Public Equity Investment Officer - Active Investments

University of California Office of the President (UCOP)

Public Equity Investment Officer - Active Investments

Position Description

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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 actively 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 managers and creating risk and investment guidelines for internal and external managers.

RESPONSIBILITIES

50% - Portfolio Construction and Selection/Monitoring of Quantitative and Fundamental Active Managers

* Assist in recommending the public equity portfolio construction, including quantitative and fundamental active strategies.

* Spearhead the recommendation, selection and monitoring of quantitative alpha strategies, fundamental active strategies and quantitative strategies that are non-market cap weighted (such as risk factor approaches).

* Create new quantitative and qualitative active investment strategies with external partners, improving portfolio's risk/return in a cost-efficient manner.

* Conduct independent fundamental research and analysis in the due diligence process to identify and monitor the performance of active fund managers and investments.

* Monitor fundamental research and identify industry trends and market intelligence and communicate the findings of such insights.

* Lead due diligence within the research process on active investments in the current portfolio or under consideration.

* Conduct research and analysis within the due diligence process to identify, evaluate, negotiate and monitor the performance of the active 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).

* Monitor the equity risk factor exposures in Public Equities on a regular basis.

* Work with the Public Equity team and across the broader UC Investments groups to leverage and transfer knowledge of strategic external relationships which inform tactical and risk decisions.

15% - Other Duties as Assigned

* These projects may include, but are not limited to, the following: Provide performance attribution, create presentation materials, provide project management and draft memos and letters.

* Provide additional support to the broader organization and other asset classes.

* Implement and maintain investment strategies across all of the active 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 and with the standards required by the Chief Investment Officer.

* In partnership with the operations team, develop and oversee the data integrity / monitoring / reporting / transparency process and system for actively managed Public Equities.

* Provide research and analytical support, as needed.

* Lead projects and assignments, as requested.

10% - Quantitative Research

* Implement and develop quantitative models and perform quantitative/statistical research in stock selection, portfolio construction and risk modeling of equity portfolios.

* Help oversee quantitative analysis of equity managers, including separation of alpha and systematic risk factor attribution.

* Regularly lead and conduct investment research on the capital markets, particularly in the equity markets.

QUALIFICATIONS

Experience

*F Five (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. The selected candidate will be required to work onsite in Oakland, CA at least three days per week. The hire will be a current resident of California or be willing to relocate to California.

SALARY AND BENEFITS

Pay scale: $223,000 - $250,000 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: 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, October 29th, 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

"As a condition of employment, you will be required to comply with the University of California Policy on Vaccination Programs, as may be amended or revised from time to time. Federal, state, or local public health directives may impose additional requirements."

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

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