Summary
Overview
Work History
Education
Skills
Timeline
Generic

KATIE CARL

Sacramento,CA

Summary

Experienced investment management professional with a demonstrated history of working successfully in the asset management industry and a large public pension fund; including defined contribution plans, defined benefit plans, health care plans, and Other Post-Retirement Benefit plans. Strong process-oriented background and ability to demonstrate keen portfolio risk and operational awareness.

Overview

18
18
years of professional experience

Work History

Associate Investment Manager - Affiliate Funds

CalPERS
11.2020 - Current
  • Manage day-to-day allocation investment process for multi-asset class set of investment portfolios, including defined contribution plans, defined benefit plans, health care plans, and Other Post-Retirement Benefit plans collectively valued over $25 billion.
  • Provide oversight and ensure that investment management strategies and operational processes for asset allocation, rebalancing, benchmarking, cash management, trading, and transitions are structured to optimize investment performance, provide liquidity, minimize risk, provide fiduciary oversight, be operationally efficient, and be competitive in marketplace.
  • Responsible for authorizing trade activity and ensuring that portfolios are compliant with regulations and policies. Support and provide oversight for Affiliate Fund allocation transitions.
  • Develop and document policies and procedures to ensure a structured process is in place, increase process efficiency, and to ensure team cross-training on critical processes. Regularly attend and lead internal meetings.
  • Manage a portion of the TLPMI/Allocation Management team, helping to shape culture, investment philosophy, and processes of the team to further development of a robust and efficient institutional cash flow and fund allocation management capability. Perform all management functions, including training and mentoring of team members, delegation and review of assignments, providing ongoing guidance and feedback, reviewing annual performance plans, completing the Employee Performance and Development (EPAD), Merit Salary Adjustment (MSA) review, and participating in the recruitment, selection, and development of investment staff.
  • Manage the communication strategy for the Affiliate Funds, which encompasses relationship management with CalPERS INVO and Enterprise teams, investment managers, custodians, administrators, and consultants.
  • Build internal and external relationships, providing guidance and education about Affiliate Funds investment and processes, oversight of the creation of analyses and presentations for internal and external stakeholders, presenting investment information to stakeholders, oversight of the investment manager contract process, and oversight of consultant engagement for certain strategic asset allocation reviews.
  • Participate in the research, development, and implementation of new fund management strategies and technologies in an effort to enhance returns and efficiency, reduce costs, and control investment and operational risk. Strategies and technologies might include, but are not limited to, new investment managers, strategic asset allocation shifts, and investment platform upgrades or migrations. Conduct research and participate on or lead special projects as assigned by the ID. Participate in aspects of the management and overall decision-making process for the TLPMI. Participate in INVO and Enterprise project teams, committees, or special initiatives as directed.

Investment Officer III – Affiliate Funds

CalPERS
09.2015 - 11.2020
  • Responsible for oversight, monitoring and analysis of multi-asset class, unitized, investment portfolios including defined benefit plans, defined contribution plans, health care plans, and Other Post-Retirement Benefit Plans, valued at approximately $20 billion
  • Analyze and ensure that investment management strategies and operational processes for asset allocation, rebalancing, benchmarking, cash management, trading, and transitions are structured to optimize investment performance, provide liquidity, minimize risk, provide fiduciary oversight, be operationally efficient, and competitive in marketplace
  • Create, implement, interpret and maintain advanced analytical reports covering portfolio analysis, asset allocation, trading, costs, performance attribution, risk/return characteristics, transition management, peer comparison, client presentations and Board presentations
  • Mentor and train Investment office staff to provide proper cross-training and development
  • Led engagement and analysis with consultant and various internal teams on the asset allocation and investment glide path review for the Supplemental Income Plans (SIP)
  • This involved months of coordination with the Business Intelligence group to gather the appropriate participant data for a demographic review
  • Key member in the project team that designed and implemented a new investment trust for city and county municipalities
  • Included significant contribution to asset allocation study, development of investment policies and procedures and contract negotiations with external vendor/managers
  • Engage in analytical and technical work to support the functions of the Investment Department
  • Lead role in working with system vendor to manage testing process for trading platform upgrade
  • Investment Compliance & Operational Risk, Development and implementation of an Operational Risk framework to monitor and report on high priority operational risks in investment office
  • Direct responsibility for oversight and monitoring of the Operating Event process which included conducting risk assessments of operating events and related risk rankings
  • Worked with investment office subject matter experts to design and implement operating risk mitigation solutions; oversee the tracking and implementation of the solutions.

