Larry Jensen
Larry Jensen is known for his public pension fund expertise in audit, risk, and compliance. He brings over 25 years of practical experience working with two of the nation’s largest public pension funds in executive and senior management positions. He provided consulting services to the board and executive management and acted as primary staff liaison to both retirement boards.
As the first Chief Risk Officer for CalPERS, Larry was responsible for the establishment of an enterprise-wide risk management program with emphasis on pension funding, administration of benefits, and operations. Larry was also responsible for implementing and enhancing public pension compliance programs, including risk assessments, policy management, implementation of hotlines, and investigations. He also served as the Chief Auditor for both CalPERS and CalSTRS assessing risk management, governance, compliance, investment operations, administration of benefits, administrative operations, third-party administrators, master custodians, and employers of pension fund members.
As an Assistant Executive Officer of Administrative Services, he was responsible for the overall management of CalPERS Fiscal Services Division, Human Resources, Operations Support Service, and Strategic Management Services Division. His executive management responsibilities included preparation and implementation of CalPERS $300m operating budget, preparation of CalPERS financial reports and statements, executive direction for human resources, and oversight of strategic planning activities of the retirement system. Larry was also responsible for administrative and operational functions such as contract services, space planning, disaster recovery, facilities management, and all operations support functions.
Larry recently retired after 36 years of public service. Currently, Larry is the principal director of Audit and Risk Management Services LLC, providing consulting services to public pension systems.
Larry received his BA degree in accounting from National University and holds several designations. He is a Certified Internal Auditor, Certified Information Systems Auditor, Certified Risk Management Assurance, and Certified Compliance and Ethics Professional. He is a member and has served on the boards of the Institute of Internal Auditors and Association of Public Pension Funds. He is also a member of the Society of Corporate Compliance and Ethics. Larry has given numerous presentations on governance, risk management, compliance, and audit topics for the Institute of Internal Auditors, Association of Public Pension Fund Auditors, Public Agency Risk Management Association, and California Association of Public Retirement Systems.