Sr. Portfolio Manager II MSRP
Recruitment #25-005041-0001
Department | Maryland State Retirement and Pension Systems |
---|---|
Date Opened | 1/13/2025 4:59:00 PM |
Filing Deadline | 2/14/2025 11:59:00 PM |
Salary | $151,685- $227,528 |
Employment Type |
Full-Time
|
Work Location |
Baltimore City
|
Telework Eligible | Yes |
Introduction
GRADE
LOCATION OF POSITION
Main Purpose of Job
Leads the outreach, manager interaction and sourcing functions for the Terra Maria program
Identify high value conferences and events to engage with emerging managers and attend, speak or otherwise support the emerging manager ecosystem
Design and maintain multiple access points for managers to engage with the System
Ensure managers receive acknowledgement and feedback on their submissions
Employ, develop and maintain manager databases to identify managers that may be eligible and valuable to the program
Establish processes to promote access for emerging managers, including attending conferences and hosting emerging manager events
Produce regular reporting for the Terra Maria program appropriate for the Investment Committee and Board, system website, legislative reporting
Report quarterly on the activity and performance of the program during weekly division investment committee meetings
Provide strategy research and recommend promising emerging managers to asset class teams or the division.
Conduct research into markets, sectors, regions where emerging managers have demonstrated a history of outperformance
Develop and implement diligence templates by asset class to help identify promising managers, particularly in areas of focus for annual plans
Collaborate with asset class teams to evaluate recommended managers/partners
Facilitate and participate in final diligence process and commitment recommendation with asset class teams
Monitor existing emerging managers for consideration for potential graduation into a larger assignment based on success and portfolio fit
Responsible for facilitating the development of a successful emerging manager portfolio as measured by the aggregate performance of the managers relative to a weighted average of the appropriate benchmarks for each
Sets return and risk objectives for Terra Maria managers and monitors performance to those targets
Conducts detailed performance attribution of Terra Maria Managers to explain the sources of risk and return
Determines whether a prospective manager exhibits the appropriate style and characteristics relative to the System’s existing exposures
Special Projects as Assigned
On an ongoing basis, lead and participate in procurement processes for division services
On an ad hoc basis, lead special projects as determined by the CIO
POSITION DUTIES
Lead the Investment Division’s emerging manager program.
Develop and
implement effective tools and systems to efficiently receive, evaluate and
monitor inquiries from emerging managers and corresponding communication
practices.
Develop and maintain sourcing methodologies and a database
of emerging managers across all asset classes.
Develop and maintain a feedback, referral and connection
program to maximize the value the System and managers receive from the Terra
Maria program.
Develop an evaluation framework for emerging managers
across all asset classes.
Conduct research into markets, sectors and regions where
emerging managers have demonstrated a history of outperformance.
Research strategies, vehicles and managers to identify the
most effective avenue to access emerging managers in each asset class.
Conduct reviews of the manager structure within each asset
class and make recommendations to asset class teams regarding the addition of
potential emerging managers.
Develop a graduation framework across asset classes to
transition emerging managers to larger mandates.
Review existing emerging managers and actively propose
graduation candidates to the asset class teams.
Work with the System’s external affairs unit in developing
a communications platform to promote the System’s effort in being inclusive and
providing access to emerging managers.
Attend emerging manager conferences and host events to
promote emerging manager access.
Expand the Terra Maria program to include evaluation of
Maryland-based investment
opportunities.
Track the System’s exposure to Terra Maria managers and
provide regular reporting on the program, in percentage and dollar terms, to
the Investment Committee, Board, and General Assembly.
Prepare presentation materials for Investment Committee
meetings.
MINIMUM QUALIFICATIONS
DESIRED OR PREFERRED QUALIFICATIONS
SELECTION PROCESS
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.
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
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. CLICK
ON THIS LINK FOR MORE DETAILS: STATE OF MARYLAND BENEFITS.
- 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 twelve (12) holidays per
year.
- Pension
- State employees earn credit towards a retirement pension.
- Positions
may be eligible for telework.
FURTHER INSTRUCTIONS
Applicants are encouraged to apply online via the State
on-line employment application system at the following web address: https://jobapscloud.com/MD/ to be
considered for this recruitment. However, if you are unable to apply
online, the paper application and supplemental questionnaire may be forwarded to the Department of Budget and Management,
Recruitment and Examination Division, 301 W. Preston St., Baltimore, MD 21201.
DO NOT SUBMIT FORM MS-100 AS IT WILL BE RETURNED.
Resumes are not accepted in lieu of the State application.
Please refrain from writing “See Resume” or “See Attached” on the application.
All information concerning your qualifications must be
submitted online or received in our office no later than 2/14/2025. We
will not consider information submitted after this date.
Due to the confidential nature of the work, selected
candidates must undergo and pass a background check.
Applications may be obtained by visiting the DBM website
at: https://jobapscloud.com/MD/
Please make sure we receive your cover letter, Maryland
State Application and resume.
Click on a link below to apply for this position:
Fill out the Supplemental Questionnaire and Application NOW using the Internet. | Apply Online |
View and print the Supplemental Questionnaire. | This recruitment requires completion of a supplemental questionnaire. You may view and print the supplemental questionnaire here. |
Apply via Paper Application. | You may also download and complete the Paper Application here. |