Equity Portfolio Implementation Manager

Job Description and Duties

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

Our Global Public Equity (GPE) group is currently seeking an Investment Manager (IM) to lead the ongoing evolution and adaptation of the equity portfolio construction platform, management methodologies, day-to-day implementation of various investment strategies, and drive CalPERS' mission. 

This role includes but is not limited to:

• Ensure assigned equity portfolio characteristics are aligned with the benchmark/model, including primary responsibility for specific portfolios and coverage responsibility and trade review for other portfolios.
• Contribute to evaluating and delivering effective strategies for investment, in terms of theory and implementation. Oversee and analyze corporate actions, including tender offers, initial public offerings/secondary offerings, and voluntary dividend treatment. 
• Drive the GPE Portfolio Construction team's efforts to innovate and improve the technologies, methodologies, and workflows that further the development of an efficient, risk-controlled, and scalable institutional equity management capability.

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 November 11, 2026 followed by every Wednesday until filled.

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You will find additional information about the job in the .

Working Conditions

• Moderate amount of travel.

Special Requirements

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 the 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 Qualification 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:

• Working knowledge of systematic portfolio management methods and techniques, as well as proficiency in the Microsoft application suite, portfolio construction platforms, and order management systems.
• Be flexible in adapting to changes in priorities, assignments, and other interruptions which may impact pre-established timelines and courses of action.
• Current knowledge of risk management and data handling methods.
• Demonstrated ability to develop and maintain collaborative, professional relationships with internal and external partners.
• A comfort and appreciation for operating in a team and consensus drive environment is a key aspect underlying success in the CalPERS environment.

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.