Assistant Investment Officer - Office of the City Treasurer - 655 (Unclassified)

Full Job Description

The Assistant Investment Officer (AIO) is a hybrid position within the City’s Investment Division, with a combination of on-site and remote work, reporting to the Chief Investment Officer and working alongside a Senior Investment Officer, a fellow Assistant Investment Officer, and a Senior Management Analyst.

The AIO supports the management of the City’s short-duration fixed income portfolios while also contributing to the Division’s broader operational functions.

This role is well-suited for a fixed income professional who is looking to grow their career in public sector investment management.

Key Areas of Responsibility:

• Perform credit analysis of corporate bonds and money market instruments, credit risk monitoring, and portfolio exposure analysis.
• Support trading activities and assist in portfolio management, including trade execution, securities settlement, and ongoing monitoring of portfolio positioning.
• Assist in portfolio accounting reconciliation, including with the investment accounting system, Sympro.
• Contribute to month-end reporting, and compliance tasks.
• Reinforce the Division’s operational resilience by supporting banking and merchant credit card processes—overseeing contracts, preparing RFPs, reconciling and approving invoices, and liaising with City departments, Information Technology, ERP, and external banking and processing firms.

Minimum Qualifications:

• Bachelor’s degree in finance, economics, or a related field; CFA designation or MBA preferred and
• 5-7 years of professional experience in the investment management field.

Qualifications:

The ideal candidate will possess the following qualifications:

• Experience investing in and managing short-duration fixed income portfolios, including corporate bonds, government and agency securities, asset-backed securities (ABS), and money market instruments, with a demonstrated understanding of interest rate risk, duration management, and yield curve positioning.
• Proficiency in credit analysis of investment-grade corporate bond and money market instruments including evaluation of issuer financial statements, credit metrics, covenant structures, and spread analysis, as well as familiarity with the analysis of structured products such as asset-backed securities (ABS).
• Hands-on fixed income trading experience, including familiarity with trade execution, settlement processes, and best execution practices; intermediate to advanced proficiency in Microsoft Excel for portfolio analytics, scenario modeling, and reporting; and working knowledge of the Bloomberg Terminal for security screening, pricing and relative value analysis.
• Knowledge of fixed income portfolio compliance monitoring, liquidity management, and risk reporting relevant to public fund investment guidelines; experience with investment accounting or portfolio management systems (e.g., Sympro, BondEdge, or similar); and some familiarity with regulatory frameworks governing public entity investments.

Benefits:

The City offers a robust benefits package that includes:

• Defined retirement plan, including pension reciprocity, dependent on an employee’s eligibility status (new hire, rehire, etc.).
• A wide variety of cafeteria-style health and wellness plans or in-lieu cash waiver.
• 11 paid City holidays per calendar year and 1 floating holiday per fiscal year.
• Approximately 176 hours of paid annual leave for an employee’s first 15 years of service, and approximately 216 hours for 16+ years of service.
• Up to 24 hours of paid discretionary leave per fiscal year.
• Up to 320 hours of paid Parental Leave per childbirth or placement of a child.
• Up to 40 hours of paid Bereavement Leave per fiscal year.
• Tuition reimbursement up to $2,000 per fiscal year, and complimentary LinkedIn Learning professional development opportunities.
• Free transit pass (including MTS Trolley, MTS Bus, and all Rapid and Rapid Express bus services).
• Access to premier City golf courses at a discounted rate.
• Reduced-rate fitness center memberships.
• City-paid life insurance.

For additional details, please review the Benefits Summary for Unclassified Employees (Download PDF reader) or contact the Benefits Division of the Risk Management Department at (619) 236-5924.

The Department:

The Office of the City Treasurer is responsible for all City revenue, banking and cash management, tax administration, parking administration and meter operations, and the collection of Citywide delinquent accounts.

The Office also issues Short-Term Residential Occupancy (STRO) licenses and Sidewalk Vending permits.

The City Treasurer’s divisions include Business Operations, Investments, Revenue Collections, Financial Operations, and Treasury Systems.

The Office of the City Treasurer is instrumental in maintaining fiscal accountability and safeguarding the financial interests of San Diego. For more information, please visit this link.

The City:

With more than 1.4 million residents, the City of San Diego is the eighth largest city in the United States and the second largest in California.

The City of San Diego’s strong economy, diverse population, great educational institutions, unsurpassed quality of life, and world-renowned location make it the ideal place to work, live, and play.

With its great weather, miles of sandy beaches, and major attractions, San Diego has something to offer for everyone.

The City’s Mission, as stated in the Strategic Plan is “Every day we serve our communities to make San Diego not just a fine city, but a great City.” The City’s Vision is "Opportunity in every neighborhood, excellent service for every San Diegan".

As one of the region’s largest employers, the City of San Diego employs nearly 13,000 highly dedicated employees and has a combined Fiscal Year 2025 operating and capital budget of approximately $5.65 billion. Additional information about the City of San Diego can be found on the City’s website.

Pre-Employment Requirements and Screening Process: Employment offers are conditional, pending the results of all screening processes applicable to the position.

All the processes required by the City of San Diego must be successfully completed before employment begins.

Please refer to the City’s pre-employment requirements and screening process webpage for additional information.

Nothing in this job posting constitutes or should be construed as part of an express or implied contract for employment with the City of San Diego.

Resumes will be screened according to the qualifications outlined above and the most qualified candidates will be invited to interview.

The City of San Diego has an active Equal Opportunity/ADA Program for employment and vigorously supports diversity in the workplace.

Click Here to Apply: https://jobs.sandiego.gov/job-invite/655/