Operational Strategy Implementation Manager

Job Description and Duties The starting salary for this position will be set competitively and commensurate with the candidate’s qualifications and experience. This position is eligible for incentive compensation and has a maximum incentive opportunity of 50% of base salary. The CalSTRS Investments Branch is seeking an experienced individual to work as an Associate Portfolio Manager on the Investement Operations, Operational Strategy Implementation team. Investment Operations is critical to the execution, oversight, and safeguarding of the total fund. The team supports the full investment lifecycle—from portfolio onboarding through trade execution, cash management, and reporting-while maintaining robust control frameworks. Through strong partnerships and a focus on scalable solutions, Investment Operations helps drive efficient execution, supports new and evolving strategies, and mitigates operational and custodial risk across a global portfolio. Under the general direction of the Head of Investment Operations, the incumbent provides independent analysis and consultation regarding the development and implementation of new investment strategies and project management to support the operational functions across all private and public asset classes, including developing internal controls, portfolio setup with the custodian and counterparties, integration into the portfolio management trading and risk system, and opening foreign markets. The incumbent will be responsible for providing project management and oversight for all new investment strategies, portfolio transitions, asset transfers, de-fundings and fundings. The ideal candidate will possess the following skills: • Advanced investment operations knowledge. • Understanding of post- trade lifecycle. • Familiarity with trading, risk and portfolio management. • Experience evaluating investment policies. • Ability to solve problems, promote new ideas and develop new approaches to achieve established vision and strategies. • Manage strategic relationship and partnerships to advance CalSTRS goals and initiatives. • Excellent written and verbal communication skills and experience speaking on external investor panels and regulatory forums. • Ability to contribute to the design, development, and execution of formal policies, procedures, and guidelines for sustainable investment and stewardship strategies. • Strong commitment to delivering quality service and providing options to leadership and team with diplomacy. An incumbent who possesses a professional certification in one of the following designations: Chartered Financial Analyst (CFA), Certified Commercial Investment Member (CCIM), Financial Risk Manager (FRM), Certified Investment Management Analyst (CIMA) or Chartered Alternative Investment Analyst (CAIA) may receive a 5% monthly base paydifferential. Only one 5% base pay differential is eligible regardless of the number of certifications. Relocation benefits may be available. Does this opportunity seem right for you? If so, see the Application Instructions section below and apply now. You will find additional information about the job in the Duty Statement. Special Requirements Exam This position requires a current Associate Portfolio Manager examination. If you need to take the examination or if your score has expired, click here to gain list eligibility. CalSTRS Personal Trading Program Investment Branch employees are required to participate in the CalSTRS Personal Trading Program which allows CalSTRS to monitor employees’ personal trading transactions in order to reduce risks associated with insider trading, front running, and misusing material non-public information. Upon accepting a position within the Investment Branch, you will be required to disclose your personal broker account information and be required to utilize a personal broker from a designated list as provided by CalSTRS. Background Investigation Prior to employment with CalSTRS, a background investigation (BI) will be conducted. The BI consists of a Personal History Statement and fingerprinting through the Department of Justice. The BI will check criminal and civil records and, if applicable, verify education and check driving records. CalSTRS Disclosure Requirements This position may be subject to disclosure and disqualification requirements concerning economic conflict of interest in government work, including the Conflict of Interest Code that applies to CalSTRS team members and the Political Reform Act, 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). Incompatible Activities This position is subject to the provisions of Government Code Section 19990. Upon accepting a position at CalSTRS, you will also be required to comply with the CalSTRS Incompatible Activities Policy by ensuring that outside work or activities are compatible and align with your professional activities or workplace obligations.