Skip to content
 
 

Career Opportunity

Associate Portfolio Manager – Asset Allocation, Risk Management, and Innovative Solutions - San Francisco Employees' Retirement System (0923) (144581)

Recruitment: RTF0144571-01155425

Published: March 15, 2024

Contact:

Michael Nettles Jr. - michael.nettles@sfgov.org

Apply using SmartRecruiters, the City and County of San Francisco's application portal Learn More

Department: Retirement System
Job class: 0923-Manager II
Starting salary range: $137,540.00 - $175,552.00 (Range A)
Role type: Permanent Exempt What does this mean?
Hours: Full-time
 

About:

Who We Are

The San Francisco Employees’ Retirement System (SFERS) is dedicated to securing, protecting, and prudently investing the pension trust assets, administering mandated benefits programs, and providing promised benefits to the active and retired members of the City and County of San Francisco.

Established in 1889 as a fund for families and orphans of firefighters and police officers, today the San Francisco Employees’ Retirement System serves more than 75,000 active, vested, and retired employees of the City and County of San Francisco and their survivors.

What We Do

The Investment Division serves as a resource to the Retirement Board in the development of investment policies and practices. In accordance with the annual investment plan, the investment team brings before the Board, new investment opportunities with the objectives of enhancing the structure and diversity of the investment portfolio and sustaining long-term performance. Additionally, the Investment Division’s professional staff analyzes, develops, and recommends asset allocation mixes, manages investment portfolios, and monitors the activities and performance of external investment managers.

  • Application Opening: March 15, 2024
  • Application Deadline: Open Until Filled
  • Salary:  $137,540 to $175,552 annually
  • Recruitment ID: RTF0144571- 01155425

This job announcement will not close before March 29, 2024. Interested applicants are encouraged to apply as soon as possible.

Appointment Type

This permanent exempt position is excluded by the Charter from the competitive Civil Service Examination process and shall serve at the discretion of the Appointing Officer.

Role description

What We’re Looking For

SFERS seeks an experienced investment professional for the position of Associate Portfolio Manager (“APM”) for its  Asset Allocation, Risk Management, and Innovative Solutions team. Reporting directly to the Managing Director, the APM will play a crucial role in providing technical, professional, and administrative support to the Investment Team, CEO/CIO, and Managing Director.

As a key member of the Investment Team, the ideal candidate will demonstrate proficiency in asset allocation, investment knowledge of multiple asset classes, quantitative and qualitative methods for risk management, portfolio optimization, performance analysis, innovative investment strategies, and capital market modeling. Additionally, the successful candidate will possess a detailed understanding of portfolio exposures, factors, solid understanding of the techniques and technologies used to analyze relevant risk and return attributions.

The incumbent may also be responsible for the supervision and development of an Investment Officer.

Specific and essential functions of this position include, but are not limited to:

  • Assist Managing Director in working with Plan’s consultant to review asset allocation, asset-liabilities studies, and capital markets assumptions.
  • Assist with the development and implementation of quantitative models used in asset allocation, risk management, liquidity management, cash flow pacing forecasts, performance analysis, stress testing, derivative exposure management for each asset class and for the portfolio as a whole.
  • Assist asset classes in portfolio review and manager monitoring underwriting, including both proprietary quantitative methods and vendor solutions.
  • Analyze the effects of relevant stress conditions on Plan’s risks and liquidity and design an action plan for each stress scenario.
  • Perform liquidity modeling and planning under both normal and stress conditions.
  • Assist in developing and updating the investment playbook for investable opportunities and reactions to market shocks; assist with fostering a culture that supports disciplined rebalancing and opportunistic risk taking in the face of market dislocation and illiquidity.
  • Research, design, and implement innovative investment strategies that are differentiated from traditional public and private investment.
  • Review and design of Plan’s policies and procedures.
  • Perform related duties as assigned.

How to qualify

Education:

Possession of a baccalaureate degree from an accredited college or university with major coursework in finance, economics, business administration, accounting, statistics, or similar field.

Experience:

Four (4) years of investment experience with an investment management firm, pension plan, university, endowment, foundation, corporation, family office, or consulting firm.

Substitution:

  • Possession of the Chartered Financial Analyst designation, may be substituted for an undergraduate degree in a different field than described above.
  • Possession of a graduate degree in Business Administration, Finance, Statistics, Investment Management, Economics, or similar field.
  • Three years of investment management experience at a position equivalent to an APM or higher with an investment management firm, pension plan, university, endowment, foundation, corporation, family office, consulting firm or other investment institution with at least $1 billion in assets, or seven years of such responsibility at a firm of any size, may substituted for an undergraduate degree in a different field than described above.

Verification

Applicants may be required to submit verification of qualifying education and experience at any point during the recruitment and selection process. If education verification is required, information on how to verify education requirements, including verifying foreign education credits or degree equivalency, can be found at https://sfdhr.org/how-verify-education-requirements.

Note: Falsifying one’s education, training, or work experience or attempted deception on the application may result in disqualification for this and future job opportunities with the City and County of San Francisco.

All work experience, education, training, and other information substantiating how you meet the minimum qualifications must be included on your application by the filing deadline. Information submitted after the filing deadline will not be considered in determining whether you meet the minimum qualifications.

Resumes will not be accepted in lieu of a completed City and County of San Francisco application. 

Applications completed improperly may be cause for ineligibility, disqualification, or may lead to lower scores.

Selection Procedures

Applications will be screened for relevant qualifying experience. Additional screening mechanisms may be implemented in order to determine candidates’ qualifications. Only those applicants who most closely meet the needs to the Agency will be invited to participate in the selection process. Applicants meeting the minimum qualifications are not guaranteed advancement in the selection process.

What else should I know?

How to Apply

All applicants must submit a resume and completed job application (all sections, including Experience and Education, must be completed) in order to be considered. Resumes will not be taken as a substitute for completing the application. 

Applications for City and County of San Francisco jobs are only accepted through an online process.

Visit careers.sf.gov and begin the application process.

  • Select the “I’m Interested” button and follow instructions on the screen

Applicants may be contacted by email about this recruitment and, therefore, it is their responsibility to ensure that their registered email address is accurate and kept up-to-date. Also, applicants must ensure that email from CCSF is not blocked on their computer by a spam filter. To prevent blocking, applicants should set up their email to accept CCSF mail from the following addresses (@sfgov.org, @sfdpw.org, @sfport.com, @flysfo.com, @sfwater.org, @sfdph.org, @asianart.org, @sfmta.com, @sfpl.org, @dcyf.org, @first5sf.org, @famsf.org, @ccsf.edu, @smartalerts.info, and @smartrecruiters.com).

Applicants will receive a confirmation email that their online application has been received in response to every announcement for which they file. Applicants should retain this confirmation email for their records. Failure to receive this email means that the online application was not submitted or received.

If you have any questions regarding this recruitment or application process, please contact the recruitment analyst, Michael Nettles, at michael.nettles@sfgov.org.

All your information will be kept confidential according to EEO guidelines.

The City and County of San Francisco encourages women, minorities and persons with disabilities to apply. Applicants will be considered regardless of their sex, race, age, religion, color, national origin, ancestry, physical disability, mental disability, medical condition (associated with cancer, a history of cancer, or genetic characteristics), HIV/AIDS status, genetic information, marital status, sexual orientation, gender, gender identity, gender expression, military and veteran status, or other protected category under the law.