Investment Officer III – Investment Compliance

CalPERS
05.2013 - 09.2015
  • Development and implementation of an Operational Risk framework to monitor and report on high priority operational risks in investment office.
  • Direct responsibility for oversight and monitoring of the Operating Event process which included conducting risk assessments of operating events and related risk rankings.
  • Worked with investment office subject matter experts to design and implement operating risk mitigation solutions; oversee the tracking and implementation of the solutions.

Sr. Associate

FIRST REPUBLIC PRIVATE WEALTH MANAGEMENT
01.2011 - 01.2013
  • Administration of 100+ high net worth client accounts with market value in excess of $230 million
  • Construct and develop investment policy statements for clients given their current circumstances and long-term goals
  • Monitor and evaluate investments held in portfolios to ensure alignment with client's credit and liquidity needs
  • Develop investment review presentations, cash flow analysis and portfolio related tax information for clients
  • Execution of municipal, corporate, treasury and agency trades.

Sr. Manager

CHARLES SCHWAB BANK
01.2010 - 01.2011
  • Manage inter-affiliate relationships for Bank to ensure that contractual commitments are fulfilled
  • Ensure contracts reflect accurate services and pricing, monitoring of contractual commitments, and assessing risks, service issues, and/or regulatory compliance
  • Build strong working relationships with the service providers as well as the external vendor account management teams

Manager, Trade Support

CHARLES SCHWAB INVESTMENT MANAGEMENT
01.2006 - 01.2010
  • In collaboration with CIO, portfolio managers and traders, develop and update formal policies and procedural guidelines used to maintain investment policy guidelines, trading procedures, proxy policies, best execution, compliance guidelines, and business continuity management program
  • Responsible for management, oversight, evaluations and negotiations of contracts with a wide network of external service providers (e.g
  • Fund custodians, proxy solicitors, proxy voting vendors, print vendors, mailing vendors)
  • Improved response times, efficiencies and reduced fees
  • Project lead for implementation of a foreign exchange order management system
  • Conducted RFP, reviewed and negotiated contract, and serve as liaison between internal clients and vendors (technology, portfolio operations, traders, custodians and outside vendors)
  • Managed the end to end project management and production of regulatory reports for 80+ funds
  • Coordinated and directed the production of shareholder reports for the Schwab and Laudus Funds.

Education

Master of Science - Financial Analysis and Investment Management

SAINT MARY'S COLLEGE OF CALIFORNIA
Moraga, CA
2013

Bachelor of Science - Business Administration

SAINT MARY'S COLLEGE OF CALIFORNIA
Moraga, CA
2004

Skills

  • Asset Allocation
  • Business Development
  • Investment Products
  • Corporate Social Responsibility
  • Background in mutual funds, stocks, bonds and investments
  • Investment performance analysis

Timeline

Associate Investment Manager - Affiliate Funds

CalPERS
11.2020 - Current

Investment Officer III – Affiliate Funds

CalPERS
09.2015 - 11.2020

Investment Officer III – Investment Compliance

CalPERS
05.2013 - 09.2015

Sr. Associate

FIRST REPUBLIC PRIVATE WEALTH MANAGEMENT
01.2011 - 01.2013

Sr. Manager

CHARLES SCHWAB BANK
01.2010 - 01.2011

Manager, Trade Support

CHARLES SCHWAB INVESTMENT MANAGEMENT
01.2006 - 01.2010

Master of Science - Financial Analysis and Investment Management

SAINT MARY'S COLLEGE OF CALIFORNIA

Bachelor of Science - Business Administration

SAINT MARY'S COLLEGE OF CALIFORNIA

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