Operational Due Diligence Associate Investment Manager (Associate Investment Manager,Public Employees` Retirement System)

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 Duty Statement. 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: • Which aspect of this role resonates with you the most? • 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.