Chief Investment Officer

WHO WE ARE: At the Teacher Retirement System of Texas our members are our mission. We are the largest public retirement system in Texas and the sixth largest in the nation. In FY 2025, TRS paid over $14.2 billion in retirement benefits to 523,657 retirees and their beneficiaries. Our sole mission is Improving the retirement security of our members by prudently investing and managing the Trust assets and delivering benefits that make a positive difference in their lives.

With the Investment Management Division (IMD) you will be joining a group of achievers who celebrate the unique value individuals bring to support our shared cause: earning trust and contributing to the financial future of more than 2 million public education employees and retirees throughout Texas. Navigating the markets takes innovation and we’re passionate about stewarding the right investments to make an impact both in the lives of our members and all Texans.

We invite you to partner with some of the best financial minds in the business to manage a global portfolio of over $250 billion in public and private investments across 15 asset classes. Our success starts with you. The Chief Investment Officer is responsible for providing strategic leadership and executive oversight of the Teacher Retirement System Investment Management Division and the investment portfolio.

The incumbent will lead investment strategy, oversee division operations and staff, advise the Board of Trustees, Executive Director, and other relevant parties on investment-related matters and uphold fiduciary responsibility for the prudent management of TRS assets in collaboration with IMD and stakeholders.

WHAT YOU WILL DO

Strategic Oversight and Agency Representation Provide executive leadership for the Investment Management Division, aligning investment strategy with the agency’s long-term obligations, risk tolerance, funding objectives, and operational needs. Advise the Board of Trustees and Executive Council on asset allocation, portfolio structure, risk capacity, and expected outcomes for the pension trust fund.

Oversee execution of the Investment Policy Statement and applicable policies, laws, and rules. Establish an investment philosophy that promotes accountability, evaluates emerging strategies, and strengthens portfolio performance and sustainability. Maintain strong connections across the finance and investment community while leading development of the strategic investment plan, divisional budget, and legislative appropriation requests.

Operational Execution Direct implementation of the Investment Policy Statement, ensuring strategies, objectives, and performance expectations remain aligned with Board-approved goals and risk parameters. Oversee performance measurement, monitoring, and reporting to evaluate results, manager effectiveness, and portfolio compliance.

Set clear objectives, define responsibilities, and ensure effective oversight across investment operations. Manage procurement, contracting, and performance of investment service providers, consultants, and vendors. Maintain a strong internal control and compliance framework that supports sound governance and adherence to applicable requirements.

Stakeholder Engagement Governance Serve as the principal investment advisor to the Board of Trustees, Board committees, and Executive Director. Build trusted relationships with internal and external stakeholders while presenting recommendations, results, market analyses, risk assessments, and policy matters in a clear and decision-useful manner.

Talent Management Lead succession planning, employee development, workforce engagement, and performance management across the division. Build leadership capacity and support succession readiness for critical investment and operational roles. Recruit, develop, mentor, and evaluate management staff while promoting accountability, integrity, collaboration, continuous improvement, and organizational excellence.