Managing Director, Emerging Managers, Durable Capital, and Govern

State of Maryland • Baltimore City, MD

1d

About The Position

The Maryland State Retirement & Pension System (SRPS) is seeking a Managing Director, EDGE (Emerging Managers, Durable Capital & Governance Excellence) to provide senior leadership for an integrated platform covering the Terra Maria Emerging Manager Program, ESG and Corporate Governance (including proxy voting), and investment-related compliance. Reporting directly to the Chief Investment Officer, this role is a senior leadership position within the Investment Division and serves as a trusted advisor to the CIO, Executive Director, and Board .

Requirements

• Bachelor’s degree from an accredited college or university.
• Eight years experience operating in a fiduciary, board-governed environment
• Eight years experience overseeing or reviewing a large, diversified investment portfolio or investment program
• Eight years of broad and extensive management experience at a major financial institution, asset owner, investment firm, or governmental agency, including supervisory experience over professional staff.

Nice To Haves

• Senior leadership experience at a public pension fund, sovereign wealth fund, endowment, or large institutional allocator.
• Experience with emerging manager programs, DEI, ESG integration, corporate governance, proxy voting, or investment compliance.
• Demonstrated credibility working with boards, regulators, and senior stakeholders.
• Deep understanding of rules, laws, and regulations governing US public pension funds.
• Strong judgment, integrity, and ability to manage complex, high-visibility issues.

Responsibilities

• Direct, manage, and monitor, using best practices in portfolio management, construction and reporting tools, efficient implementation of investment objectives for EDGE program.
• Establish priorities, frameworks, and performance expectations aligned with the System’s fiduciary mission and total-portfolio objectives.
• Serve as a senior advisor to the CIO on governance, stewardship, innovation, compliance and long-term investment risk.
• Oversee program implementation and provide thought leadership and guidance on investment strategies, portfolios, programs, and policies within approved risk guidelines.
• Coordinate inclusion of multi asset class research, analysis, and information into investment decision making, capital planning, and risk management in collaboration with other division leaders.
• Provides high-level oversight and direction to EDGE staff to implement and comply with investment policy; implement investment strategies directed by the CIO.
• Designs and implements appropriate investment techniques to ensure long-term fund sustainability.
• Provides executive-level leadership, guidance, and oversight for managers and team members within EDGE in alignment with the total fund’s objectives, and consistent with the MSRPS’s value and culture.
• Identifies potential areas of compliance vulnerability and risk, develops / implements corrective action plans for resolution, and provides guidance on mitigation of similar situations in the future.
• Participates in the selection of investment professionals and encourages a diverse workforce that promotes an environment that supports MSRPS cultural values.
• Oversees strategic relationship management functions with fund administrators and custodians, investment and finance industry forums, and pension industry forums.
• Execute on Investment Division and enterprise level initiatives and priorities.
• Represent the Investment Division on cross-enterprise leadership groups, project teams, and working groups which align with meeting enterprise strategic business planning objectives.
• Work closely with the System’s Board, Executive Office, and stakeholders as and when needed.
• Create and present complex investment positions to the Board of Trustees, Investment Committee and other bodies.
• Represent the Investment Division, the CIO, or MSRA at external forums, conferences, stakeholder groups, or federal/state legislative bodies.

Benefits

• health insurance, dental, and vision plans offered at a low cost.
• 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 thirteen (13) holidays per year.
• Pension - State employees earn credit towards a retirement pension.

What This Job Offers

• Job Type: Full-time
• Career Level: Director