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Sr. Risk Analyst II MSRP

Investment Division

Recruitment #20-005023-0001

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 245,000 active members and more than 160,000 retires and beneficiaries.

The Agency is seeking a committed professional to serve as Senior Risk Analyst on the Risk team within the Investment Division.  The Senior Risk Analyst will report to the Senior Risk Manager, and will be an active member of the Investment Division.  This individual will work collaboratively with the Senior Risk Manager to support the overall investment program.  The Agency’s Investment team is both results driven and creative problem solvers who work together to manage a global multi-asset portfolio and to provide a secure base of assets to pay the current and future benefits for the underlying retirees and beneficiaries.  The Investment Division is committed to providing a comprehensive work environment that will give the investment team senior analysts a complete understanding of the institutional investment process and to provide a diverse and inclusive workplace that embraces both analytical and creative thinkers.

The Risk team is responsible for measuring and monitoring investment risk for the total System portfolio.  The team contributes to various facets of the System’s investment process including strategic asset allocation, tactical asset allocation, portfolio construction, and performance attribution.  While primarily focused on supporting the investment initiatives of the Chief Investment Officer from a total plan perspective, the Risk team also provides specific asset class risk assessments to the investment team managing directors.  The Risk team collaborates with members of the investment team to generate important content to be used in reports to the Board of Trustees and other stakeholders.

This position serves at the pleasure of the Appointing Authority.

GRADE

MSRP 0009

LOCATION OF POSITION

120 East Baltimore Street

Baltimore, Maryland 21202

POSITION DUTIES

The responsibilities of the Senior Risk Analyst II will include performing quantitative analysis across the total System portfolio of approximately $58 billion in assets. The ideal candidate will have an understanding of institutional investing and related quantitative techniques and an ability to synthesize large data sets into easily digestible analytics. The Senior Risk Analyst will be leading certain aspects of risk reporting. The ideal candidate will be able to explain statistical concepts in easy-to-understand language. This position will provide the opportunity for the candidate to assist with the development of a risk management database. The ideal candidate will be able to organize disparate sources of data into a coherent format that feeds various analytical applications. The Senior Risk Analyst will participate in internal management initiatives as needed. The ideal candidate will have familiarity with systems and processes utilized to trade public equity and fixed income securities. In addition, the candidate should expect to collaborate with other asset class investment team members to support the Chief Investment Officer for the effective management of the Division.

A committed and thoughtful individual will support the Risk team to ensure prudent, accurate and efficient evaluation of the System’s investment program.  Responsibilities include but are not limited to:

1.    Production and delivery of certain recurring reports to various stakeholders both within and outside the Investment Division;

2.    Maintenance of the System’s third party risk analytics software including coordination with the custodian bank;

3.    Assistance with the ongoing development of a central repository to store portfolio data and perform custom analytics. 

4.    Partnership with other units of the Investment Division on firm-wide initiatives such as internal management.  

MINIMUM QUALIFICATIONS

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

Experience: Relevant experience in investments or finance.

DESIRED OR PREFERRED QUALIFICATIONS

Preference will be given to applicants who possess the following preferred qualification(s). Include clear and specific information on your application regarding your qualifications.

1. Experience at a pension, endowment, foundation, or other institutional investment organization.
2. Experience with risk analytics software platforms.  
3. Progress towards or attainment of a CFA designation and/or other industry designations such as CAIA or FRM. 
4. Proficient level in Python; Microsoft Excel; Word; PowerPoint; Bloomberg and FactSet.

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 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.

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 you are unable to apply online, you may mail a paper application to:                      

    DBM/Recruitment & Examination Division                       

    301 West Preston Street, Room 608                       

    Baltimore, MD 21201

    Attn:  L. Lastner

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 410-767-5571.

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.  

People with disabilities and bilingual candidates are encouraged to apply. 

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



Click on a link below to apply for this position:

Fill out the Supplemental Questionnaire and Application NOW using the Internet. Apply Online
View and print the Supplemental Questionnaire. This recruitment requires completion of a supplemental questionnaire. You may view and print the supplemental questionnaire here.
Apply via Paper Application. You may also download and complete the Paper Application here.