Chief Investment Officer

Chief Investment Officer

Requisition ID: req1455
Employment Type: Unclassified Regular Full-Time (URF)
Division: Investment Management
Compensation: Compensation is competitive and includesretirement performance pay and a full benefits package
Job Closing: October:59pm CST
Location: TRS Headquarters Building 2
1900 Aldrich Street
Austin Texas 78723
United States

WHO WE ARE:

At the Teacher Retirement System of Texas our members are our mission. We are the largest public retirement system in Texas and the sixth largest in the FY 2025 TRS paid over $14.2 billion in retirement benefits to 523657 retirees and their beneficiaries. Our sole mission is Improving the retirement security of our members by prudently investing and managing the Trust assets and delivering benefits that make a positive difference in their lives.

With the Investment Management Division (IMD) you will be joining a group of achievers who celebrate the unique value individuals bring to support our shared cause: earning trust and contributing to the financial future of more than 2 million public education employees and retirees throughout Texas. Navigating the markets takes innovation and were passionate about stewarding the right investments to make an impact both in the lives of our members and all Texans. We invite you to partner with some of the best financial minds in the business to manage a global portfolio of over $250 billion in public and private investments across 15 asset classes. Our success starts with you.

The Chief Investment Officer is responsible for providing strategic leadership and executive oversight of the Teacher Retirement System Investment Management Division and the investment portfolio. The incumbent will lead investment strategy oversee division operations and staff advise the Board of Trustees Executive Director and other relevant parties on investment-related matters and uphold fiduciary responsibility for the prudent management of TRS assets in collaboration with IMD and stakeholders.

WHAT YOU WILL DO:

Strategic Oversight and Agency Representation

Provide executive leadership for the Investment Management Division aligning investment strategy with the agencys long-term obligations risk tolerance funding objectives and operational needs. Advise the Board of Trustees and Executive Council on asset allocation portfolio structure risk capacity and expected outcomes for the pension trust fund.

Oversee execution of the Investment Policy Statement and applicable policies laws and rules. Establish an investment philosophy that promotes accountability evaluates emerging strategies and strengthens portfolio performance and sustainability.

Maintain strong connections across the finance and investment community while leading development of the strategic investment plan divisional budget and legislative appropriation requests.

Operational Execution

Direct implementation of the Investment Policy Statement ensuring strategies objectives and performance expectations remain aligned with Board-approved goals and risk parameters. Oversee performance measurement monitoring and reporting to evaluate results manager effectiveness and portfolio compliance.

Set clear objectives define responsibilities and ensure effective oversight across investment operations. Manage procurement contracting and performance of investment service providers consultants and vendors.

Maintain a strong internal control and compliance framework that supports sound governance and adherence to applicable requirements.

Stakeholder Engagement & Governance

Serve as the principal investment advisor to the Board of Trustees Board committees and Executive Director. Build trusted relationships with internal and external stakeholders while presenting recommendations results market analyses risk assessments and policy matters in a clear and decision-useful manner.

Talent Management

Lead succession planning employee development workforce engagement and performance management across the division. Build leadership capacity and support succession readiness for critical investment and operational roles.

Recruit develop mentor and evaluate management staff while promoting accountability integrity collaboration continuous improvement and organizational excellence.

WHAT YOU WILL BRING:

Required Education

Bachelors degree from an accredited four-year college or university with major course work in business administration finance accounting economics or a related area.

Required Experience

Fifteen (15) years of full-time directly related progressively responsible experience in investment management or related experience.

Eight (8) years of experience leading or supervising the work of others.

Experience may be concurrent.

A masters or doctoral degree in a closely related field may be substituted on an equivalent year-for-year basis.

Preferred Qualifications

Senior management experience directing an investment organization that internally manages funds.

Advanced degree in finance economics or related field.

Certification as a Chartered Financial Analyst (CFA) a Chartered Alternative Investment Analyst (CAIA) and/or a Financial Risk Analyst (FRM).

Knowledge Skills and Abilities

Knowledge of:

Investment concepts strategies styles and analytical methodologies from the total portfolio level to individual investment selection.

Global and domestic macroeconomic and capital market issues relating to investments.

Statistical concepts methods and models and their application to investments.

Economic financial actuarial and quantitative concepts applicable to pension fund investing.

Securities operations investment accounting valuation compliance and internal controls.

Executive leadership workforce planning succession management and performance management principles.

Investment data portfolio management systems risk management systems analytical tools and technology used in institutional investment environments.

Skills in:

Negotiating complex investments advisory and service provider arrangements.

Developing and executing long-term investment strategies for a large diversified institutional portfolio.

Evaluating complex investment opportunities portfolio risks market conditions and financial information.

Presenting complex investment matters clearly and persuasively to boards executives policymakers and other stakeholders.

Managing mentoring and motivating staff to meet organization goals and objectives.

Negotiating issues and resolving problems.

Written and verbal communications including preparing and delivering complex correspondence reports presentations policies and proposals.

Ability to:

Promote and maintain harmonious working relationships with the Board of Trustees agency co-workers and staff state leadership (including their staff) and other external contacts.

Work effectively in a professional team environment.

Protect confidential and market sensitive information while demonstrating the highest standards of ethics and professional conduct.

Establish credibility and trust with stakeholders who have differing perspectives and levels of investment knowledge.

Maintain independence of judgment while working collaboratively with trustees executive leadership employees advisors and external partners.

Fulfill fiduciary responsibilities and place the interests of TRS members and beneficiaries above personal or agency interests.

Lead through periods of market volatility public scrutiny and heightened stakeholder interest.

Military Occupational Specialty (MOS) Codes:
Veterans Reservists or Guardsmen with experience in the Military Occupational Specialty ( ) along with the minimum qualifications listed above may meet the minimum requirements and are highly encouraged to apply. Please contact Talent Acquisition at with questions or for additional information.

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