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ADMINISTRATOR II

Assistant Director, Investment Division /Administration Unit

Recruitment #23-006095-0001

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Introduction

The Maryland State Retirement Agency (the "Agency") is the administrator of the Maryland State Retirement and Pension System (the "System"). The System is a multi-employer, public employees' benefit retirement system composed of twelve (12) separate retirement and pension systems with additional plan components, covering approximately 245,000 active members and more than 160,000 retirees and beneficiaries.

The Agency's Investment team is both results driven and creative problem solvers who work together to manage a global multi-asset portfolio and to provide a secure base of assets to pay the current and future benefits for the underlying retirees and beneficiaries. The Investment Division is committed to providing a comprehensive work environment that will give the investment team members a complete understanding of the institutional investment process and to provide a diverse and inclusive workplace that embraces both analytical and creative thinkers.     

The Agency is seeking an exceptional individual who is a creative problem solver, who is also well organized, detail-oriented, and a self-starter to serve as an Assistant Director, Investment Administration within its Investment Division. The Assistant Director reports directly to the Director of Investment Administration.

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

GRADE

17

LOCATION OF POSITION

120 E. Baltimore Street
Baltimore, MD 21202

Main Purpose of Job

The main role of this position is to work with the Director of Administration and Operations on the Agency’s cash management, internal trading workflow, and operational workflows. When needed, the individual will assist the Managing Director of Administration and Operations

POSITION DUTIES

The specific duties include but are not limited to:

INVESTMENT ADMINISTRATION: 
*Assist in the preparation of the quarterly brokerage commission report. 
*Compile data to be included in annual compliance reporting.   
*Assist with asset transfers, manager transitions, or new funding.

INVESTMENT OPERATIONS:
*Coordinate the workflow around the System’s Internal Trading program, arrange for trade settlements, cash transfers, or wire instructions with external brokers and the custodian. 
*Process corporate action events affecting internally managed funds.  
*Verify security trades and communicate with internal traders and executing brokers, as needed. 
*Monitor trades to ensure timely settlement. 
*Communicate detailed trade data, and act as the liaison between the custodian and executing brokers for trade settlements. 
*Prepare daily report indicating falling trades. 
*Reconcile holdings between Bloomberg and the custodian and research any discrepancies.
*Monitor margin and collateral capital requirements.    
*Assist with the System’s daily cash management process.   
*Advise management of future cash needs.        
*Research potential security class action litigations.    

MINIMUM QUALIFICATIONS

Education:
Graduated from an accredited four-year college or university with a bachelor’s degree.

Experience:  
Relevant experience in accounting, administration, or professional work in accounting/finance, investment operations, or developing/adhering to accounting-related policies and procedures.

SELECTIVE QUALIFICATIONS

Applicants can substitute a minimum of ten years of relevant experience in investment operations for the required education qualification.

The candidate should have some of the experiences listed below to achieve success with the position’s responsibilities. It is desirable that this individual has knowledge and experience with:
    *Bloomberg AIM or a Trade Order Management System  
    *Developing departmental plans and procedures.  
    *Proficient level in Microsoft Excel and Word.

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 as Best Qualified, Better Qualified, or Qualified 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 accompany the application.

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

EXAMINATION PROCESS

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.

BENEFITS

FURTHER INSTRUCTIONS

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

     DBM/Recruitment & Examination Division   
     301 West Preston Street, Room 608   
     Baltimore, MD 21201

For questions regarding this recruitment, please contact the DBM Recruitment and Examination Division at Application.Help@maryland.gov, or 410-767-4850, MD TTY Relay Service 1-800-735-2258.

As an equal opportunity employer, the state of Maryland is committed to recruiting, retaining and promoting employees who are reflective of the State's diversity. Appropriate accommodations for individuals with disabilities are available upon request by calling 410-767-3623.

We thank our Veterans for their service to our country and encourage them to apply. 

Bilingual applicants are encouraged to apply.



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