Organizational Area: Office of the Chief Investment Officer
Location: Oakland, CA
Posting Salary: Salary commensurate with education and experience.
Position Summary: The Office of the Chief Investment Officer is responsible for managing the University of California's retirement, endowment, working capital, and cash assets under the policies, guidelines, and performance benchmarks established by the Regents. The mission of the Office is to implement those policies and guidelines by selecting, executing, and monitoring investment strategies designed to add value over the benchmarks within a risk-controlled framework.
The Office adheres to high ethical as well as professional standards in serving the investment management needs of its constituency and the Chief Investment Officer has full investment discretion while the Regents retain responsibility for Asset Allocation and Investment Guidelines.
The position applies professional concepts and skills to provide leadership, research and analysis in support of UC's commitment to continuing to be a leader in sustainable investment and diversity. In cooperation with the Chief Investment Officer, Chief Operating Officer, and other UC Office of the Chief Investment Officer staff, UC Office of the President and campus stakeholders, provides innovative solutions to achieve these goals.
The role also collaborates with asset class heads and investment staff to further refine implement the framework on sustainable investments, and works to aid adoption and implementation of best practices across the Office of the Chief Investment Officer.
Special Conditions of Employment: Travel Travel outside of normal business hours
Other Special Conditions of Employment: Successful completion of a background check is required for this critical position.
Position requires annual filing of State of Economic Interests (Form 700)
Job Close Date:
Duty 1: Diversity in Investments: - Drive the UC Investments Diversity initiatives focused on increasing diversity of corporate boards, external managers and UC Investments staff. - Collaborate with Institutional Investors and University of California representatives, including the Chief Diversity/Equal Employment Opportunity Officer, on diversity efforts and UC Investments Diversity initiatives. - Attend conferences meeting with various diversity groups and develop communication and information on diversity (not limited to gender, ethnicity, and sexual orientation) of investment staff, external managers, and the investment portfolio for continuing the implementation of the UC Investments Diversity initiatives. - Core Function: Drive the strategy for the Office of the Chief Investment Officer (UC Investments) Sustainability efforts including establishing and leading proxy voting, engagement, and Environment, Social and Governance (ESG) integration policies and initiatives that result in added investment value to UC Investments fund. Function:Diversity in Investments: Percent: 25
Duty 2: Stakeholder Engagement: - Work independently and in conjunction with investment staff on - stakeholder concerns and external inquiries regarding environmental, climate change, social, governance, and geopolitical issues. - Liaise with University of California Government Relations to coordinate investment analysis and other meetings on legislation affecting the UC Investments portfolio on In-State investment issues. - Portfolio Company Engagement: Lead and participate in global shareholder initiatives, including coordination of research and engagement with external partners such as institutional shareholders, proxy advisory firms and the broader ESG investment community to improve alignment of interest and enhancement of ESG risk considerations at portfolio companies. Lead and develop collaborations with other institutional shareholders for engagements with specific portfolio companies on proxy and ESG issues. Function:Stakeholder Engagement: Percent: 25
Duty 3: Investment Management: - Be a key contributor to asset class team discussions on merits and risks of an investment. In addition, bring investment ideas and or opportunities to the asset class teams for discussion and review. Have meaningful comments on investment opportunities and demonstrate sound investment decision making skills. - Conduct independent fundamental research and analysis in the due diligence process to identify and monitor the performance of fund managers and co-investments. - ESG Integration: Acts as a resource to all asset classes in reviewing investment strategies for sustainability risk and opportunity. Works with each asset class to develop and improve upon procedures regarding identifying and integrating material ESG considerations into manager selection and monitoring. Function:Investment Management: Percent: 10
Duty 4: Other Roles and Responsibilities: - Prepare reports and agenda items for and make presentations to the UC Board of Regents and Investments Subcommittee. - Prepare annual UC Investments Sustainability report as well as ad hoc reports and agenda items including, but not limited to, policy revisions, updates on Sustainability activity, and special studies. - Ensure that the sustainability program has relevant resources (proxy advisory vendors, infrastructure and technology) to support its effective functioning. - Serve as a voice and active thought leader on Sustainability issues, both in public forum and with corporate directors and executives, investors, regulators, media, and other market participants. - Lead or participate in UC Investments project teams, committees, or special initiatives as directed. Function:Other Roles and Responsibilities: Percent: 10
Duty 5: Management and Supervision: - Provide leadership of UC fellows and, as necessary, external managers, consultants and advisors for Sustainability related initiatives. Set objectives and performance standards; monitor and evaluate performance and achievement of objectives. Function:Management and Supervision: Percent: 10
Duty 6: Regularly collaborates with peers from other institutional investors, including pensions, endowments, and sovereign wealth funds, to identify best practices, as well as communicate UC's strategy for, and approach to, sustainable investment.
Develop annual sustainability report for both internal and external distribution. - Proxy Voting Related Activities: Responsible for the day-to- day proxy vote execution and delivery, individual company proxy analysis, review of portfolio company governing documents, and the monitoring of specific companies' governance progress over multi-year periods. Function:Other Duties Percent: 20
Job Requirements Bachelor's degree in related area and minimum of five years of experience and/or equivalent experience/training.
Demonstrated knowledge in the area of environmental sustainability and policy, specifically in the areas of sustainable investing and ESG.
Demonstrated leadership skills and ability to influence in an organization.
Demonstrated leadership skills and ability to influence in an organization.
Demonstrated ability to establish good working relationships at all levels of an organization as well as with external institutions and agencies.
About us 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 corporate headquarters to the ten campuses, five medical centers and three Department of Energy National Labs and enrolls premier students from California, the nation and the world.
The University of California is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, age or protected veteran status.