Application Deadline: May 28, 2021
Salary Range: $68,212.00 - $92,086.00/year
The Associates program within the Investment Division is a two-year program designed to provide a hands-on experience in institutional asset management. The program serves as a potential source of viable candidates for the Division’s long-term staffing initiatives. Associates will have opportunities to gain experience across asset classes as well as operations, accounting, and total plan risk management. Once completed, these experiences will help Associates form an understanding of the different career paths available at the Maryland State Retirement System. At the conclusion of two years, Associates should have developed demonstrable ability to meaningfully contribute to the due diligence of potential/existing managers and implementation of internally managed strategies. In addition, Associates should become familiar with all the processes and reporting requirements of the Investment Division.
Main Purpose Of Job
At the outset of their tenure at Agency, the Investment Associate primarily will be responsible for supporting manager selection and monitoring activities related to the approximately $4.7 billion Absolute Return Portfolio. The ideal candidate will be proficient with statistics and will demonstrate an ability to learn hedge fund investing concepts reasonably quickly.
Secondarily, the Investment Associate will serve as a generalist member of the investment team and will support the Division’s operations and accounting functions as needed. The Investment Associate may participate in the Division’s macroeconomic, tactical asset allocation, and risk/portfolio construction process. In addition, they may assist with various projects and data management initiatives as needed. The ideal candidate will be a multi-tasker able to handle multiple specific responsibilities across the Division at a given time
POSITION DUTIES
A committed and thoughtful individual will participate in the Associates program to support efficient implementation of the System’s investment strategy.
Responsibilities include but are not limited to:
- Assist in manager selection and monitoring of investments for the Absolute Return Portfolio;
- Develop intermediate knowledge of several asset classes as well as operations and accounting functions;
- Assist in the development and formulation of macroeconomic views and help apply those views into tactical portfolio positioning; and,
- Project and data management.
MINIMUM QUALIFICATIONS
Education: Graduated from an accredited four-year college or university with a bachelor’s degree.
Experience: None.
