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MSRPS Investment Associate Internship

Recruitment #23-008992-0002

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Introduction

The Maryland State Retirement 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. These groups include state government employees, teachers, law enforcement personnel, legislators, judges and local government employees and fire fighters whose employers have elected to participate in the system.

The Investment Division of the Maryland State Retirement Agency seeks two bright, highly motivated individuals to join our Investment Analyst Internship Program. Each Intern will have a hands-on opportunity to apply what has been learned in the classroom to a real world, large-scale investment operation. The interns will be assigned special projects, learn how to utilize financial software, and work with experts who are responsible for investing the plan assets of the Maryland State Retirement and Pension System, totaling approximately $65.2 Billion as of June 30, 2023. This is an opportunity for students going into their junior, senior, or graduate studies, or a recent graduate (December 2023 or May 2024) at the start of the internship. 

The Interns, like our Investment Team, must maintain a positive team management approach and be both results driven and creative problem solvers who work together to assist the team in managing our global multi-asset portfolio. 

The Investment Division is committed to providing a professional work experience that will give the Investment Analyst Interns a complete understanding of the institutional investment process and to provide a diverse and inclusive workplace that embraces both analytical and innovative thinkers. Interns will have the opportunity to work on special projects in one or more areas including Public Equity, Fixed Income, Real Estate, Private Equity, Absolute Return, Compliance, and/or Accounting and Operations.

Dates of the Internship

The start of the internship is May 29, 2024. This internship will run about 12 weeks, subject to the availability of selected candidates. This internship will follow a hybrid model: a combination of in-person and virtual presence will be required.

GRADE

HRLY 0005

LOCATION OF POSITION

Maryland State Retirement Agency

120 East Baltimore Street, Baltimore, MD  21202

POSITION DUTIES

As a Summer Intern you will:

  • Have the opportunity to work on special projects in one or more areas of the Investment Division;
  • Conduct research projects that could directly be implemented to make investment decisions;
  • Present research findings to senior management;
  • Have the opportunity to learn about macroeconomic and political events through industry seminars & conferences and how those events tie into the investment process;
  • Learn about and assist with the investment manager due-diligence process;
  • Acquire foundational skills over a wide range of investment disciplines and asset classes; an
  • Perform other department related projects and duties as assigned

MINIMUM QUALIFICATIONS

Education: Current sophomores, juniors, or seniors matriculating to junior, senior, or graduate status in a four-year college or university at the start of the internship with a 3.0 or higher GPA. All majors would be considered.

Experience: None

****TRANSCRIPTS ARE REQUIRED FOR THIS RECRUITMENT.

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 to receive credit.

  • Minimum of 15 credit hours in STEM or Finance related subjects at the start of the internship. 
  • Proficient in Microsoft Excel, Word, and PowerPoint. 
  • Have ties to Maryland (attendance of the Maryland based university and/or Maryland residence). 
  • Knowledge of or possession of coding skills in R, Python, or other programing languages. 

Ideal candidates should have: 

  • Excellent communication and interpersonal skills. 
  • Intellectual curiosity and strong problem-solving skills. 
  • Excellent analytical skills and attention to detail. 
  • Ability to work independently with moderate direction and as part of a team. 
  • Ability to establish and maintain cooperative working and professional relationships. 
  • Ability to quickly adapt to changes in priorities, assignments, and timelines.  
  • Possession of high integrity and ethical values.

FURTHER INSTRUCTIONS

Online applications are highly recommended. However, if you are unable to apply online, the paper application and supplemental questionnaire may be submitted to: 

Department of Budget and Management, Recruitment and Examination Division, 

301 W. Preston St., Baltimore, MD 21201.

Paper application materials must be received in our office by the closing date for the recruitment. No postmarks will be accepted. TRANSCRIPTS ARE REQUIRED FOR THIS RECRUITMENT.

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.

We thank our Veterans for their service to our country.

People with disabilities and bilingual candidates are encouraged to apply.

As an equal opportunity employer, Maryland is committed to recruitment, retaining and promoting employees who are reflective of the State's diversity.




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