Sr. Investment Analyst II MSRP

MD; Baltimore (MD); Hybrid; USD 90,000 - 130,000; Full time

Benefits offered by this job

Telework eligibility

State benefits

Health insurance

Job summary

The Maryland State Retirement Agency seeks a Senior Investment Analyst II to assist in sourcing, evaluating, and monitoring external managers while supporting portfolio construction through research, market analysis, and investment recommendations. The role involves data management, reporting, and collaborating with internal teams.

Located in Baltimore, this hybrid telework eligible position requires completing training and working within a structured state environment.

Qualifications

• Bachelor's degree from an accredited college or university.
• Three years of experience in business or finance with an analytic focus.
• Five years of experience performing investment research and providing analysis/recommendations.
• Knowledge of private investment asset classes and due diligence.

Responsibilities

• Interact with managers to discuss performance, outlook and changes.
• Monitor managers via update calls and meetings.
• Participate in industry groups with other state funds to share best practices.
• Assess risk/return characteristics to meet portfolio objectives.
• Support data management, reporting and process improvement.
• Conduct market analysis to develop investment ideas and recommendations.

Skills

Investment research

Investment analysis

Communication skills

Excel modeling

Education

Bachelor's degree

Tools

MS Excel

Job description

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 caf�.

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.

This position is designated as hybrid telework eligible under the State of Maryland’s Telework Policy, after successfully completing the defined required training period.

This is a Special Appointment position and serves at the pleasure of the Appointing Authority.

GRADE

MSRP0009

LOCATION OF POSITION

120 East Baltimore Street
Baltimore, Maryland 21202

Main Purpose of Job

This position assists in the sourcing, evaluation, selection, and ongoing monitoring of external managers while supporting portfolio construction and management efforts through investment idea generation, market and sector research, qualitative and quantitative analysis, and development of investment recommendations.

POSITION DUTIES

The Senior Investment Analyst II’s responsibilities include, but are not limited to:

• Interacting with potential and existing managers to discuss performance, attribution, firm changes, outlook, etc.
• Monitoring and overseeing managers through participation in update calls, advisory board meetings, and annual general meetings.
• Participating in industry groups and with other state pension funds to continue to develop best practices in manager evaluation and investment analysis.
• Determining whether prospective strategies exhibit risk and return characteristics that meet portfolio objectives while utilizing qualitative and quantitative analysis to support investment ideas and recommendations.
• Data management, reporting, and process improvement.
• Investigating and completing market analysis and research projects to develop knowledge and experience in multiple asset classes.
• Organizing and maintaining data and reports in the System's client relationship management platform.
• Researching trends and relationships between asset classes to develop historical perspective.
• Assisting in the efficient operation of the division by working on special projects as needed.

MINIMUM QUALIFICATIONS

• Education: A Bachelor's degree from an accredited college or university.
• Experience: Three years of experience in business or finance with an analytical focus or other relevant 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.

• Knowledge of the principles, practices and procedures of investment management, knowledge of appropriate safeguards and risk mitigants in an investment program, and knowledge of one or more private investment asset classes.
• Five years of experience performing investment research and providing investment analysis/recommendations.
• Knowledge of both public and private credit markets.
• Institutional investment experience, particularly in performing due diligence on private credit strategies.
• Experience sourcing and underwriting opportunities to invest with emerging and diverse investment managers.
• Strong verbal and written communication skills.
• Proficiency with MS Excel for modeling and analysis.
• Ability to work independently and appropriately prioritize tasks.
• CFA/CAIA or desire to work towards certification.

SPECIAL REQUIREMENTS

A resume and cover letter are required to be uploaded with your application as well a copy of a transcript/ degree.

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.

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.

FURTHER INSTRUCTIONS

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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