Retirement Deputy Chief Investment Officer- Office of Retirement Services
About The Position
The City of San José, the Capital of Silicon Valley, is one of the nation’s best managed cities and one of the top ten cities in which to live, work, and do business. The mission of the Office of Retirement Services (ORS) is to deliver accurate and timely retirement benefits and services while prudently managing the assets entrusted to us with integrity, accountability, and a long-term vision. The Office of Retirement Services is seeking an exceptionally talented, strategic, and collaborative investment executive to serve as Deputy Chief Investment Officer (DCIO). The DCIO will assist the Chief Investment Officer (CIO) in the administration and leadership of the Investment Division, act on behalf of the CIO in the CIO’s absence, and will play a critical role in supporting the management of the retirement portfolios for the Federated City Employees’ Retirement System and the Police and Fire Department Retirement Plan. Under administrative direction of the CIO, the DCIO will provide executive leadership and operational oversight for the Investment Team and Investment Operations Team. The DCIO will support implementation of investment strategies, governance initiatives, compliance oversight, portfolio monitoring, risk management, and operational excellence across the division.
Requirements
- Bachelor’s Degree from an accredited college or university in Finance, Economics, Financial Engineering, Accounting, Business/Public Administration, or a related field.
- Six (6) years of progressively responsible senior-level leadership experience in investment management or financial operations in a public agency or a financial institution.
- This position requires disclosure of outside investments, real property interests, income, and business positions.
Nice To Haves
- A Master’s degree in a related field may substitute for one (1) year of required experience.
- Chartered Financial Analyst (CFA)
- Chartered Alternative Investment Analyst (CAIA)
- Experience overseeing institutional investment portfolios across multiple asset classes.
- Experience with pension fund governance, fiduciary oversight, and public retirement systems.
- Knowledge of investment operations, compliance, and risk management practices.
- Strong leadership and personnel management experience.
- Experience working with investment consultants, custodians, investment managers, and governing boards.
Responsibilities
- Assist the CIO in planning, developing, and executing long-term investment strategies for the City’s retirement systems.
- Direct and supervise investment and investment operations staff.
- Monitor investment portfolios, asset allocation targets, investment manager performance, and risk exposures.
- Provide strategic leadership on governance, fiduciary compliance, and investment policy implementation.
- Oversee investment operations, performance analytics, risk monitoring, and reporting processes.
- Coordinate strategic projects and cross-functional initiatives.
- Represent the Office of Retirement Services in meetings with consultants, investment managers, Retirement Boards, and City leadership.
- Assist with personnel administration, including recruitment, performance evaluations, staff development, and resource allocation.
- Ensure compliance with Investment Policy Statements, governance standards, and applicable regulations.
- Provide staff support to Retirement Boards and City Council as needed.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
