Managing Director Venture Capital and Co-Investment Program
Job Location:
Annapolis, MD - USA
Yearly Salary:
Posted:
Application Deadline:
Vacancies:
Job Summary
The Maryland State Retirement Agency is the administrator of the Maryland State Retirement and Pension System (System). The System is a defined benefit retirement system covering governmental employees within the State of Maryland. Its composed of twelve (12) separate retirement and pension systems with over 50 different rule sets. The System has over 430000 participants (customers) including 192000 members who are actively employed and participating in the System 165000 payees who receive a monthly payment from the System and 40000 vested members who are no longer actively employed but have earned a benefit that will become payable at a future date.
Located in Baltimores Central Business District SRPS offers a purpose-driven workplace with modern amenities including panoramic city and harbor views renovated common areas upgraded elevators and an on-site café.
Employees enjoy comprehensive state benefits including medical dental prescription coverage generous paid leave participation in the state pension system and supplemental retirement savings options (401(k) 457(b) and more). Additional perks include an on-site fitness center with showers and lockers 24/7 building security and easy access to restaurants shops public transit and major highways.
This position and serves at the pleasure of the Appointing Authority.
The Managing Director - Venture Capital and Co-Investment works directly with the Board ofTrustees Investment Committee Executive Director Chief Investment Officer Deputy Chief Investment Officers externalconsultants external managers and others in the development implementationand maintenance of broad investment policies established by the Board ofTrustees. This position reports to theDeputy Chief Investment Officer Private Markets and oversees a professionalstaff of 4 individuals.
Responsibilitiesinclude but are not limited to:
- Lead a team of investment professionals responsible for meeting the risk and return objectives of venture capital and private equity co-investments.
- Establishes overall strategic investment program management goals standards and controls to meet asset class and total fund objectives and the levels of resources required. Recommends and assists with determining appropriate benchmarks/indices/guidelines for evaluating investment performance. Forecasts market changes based on economic and industry analyses.
- Provides direct leadership oversight management and career development of professional investment staff.
- Provides oversight and management of external venture capital managers consultants and others with respect to the management of the investment program.
- Ensures that the integrity of the established investment framework is maintained policies and procedures are implemented as intended with an awareness of appropriate rules laws regulations and compliance controls.
- Identifies potential areas of vulnerability and risk develops / implements corrective action plans for resolution and provides guidance on mitigation of similar situations in the future.
- Provides guidance input and recommendations for investment strategies and on projected strengths and weaknesses of investment approaches.
- Serves as an independent reviewer and evaluator to ensure that investment issues / concerns are being appropriately monitored evaluated investigated resolved and communicated.
- Designs and develops quantitative and analytic models and tools to help identify attractive venture capital and co-investment strategies and opportunities and monitor and mitigate various types of risk associated with these investments. Gathers data analyzes results and communicates performance results.
- Manages the due diligence process for investing in venture capital managers and private market co-investments and makes investment recommendations to the Chief Investment Officer.
Job duties included but not limited to:
- Establishes program goals standards and controls for venture capital and private equity co-investments to meet risk and return objectives.
- Oversees investment professionals and financial resources of the investment management program.
- Ensures the integrity of the established investment framework through implementation of policies and procedures awareness of rules laws and regulations by professional investment staff external investment managers and consultants.
- Monitors and manage relationships with external venture capital investment managers and private equity co-investments.
- Identifies investment opportunities and leads the due diligence process for venture capital and private equity co-investments by participating in meetings reviewing portfolio holdings and strategies and analyzing performance. Represents the Agency before senior managers external investment managers consultants and others concerning performance relative to objectives.
- Develop strategic plans for portfolio construction based on macroeconomic analysis and thematic investment views. Performs other duties and responsibilities as may reasonably be expected in investment strategy risk mitigation and division management.
Education:Four-year degreefrom an accredited four-year college in Science Economics Finance Accounting Business Administration Public Administration or similar fields of study.
Experience:Eight years of professional investment experience portfolio construction andinvestment decision-making.
Supervisory experience of one or moreindividuals
CFA CAIA orFRMdesignation
10 years or more of progressiveresponsibility in investments related to real estate infrastructure andnatural resources experience
Experience working within a Total PortfolioApproach framework
The candidate should also be knowledgeableregarding best practices to promote and maintain an equal employmentopportunity work environment that is in compliance with applicable laws rulesand regulations
- A resume and cover letter are required to be uploaded with your application as well as an official transcript.
- 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 and credit check.
Please make sure that you provide sufficient information on your application to show that you meet the minimum selective and preferred 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 or be placed on a register for at least one year. This list will be used by the hiring agency to select candidates for interviews in-person or virtually.
For education obtained outside the U.S. a copy of the equivalent American education as determined by a foreign credential evaluation service must by provided prior to hire.
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
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.
- Hybrid teleworking
- Paid holidays 12-13 per year
- Generous paid leave package (annual sick personal and compensatory leave)
- State Pension (defined benefit plan)
- Tax-deferred supplemental retirement savings plans (401(k) and 457)
- Comprehensive subsidized health dental and prescription plans with little to no deductibles free generic prescriptions and free preventative health services
- Flexible Spending Account plans for Health Care and Daycare
- State Employees Credit Union
To Learn more please click this link:
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
The resulting certified eligible list for this recruitment may be used for similar positions in this or other State agencies.
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
