Sr. Investment Compliance Analyst MSRP

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 Agency is seeking an investment compliance professional to serve as Senior Compliance Analyst in the Investment Division.  The Senior Compliance Analyst reports directly to the Senior Compliance Manager. Under the direction of the Senior Compliance Manager, the Senior Compliance Analyst will assist in monitoring external and internal investment managers, personal trading, the divestment program, and corporate governance activities.

This is a Special Appointment position and serves at the pleasure of the Appointing Authority

Maryland State Retirement Agency

120 East Baltimore Street

Baltimore, MD  21202

* Monitors the compliance of existing managers with MSRPS policies, applicable laws and investment guidelines such as derivative usage, security classifications, allocations, index comparisons, sector weights, currency exposures, duration, and credit quality.

* Completes the annual due diligence review of existing managers and be able to identify areas of risk or concern.

* Designs and implements testing methodologies for new managers to ensure compliance with investment guidelines.

* Reviews internal trading for compliance with investment guidelines, authorization and limits.

* Reviews employee activities for compliance with State ethics laws.

* Assists in the administration of the MSRPS Ethics, Conflicts of Interest, Material Non-Public Information and Personal Trading Policies.

* Reviews pre-clearance trade requests, trading activity of staff and maintains the restricted list.

* Researches, compiles data and responds to Public Information Act requests in compliance with Maryland’s Pubic Information Act.

* Evaluates company data for possible divestment and compiles reports on any divestment activity for the Board of Trustees and Maryland Legislature.

* Monitors compliance with Securities and Exchange Commission regulations.

* Monitors the proxy voting program at MSRPS.

* Assists in recommendations to the Board of Trustees regarding corporate governance activities.

* Assists in the review of background checks of funds and principles prior to investment and the ability to identify areas of concern.

* Contributes to the development and monitoring of the policies and procedures for the Investment Division.

Education:  Graduation from an accredited four-year college or university with a bachelor’s degree.

Experience:  Two plus years of successful employment in legal, compliance or audit preferably in the investment, financial, banking, accounting or insurance industries.

Preference will be given to candidates with:

• Two plus years of experience performing investment compliance responsibilities
• One plus years of experience with Bloomberg
• Two plus years of experience with investment compliance monitoring systems
• Advanced Microsoft Excel skills (pivot tables, complex formulas, large data sets)
• Knowledge and understanding of security type classifications, derivatives, indexes, and portfolio characteristics such as credit quality, duration, weights, and allocations.

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 ranked as Best Qualified, Better Qualified, or Qualified and 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.

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.

The online application process is STRONGLY preferred.  If online access is not available, you may mail a paper application and supplemental questionnaire (by the closing date) to:

DBM/Recruitment & Examination Division

301 West Preston Street, Room 608

Baltimore, MD 21201

Please include a cover letter and resume.  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.

If you have any questions concerning the recruitment process for this position, please call 410-767-6352.

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

People with disabilities and bilingual candidates are encouraged to apply. 

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.