Sr. Portfolio Manager II MSRP
Public Equity
Recruitment #21-005041-0001
Department | Maryland State Retirement and Pension Systems |
---|---|
Date Opened | 11/2/2021 11:59:00 PM |
Filing Deadline | 12/3/2021 11:59:00 PM |
Salary | $133,832.00 - $200,749.00/year |
Employment Type |
Full-Time
|
HR Analyst | Jacqueline Wallace |
Work Location |
Baltimore City
|
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 investment professional to
serve as a Senior Portfolio Manager in the Investment Division. The
Senior Portfolio Manager will report directly to the Managing Director of Public
Equity and be an active member of the Investment Division. This individual will
work collaboratively with the Public Equity team and assist in the internal
management of assets with expectations of building quantitative internal portfolios,
evaluating, recommending, monitoring, and reporting of portfolio investments.
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
POSITION DUTIES
·
Work collaboratively with the Managing Director
to support the overall investment program and actively participate in the
internal management initiative;
·
Develop and manage quantitative public equity
portfolios opportunistically in one or more of the US, International, and
Emerging markets;
·
Actively source investment opportunities and
lead the due diligence and investment recommendation process;
·
Maintain comprehensive understanding of
financial mathematics and portfolio concepts;
·
Responsible for market analysis within assigned
asset class for the purpose of recommending tactical positioning in a goal to
add value over a benchmark;
·
Lead the research, development, and
conceptualization of quantitative models involving data collection, coding and
modelling;
·
Perform attribution and exposure analysis; track
and model investment performance; assist with due diligence on new investments;
assist with tactical asset allocation;
·
Assist the Managing Director in preparing
presentation materials for Investment Division staff or for Investment Committee
meetings; manage business relationships;
·
Assist in the development of analysts,
associates, and interns; assist in the maintenance of records related to
investments; and contribute to all Public Equity team objectives as assigned or
as needed;
· Participate in special projects and pension wide initiatives as assigned.
MINIMUM QUALIFICATIONS
Education: Possession of a bachelor’s
degree from an accredited four-year college in Math, Science, Economics,
Finance, Accounting, Business Administration, or similar fields of study.
Experience: Five years of professional
investment experience in managing quantitative public equity portfolios.
Development and hands on work for an existing equity portfolio product
including research, development, implementation, and maintenance.
DESIRED OR PREFERRED QUALIFICATIONS
Preference will be given to candidates with:
·
Highly self-motivated and detail-oriented
skillset;
·
Ability to work independently as well as in a
team environment; demonstrating ability to execute, follow through while being
open to receive and incorporate constructive feedback;
·
Demonstrated history of quantitative signal
research, organization, development and management of portfolios;
·
Demonstrated track record of managing investment
portfolios which deliver excess returns;
·
Strong analytical and problem-solving skills;
·
Demonstrate a history of developing successful
quantitative models, preferably involving forecasting on mid-to-long term time
horizons;
·
Ability to program analytic languages (R,
Python, etc.) and work with databases;
·
Expert level skills in Bloomberg including AIM,
BQUANT, and PORT;
·
Strong skills in Microsoft Excel, Word, PowerPoint;
·
A CFA designation and/or a graduate degree in
Math, Science, Economics, Finance, Business Administration, Public
Administration or similar field of study;
·
At least seven (7) years of professional
experience managing and trading quantitative portfolios of public equity investment.
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
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.