Managing Director Real Assets

Introduction \r\n\r\n\r\nThe Maryland State Retirement and Pension System (MSRPS)�administers�benefits for over 397,000 members, including active employees, retirees, and vested participants across 12 retirement systems—supporting the financial security of Maryland's public servants.�\r\nLocated in Baltimore's Central Business District, MSRPS offers a purpose-driven workplace with modern amenities, including panoramic city and harbor views, renovated�common areas, upgraded elevators, and an on-site caf�.�\r\nEmployees 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.\r\n

LOCATION OF POSITION 120

East Baltimore Street��\r\n\r\nBaltimore, Maryland 21202�\r\n Main Purpose of Job �\r\nThe MSPRS Investment Division is seeking an\r\nexceptional individual to serve as Managing Director of Real Assets within its\r\nInvestment Division.� The Managing\r\nDirector leads a team of investment professionals responsible for meeting risk\r\nand return objectives, and establishes investment strategy and program goals,\r\nparticularly as they relate to real estate, infrastructure and natural\r\nresources investments.��\r\nFurther the\r\n

Managing Director:

\r\n

• Develops standards and controls to meet objectives;��\r\n
• �Recommends and assists with determining\r\nappropriate indices and guidelines for evaluating investment performance;��\r\n
• Provides direct leadership, oversight and\r\nmanagement of professional investment staff, external investment managers and\r\nconsultants;�\r\n
• Ensures that the integrity of the established investment framework\r\nis maintained and that policies and procedures are followed;��\r\n
• Identifies potential areas of risk and\r\ndevelops/implements corrective action;��\r\n
• Provides guidance and recommendations for allocation of assets within\r\nthe areas of real estate, infrastructure and natural resources;��\r\n
• Serves as an independent evaluator to ensure\r\nthat investment concerns are appropriately monitored, evaluated, resolved and\r\ncommunicated;��\r\n
• Collaborates with the CIO,\r\nDeputy CIO and other Managing Directors to review and coordinate investment\r\nstrategies across products;��\r\n
• Develops and\r\napplies quantitative analytics to monitor and mitigate various types of risk\r\nassociated with an investment strategy;��\r\n
• Gathers data, analyzes results and communicates performance results.

\r\n�\r\nThis position\r\nis a management service position and serves at the pleasure of the Appointing\r\nAuthority.\r\n

POSITION DUTIES

Position responsibilities include:\r\n\r\n\r\n\r\n\r\n

• �Works\r\ndirectly with the Board of Trustees, Investment Committee, Executive Director,\r\nCIO, DCIO, external consultants, external managers and others in the\r\ndevelopment, implementation and maintenance of broad investment policies\r\nestablished by the Board of Trustees.�\r\n\r\n\r\n
• �Establishes\r\noverall investment management program goals, standards, and controls to meet\r\nrisk and return objectives.���\r\n
• Oversees\r\ninvestment professionals and financial resources of the investment management\r\nprogram.��\r\n
• Ensures the integrity of the\r\nestablished investment framework through implementation of policies and\r\nprocedures, awareness of rules, laws, and regulations by professional\r\ninvestment staff, external investment managers, and consultants.�\r\n
• �Monitors\r\nand manages relationships with external investment managers for an asset class.���\r\n
• Oversees due diligence process, reviewing portfolio holdings and\r\nstrategies, analyzing performance and compliance with investment guidelines.���\r\n
• Represents the Agency before senior managers,\r\nexternal investment managers, consultants and others concerning investment\r\nperformance relative to objectives.��\r\n
• �Develops, initiates, maintains, and revises policies and\r\nprocedures to mitigate risk.�\r\n
• �Performs\r\nother duties and responsibilities as may reasonably be expected in investment\r\nstrategy, risk mitigation and division management.�\r\n
• Other duties as assigned.

\r\n\r\n\r\n\r\n

MINIMUM QUALIFICATIONS

\r\n\r\n

Education:

Possession of a bachelor's degree from an accredited four-year\r\ncollege in Math, Science, Economics, Finance, Accounting, Business\r\nAdministration, Public Administration, or similar fields of study.\r\n�\r\n

Experience:

Eight years of professional investment experience.� \r\n�\r\n

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

SELECTION PROCESS

\r\nResumes are required as part of your application.�Please upload along with application.�\r\n\r\n\r\nPlease 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.�\r\n\r\n\r\nFor 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.�For further information,�you may call International Consultants of Delaware, Inc. (302) 737-8715 or World Education Services Inc. 1-800-932

• 3897 or (202) 331-2925.

\r\n\r\n\r\nIf you are selected for an interview, you will be contacted via the email address listed on your application.��\r\n

BARGAINING UNIT STATUS

This position is exempt from bargaining.\r\n\r\n

BENEFITS STATE OF MARYLAND

BENEFITS\r\nAs 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.��\r\n\t��Personal Leave

• new State employees are awarded six (6) personnel days annually (prorated based on start date).�\r\n\t��Annual Leave
• ten (10) days of accumulated annual leave per year.�\r\n\t��Sick Leave
• fifteen (15) days of accumulated sick leave per year.\r\n\t��Parental Leave
• up to sixty (60) days of paid parental leave upon the birth or adoption of a child.�\r\n\t��Holidays
• State employees also celebrate at least thirteen (13) holidays per year.� �\r\n\t��Pension
• State employees earn credit towards a retirement pension.

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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:��\r\nMaryland State Retirement and Pension Systems�\r\nHuman Resources Section�\r\n120 E. Baltimore Street�\r\nBaltimore, MD 21202�\r\n

Email:

Nick Pindale at npindale@sra.state.md.us\r\n\r\n\r\nPLEASE

DO NOT SUBMIT UNSOLICITED DOCUMENTATION

� �\r\n\r\n\r\nAs an equal opportunity employer, Maryland is committed to recruiting, retaining and promoting employees who are reflective of the State's diversity.� �\r\n\r\n\r\nPeople with disabilities and bilingual candidates are encouraged to apply.\r\n\r\n\r\nWe thank our Veterans for their service to our country.� �\r\n\r\n\r\n

TTY Users:

call via Maryland Relay��\r\n