Compliance & Risk Officer

The California Public Employees’ Retirement System (CalPERS) is the nation’s largest public pension fund, providing retirement and health benefits to public employees, retirees, and their families. Headquartered in downtown Sacramento, we are a destination employer with an international reputation for leadership and innovation. At CalPERS, we’re committed to people – the people we serve, our team members, and the larger community around us. CalPERS is situated near the Napa Valley, San Francisco, Lake Tahoe, and other desirable destinations, and we offer competitive benefit packages, compensation, and opportunities for advancement.

If you are interested in becoming part of a diverse and inclusive workforce where talent, experience, and expertise are valued, CalPERS invites you to apply for this employment opportunity. To find out more about our Diversity, Equity, and Inclusion efforts, visit our website!

This position is being re-advertised. If you previously applied, your application is still being considered and you do not need to re-apply.

Anticipated Interview Dates: We anticipate holding in-person interviews beginning the week of December 8, 2025. We look forward to meeting with you!

Telework Information: Act quickly to apply for this hybrid position, where you’ll enjoy up to 40% (two days) remote work, each week!

Sponsorship: This position is not eligible for visa sponsorship. Applicants must be authorized to work in the United States without the need for visa sponsorship. CalPERS does not participate in E-Verify for employment authorization purposes.

Effective July 1, 2025, The California Department of Human Resources (CalHR) implemented the Personal Leave Program 2025 (PLP 2025). PLP 2025 directs that each employee shall receive a 3 percent reduction in pay in exchange for 5 hours PLP 2025 leave credits, monthly. The salary range(s) included in the job advertisement do not reflect the 3 percent reduction in pay.

Do you have a passion for compliance, governance, and risk management? Are you a proactive problem solver with a knack for analyzing complex data and driving innovative solutions? If you answered yes, then this position may be the perfect fit for you!

Join a dynamic team within the Enterprise Compliance, Risk, and Governance (ECRG) Office, where you’ll collaborate with professionals across the organization to identify, assess, and mitigate risks while ensuring compliance with laws, regulations, and policies.

As a Compliance & Risk Officer, you will play a pivotal role in advancing CalPERS’ Enterprise Risk Management (ERM) Framework, ensuring alignment with organizational objectives and fostering a culture of compliance and risk awareness. This is an exciting opportunity to work at the intersection of strategic planning, risk management, and compliance oversight for one of the nation’s largest pension funds.

Duties include, but are not limited to:

• Lead enterprise risk assessments, enhancing frameworks and tools, analyzing data, and recommending strategies aligned with CalPERS’ objectives.
• Identify and address control weaknesses, develop risk-specific mitigation plans, and track issues to ensure timely resolution.
• Conduct compliance monitoring and assurance reviews, providing insights and recommendations to management and stakeholders.
• Support regulatory change management by identifying new legal requirements and ensuring compliance across business lines.
• Collaborate on risk management efforts, evaluating prevention measures and recommending improvements.
• Contribute to special projects and prepare detailed reports and presentations for executive leadership and the CalPERS Board.

Job Type: Full-time

Pay: $6,955.00 - $9,142.00 per month

Work Location: Hybrid remote in Sacramento, CA 95811