drjobs Investment Associate Emerging Manager Program

Investment Associate Emerging Manager Program

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1 Vacancy
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Job Location drjobs

Ore, TX - USA

Monthly Salary drjobs

$ 77311 - 104370

Vacancy

1 Vacancy

Job Description

Introduction

The Maryland State Retirement and Pension System (System) administerssurvivor disability and retirement benefits on behalf of almost 414000members. These include active and former State employees teachers Statepolice judges and law enforcement. Our mission is to ensure that sufficientassets are available to fund the benefits when due and to provide afullyfunded retirement system that is affordable to all participatingemployers and provides guaranteed adequate disability survivor and retirementbenefits to our members. Investment Division

The Investment Division is a50member team within the System that is responsible for implementing andmanaging the defined benefit investment program. The division is committed toproviding an interesting and challenging work environment that provides teammembers a complete understanding of the institutional investment process andembraces both analytical and creative thinkers. The team manages investmentsinternally and partners with external firms to manage a globally diversifiedportfolio that includes public equity fixed income credit absolute returnreal assets and private equity. Total plan assets were $71 billion as of2/28/25.

Why youll love working here

* Collegial teambased atmosphere

* Hybrid working environment

* Opportunities for growth and career development

* Interesting and meaningful work

How youll succeed

* An achieveryou must achieve something to feel good aboutyourself

* Analyticalyou see yourself as objective and you like data

* Contextualyou look back to understand the present

* A learneryou are drawn to the process of learning

* Responsibleyou take ownership for anything you committo

* Team player

* Passion for quantitative and qualitative analysis

* Strong written and verbal communication skills

* Ability to build relationships

* High degree of intellectual curiosity

* Strong interest in a resultsoriented investmentenvironment

GRADE

MSRP 0006

LOCATION OF POSITION

120 E. Baltimore Street Baltimore MD 21202

Main Purpose of Job

The Maryland State Retirement and Pension System is seeking an exceptional individual to serve as Investment Associate of the Systems Terra Maria emerging manager program within its Investment Division. This position will be responsible for supporting the emerging manager initiative across asset classes including: Private Equity; Real Assets; Absolute Return Public Equity and Fixed Income. The Associate will also assist in manager selection and monitoring of investments for the Terra Maria portfolio. This team member will also be responsible for supporting the risk team assisting in the oversight and reconciliation of performance measurement and risk reporting at the Systems custodian bank and other applications. The Investment Associate reports directly to the Sr. Portfolio Manager of the Terra Maria emerging manager program.

POSITION DUTIES

Support the InvestmentDivisions emerging manager program.

Assist in developingand implementing effective tools and systems to efficiently receiveevaluate and monitor inquiries from emerging managers and correspondingcommunication practices.

Assist in developingand maintaining sourcing methodologies and a database of emerging managersacross all asset classes.

Analyze performance andportfolio characteristics through various research and data platforms.

Assist in developing anevaluation framework for emerging managers across all asset classes.

Provide analyticalsupport to the asset class teams to assist with the due diligence process forinvesting with new managers and products.

Assist in conductingreviews of the manager structure within each asset class and makerecommendations to asset class teams regarding the addition of potentialemerging managers.

Assist in developing agraduation framework across asset classes to transition emerging managers tolarger mandates.

Provide analyticalsupport to the asset class teams to assist in the monitoring and evaluation ofexisting investments.

Attend manager meetingsand take appropriate notes.

Track the Systemsexposure to Terra Maria managers and provide regular reporting on the programin percentage and dollar terms to the Investment Committee Board and GeneralAssembly.

Prepare presentationmaterials for Investment Committee meetings.

Assist in the newmanager onboarding process

Assist in ensuring dataintegrity and quality control for risk modeling performance attribution andperformance reconciliation

Assist with theworkflow around monthly and quarterly performance reporting from externalmanagers.

Effectively utilizeexisting systems to monitor and report on investments and to track workflows.

Analyze existingsystems and identify opportunities to improve utilization and to furtherautomate reporting and monitoring of investments.

This position is eligible for telework two daysper week.

MINIMUM QUALIFICATIONS

Education: Graduated from an accredited fouryear collegeor university with a bachelors degree before starting the position. Applicantscan substitute a minimum of three years of relevant experience at an assetmanager or asset owner for the required education qualification.

Other: Must be strongin math and be passionate about investing

DESIRED OR PREFERRED QUALIFICATIONS

Preferred Experience: Preference will be given to candidates with the following skills and background:

Strong math skills and experience with Python Microsoft Word Microsoft Excel plus VBA

Strong financial modeling skills with a focus on modeling investments

Bachelors or advanced degree in Math Science Economics Finance Business Administration Information Systems Computer Science/Programming or similar field of study

As part of the application process candidates may be asked to complete a project or a supplemental questionnaire to assist in the evaluation of the candidates education training and experience.

Please make sure we receive your cover letter Maryland State Application and resume.

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 will not consider information submitted after this candidates will be ranked as Best Qualified Better Qualified or Qualified and placed on theeligible (employment) list for at least one year.

EXAMINATION PROCESS

The assessment may consist of a rating of your educationtraining and experience related to the requirements of the important that you provide complete and accurate information on report all experience and education that is related tothis position.

Due to the confidential nature of the work selectedcandidates must undergo and pass a background check.

BENEFITS

FURTHER INSTRUCTIONS


Required Experience:

Manager

Employment Type

Full-Time

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