Investment Analyst II - Securitized Sr. Investment Analyst II MSRP

State of Maryland; Maryland; Sur place; USD 90 000 - 120 000; Plein temps

Avantages offerts par ce poste

On-site fitness center

Building security and access to local享

Résumé du poste

The Maryland State Retirement Agency seeks an analyst to support a securitized fund and related strategies. You will perform analytical duties, assist with fundamental and quantitative analysis of securitized fixed income, and help monitor risk exposures and trading activity.

Collaborating with portfolio managers and external providers, you will help ensure accurate performance analytics and stay informed on macro indicators affecting rate-sensitive and credit portfolios.

Qualifications

• Four-year degree from an accredited college/university in a quantitative discipline (Math, Statistics, CS, Data Science, Physics, Engineering, Economics, Finance).
• Three years of relevant investments or finance experience.
• Notes: substitutions/additional degrees may count toward experience; CFA/CPA/CAIA may count for experience.

Responsabilités

• Provide analytical support for internally managed Securitized Fund and externally managed securitized strategies.
• Assist Senior Portfolio Manager with fundamental and quantitative analysis of securitized fixed income securities.
• Monitor and manage risk exposures of new and existing trades.
• Collaborate with portfolio managers, research providers, and brokers to gather insights for trading decisions.
• Ensure accuracy of performance and risk analytics for all securitized investments.
• Review and reconcile cash, positions, performance, and trading activity with systems and custodians.
• Support brokers and counterparty relationships; assist in executing MSFTAs and futures give-up agreements.
• Back up Lead Portfolio Manager for the internally managed Securitized Fund; monitor rate-sensitive and credit portfolios.

Connaissances

Analytical skills

Quantitative analysis

Collaboration

Risk management

Financial industry knowledge

Formation

Bachelor's degree in quantitative discipline

Outils

Bloomberg Terminal

Yieldbook

Intex

Excel

Description du poste

Introduction

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 State and local government employees of Maryland. It’s composed of twelve (12) separate retirement and pension systems with over 50 different rule sets. The System has over 433,000 participants (customers), including 210,000 members who are actively employed and participating in the System, 179,000 payees who receive a monthly payment from the System, and 44,000 vested members who are no longer actively employed but have earned a benefit that will become payable at a future date.

Located in Baltimore’s 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.

If you're seeking a career with impact, stability, and a supportive environment, explore opportunities with MSRPS.

GRADE

MSRP0009

LOCATION OF POSITION

120 East Baltimore Street

Baltimore, Maryland 21202

Main Purpose of Job

The purpose of this position is to independently perform all front office support functions for the internally managed Securitized Fund, assist with oversight of externally managed strategies within securitized space or as assigned, contribute to the trading process, perform relevant research and analysis, routinely generate actionable investment recommendations, perform due diligence, modeling and monitoring.

Responsibilities Include, But Are Not Limited To

• Performing complete analytical support for the internally managed Securitized Fund and for externally managed Securitized strategies.
• Assisting the Senior Portfolio Manager in conducting fundamental & quantitative analysis of securitized fixed income securities.
• Monitoring and managing risk exposures and risk level of new and existing trades.
• Collaborating with portfolio managers, research providers, and broker dealers to gather insights and information for trading decisions.
• Collaborating with other teams within the Investment Division to ensure accuracy of the performance and risk analytics for all Securitized investments.
• Reviewing and reconciling cash, positions, performance and trading activity with the portfolio management system, the compliance system, the custodian & the risk system.
• Managing relationships with counterparties including supporting adding brokers.
• Participating in executing legal agreements such as MSFTAs and futures give-up agreements.
• Contributing to trading and to process of trading and serving as an effective back up to the Lead Portfolio Manager for an internally managed Securitized Fund.
• Monitoring economic indicators, markets, external research or anything else relevant for the Rate Sensitive and Credit portfolios.

Minimum Qualifications

Education: A four-year degree from an accredited four college/University in quantitative discipline such as Mathematics, Statistics, Computer Science, Data Science, Physics, Engineering, E conomics, or Finance .

Experience: Three years of relevant investments or finance experience.

Notes

• Applicants may substitute a minimum of four years of additional relevant investments or finance experience for the required education qualification.
• Relevant master’s degrees, CFA, or CPA can count for two years of relevant professional experience.
• CAIA can count for one year of relevant professional experience.
• A relevant PhD can count for the required professional experience.

Desired Or Preferred Qualifications

Please note that your answers to the supplemental questionnaire must correspond to the information provided on your application to receive credit.

• Preferred candidates likely possess the following qualifications:
• Master’s Degree from an accredited University with a focus on STEM or Finance
• Two (2+) years of hands-on experience in Mortgage-Backed Securities portfolio support
• CFA designation
• Expert knowledge of Bloomberg Terminal software
• Familiarity with Yieldbook and Intex
• Expert knowledge of Excel
• Strong level of curiosity with macroeconomics and about global fixed income markets
• Comfortable in an unstructured environment
• Able to synthesize disparate sources of information into an understandable opinion
• Comfortable with complexity and frequently bespoke fixed income structures

Special Requirements

A resume and cover letter are required to be uploaded with your application. Please combine the resume and cover letter into one pdf file to upload to application. Due to the confidential nature of the work, selected candidates must undergo and pass a background and credit check.

SELECTION PROCESS

Please make sure that you provide sufficient information on your application to show that you meet the minimum 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 and placed on the employment (eligible) list for at least one year. This list will be used by the hiring agency to select employees.

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 hire.

Due to the confidential nature of the work, selected candidates must undergo and pass a background check.

EXAMINATION PROCESS

The examination will consist of a rating of your education, training, and experience as presented on your application and as they relate to the requirements of the 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.

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.
• Holidays - State employees also celebrate at least thirteen (13) holidays per year.
• Pension - State employees earn credit towards a retirement pension.
• Positions may be eligible for telework.

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 State’s diversity.

People with disabilities and bilingual candidates are encouraged to apply.

We thank our Veterans for their service to our country.

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