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Investment Associate MSRP

Corporate Governance and Compliance

Recruitment #24-005030-0004


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' defined 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 an interesting and challenging work environment that will give the investment team 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 a committed professional to serve in a newly established role within the Investment Division as the Investment Associate of Corporate Governance and Compliance.  The Investment Associate will assist in the Environmental, Social and Governance (the “ESG”), Diversity, Equity and Inclusion (the “DEI”), corporate governance, and investment compliance related efforts. The position will report to the Senior Compliance Manager and work collaboratively with various members of the Investment Division staff.

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


MSRP 0006


120 E. Baltimore St.
Baltimore, MD 21202

Main Purpose of Job

The Investment Associate of Corporate Governance and Compliance is responsible for assisting with the research, reporting and monitoring of corporate governance and investment compliance related functions for the System. These areas include ESG, DEI, proxy voting and engagement, securities litigation, external manager due diligence, external and internal manager investment guideline compliance, regulatory reporting and monitoring, code of ethics, conflicts of interest, personal trading monitoring, material non-public information, public information act requests, and policy and procedure documentation.


Responsibilities include but are not limited to:

  • Assist in ESG and DEI tasks such as working across asset classes to integrate ESG and DEI into investment due diligence, tracking and reporting ESG and DEI efforts by external and internal managers and other related ESG and DEI data, and research and analysis of potential and existing investments;
  • Assist with managing and reporting of investment divestment programs;
  • Assist in managing the proxy voting process and ensuring that proxies are voted in accordance with the System’s custom proxy guidelines;
  • Maintains knowledge of best practices and current trends in corporate governance topics;
  • Assist with engagement activities related to corporate governance topics;
  • Assist with managing meeting and minutes of the Corporate Governance and Securities Litigation Committee;
  • Assist with the various tasks related to the code of ethics, conflicts of interest, personal trading, and material non-public information policies such as attestations, reporting and monitoring; 
  • Assist with monitoring compliance with various investment guidelines for external and internal investment managers;
  • Assist in creating and documenting policies and procedures related to investment compliance;
  • Compile and generate responsive documents and information related to Public Information Act requests;
  • Assist with manager due diligence over external investment managers and private investment funds;
  • Assist with generating reports for regulatory reporting to monitor compliance with several securities laws, rules and regulations.



Graduated from an accredited four-year college or university with a bachelor’s degree before starting the position.

Applicants can substitute a minimum of three years of relevant experience in investment compliance, corporate governance or ESG related tasks for the required education qualification.


The candidate should have some of the qualifications listed below to achieve success with the position’s responsibilities. It is desirable that this individual has knowledge and experience with one or more of:

  • Investment compliance monitoring, external manager due diligence, personal trading monitoring, code of ethics, conflicts of interest, or regulatory reporting;
  • ESG and DEI integration;
  • Key ESG issues, regulatory and standards setting organizations, measurement tools, ESG data applications and rating systems;  
  • Knowledge of corporate governance and stewardship best practices; and
  • Microsoft Office, Adobe PDF, and Bloomberg.


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. Successful candidates will be ranked as Best Qualified, Better Qualified, or Qualified and placed on the eligible (employment) list for at least one year. 




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.



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.

For questions regarding this recruitment, please contact the DBM Recruitment and Examination Division at 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.

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.

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