Sr. Governance Manager
Senior Manager of ESG and Corporate Responsibility
Recruitment #22-005020-0001
Department | Maryland State Retirement and Pension Systems |
---|---|
Date Opened | 4/7/2022 11:59:00 PM |
Filing Deadline | 5/20/2022 11:59:00 PM |
Salary | Salary is based on experience and qualifications. See below. |
Employment Type |
Full-Time
|
HR Analyst | Cecelia Smith |
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 Sr. 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
MSRP 0008
Salary is based on experience
and qualifications. The salary range for this position is $125,316 - $237,787,
with a midpoint of $172,310.
LOCATION OF POSITION
120 East Baltimore Street
Baltimore, Maryland 21202
Main Purpose of Job
The Sr. 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 Sr.
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 Sr. 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 Sr. 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
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 contact the DBM Recruitment and Examination
Division at Application.Help@maryland.gov 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.