Sustainable Investments Associate Investment Manager

Job Description and Duties

Anticipated Interview Dates: We anticipate holding virtual interviews on an ongoing basis until the position is filled. We look forward to meeting with you!

Our Sustainable Investments group is currently seeking an Associate Investment Manager (AIM) to play a central role in advancing CalPERS’ integration of financially material Sustainability factors into the investment process and commitment to investing in climate solutions as a driver of portfolio resilience and performance.

Duties include but are not limited to:

• Investment Research, Due Diligence & Portfolio Advisory: Partner with CalPERS investment teams across asset classes with a primary focus on public markets (Global Fixed Income, Global Equity) to integrate financially material sustainability considerations into investment decision-making. 
• Sustainability Analytics, Data Strategy & Investment Tools: Contribute to the development of methodologies, investment frameworks, dashboards, and reporting that support the organization's long-term sustainability and climate investment objectives. 
• Applied Research & Thought Leadership: Lead the identification, evaluation, and synthesis of emerging sustainability and climate-related investment research from academic institutions, asset managers, sell-side research, industry organizations, and policy developments.

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.

Sponsorship: CalPERS does not participate in E-Verify for employment authorization purposes. 

This position will run until filled, with cutoff dates for review. The first cutoff date is October 18, 2026, followed by every Sunday until filled.

How did you hear about this position? Tell us in this brief survey .

You will find additional information about the job in the .

Working Conditions

• This position may require occasional travel.

Special Requirements

STATEMENT OF QUALIFICATIONS (SOQ)

Please provide a Statement of Qualifications (SOQ) for the hiring manager’s review. Applications received without an SOQ or those that do not respond to the specific questions below will not be considered.

The SOQ must be typed, titled “Statement of Qualifications,” and each response must be numbered and list all relevant experience, education, and training, including places of employment, dates, and duties performed. The SOQ must not exceed two pages in length.

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

1. Which aspect of this role resonates with you the most?
2. How do you see this role contributing to your long-term career objectives?

Note: Resumes, letters, and other materials will not be evaluated or considered as responses to the Statement of Qualifications. Applications received without the SOQ or with a SOQ not properly formatted will not be considered.

Supplemental Questionnaire

In addition to completing your online job application, you must complete a Supplemental Questionnaire for the hiring manager's review. Applications received without completing the Supplemental Questionnaire will not be considered.

Minimum Qualifications

All experience and education relating to the Minimum Qualifications (MQs) listed on the Classification Specification should be included in your application package to clearly demonstrate how you meet the MQs for this position. The Classification Specification is located on this Job Posting under "Minimum Requirements."

Please note: You may need to pass an examination to establish list eligibility prior to any type of job offer. To find and take an exam, visit CalHR’s CalCareers website .

Career Services & Outreach

Need help with your state application, resume, Statement of Qualifications, or interview preparation?

The CalPERS Career Services & Outreach (CSO) team provides comprehensive support throughout the CalPERS hiring process. Our services include one-on-one online consultations for application assistance, Statement of Qualifications review, and interview preparation. To schedule an appointment and receive personalized guidance from our team, please use the following link: CalPERS Career Services Consultations .

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:

• Bachelor's degree in Finance, Economics, Sustainability, Environmental Science, Statistics, Engineering, or a Related quantitative discipline. 
• Progress toward, or completion of, a professional credential such as the CFA, the CFA Institute Certificate in ESG Investing, FRM, or an equivalent designation. 
• Deep understanding of the climate- and sustainability-investing landscape: transition and physical climate risk, climate solutions/opportunities, materiality assessment, and how these translate into portfolio construction, risk management, and manager selection. 
• Fixed-income-specific sustainability experience: identifying ESG topics which may become material to credit risk and working with credit analysts and PMs to evaluate the impact on issuers and portfolios, with familiarity across investment-grade, high-yield, sovereign, EM, and securitized/structured products. 
• Programming and data-engineering skills (e.g., Python) for building pipelines, dashboards, and reporting tools, and experience embedding analytics into portfolio-management systems in partnership with technology/data teams. 
• Strong written and verbal communication, with the ability to translate complex, technical sustainability analysis into clear, decision-useful insights for portfolio managers, investment committees, and senior leadership.

Benefits

CalPERS team members are eligible for a number of benefits. Health benefits and leave programs are available for most team members. Benefit eligibility may depend on length of service and collective bargaining agreements.

Some added benefits CalPERS offers include:

• Alternate Work Schedules
• Flexible Work Hours
• Onsite childcare facility
• Onsite fitness center
• Onsite café and nearby restaurants
• Free onsite parking available Mondays and Fridays, subject to change
• Free offsite parking available with shuttle service Tuesdays, Wednesdays, and Thursdays

For more details about employee benefits, visit the California Department of Human Resources website.

Additional Information

Live Scan
Candidates not currently employed at CalPERS are required to submit to a criminal history review process utilizing Live Scan fingerprinting.

CalPERS Disclosure Requirements
If employed, you may be subject to rules imposed by Personal Trading Regulations and Conflict of Interest Code that apply to CalPERS team members, which require disclosure of certain investment information and use of a designated trading platform for securities transactions, as well as filing a Statement of Economic Interest (Form 700)

Background Investigation
In addition to Live Scan, this position requires additional background screening prior to employment.

Surety Bond
Must be able to qualify for a Surety Bond.

Please do not include any confidential information on any documents in your application package. Confidential information that should be excluded or removed from these documents include, but is not limited to, your social security number, date of birth, marital status, personal photos, a copy of your driver’s license, equal employment opportunity data, examination scores, and LEAP status.

Required Application Package Documents

The following items are required to be submitted with your application. Applicants who do not submit the required items timely may not be considered for this job:

• Current version of the State Examination/Employment Application STD Form 678 (when not applying electronically), or the Electronic State Employment Application through your Applicant Account at All Experience and Education relating to the Minimum Qualifications listed on the Classification Specification should be included to demonstrate how you meet the Minimum Qualifications for the position.
• Resume is optional. It may be included, but is not required.
• Statement of Qualifications - In addition to completing your online job application, you must provide a Statement of Qualifications (SOQ) for the hiring manager’s review. Please see the Special Requirements section for instructions and questions for the SOQ. Applications received without an SOQ will not be considered. We ask that you not use Artificial Intelligence assistance when composing your written response. Written responses are an attempt to assess and gain an understanding of your personal writing and communication skills and abilities.
• Supplemental Application - In addition to completing your online job application, you must complete a Supplemental Questionnaire for the hiring manager's review. Applications received without the Supplemental Questionnaire will not be considered. -