Fixed Income Sr. Portfolio Manager II MSRP

The Maryland State Retirement and Pension System (MSRPS)administers benefits for over 397000 members including active employeesretirees and vested participants across 12 retirement systemssupporting thefinancial security of Marylands public servants.

Located in Baltimores Central Business District MSRPS offers apurpose-driven workplace with modern amenities including panoramic city andharbor views renovated common areas upgraded elevators and an on-site café.

Employees enjoy comprehensive state benefits including; medicaldental prescription coverage generous paid leave participation in the statepension system and supplemental retirement savings options (401(k) 457(b)and more). Additional perks include an on-site fitness center with showers andlockers 24/7 building security and easy access to restaurants shops publictransit and major highways.

The Agencys Investmentteam is both results driven and creative problem solvers who work together tomanage a global multi-asset portfolio and to provide a secure base of assets topay the current and future benefits for the underlying retirees andbeneficiaries. The Investment Division is committed to providing acomprehensive work environment that will give the investment team members acomplete understanding of the institutional investment process and to provide adiverse and inclusive workplace that embraces both analytical and creative thinkers.

The Agency is seeking aqualified and committed investment professional to serve as a Senior PortfolioManager in the Fixed Income team of the Investment Division. The SeniorPortfolio Manager reports directly to the Managing Director of Fixed IncomeCurrencies and Commodities and will be an active contributor of the FICC teamand of the Investment Division broadly. This individual will workcollaboratively within the Fixed Income team and will source evaluaterecommend (if needed) execute trade and monitor a portfolio of individual will contribute to producing reports on the portfolio of theseinvestments and communication with stakeholders. This is an opportunity for anexperienced US Investment Grade Corporate bond portfolio manager and trader.

Thisis a Management Service position and serves at the pleasure of the AppointingAuthority.

120 East Baltimore Street

Baltimore Maryland 21202

ThePortfolio Manager will be a key member of the FICC (Fixed Income Currenciesand Commodities) Investment team responsible for generating sustainedoutperformance across relevant portfolios and investments. Working in closepartnership with Co-Portfolio Manager(s) the role involves the directmanagement and trading of an Investment Grade Corporate bond portfolio as wellas collaboration with and backup support for other FICC strategies andresponsibilities as assigned by the Managing Director. The Portfolio Managerwill develop and execute investment strategies designed to achieve targetoutperformance including the analysis modeling pricing and trading ofsecurities and derivatives in full compliance with applicable mandateguidelines. The role also includes oversight of externally managed portfolioscontribution to macroeconomic and asset allocation forecasts and support oftactical (short-term) sector allocation decisions with occasional involvementin strategic (long-term) asset allocation analysis. Depending on experiencequalifications and interests the Portfolio Manager may also be assigned tospecial projects that support broader FICC and System objectives.

Thisindividual will work collaboratively with the FICC team to support the overallinvestment program.

TheSenior Portfolio Manager will:

• Perform regular reviews and evaluations including performance attribution and exposure analysis of existing investments including portfolios managed by external managers.
• Conduct continuous research to regularly generate actionable investment ideas.
• Track and model investment performance and exposures.
• Assist in preparing presentation materials for Investment Division staff or for the Board of Trustees Investment Committee meetings.
• Manage consultant relationships (if needed).
• Contribute to the development of analysts associates and interns.
• Assist in the maintenance of records related to investments
• Contribute to all Fixed Income team objectives as assigned or as needed.
• Actively manage and enhance return in the Investment Grade Corporate bond portfolio.
• Demonstrate ability to develop a view on the market to identify relative value opportunities and a skillset to capture value.
• Trade across all Investment Grade Corporate bond sectors other cash products and certain relevant derivatives.
• Apply market knowledge and experience to achieve best execution.
• Support the development and implementation of strategies related to the overall fixed-income investment process including active participation in relevant meetings.
• Communicate routinely with members of the fixed income team and the broader Investments team on capital markets portfolio characteristics strategy and tactics (on as needed basis).
• Communicate daily with broker-dealers traders and analysts to maintain up-to-date knowledge of new developments including issuance and trading flows. Provide general market color and to disseminate appropriate information to relevant internal group.

Education: Graduated from anaccredited four-year college or university with a bachelors degree.

Experience: Relevant experience in institutionalinvestment management.

A candidate will havesome of the experiences knowledge and accomplishments listed below to achievesuccess with the positions responsibilities:

A CFA designation post graduate degree orequivalent work experience provide a strong foundation for success.

Experienceat a pension endowment foundation or other institutional investmentorganization.

Experiencewith Investment Grade Corporate bond portfolio management and trading role.

Knowledgeof corporate bond issuers creditworthiness analysis.

Strongquantitative analysis skills interpersonal skills and attention to details.

Thecapacity to use critical thinking to solve problems.

Proficiencywith Bloomberg analytics Bloomberg trading facilities relevant Fixed Incometools within the Microsoft suite of products

Desirable software skills: Expert levelinMicrosoft Excel (including tasks automation skillset);Word andPowerPoint; Expert Bloomberg (including PORT and AIM) user. Familiarity withNRSROs process. Experience with Bloomberg Tradeweb MarketAxess.

Please make sure that youprovide sufficient information on your application to show that you meet theminimum for this recruitment. All information concerning yourqualifications must be submitted by the closing date. We will notconsider information submitted after this date.

For education obtainedoutside the U.S. a copy of the equivalent American education as determined bya foreign credential evaluation service must accompany the application.

Due to the confidentialnature of the work selected candidates must undergo and pass a backgroundcheck.

STATE OF MARYLAND BENEFITS