DIRECTOR, INVESTMENT ADMINISTRATION & OPERATIONS

The Maryland State Retirement and Pension System (System) administers survivor, disability and retirement benefits on behalf of almost 414,000 members. These include active and former State employees, teachers, State police, judges and law enforcement. Our mission is to ensure that sufficient assets are available to fund the benefits when due, and to provide a fully funded retirement system that is affordable to all participating employers and provides guaranteed adequate disability, survivor and retirement benefits to our members.

The Investment Division is a 50-member team within the System that is responsible for implementing and managing the defined benefit investment program. The team manages investments internally and partners with external firms to manage a globally diversified portfolio that includes public equity, fixed income, credit, absolute return, real assets and private equity. Total plan assets were $70.4 billion as of 9/30/24.

During the probationary period, this position will work 100% at the office of the Maryland State Retirement Agency. After the probationary/training period, and at the discretion of the Unit Director, this position may be eligible to telework two days per week.

Why you’ll love working here: 

• Collegial, team-based atmosphere. 

• Hybrid working environment. 

• Opportunities for growth and career development. 

• Interesting and meaningful work. 

How you will succeed:

• Team player.

• Strong analytical and critical thinking skills. 

• Passion for quantitative and qualitative analysis. 

• Strong written and verbal communication skills 

• Ability to build relationships. 

• High degree of intellectual curiosity.

 • Strong interest in a results-oriented investment environment

Please make sure we receive your cover letter, Maryland State Application and resume. 

21

120 E. Baltimore Street

The Maryland State Retirement and Pension System is seeking an exceptional individual to serve as Director of Investment Operations within its Investment Division. The Director of Investment Operations will oversee the day-to-day administrative and operational functions of the investments division.

This is a Management Service position, and serves at the pleasure of the Appointing Authority.

Leads the Investment Operations Team.

Education: Bachelor’s degree from an accredited four-year college or university. Note:  Ten years of relevant experience may be substituted for the required education

A CFA and/or CPA designation.

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

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 placed on the eligible (employment) list for at least one year.

The evaluation 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.

STATE OF MARYLAND BENEFITS

Online applications are highly recommended. However, if you are unable to apply online, the paper application, supplemental questionnaire, resume and cover letter 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 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.