Managing Director – Real Assets

State Of Maryland

Job Location:

Baltimore, MD - USA

Yearly Salary: $ 268000 - 402000

Posted on: 11 hours ago

Vacancies: 1 Vacancy

Job Summary

Introduction

The Maryland State Retirement and Pension System (MSRPS)administersbenefits for over 397000 members including active employees retirees and vested participants across 12 retirement systemssupporting the financial security of Marylands public servants.

Located in Baltimores Central Business District MSRPS offers a purpose-driven workplace with modern amenities including panoramic city and harbor views renovatedcommon areas upgraded elevators and an on-site café.

Employees enjoy comprehensive state benefitsincludingmedical dental prescription coverage generous paid leave participation in the state pension system and supplemental retirement savings options (401(k) 457(b) and more).Additionalperksinclude an on-site fitness center with showers and lockers 24/7 building security and easy access to restaurants shops public transit and major highways.

LOCATION OF POSITION

120 East Baltimore Street

Baltimore Maryland 21202

Main Purpose of Job

The MSPRS Investment Division is seeking anexceptional individual to serve as Managing Director of Real Assets within itsInvestment Division. The ManagingDirector leads a team of investment professionals responsible for meeting riskand return objectives and establishes investment strategy and program goalsparticularly as they relate to real estate infrastructure and naturalresources investments.

Further theManaging Director:

* Develops standards and controls to meet objectives;

*Recommends and assists with determiningappropriate indices and guidelines for evaluating investment performance;

* Provides direct leadership oversight andmanagement of professional investment staff external investment managers andconsultants;

* Ensures that the integrity of the established investment frameworkis maintained and that policies and procedures are followed;

* Identifies potential areas of risk anddevelops/implements corrective action;

* Provides guidance and recommendations for allocation of assets withinthe areas of real estate infrastructure and natural resources;

* Serves as an independent evaluator to ensurethat investment concerns are appropriately monitored evaluated resolved andcommunicated;

* Collaborates with the CIODeputy CIO and other Managing Directors to review and coordinate investmentstrategies across products;

* Develops andapplies quantitative analytics to monitor and mitigate various types of riskassociated with an investment strategy;

* Gathers data analyzes results and communicates performance results.

This positionis a management service position and serves at the pleasure of the AppointingAuthority.

POSITION DUTIES

Position responsibilities include:

*Worksdirectly with the Board of Trustees Investment Committee Executive DirectorCIO DCIO external consultants external managers and others in thedevelopment implementation and maintenance of broad investment policiesestablished by the Board of Trustees.

*Establishesoverall investment management program goals standards and controls to meetrisk and return objectives.

* Overseesinvestment professionals and financial resources of the investment managementprogram.

* Ensures the integrity of theestablished investment framework through implementation of policies andprocedures awareness of rules laws and regulations by professionalinvestment staff external investment managers and consultants.

*Monitorsand manages relationships with external investment managers for an asset class.

* Oversees due diligence process reviewing portfolio holdings andstrategies analyzing performance and compliance with investment guidelines.

* Represents the Agency before senior managersexternal investment managers consultants and others concerning investmentperformance relative to objectives.

*Develops initiates maintains and revises policies andprocedures to mitigate risk.

*Performsother duties and responsibilities as may reasonably be expected in investmentstrategy risk mitigation and division management.

* Other duties as assigned.

MINIMUM QUALIFICATIONS

Education: Possession of a bachelors degree from an accredited four-yearcollege in Math Science Economics Finance Accounting BusinessAdministration Public Administration or similar fields of study.

Experience: Eight years of professional investment experience.

DESIRED OR PREFERRED QUALIFICATIONS

Preference will be given to applicants who possess the following preferred qualification(s). Include clear and specific information on your application regarding your qualifications.

Supervisory experience of one or more individuals
CFA CAIA or FRMdesignation
10 years or more of progressive responsibility in investments related to real estate infrastructure and natural resources experience
The candidate should also be knowledgeable regarding best practices to promote and maintain an equal employment opportunity work environment that is in compliance with applicable laws rules and regulations

SELECTION PROCESS

Resumes are required as part of your application.Please upload along with application.

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.

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 further informationyou may call International Consultants of Delaware Inc. or World Education Services Inc.or .

If you are selected for an interview you will be contacted via the email address listed on your application.

BARGAINING UNIT STATUS

This position is exempt from bargaining.

BENEFITS

STATE OF MARYLAND BENEFITS

As an employee of the State of Maryland you will have access to outstanding benefits including: health insurance dental and vision plans offered at a low cost.

Personal Leave - new State employees are awarded six (6) personnel days annually (prorated based on start date).

Annual Leave - ten (10) days of accumulated annual leave per year.

Sick Leave - fifteen (15) days of accumulated sick leave per year.

Parental Leave - up to sixty (60) days of paid parental leave upon the birth or adoption of a child.

Holidays - State employees also celebrate at least thirteen (13) holidays per year.

Pension - State employees earn credit towards a retirement pension.

FURTHER INSTRUCTIONS

The online application process is STRONGLY preferred. If you are unable to apply online you may mail a paper application and supplemental questionnaire to:

Maryland State Retirement and Pension Systems

Human Resources Section

120 E. Baltimore Street

Baltimore MD 21202

Email: Nick Pindale at

PLEASE DO NOT SUBMIT UNSOLICITED DOCUMENTATION

As an equal opportunity employer Maryland is committed to recruiting retaining and promoting employees who are reflective of the States diversity.

People with disabilities and bilingual candidates are encouraged to apply.

We thank our Veterans for their service to our country.

TTY Users: call via Maryland Relay

Required Experience:

Director

IntroductionThe Maryland State Retirement and Pension System (MSRPS)administersbenefits for over 397000 members including active employees retirees and vested participants across 12 retirement systemssupporting the financial security of Marylands public servants.Located in Baltimores Central Busines...