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INVESTMENT ASSOCIATE – Corporate Governance

Recruitment #26-005030-0001

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Introduction

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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 governmental employees within the State of Maryland. It’s composed of twelve (12) separate retirement and pension systems with over 50 different rule sets. The System has over 397,000 participants (customers), including 192,000 members who are actively employed and participating in the System, 165,000 payees who receive a monthly payment from the System, and 40,000 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. 

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

GRADE

MSRP 0006

LOCATION OF POSITION

120 E. Baltimore St.
Baltimore, MD 21202

Main Purpose of Job

The Investment Associate of Corporate Governance is responsible for assisting with the development and execution of Environmental, Social and Governance (ESG) and Diversity initiatives, and the monitoring, evaluation, and quantification of related risks and effects on the System’s investment portfolio. The responsibilities include assisting with managing the System’s divestment programs to ensure compliance with laws, supporting the development and execution of the Governance and Proxy Voting program, and assisting with related tasks to ensure the System’s governance program objectives are met.

POSITION DUTIES

Position duties include but are not limited to the following:

 

· Assist with Environmental, Social and Governance (ESG) and Diversity initiatives and tasks to integrate ESG into investment due diligence processes across asset classes.

· Support tracking and reporting on ESG and Diversity initiative efforts by external and internal managers and other related ESG data.

· Assist with the development of any ESG related reports required by the Legislature or as necessary for the Investment Division, including the annual Climate Risk Report.

· Assist with assessing and partnering with external data providers, including managers and consultants, to analyze, define and prioritize relevant ESG and Diversity metrics.

· Assist with managing meetings and minutes of the Climate Advisory Panel.

· Assist with conducting ESG analyses/analytics of potential and existing investments.

· Support generation of documents and information related to the Investment Division’s integration of ESG and climate change-related factors into investment due diligence.

· Assist with the evaluation of divestment laws to determine compliance.

· Identify and monitor existing and potential companies that may be or are subject to Maryland divestment laws.

· Assist with reporting divestment activities to management, the legislature and the Board of Trustees.

· Assist with managing the proxy voting process and ensure that proxies are voted in accordance with the System’s custom proxy guidelines.

· Maintain knowledge of best practices and current trends in corporate governance topics.

· Assist with engagement activities related to corporate governance topics.

· Assist with managing meetings and minutes of the Corporate Governance and Securities Litigation Committee.

· Assist with the development, update and documentation of governance and proxy voting policies, procedures and processes.

MINIMUM QUALIFICATIONS

MINIMUM QUALIFICATIONS

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

Experience: Applicants can substitute a minimum of three years of relevant experience in corporate governance, ESG/Sustainability, and investments or finance for the required education qualification.

DESIRED OR PREFERRED QUALIFICATIONS

PREFERRED QUALIFICATIONS 

Preference will be given to candidates with knowledge of and experience with the following: 
· Experience with Environmental, Social and Governance (ESG), and Diversity integration, including external manager due diligence. 
· Experience with ESG regulatory, standards setting, and shareholder engagement organizations, ESG measurement tools, ESG data applications and rating systems. 
· Experience with extracting insights from ESG data analysis/analytics to inform investment decisions. 
· Experience with Corporate governance, the proxy voting process, and investment stewardship best practices.
· Experience with Adobe PDF, Microsoft Office – including robust Excel skills (pivot tables, complex formulas, large data sets), and a working knowledge of the Python programming language.

SPECIAL REQUIREMENTS

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

SELECTION PROCESS

Please make sure you provide sufficient information on your application to show that you meet the minimum qualifications for this recruitment and submit all additional documentation as required as noted below in the “Further Instructions” section. All information concerning your qualifications must be submitted by the closing date. Applicants who meet the minimum qualifications and submit the required documentation will proceed to the next phase of evaluation. Candidates may be interviewed in person or via telephone to determine selection.

BARGAINING UNIT STATUS

This position is exempt for Bargaining.

BENEFITS

Click on the link below to see the Benefits for State Employees


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) personal 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 to:  

Maryland State Retirement and Pension Systems 
Human Resources Services 
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   


Click on a link below to apply for this position:

Fill out the Application NOW using the Internet. Apply Online
Apply via Paper Application. You may also download and complete the Paper Application here.

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