Career Opportunity

Investment Officer of Asset Allocation, Risk Management, and Innovative Solutions - San Francisco Employees' Retirement System (0922) (119841)

Recruitment: RTF0119840-01131848

Published: June 15, 2022

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About:

The San Francisco Employees’ Retirement System ("SFERS") offers an exceptional opportunity for the right candidates to serve this historic, well established City Department by engaging in interesting and rewarding mission critical work. 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.

Our Mission
The San Francisco Employees’ Retirement System 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.

Specific information regarding this recruitment process is listed below:

•    Application Opening: June 15, 2022
•    Application Deadline: Open Until Filled
•    Salary: $116,116 to $148,252 annually
•    Recruitment ID: 119841 – RTF0119840

This job announcement will not close before June 30, 2022. 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

SFERS seeks an experienced investment professional for the position of Investment Officer (“IO”) for its Asset Allocation, Risk Management, and Innovative Solutions team. Reporting directly to the Managing Director of Asset Allocation, Risk Management, and Innovative Solutions ("Managing Director"), the IO will provide technical, professional, and administrative support to the Managing Director and the CEO/CIO of SFERS. The incumbent will perform difficult and complex research as well as due diligence work involving knowledge of asset allocation, risk management, innovative investment strategies, the capital markets, and the asset management industry. The incumbent may also be responsible for the development and oversight of an Investment Analyst.

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

• Assist with the design of policies and practices that capture, monitor, and manage risks and exposures;
• 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 with strategic and tactical asset allocation decisions including policy leverage and asset/liability research;
• Assist in determining appropriate contingency plans and risk mitigation actions for stressed market environments;
• Research, design, and implement innovative investment strategies that are differentiated from traditional public and private investment;
• Assist each asset class in appropriate strategy and risk analysis;
• Perform both qualitative and quantitative analysis to monitor investment performance, diversification, and overall risk management;
• 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;
• Source investments opportunities, conduct thorough due diligence and model portfolio construction, and review and negotiate investment management agreements;
• Provide recommendations/advice on investment structure, programs, and policy;
• May perform additional duties as assigned.

How to qualify

Minimum Qualifications

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

Three (3) years of investment experience with an investment management firm, pension plan, university, endowment, foundation, corporation, family office, or consulting firm.

Substitution

• Possession of a graduate degree in Business Administration, Finance, Statistics, Investment Management, Economics or similar field, or possession of the Chartered Financial Analyst designation, may be substituted for an undergraduate degree in a different field than described above.
• Two years of investment management experience at a position equivalent to an Investment Officer 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.

Desirable Qualifications

• Experience with quantitative investment and financial modeling for multiple asset classes and strategies.

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 of 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?

Additional Information Regarding Employment with the City and County of San Francisco:

• Information About The Hiring Process
• Conviction History
• Employee Benefits Overview  
• Equal Employment Opportunity 
• Disaster Service Worker
• ADA Accommodation
• Seniority Credit in Promotional Exams
• Veterans Preference
• Right to Work
• Copies of Application Documents
• Diversity Statement

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, Tess Bobila at Tess.Bobila@sfgov.org.

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

CONDITION OF EMPLOYMENT:  All City and County of San Francisco employees are required to be fully vaccinated against COVID-19 as a condition of employment. Someone is fully vaccinated when 14 days have passed since they received the final dose of a two-shot vaccine or a dose of a one-shot vaccine. Any new hire must present proof of full vaccination status to be appointed. Any new hire who will be routinely assigned or occasionally enter High-Risk Settings, must provide proof of having received a COVID-19 booster vaccine by March 1, 2022, or once eligible.

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.