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INVESTMENT RISK MANAGEMENT OFFICER

Location: OaklandFull Time
Job ID: 50821
Job Posting

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UC OFFICE OF THE PRESIDENT

At the University of California (UC), your contributions make a difference. 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 ('UC Investments') 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. The Chief Investment Officer has full investment discretion, while the Regents retain responsibility for Asset Allocation and Investment Guidelines.

Position Summary
The Investment Risk Management Officer supports multiple stakeholders within UC Investments by systematizing the storage and reporting of data from various data sources within and outside of the firm. This includes risk data, performance data, and a growing number of external datasets for our private investments in real estate, real assets, hedge funds, private credit, and private equity. This role will work in close collaboration with the Risk and Data teams to build pipelines to store this data in a data warehouse and develop reports to expose this information to the relevant stakeholders, including the Chief Investment Officer (CIO) and Chief Operating Officer (COO). They will take over the existing Python/pandas-based data framework and improve and expand on its capabilities. The individual in this role will be the main point of contact to:

Manage a Python-based infrastructure to automate data aggregation and reporting across numerous asset classes for a variety of needs - i.e. liquidity analysis, risk management, performance analysis, and data reconciliation.

Oversee monthly risk reporting and updates to risk models on an ongoing basis.

Enhance reporting capabilities by leveraging data visualization platforms like Power BI or Tableau or thru report generation frameworks like R Markdown.

Engineer solutions to add new datasets to the data warehouse and integrate them with existing tools and provide ongoing support for these processes.

Develop internal reports and analytical tools as needed to assist investment staff and CIO/COO to monitor and review performance.

The hire will support the office by:

Developing a thorough understanding of our governing body, stakeholders, portfolio structures, benchmarks and systems; identifying and applying ways to challenge/improve current processes to increase efficiency and data accuracy throughout the UC Investments.

Communicating and collaborating across the organization to understand the data sources and reporting needs of the office.

This position is based in Oakland, CA and eligible for a hybrid work arrangement.

Key Responsibilities

• 50% Data Infrastructure Management and Maintenance: Oversee design and implementation of data infrastructure under the direction of the Risk team and in collaboration with the Data team. Manage automated processes that gather data from a growing number of sources and ensure data consistency in the risk data warehouse. Add automated reporting processes that utilize a variety of tools, such as AWS EC2 hosts, PDF generation tools, automated emails, or Jupyter notebooks. Ensure accuracy of data, reporting, and dashboards on a daily basis. Leverage new reporting tools to expand the Risk and Data team's abilities to visualize data and distribute it within UC Investments.
• 30% Risk Management Models & Reporting: Maintain and enhance automated risk reporting process that gathers data from risk model vendor and generates reports. Maintain private asset risk models by updating them on a regular basis. Participate in monitoring the portfolio for factor tilts, tracking error, or idiosyncratic risks.
• 15% Project Management: Work with the Data team to evaluate new data vendors and manage existing relationships. Work with Data team to architect new solutions to business needs using available or prospective tools. Track and communicate status related to working initiatives.
• 5% Ad hoc Requests: Service ad-hoc requests for performance, risk, or investment data as needed by senior leadership.

Experience
Required Qualifications

• Min 7 years of related experience in data aggregation, management, and reporting, preferably with Python and pandas.

Skills and Abilities
Required Qualifications

• Knowledge of SQL and relational database systems such as MySQL, Postgres, or SQL Server.
• Experience developing in a *nix environment including automation, development environment management, and shell scripting.
• Familiarity with visualization tools such as Jupyter notebooks, matplotlib, R Markdown, or BI tools like Power BI and Tableau.
• Knowledge of risk and performance metrics such as investment performance, volatility, tracking error, beta, correlation, and information ratio.
• Familiarity with factor-based risk models such as Blackrock Aladdin, Axioma, or MSCI Barra.
• Proven experience with project management across a variety of stakeholders.
• Excellent communication and presentation skills - ability to communicate complex and technical information and concepts to the layman.

Preferred Qualifications

• Strong familiarity with fundamental investment data such as revenue, earnings, EBITDA, leverage, P/E and EV/EBITDA multiples, and fixed income metrics such as yield, spread, duration, and credit ratings.
• Experience with basic derivatives such as futures, options, and swaps.
• Understanding of portfolio construction, asset allocation, and manager selection from an asset owner perspective.
• Interest in global capital markets and macroeconomics as it relates to managing the pension, endowment, and working capital.
• Experience in financial services is a plus.
• Familiarity with VBA is a plus.

Education
Required Qualifications

• Bachelor's degree in a related area.

Preferred Qualifications

• MBA or advanced degree in Finance.

Licenses and Certifications
Preferred Qualifications

• Chartered Financial Analyst CFA

Job Title
Investment Risk Management Investment Officer
Job Code
000257

Salary Grade
Grade 46

Payscale:
$202,000 - $231,000

Full Salary Range:
$144,200 - $301,400

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.

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 April 7, 2023. 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=50821&PostingSeq=1







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