Retirement Deputy Chief Investment Officer- Office of Retirement Services

About the role

The City of San José is seeking an exceptionally talented, strategic, and collaborative investment executive to serve as Deputy Chief Investment Officer (DCIO).

Responsibilities

• Aid in planning, developing, and executing long-term investment strategies for the City’s retirement systems.
• Direct and supervise investment and investment operations staff.
• Maintain oversight of 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.
• Support 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.

Requirements

The ideal candidate will possess the following desirable qualifications:

• 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.

Qualifications

• Education: Bachelor’s Degree from an accredited college or university in Finance, Economics, Financial Engineering, Accounting, Business/Public Administration, or a related field.
• Experience: Six (6) years of progressively responsible senior-level leadership experience in investment management or financial operations in a public agency or a financial institution. A Master’s degree in a related field may substitute for one (1) year of required experience.

Skills

The ideal candidate will possess the following desirable qualifications:

• 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.

Benefits

The City of San José offers a comprehensive benefits package including health insurance, retirement plans, and paid time off.

Pay

The salary range for the Deputy Chief Investment Officer classification is $236,250.04 - $314,999.88 paid annually. This salary range includes an approximate five percent (5%) ongoing non-pensionable compensation pay.

Schedule

The schedule for this position is typically full-time, with occasional evening and weekend work as needed.