Address
SalaryLocation: OaklandFull Time
Job ID: 62231
Job Posting
University of California Office of the President (UCOP)
Public Equity Investment Officer, Passive Investments - #62231
Position Description
For UCOP internal applicants, please login to the internal candidate gateway at: Jobs at UCOP
UC OFFICE OF THE PRESIDENT
At the University of California (UC), your contributions make a difference. We are a world leader producing Nobel and Pulitzer prize recipients with over 150 years of groundbreaking research transforming the world. Choose a career where you can leverage your knowledge, skills and aspirations to inspire and support some of the greatest minds in the world and those who will follow in their footsteps. Working at the University of California is being part of a unique institution and a vibrant and diverse community. At the University of California, Office of the President, we propel our mission through impactful work locally, in government centers and Systemwide. We are passionate people, serving the greater good.
The University of California, one of the largest and most acclaimed institutions of higher learning in the world, is dedicated to excellence in teaching, research and public service. The University of California Office of the President is the headquarters to the 10 campuses, six academic medical centers and three national laboratories and enrolls premier students from California, the nation and the world. Learn more about the UC Office of the President
DEPARTMENT OVERVIEW
The Office of the Chief Investment Officer of the Regents of the University of California (UC Investments) manages $168 billion of endowment, retirement, and working capital assets under the policies, guidelines, and performance benchmarks established by the UC Board of Regents. Our mission and our fiduciary duty compel us to always act in the best interests of the University of California and to uphold an agile and creative culture of respect and collaboration. The 10 foundational pillars of The UC Investments Way, which are outlined on our website and in our annual reports, underpin all that we do in service of the university and its stakeholders. We are long-term investors and, as such, each of us is a risk manager mindful of helping to ensure the continued vibrancy of our public research university system. Diversity, equity and inclusion are among the core values of the University of California and its investments division. Our broad and inclusive recruitment efforts center on finding the best person for the position.
POSITION SUMMARY
The hire for this role will professionally manage the passively managed Public Equity asset class to meet specified investment goals for the benefit of the Institution. This position provides oversight and management of the Public Equity class by creating and monitoring relationships with existing managers, evaluating, and selecting new external passive and ETF managers and creating risk and investment guidelines for investment managers.
RESPONSIBILITIES
50% - Portfolio Construction and Monitoring of the Passive Public Equity Portfolio
Assist in recommending portfolio construction for the passive Public Equity portfolio.
Job ID: 62231
Job Posting
University of California Office of the President (UCOP)
Public Equity Investment Officer, Passive Investments - #62231
Position Description
For UCOP internal applicants, please login to the internal candidate gateway at: Jobs at UCOP
UC OFFICE OF THE PRESIDENT
At the University of California (UC), your contributions make a difference. We are a world leader producing Nobel and Pulitzer prize recipients with over 150 years of groundbreaking research transforming the world. Choose a career where you can leverage your knowledge, skills and aspirations to inspire and support some of the greatest minds in the world and those who will follow in their footsteps. Working at the University of California is being part of a unique institution and a vibrant and diverse community. At the University of California, Office of the President, we propel our mission through impactful work locally, in government centers and Systemwide. We are passionate people, serving the greater good.
The University of California, one of the largest and most acclaimed institutions of higher learning in the world, is dedicated to excellence in teaching, research and public service. The University of California Office of the President is the headquarters to the 10 campuses, six academic medical centers and three national laboratories and enrolls premier students from California, the nation and the world. Learn more about the UC Office of the President
DEPARTMENT OVERVIEW
The Office of the Chief Investment Officer of the Regents of the University of California (UC Investments) manages $168 billion of endowment, retirement, and working capital assets under the policies, guidelines, and performance benchmarks established by the UC Board of Regents. Our mission and our fiduciary duty compel us to always act in the best interests of the University of California and to uphold an agile and creative culture of respect and collaboration. The 10 foundational pillars of The UC Investments Way, which are outlined on our website and in our annual reports, underpin all that we do in service of the university and its stakeholders. We are long-term investors and, as such, each of us is a risk manager mindful of helping to ensure the continued vibrancy of our public research university system. Diversity, equity and inclusion are among the core values of the University of California and its investments division. Our broad and inclusive recruitment efforts center on finding the best person for the position.
POSITION SUMMARY
The hire for this role will professionally manage the passively managed Public Equity asset class to meet specified investment goals for the benefit of the Institution. This position provides oversight and management of the Public Equity class by creating and monitoring relationships with existing managers, evaluating, and selecting new external passive and ETF managers and creating risk and investment guidelines for investment managers.
