Director of Inflation Sensitive (Investment Director)

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 175% of base salary. The CalSTRS Investments Branch is seeking an experienced individual to work as an Investment Director on the Inflation Sensitive team. The Inflation Sensitive Unit was developed to improve diversification of the overall Investment Portfolio by seeking investment strategies and security types that would protect it against inflation, generate enhanced yield and provide stable cash flows. The unit’s portfolio is currently split between private investments in Infrastructure, Agriculture, and Timberland, and public investments such as U.S. TIPS and Commodities. The Inflation Sensitive Portfolio is a unique hybrid asset class of multiple asset types that will invest in a diversified portfolio of strategies and securities utilizing a mixture of both internal and external management. The unit will seek to lower CalSTRS overall portfolio volatility and positively capture long-term changes in inflation. Under the general direction of the Senior Investment Director, Private Markets & SISS and with guidance from the Chief Investment Officer (CIO), the Director of Inflation Sensitive provides leadership, management and investment expertise to staff and the Teachers' Retirement Board in the area of investment strategies that are more highly correlated to inflation than equity or fixed income, including the existing Global Inflation Protected and Infrastructure assets, supervises the Inflation Sensitive staff, and is responsible for performing the following complex duties requiring the highest degree of independence and discretionary judgment. The incumbent will support, contribute, and facilitate the Investment office values and culture within their unit and across the entire branch. The ideal candidate will possess the following skills: • Knowledge of private markets investments with a focus on infrastructure • Experience coaching and guiding existing senior portfolio managers and investment staff • Experience developing and overseeing investment strategy initiatives with a focus on infrastructure • Experience executing, adhering to and providing guidance on investment policies • Experience managing internal and external investment portfolios • Experience in developing strategic goals and objectives, asset allocation, business plans, budgetary and broader resource planning • Ability to effectively communicate and collaborate with colleagues both within CalSTRS and in the broader financial markets • Ability to present recommendations to a board or similar governing body • Possession of a degree in Business/Finance/Economics or closely related field 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 Investment Director 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.