Investment Analyst II - Securitized

State of Maryland•Baltimore City, MD

5d•Hybrid

About The Position

The Maryland State Retirement Agency is seeking a fixed-income investment professional for the Fixed Income unit of its Investment Division. The position supports the internally managed Securitized Fund and assists with oversight of externally managed securitized strategies. Under the direction of the Managing Director of the Fixed Income Currencies and Commodities team, the analyst helps source, evaluate, recommend, execute, and monitor portfolio investments; conducts quantitative analysis; and assists with reporting. The role performs front-office support, research, analysis, due diligence, modeling, monitoring, and investment recommendations, and contributes to trading. The position is telework-eligible on a hybrid basis after the required training period. It is a Special Appointment position that serves at the pleasure of the Appointing Authority.

Requirements

A four-year degree from an accredited college or university in a quantitative discipline such as mathematics, statistics, computer science, data science, physics, engineering, economics, or finance.
Three years of relevant investments or finance experience.
Applicants may substitute at least four additional years of relevant investments or finance experience for the required education.
Relevant master's degrees, CFA, or CPA may count for two years of relevant professional experience; CAIA may count for one year; a relevant PhD may count for the required professional experience.
A resume and cover letter must be uploaded together as one PDF file with the application.
Selected candidates must pass a background and credit check.

Nice To Haves

Master’s degree from an accredited university with a focus on STEM or finance.
Two or more years of hands-on experience in mortgage-backed securities portfolio support.
CFA designation.
Expert knowledge of Bloomberg Terminal software.
Familiarity with Yieldbook and Intex.
Expert knowledge of Excel.
Strong curiosity about macroeconomics and global fixed-income markets.
Comfort working in an unstructured environment.
Ability to synthesize disparate sources of information into an understandable opinion.
Comfort with complexity and frequently bespoke fixed-income structures.

Responsibilities

Provide complete analytical support for the internally managed Securitized Fund and externally managed securitized strategies.
Assist the Senior Portfolio Manager with fundamental and quantitative analysis of securitized fixed-income securities.
Monitor and manage risk exposures and the risk levels of new and existing trades.
Collaborate with portfolio managers, research providers, and broker-dealers to gather information and insights for trading decisions.
Work with other Investment Division teams to ensure the accuracy of performance and risk analytics for securitized investments.
Review and reconcile cash, positions, performance, and trading activity across the portfolio management system, compliance system, custodian, and risk system.
Manage counterparty relationships, including supporting the addition of brokers.
Participate in executing legal agreements, including MSFTAs and futures give-up agreements.
Contribute to trading and trading processes and serve as an effective backup to the Lead Portfolio Manager for an internally managed Securitized Fund.
Monitor economic indicators, markets, external research, and other information relevant to Rate Sensitive and Credit portfolios.
Perform quantitative analyses and assist with or lead reporting as required.

Benefits

Medical and health insurance plans at low cost.
Dental insurance at low cost.
Vision plans at low cost.
Prescription coverage.
Six personal leave days annually for new State employees, prorated based on start date.
Ten days of accumulated annual leave per year.
Fifteen days of accumulated sick leave per year.
At least thirteen State holidays per year.
Participation in the State pension system.
Supplemental retirement savings options, including 401(k) and 457(b).
On-site fitness center with showers and lockers.
On-site café.
24/7 building security.