RESPONSIBILITIES
50% - Portfolio Construction and Monitoring of the Passive Public Equity Portfolio
Assist in recommending portfolio construction for the passive Public Equity portfolio.
- Spearhead the recommendation, selection, and monitoring of passive equity strategies, including passive implementation of thematic strategies, through ETFs and other means.
- Conduct research and analysis within the due diligence process to identify, evaluate, negotiate, and monitor the performance of the Public Equity asset class.
25% - Risk Management Assist in recommending strategy to manage risk factors across the equity portfolio (regions, sectors, foreign exchange, growth vs value, small/mid/large cap, and other equity risk premia). - Work with Public Equity team and the broader UC Investments to leverage and transfer knowledge base of strategic external relationships that inform tactical and risk decisions.
15% - Other Duties as Assigned Provide research and analytical support, as needed. - In partnership with the operations team, develop and oversee the data integrity / monitoring / reporting / transparency process and system for Public Equities.
10% - Quantitative Research Implement and develop quantitative models and perform quantitative/statistical research in stock selection, portfolio construction and risk modeling of equity portfolios. - Regularly lead and conduct investment research on the capital markets, particularly in the equity markets.
QUALIFICATIONS
Experience
5 years' experience in the investment Management industry, particularly in Public Equity.
Education - Bachelor's degree required. Master's degree and/or CFA preferred.
Travel
Ability to travel up to 25%.
SPECIAL CONDITIONS
This position is eligible for a hybrid work arrangement, but the selected candidate will be required to work onsite in Oakland, CA at least three days a week. The successful candidate also needs to be a current resident of California or if not, be willing to relocate.
SALARY AND BENEFITS
Pay scale: $215,000 - $240,000 per year
Full Salary Range: 155,000 - 324,000 per year
Internal job title: PUBL EQUITY INV OFCR. Job Code 000243.
The University of California, Office of the President, is required to provide a reasonable estimate of the compensation range for this role. This range takes into account the wide range of factors that are considered in making compensation decisions including but not limited to experience, skills, knowledge, abilities, education, licensure and certifications and other business and organizational needs. It is not typical for an individual to be offered a salary at or near the top of the range for a position. Salary offers are determined based on final candidate qualifications and experience. The full salary range shows the growth potential for this position and the pay scale is the budgeted salary or hourly range that the University reasonably expects to pay for this position.
Benefits: For information on the comprehensive benefits package offered by the University visit: https://apptrkr.com/get_redirect.php?id=4962149&targetURL=% - Portfolio Construction and Monitoring of the Passive Public Equity Portfolio Assist in recommending portfolio construction for the passive Public Equity portfolio. - Conduct research and analysis within the due diligence process to identify, evaluate, negotiate, and monitor the performance of the Public Equity asset class.
25% - Risk Management Assist in recommending strategy to manage risk factors across the equity portfolio (regions, sectors, foreign exchange, growth vs value, small/mid/large cap, and other equity risk premia). - Work with Public Equity team and the broader UC Investments to leverage and transfer knowledge base of strategic external relationships that inform tactical and risk decisions.
15% - Other Duties as Assigned Provide research and analytical support, as needed. - In partnership with the operations team, develop and oversee the data integrity / monitoring / reporting / transparency process and system for Public Equities.
10% - Quantitative Research Implement and develop quantitative models and perform quantitative/statistical research in stock selection, portfolio construction and risk modeling of equity portfolios. - Regularly lead and conduct investment research on the capital markets, particularly in the equity markets.
QUALIFICATIONS
Experience
5 years' experience in the investment Management industry, particularly in Public Equity.
Education - Bachelor's degree required. Master's degree and/or CFA preferred.
Travel
Ability to travel up to 25%.
SPECIAL CONDITIONS
This position is eligible for a hybrid work arrangement, but the selected candidate will be required to work onsite in Oakland, CA at least three days a week. The successful candidate also needs to be a current resident of California or if not, be willing to relocate.
SALARY AND BENEFITS
Pay scale: $215,000 - $240,000 per year
Full Salary Range: 155,000 - 324,000 per year
Internal job title: PUBL EQUITY INV OFCR. Job Code 000243.
The University of California, Office of the President, is required to provide a reasonable estimate of the compensation range for this role. This range takes into account the wide range of factors that are considered in making compensation decisions including but not limited to experience, skills, knowledge, abilities, education, licensure and certifications and other business and organizational needs. It is not typical for an individual to be offered a salary at or near the top of the range for a position. Salary offers are determined based on final candidate qualifications and experience. The full salary range shows the growth potential for this position and the pay scale is the budgeted salary or hourly range that the University reasonably expects to pay for this position.
