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Managing Director – Real Assets

MSRPS - Investment Division

Recruitment #26-005013-0003

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Introduction

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The 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. 

Located 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 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.

LOCATION OF POSITION

120 East Baltimore Street  

Baltimore, Maryland 21202 

Main Purpose of Job

 

The MSPRS Investment Division is seeking an exceptional individual to serve as Managing Director of Real Assets within its Investment Division.  The Managing Director leads a team of investment professionals responsible for meeting risk and return objectives, and establishes investment strategy and program goals, particularly as they relate to real estate, infrastructure and natural resources investments.  

Further the Managing Director:

* Develops standards and controls to meet objectives;  

* Recommends and assists with determining appropriate indices and guidelines for evaluating investment performance;  

* Provides direct leadership, oversight and management of professional investment staff, external investment managers and consultants; 

* Ensures that the integrity of the established investment framework is maintained and that policies and procedures are followed;  

* Identifies potential areas of risk and develops/implements corrective action;  

* Provides guidance and recommendations for allocation of assets within the areas of real estate, infrastructure and natural resources;  

* Serves as an independent evaluator to ensure that investment concerns are appropriately monitored, evaluated, resolved and communicated;  

* Collaborates with the CIO, Deputy CIO and other Managing Directors to review and coordinate investment strategies across products;  

* Develops and applies quantitative analytics to monitor and mitigate various types of risk associated with an investment strategy;  

* Gathers data, analyzes results and communicates performance results.

 

This position is a management service position and serves at the pleasure of the Appointing Authority.

POSITION DUTIES

Position responsibilities include:

* Works directly with the Board of Trustees, Investment Committee, Executive Director, CIO, DCIO, external consultants, external managers and others in the development, implementation and maintenance of broad investment policies established by the Board of Trustees. 
* Establishes overall investment management program goals, standards, and controls to meet risk and return objectives.   
* Oversees investment professionals and financial resources of the investment management program.  
* Ensures the integrity of the established investment framework through implementation of policies and procedures, awareness of rules, laws, and regulations by professional investment staff, external investment managers, and consultants. 
* Monitors and manages relationships with external investment managers for an asset class.   
* Oversees due diligence process, reviewing portfolio holdings and strategies, analyzing performance and compliance with investment guidelines.   
* Represents the Agency before senior managers, external investment managers, consultants and others concerning investment performance relative to objectives.  
* Develops, initiates, maintains, and revises policies and procedures to mitigate risk. 
* Performs other duties and responsibilities as may reasonably be expected in investment strategy, risk mitigation and division management. 
* Other duties as assigned.

MINIMUM QUALIFICATIONS


Education: Possession of a bachelor’s degree from an accredited four-year college in Math, Science, Economics, Finance, Accounting, Business Administration, Public Administration, or similar fields of study.

 

Experience: Eight years of professional investment 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.

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

SELECTION PROCESS

Resumes are required as part of your application. Please upload along with application. 

Please 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. 

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. 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.

If you are selected for an interview, you will be contacted via the email address listed on your application.  

BARGAINING UNIT STATUS

This position is exempt from bargaining.

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.

· Parental Leave - up to sixty (60) days of paid parental leave upon the birth or adoption of a child. 

· Holidays - State employees also celebrate at least thirteen (13) holidays per year.   

· Pension - State employees earn credit towards a retirement pension. 

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:  

Maryland State Retirement and Pension Systems 

Human Resources Section 

120 E. Baltimore Street 

Baltimore, MD 21202 

Email: Nick Pindale at npindale@sra.state.md.us


PLEASE DO NOT SUBMIT UNSOLICITED DOCUMENTATION   


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.   


TTY Users: call via Maryland Relay  



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