Investment Officer, Fixed Income

The CalSTRS Investments Branch is seeking an experienced individual to work as an Investment Officer I on the Fixed Income team.

The Fixed Income Unit is dedicated to maximizing risk-adjusted total return within a multi-asset class portfolio. They provide value through innovative/active asset allocation and bond selection by taking advantage of internally and externally managed strategies. The fixed income portfolio is managed using both enhanced and active strategies. In addition, several portfolios and programs including Treasury Inflation Protected Securities, RMS Long Duration Treasuries, Cash Management, Securities Lending and Currency Management reside within the Fixed Income unit.

Under the direction of the Portfolio Manager, the Investment Officer I is responsible for assisting in the analysis and trading of Commercial Mortgage-Backed Securities (CMBS) and agency Mortgage-Backed Securities (MBS) within the Structured Products Sector of the Fixed Income Portfolio. At this level, the incumbent is given their first delegation of trading authority (based on the strategy developed by the Portfolio Manager).

The ideal candidate will possess the following skills:

• Undergraduate degree in finance, economics, mathematics, or other similar technical field
• Experience trading and/or analyzing Commercial Mortgage-Backed Securities and agency Mortgage-Backed Securities
• Knowledge of investment principles
• Strong understanding of financial statements and accounting concepts.
• Strong mathematical and economic skills including statistics.
• Ability to communicate with tact, sensitivity, and personal awareness with internal and external customers during stressful working conditions (e.g., noise, tight deadlines, workload, and large transactions).
• Ability to communicate ideas, thoughts, and facts orally and in writing; organizes ideas clearly; tailors communications to effectively reach an audience.
• Ability to work effectively as an individual and as part of a team to support team, unit, and Investments Branch goals.
• Ability to acquire, filter, cleanse and analyze complex data sets.
• Ability to carry out open-ended assignments where there are no written instructions and solve problems that have no precedent.
• Demonstrated ability to work effectively on a team, communicate workload management issues, and escalate problems that pose potential risk.
• Ability to ensure work and information are complete and accurate; carefully prepare for meetings and presentations; follow up with others to ensure that agreements and commitments have been fulfilled
• Ability to effectively work with Microsoft Outlook, Excel, and to quickly learn other software.

An incumbent who possesses a professional certification as a Chartered Financial Analyst (CFA) may receive a 5% monthly base pay differential.

Every 12 months, based on performance evaluation, employees may receive a 5% salary increase until they reach the maximum salary for the position.