Benefits: For information on the comprehensive benefits package offered by the University visit: https://apptrkr.com/get_redirect.php?id=4962149&targetURL=
Full Salary Range: 155,000 - 324,000 per year
Internal job title: PUBL EQUITY INV OFCR. Job Code 000243.
The University of California, Office of the President, is required to provide a reasonable estimate of the compensation range for this role. This range takes into account the wide range of factors that are considered in making compensation decisions including but not limited to experience, skills, knowledge, abilities, education, licensure and certifications and other business and organizational needs. It is not typical for an individual to be offered a salary at or near the top of the range for a position. Salary offers are determined based on final candidate qualifications and experience. The full salary range shows the growth potential for this position and the pay scale is the budgeted salary or hourly range that the University reasonably expects to pay for this position.
Benefits: For information on the comprehensive benefits package offered by the University visit: Benefits of Belonging
HOW TO APPLY
Please be prepared to attach a cover letter and resume with your application.
APPLICATION REVIEW DATE
The first review date for this job is January 4, 2024. The position will be open until filled.
CONDITIONS OF EMPLOYMENT
Background Check Process: Successful completion of a background check is required for this critical position. Background check process at UCOP
Smoke Free Work Environment: The University of California, Office of the President, is smoke & tobacco-free as of January 1, 2014. UC Smoke & Tobacco Free Policy
August 2021 Update: The University of California has issued a policy requiring employees to be fully vaccinated against COVID -19 before physically accessing the University location or programs. Upon hire into a UCOP position, you will be provided detailed instructions on how to comply with this policy including access to the COVID vaccination at no cost. New hires to UCOP who work onsite or will come onsite for any activities at a UCOP or other UC location must comply with this policy within 8 weeks after their start date. The policy allows for employees to request approval for an exception or deferral. UC COVID-19 Vaccine Policy
EEO STATEMENT
The University of California, Office of the President, is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age or protected veteran status. EEO/AA Employer UC Nondiscrimination Policy
The University of California, Office of the President, strives to make this job board accessible to any and all users. If you have comments regarding the accessibility of our website or need assistance completing the application process, please contact us at: Accessibility or email the Human Resource Department at: epost@ucop.edu.
To apply, visit https://careerspub.universityofcalifornia.edu/psp/ucop/EMPLOYEE/HRMS/c/HRS_HRAM.HRS_APP_SCHJOB.GBL?Page=HRS_APP_JBPST&Action=U&FOCUS=Applicant&SiteId=19&JobOpeningId=62231&PostingSeq=1
jeid-70faee62bd85144c8f46c85cdda0b3b4
Create new passive investment strategies with external partners, improving portfolio's risk/return at low cost. Conduct independent research and analysis in the due diligence process to identify and monitor thematic trends.
Monitor Public Equity markets and identify industry trends and market intelligence and communicate the findings of such insights.
Lead projects and assignments, as requested. These projects may include, but are not limited to, providing performance attribution, creating presentation materials, providing project management and drafting memos and letters.
Provide additional support to the broader organization and other asset classes.
Assist in implementing and maintaining operations of investment strategies across all of the Public Equity portfolios. Assure that all aspects of each portfolio are in compliance with the investment policies and guidelines as approved by the Board of Regents, as well as standards required by the Chief Investment Officer.
Help oversee quantitative analysis of the Public Equity portfolio including separation of alpha and systematic risk factor attribution.
Spearhead the recommendation, selection, and monitoring of passive equity strategies, including passive implementation of thematic strategies, through ETFs and other means.
Create new passive investment strategies with external partners, improving portfolio's risk/return at low cost. Conduct independent research and analysis in the due diligence process to identify and monitor thematic trends.
Monitor Public Equity markets and identify industry trends and market intelligence and communicate the findings of such insights.
Lead projects and assignments, as requested. These projects may include, but are not limited to, providing performance attribution, creating presentation materials, providing project management and drafting memos and letters.
Provide additional support to the broader organization and other asset classes.
Assist in implementing and maintaining operations of investment strategies across all of the Public Equity portfolios. Assure that all aspects of each portfolio are in compliance with the investment policies and guidelines as approved by the Board of Regents, as well as standards required by the Chief Investment Officer.
Help oversee quantitative analysis of the Public Equity portfolio including separation of alpha and systematic risk factor attribution.
