  Direct public market (Equity, Fixed Income and Cash) portfolio construction, portfolio management and risk management experience preferred.  Four years of experience in institutional pension investing with knowledge of basic concepts and practical application of private market assets and management; asset allocation, portfolio rebalancing, domestic and non-US equity, fixed income markets, credit opportunities, private equity, real assets including private real estate, and other alternative asset investment strategies or trading at the level of Investment Officer II, is highly desirable.

Minimum Requirements

Graduation from a recognized four year college or university; and three years of experience in a public agency, commercial bank, investment banking firm, or brokerage firm with responsibilities for the purchasing or selling of money-market instruments, cash management analysis, and analysis of short-term investments and economic forecasting; or four years of experience in investment analysis, financial analysis, institutional investing or consulting, performing portfolio management, securities research or analysis, or account administration on behalf of tax exempt clients. 

How to apply

Interested candidates should submit a completed a City employment application (see attachment) and resume via email to lafpphr@lafpp.com.

 

The selected candidate(s) must pass a physical exam administered by a City physician and will be subject to a background check, including fingerprinting. Upon hire, selected candidate must also show proof of identity and legal right to work in the United States.

 

Prior to accepting an emergency appointment, you should be aware of the following information:

 

An emergency appointment is not a regular appointment.  It is a temporary appointment which does not require that you successfully compete in the Civil Service examination process.  The appointment may not exceed one year and must be terminated immediately when a regular appointment can be made from an eligible list. No emergency appointment can exceed one year. (City Charter Section 1013).

 

In order to receive an emergency appointment, you must submit a completed, signed City application form which will be provided to the Personnel Department along with the Emergency Nomination Form completed by the employing department.  If you meet the minimum qualifications for the examination for the class to which you have been nominated for an emergency appointment, you will need to submit an application for the next administration of that examination. You will be required to complete and submit a new application to the Personnel Department when the examination is open for filing.

 

If you are not currently a regular employee of the City of Los Angeles when you accept the emergency appointment and you cannot be appointed from an eligible list at the termination of your emergency appointment (one year or establishment of an eligible list, whichever comes first), you will be terminated from City employment.

 

PLEASE NOTE:  For candidates seeking initial City employment, in accordance with Los Angeles City Ordinance 187134, information regarding COVID-19 vaccination requirements as conditions of employment may be found at: https://clkrep.lacity.org/onlinedocs/2021/21-0921_ord_187134_8-24-21.pdf.

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