Retirement Deputy Chief Investment Officer- Office of Retirement Services

Salary: $ - $ Annually
Location : San Jose Metropolitan Area
Job Type: Full-Time
Job Number:
DEPART: Retirement Services
Opening Date: 06/22/2026
Closing Date: 7/22/2026 11:59 PM Pacific

Our diverse and inclusive workforce of more than 7,000 employees play a key role in the success of San José, the heart of the Silicon Valley. All City of San José employees work together as one team to make San José a vibrant, innovative, and desirable place to live and work. Visit to learn more about our One Team Leadership Values and Expectations, including quality and excellent customer service and here to learn more about San José.

The City of San José is an equal opportunity employer. Applicants for all job openings will be considered without regard to age, race, color, religion, sex, national origin, sexual orientation, disability, veteran status or any other consideration made unlawful under any federal, state or local laws. The City of San José is committed to offering reasonable accommodations to job applicants with disabilities.

If you need assistance or an accommodation due to a disability, please contact us at , 711 (TTY), or via email at City Careers.
About the Department

The City of San José, the Capital of Silicon Valley, is one of the nation's best managed cities and one of the top ten cities in which to live, work, and do business. Moreover, San José is the center of cultural, government, and economic activity for the region. The employees of the City of San José have embraced the following values:
Integrity, Innovation, Excellence, Collaboration, Respect, and Celebration.

The mission of the (ORS) is to deliver accurate and timely retirement benefits and services while prudently managing the assets entrusted to us with integrity, accountability, and a long-term vision.

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

The Office of Retirement Services is seeking an exceptionally talented, strategic, and collaborative investment executive to serve as Deputy Chief Investment Officer (DCIO). The DCIO will assist the Chief Investment Officer (CIO) in the administration and leadership of the Investment Division, act on behalf of the CIO in the CIO's absence, and will play a critical role in supporting the management of the retirement portfolios for the Federated City Employees' Retirement System and the Police and Fire Department Retirement Plan.

Under administrative direction of the CIO, the DCIO will provide executive leadership and operational oversight for the Investment Team and Investment Operations Team. The DCIO will support implementation of investment strategies, governance initiatives, compliance oversight, portfolio monitoring, risk management, and operational excellence across the division.

The DCIO will report directly to the Chief Investment Officer and will oversee the following direct reports:

• Senior Investment Officer (1)

• Investment Officers (3)

• Investment Analysts (2)

• Investment Operations Supervisor (1)

• Financial Analyst (1)

• Staff Specialist (1)

Responsibilities include, but are not limited to:

• Assist the CIO in planning, developing, and executing long-term investment strategies for the City's retirement systems.

• Direct and supervise investment and investment operations staff.

• Monitor 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.

• Assist with personnel administration, including recruitment, performance evaluations, staff development, and resource allocation.

• Ensure compliance with Investment Policy Statements, governance standards, and applicable regulations.

• Provide…