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MANAGING DIRECTOR II MSRP

Recruitment #16-005013-0001

Introduction

The Maryland State Retirement Agency is the administrator of the Maryland State Retirement and Pension System.  The System is a multi-employer, public employees’ benefit retirement system composed of twelve (12) separate retirement and pension systems with additional plan components, covering approximately 200,000 active members and more than 150,000 retires and beneficiaries.

The Maryland State Retirement Agency is seeking an exceptional individual to serve as Managing Director in its Investment Division.  This position is a management service position and serves at the pleasure of the Appointing Authority.

GRADE

9990

LOCATION OF POSITION

120 East Baltimore Street Baltimore, Maryland 21202

Main Purpose of Job

The Managing Director establishes strategic investment program management goals, particularly as they relate to hedge funds, absolute return/quantitative strategies and risk management.  Further, the Managing Director develops standards and controls to meet objectives;  Recommends and assists with determining appropriate indices and guidelines for evaluating investment performance;  Provides direct leadership, oversight and management of professional investment staff, external investment managers and consultants; Ensures that the integrity of the established investment framework is maintained and that policies and procedures are followed;  Identifies potential areas of risk and develops/implements corrective action;  Provides guidance and recommendations for allocation of assets within the areas of hedge funds and absolute return/quantitative strategies;  Serves as an independent evaluator to ensure that investment concerns are appropriately monitored, evaluated, resolved and communicated;  Collaborates with the CIO, Deputy CIO and other Managing Directors to review and coordinate investment strategies across products;  Develops and applies quantitative analytics to monitor and mitigate various types of risk associated with an investment strategy;  Gathers data, analyzes results and communicates performance results.

MINIMUM QUALIFICATIONS

Education:  Possession of a bachelor’s degree from an accredited four year college in Math, Economics, Finance, Accounting, Business Administration, Public Administration, or similar fields of study.  

Experience:  Eight years of professional investment experience.  

DESIRED OR PREFERRED QUALIFICATIONS

Preferred Experience: 

Preferred qualifications include a candidate with a CFA and/or CAIA, FRM designation and an advanced degree in Math, Science, Economics, Finance, Business Administration, Public Administration or similar field of study.  Preference will be given to candidates with five years of progressively responsible experience in investments.

The candidate should also be knowledgeable regarding best practices to promote and maintain an equal employment opportunity work environment that is in compliance with applicable laws, rules and regulations.

SPECIAL REQUIREMENTS

Due to the confidential nature of the work, selected candidates must undergo and pass a background check.

SELECTION PROCESS

Please make sure that you provide sufficient information on your application to show that you meet the minimum for this recruitment.  All information concerning your qualifications must be submitted by the closing date.  We will not consider information submitted after this date. 

Successful candidates will be placed on the employment (eligible) list for at least one year.  This list will be used by the hiring agency to select employees.

For education obtained outside the U.S., a copy of the equivalent American education as determined by a foreign credential evaluation service must accompany the application.

Due to the confidential nature of the work, selected candidates must undergo and pass a background check.

EXAMINATION PROCESS

The examination will consist of a rating of your education, training, and experience as presented on your application and as they relate to the requirements of the position.  You may be asked to complete a supplemental questionnaire.  The supplemental questionnaire may be used as part of the rating process.  Therefore, it is important that you provide complete and accurate information on your application.  

BENEFITS

FURTHER INSTRUCTIONS

The online application process is STRONGLY preferred.  If online access is not available, you may mail a paper application and supplemental questionnaire (if applicable) to: Recruitment and Examination Division, 301 West Preston Street, Room 608, Baltimore, MD 21201.  All mailed documents must include the applicant's name and the job number and must be received by the closing date. 

Resumes will NOT be accepted in lieu of completing the application. Please make sure we receive your cover letter, Maryland State Application and resume.

If you have any questions concerning the recruitment process for this position, please call 410-767-4906. 

TTY  Users: call via Maryland Relay

As an equal opportunity employer Maryland is committed to recruiting, retaining and promoting employees who are reflective of the State’s diversity.

We thank our Veterans for their service to our country, and encourage them to apply.

Bilingual applicants are encouraged to apply.  




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