Sr. Governance Manager
(Manager of ESG and Corporate Responsibility)
Recruitment #21-005020-0001
Department | Maryland State Retirement and Pension Systems |
---|---|
Date Opened | 10/29/2021 11:59:00 PM |
Filing Deadline | 11/30/2021 11:59:00 PM |
Salary | $113,494.00 - $153,217.00/year |
Employment Type |
Full-Time
|
HR Analyst | Jacqueline Wallace |
Work Location |
Baltimore City
|
Introduction
The Maryland State Retirement Agency (the “Agency”) is the
administrator of the Maryland State Retirement and Pension System (the
“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 in a
newly established role of Manager of ESG and Corporate Responsibility within
the Investment Division who will lead the Environmental, Social and Governance
(the “ESG”) and other governance related efforts. The Manager of ESG and
Corporate Responsibility will report to the Deputy Chief Investment Officer,
and will be an active member of the Investment Division. This individual will work collaboratively
with the Chief Investment Officer, the Deputy Chief Investment Officer, the
managing directors and staff of the different asset classes, the ESG Committee,
and the Diversity, Equity, and Inclusion Committee (the “DE&I” Committee), 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 members
a complete understanding of the institutional investment process and to provide
a diverse and inclusive workplace that embraces both analytical and creative
thinkers.
This position serves at the pleasure of the Appointing
Authority.
GRADE
LOCATION OF POSITION
120 East Baltimore Street
Baltimore, Maryland 21202
Main Purpose of Job
The Manager of ESG and
Corporate Responsibility is responsible for all aspects of the governance
program for the Investment Division and the System including developing
appropriate standards, policies, and processes, the implementation and
management of the program, and provide guidance and advice to management at the
Agency, and the Board of Trustees. The
governance program includes the areas of ESG, DE&I, divestment, proxy
voting and related processes, and the engagement initiatives with issuers and
governance organizations.
The responsibilities of
the Manager of ESG and Corporate Responsibility will include leading the ESG
initiatives of the Investment Division and the System including monitoring,
evaluating, and quantifying the risks and effects of ESG and diversity on the
portfolio and the Investment Division.
The Manager of ESG and
Corporate Responsibility is responsible for the oversight and management of the
divestment program, engagement process, proxy voting, proxy monitoring, proxy
advisor, proxy policy development process and other matters related to
governance topics.
The Manager of ESG and
Corporate Responsibility is responsible for the management of and providing
advisement to the Corporate Governance and Securities Litigation Committee on
all related governance topics.
POSITION DUTIES
Responsibilities include
but are not limited to:
· Develops, recommends and
implements standards, policies and procedures for the governance program;
· Maintains appropriate and effective management
of the governance program which includes meeting goals and objectives of the
program;
· Works across asset classes to integrate ESG into
their investment due diligence and recommendations
· Performs ESG research and analysis on potential
and existing investments and provides recommendations;
· Procures, manages and maintains any ESG data
applications necessary for ESG research and analysis;
· Conducts training to the Board and the Agency
staff on the ESG and governance related topics;
· Oversight and development of any ESG or
governance related reports required by the Legislature or as necessary for the
System;
· Manages the relationships with outside parties
and completes any related surveys as it relates to governance topics such as
proxy advisors, ESG data providers, and governance organizations;
· Manages and tracks ESG efforts by external and
internal managers and provides any necessary recommendations;
· Chairs or participates in the DE&I and ESG
Committees;
· Manage diversity initiatives of the Investment
Division and the DE&I Committee;
· Advises the Corporate Governance and Securities
Litigation Committee, the Board of Trustees and Agency management on any ESG,
divestment, proxy, or other governance related topics or issues;
· Manages the proxy voting process and ensures
proxies are voted in accordance with the System’s custom proxy guidelines;
· Performs an annual due diligence review of the
proxy advisor and reports any issues to the Corporate Governance and Securities
Litigation Committee;
· Maintains knowledge of best practices and current
trends in corporate governance topics;
· Initiates, carries out and manages any
engagement activities related to corporate governance topics;
· Manages the meetings, agenda items, information
and needs of the Corporate Governance and Securities Litigation Committee;
· Oversight and management of any investment
divestment programs or proposed divestment initiatives.
MINIMUM QUALIFICATIONS
Education:
Graduated from an accredited four-year college or university
with a bachelor’s degree.
Experience:
Relevant experience in investments, corporate governance,
ESG or finance.
DESIRED OR PREFERRED QUALIFICATIONS
A productive and successful candidate will have some of the listed below experiences to achieve success with the position’s responsibilities:
·
Experience at a pension, endowment, foundation,
or other institutional investment organization;
·
Experience in the investment decision making
process for public or private assets;
·
Experience with ESG integration;
·
Knowledge of key ESG issues, regulatory and
standards setting organizations, measurement tools, ESG data applications and
rating systems;
·
Knowledge of corporate governance topics and the
proxy voting process;
·
Experience managing an engagement program on
corporate governance matters;
· Experience creating policies and procedures and maintaining a governance program.
SELECTION PROCESS
Please make sure that you provide sufficient information on your application to show that you meet the minimum qualifications 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
Online applications are highly recommended. However, if you are unable to apply online, the paper application and supplemental questionnaire may be submitted to: Department of Budget and Management, Recruitment and Examination Division, 301 W. Preston St., Baltimore, MD 21201. Paper application materials must be received in our office by the closing date for the recruitment. No postmarks will be accepted.
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.
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.