Job Description

Job Posting: Deputy Chief Investment Officer, Capital Markets

Public Employees Retirement System

JC-477675 -

JC-477675 - Deputy Chief Investment Officer, Capital Markets

Final Filing Date: Until Filled

Application Methods: Electronic (Using your CalCareer Account) or Mail Drop-off

Note: Although the classification title indicates CalSTRS, this position resides with CalPERS, and the salary reflects the CalPERS position.

Anticipated Interview Dates: Virtual interviews will be held on an ongoing basis until the position is filled, with review cutoffs on the last day of each month, starting with 5/31.

CalPERS manages over $530 billion in assets, serving more than 2 million members, and is the largest public pension fund in the U.S.

CalPERS values its Core Values: Quality, Respect, Accountability, Integrity, Openness, and Balance. We seek individuals with a growth mindset who thrive in a fast-paced environment and value diversity.

The Investment Office seeks a Deputy Chief Investment Officer (DCIO) for Capital Markets to oversee public market asset investments, including global equities, fixed income, and diversification strategies. The role involves leadership of the Capital Markets team, governance, strategic alignment, and integrating research into investment decisions, all to support CalPERS' mission.

Telework: Hybrid schedule, with up to two days remote and at least three days onsite weekly.

Minimum Requirements

Refer to the Class Specification for detailed requirements. The position title is Deputy Chief Investment Officer, CSTRS, with a salary range of $28,325.00 - $47,208.33. The role is eligible for annual and long-term incentives based on performance.

Department Overview

CalPERS is a leading global investor with approximately $537.7 billion in assets, headquartered in Sacramento. We are committed to diversity, inclusion, and providing a supportive work environment with various benefits, including flexible schedules, onsite amenities, and more.

Special Requirements

Applicants must demonstrate all experience and education related to the Minimum Qualifications, including submitting transcripts if using education. Degree evaluations from outside the U.S. are required if applicable. Passing an examination may be necessary for eligibility.

Application Instructions

Applications can be submitted online via or by mail/drop-off at the addresses provided. Required documents include the STD 678 form and optionally a resume.

Final filing date is until filled. Only the most qualified applicants will be considered based on the Minimum Qualifications.

Desirable Qualifications

Candidates demonstrating professionalism, integrity, openness, interpersonal skills, teamwork, and a high-performance culture will be favorably evaluated.

Benefits and Additional Information

Benefits include health, leave, flexible schedules, onsite amenities, and more. For questions, contact CalPERS Careers at (916) 795-3065 or careers@calpers.ca.gov. Reasonable accommodations can be requested during the interview process.

Additional requirements include Live Scan fingerprinting, background checks, and adherence to conflict of interest rules. Do not include confidential info in your application documents.

EEO Statement

The State of California is an equal opportunity employer and promotes a drug-free workplace.

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