Head of Securitized and Rates, Global Fixed Income

DirectorFixed IncomeHybrid
Location

Sacramento, United States

Compensation

$20,062.50 - $33,437.50 monthly (Investment Director classification), plus 0-120% annual incentive and long-term incentive after 5 years

Date Posted

August 21, 2026

Region

Americas

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About This Role

Role Overview

CalPERS, the nation's largest public pension fund with approximately $656.35 billion in assets, is hiring an Investment Director to head its Securitized and Rates strategy within the Global Fixed Income program.

Key Details

- Classification: Investment Director, Public Employees' Retirement System

- Work Location: Sacramento County (Hybrid telework)

- Job Type: Permanent, Full Time

Compensation

- Monthly salary range: $20,062.50 – $33,437.50 (approx. $240,750–$401,250 annualized)

- Eligible for an annual incentive award of 0–120% of salary based on performance measures

- Long-term incentive program offering an additional 0–120% of base salary beginning after five years, contingent on absolute total fund returns meeting or exceeding board-approved thresholds

About CalPERS

Headquartered in downtown Sacramento, CalPERS is a global institutional investor with an international reputation for leadership and innovation in investment management, guided by its stated Mission, Vision, and Investment Beliefs.

Visit the original CalPERS posting (Job Code JC-529023) for the complete list of duties and minimum qualifications.

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