CalPERS – Total Fund Portfolio Management – Investment Officer II or III – Market Risk Investment Analyst

May 7, 2026 | CareersPosition SummaryOur Investment Office is currently seeking an Investment Officer (IO) II or III for enhancing and developing asset allocation and risk analytics tools to support the management of the total portfolio. Under the direction of the Associate Investment Manager, the IO conducts quantitative analyses to evaluate the impact of investment strategies, oversees the use of statistical and optimization models, and prepares data-driven reports for portfolio management teams.Department InformationCalifornia Public Employees’ Retirement System (CalPERS) is a global institutional investor and the nation’s largest public pension fund, with assets of approximately $604.49 billion as of March 9, 2026. Headquartered in downtown Sacramento, we are a destination employer with an international reputation for leadership and innovation. At CalPERS, we’re committed to people – the people we serve, our team members, and the larger community around us. CalPERS is situated near Napa Valley, San Francisco, Lake Tahoe, and other desirable destinations, and we offer competitive benefit packages, compensation, and opportunities for advancement. Our people are deeply committed to our Mission & Vision and their decisions and actions are guided by our Investment Beliefs.———POSITION DETAILS