MSRP Summer Investment Associate Intern
Recruitment #24-008992-0001
Department | Maryland State Retirement and Pension Systems |
---|---|
Date Opened | 8/29/2024 11:59:00 PM |
Filing Deadline | 9/25/2024 11:59:00 PM |
Salary | $20.00 - $27.00/hour |
Employment Type |
Full-Time
|
HR Analyst | Antoinette Mercer |
Work Location |
Baltimore City
|
Introduction
The Maryland State
Retirement 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. These groups
include state government employees, teachers, law enforcement personnel,
legislators, judges and local government employees and fire fighters whose
employers have elected to participate in the system.
The Investment Division
of the Maryland State Retirement Agency seeks two
bright, highly motivated individuals to join our Investment Associate
Internship Program. Each Intern will
have a hands-on opportunity to apply what has been learned in the classroom to
a real world, large-scale investment operation. The interns will be assigned
special projects, learn how to utilize financial software, and work with
experts who are responsible for investing the plan assets of the Maryland State
Retirement and Pension System, totaling approximately $68 Billion as of June
30, 2024.
The Interns, like our
Investment Team, must maintain a positive team management approach and be both
results driven and creative problem solvers who work together to assist the
team in managing our global multi-asset portfolio.
The Investment Division
is committed to providing a professional work experience that will give the Investment
Associate Interns a complete understanding of the institutional investment
process and to provide a diverse and inclusive workplace that embraces both
analytical and innovative thinkers. Interns
will have the opportunity to work on special projects in one or more areas
including Public Equity, Fixed Income, Real Estate, Private Equity, Absolute
Return, Compliance, and/or Accounting and Operations.
GRADE
LOCATION OF POSITION
Maryland State Retirement Agency
120 East Baltimore Street
Baltimore, MD 21202
Main Purpose of Job
Internship Program.
Each Intern will have a
hands-on opportunity to apply what has been learned in the classroom to a real
world, large- scale investment operation. Selected interns will be assigned
special projects, learn how to utilize financial software, and work with
experts who are responsible for investing the plan assets of the Maryland State
Retirement and Pension System, totaling approximately $68 billion as of June
30, 2024. This is an opportunity for students going into their junior, senior,
or graduate studies, or a recent graduate (December 2024 or May 2025) at the
start of the internship.
POSITION DUTIES
- Have the opportunity to work on special projects in one or more areas of the Investment Division;
- Conduct research projects that could directly be implemented to make investment decisions;
- Present research findings to senior management;
- Have the opportunity to learn about macroeconomic and political events through industry seminars and conferences and how those events tie into the investment process;
- Learn about and assist with the investment manager due-diligence process;
- Acquire foundational skills over a wide range of investment disciplines and asset classes;
- Have an opportunity to learn about and work with the investment compliance team;
- Have an opportunity to learn about and work with investment accounting team;
- Have an opportunity to learn about and work with cash, trades and settlement team; and
- Perform other department related projects and duties as assigned
MINIMUM QUALIFICATIONS
Education: Current sophomores, juniors, or seniors
matriculating to junior, senior, or graduate status in a four-year college or
university at the start of the internship with a 3.0 or higher GPA. All
majors will be considered.
Experience:
None
****TRANSCRIPTS
ARE REQUIRED FOR THIS RECRUITMENT.
DESIRED OR PREFERRED QUALIFICATIONS
While there are no minimum requirements for STEM or
finance-related subjects, successful candidates typically have completed some
STEM courses. Preference will be given to applicants who possess all
or some of the following preferred qualification(s). Include clear and
specific information on your application regarding your qualifications to
receive credit.
· Excellent communication and interpersonal skills.
· Intellectual curiosity and strong problem-solving skills.
· Excellent analytical skills and attention to detail.
· Proficient in Microsoft Excel, Word, and PowerPoint.
· Ability to work independently with moderate direction and as part of a team.
· Ability to establish and maintain cooperative working and professional relationships.
· Ability to quickly adapt to changes in priorities, assignments, and timelines.
· Possession of high integrity and ethical values.
· Have ties to Maryland (attendance of the Maryland based university and/or Maryland residence).
Dates
of the Internship
The start of the internship is TBD (estimated late May/early June). This internship will run about 10 to 12 weeks, subject to the availability of selected candidates. This internship will follow a hybrid model: a combination of in-person and virtual presence will be required.
SELECTION PROCESS
Please make sure that you provide sufficient information on your application to show that you meet the 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 eligible (employment) list for at least one year.
EXAMINATION PROCESS
The assessment may consist of a rating of your education, training, and experience related to the requirements of the position. It is important that you provide complete and accurate information on your application. Please report all experience and education that is related to this position.
BENEFITS
Contractual employees who work for an agency covered under the State Employee and Retiree Health and Welfare Benefits Program, have a current employment contract and work 30 or more hours a week (or on average 130 hours per month) may be eligible for subsidized health benefits coverage for themselves and their dependents. As a contractual employee, you will be responsible for paying 25% of the premiums for your medical and prescription coverage, including any eligible dependents you have enrolled. The State of Maryland will subsidize the remaining 75% of the cost for these benefits. You can also elect to enroll in dental coverage, accidental death and dismemberment insurance, and life insurance, but will be responsible to pay the full premium for these benefits.
PTO Leave may be granted to a contractual employee at a rate of one hour for every 30 hours worked, not to exceed 40 hours per calendar year.
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.
For questions regarding this recruitment, please contact the DBM Recruitment and Examination Division at Application.Help@maryland.gov or 410-767-4850, MD TTY Relay Service 1-800-735-2258.
We thank our Veterans for their service to our country.
People with disabilities and bilingual candidates are encouraged to apply.
As an equal opportunity employer, Maryland is committed to recruitment, retaining and promoting employees who are reflective of the State's diversity.
For education obtained outside the U.S., a copy of the equivalent American education as determined by a foreign credential evaluation service must be provided prior to hire.
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. |