Managing Director – Real Assets

State of Maryland•Baltimore City, MD

1d•Onsite

About The Position

The Maryland State Retirement and Pension System (MSRPS) administers benefits for over 397,000 members, including active employees, retirees, and vested participants across 12 retirement systems—supporting the financial security of Maryland’s public servants. Located in Baltimore’s Central Business District, MSRPS offers a purpose-driven workplace with modern amenities, including panoramic city and harbor views, renovated common areas, upgraded elevators, and an on-site café. Employees enjoy comprehensive state benefits including medical, dental, prescription coverage, generous paid leave, participation in the state pension system, and supplemental retirement savings options (401(k), 457(b), and more). Additional perks include an on-site fitness center with showers and lockers, 24/7 building security, and easy access to restaurants, shops, public transit, and major highways. The MSPRS Investment Division is seeking an exceptional individual to serve as Managing Director of Real Assets within its Investment Division. The Managing Director leads a team of investment professionals responsible for meeting risk and return objectives, and establishes investment strategy and program goals, particularly as they relate to real estate, infrastructure and natural resources investments.

Requirements

Possession of a bachelor’s degree from an accredited four-year college in Math, Science, Economics, Finance, Accounting, Business Administration, Public Administration, or similar fields of study
Eight years of professional investment experience

Nice To Haves

Supervisory experience of one or more individuals
CFA, CAIA, or FRM designation
10 years or more of progressive responsibility in investments related to real estate, infrastructure and natural resources experience
Knowledgeable regarding best practices to promote and maintain an equal employment opportunity work environment that is in compliance with applicable laws, rules and regulations

Responsibilities

Develops standards and controls to meet objectives
Recommends and assists with determining appropriate indices and guidelines for evaluating investment performance
Provides direct leadership, oversight and management of professional investment staff, external investment managers and consultants
Ensures that the integrity of the established investment framework is maintained and that policies and procedures are followed
Identifies potential areas of risk and develops/implements corrective action
Provides guidance and recommendations for allocation of assets within the areas of real estate, infrastructure and natural resources
Serves as an independent evaluator to ensure that investment concerns are appropriately monitored, evaluated, resolved and communicated
Collaborates with the CIO, Deputy CIO and other Managing Directors to review and coordinate investment strategies across products
Develops and applies quantitative analytics to monitor and mitigate various types of risk associated with an investment strategy
Gathers data, analyzes results and communicates performance results
Works directly with the Board of Trustees, Investment Committee, Executive Director, CIO, DCIO, external consultants, external managers and others in the development, implementation and maintenance of broad investment policies established by the Board of Trustees
Establishes overall investment management program goals, standards, and controls to meet risk and return objectives
Oversees investment professionals and financial resources of the investment management program
Ensures the integrity of the established investment framework through implementation of policies and procedures, awareness of rules, laws, and regulations by professional investment staff, external investment managers, and consultants
Monitors and manages relationships with external investment managers for an asset class
Oversees due diligence process, reviewing portfolio holdings and strategies, analyzing performance and compliance with investment guidelines
Represents the Agency before senior managers, external investment managers, consultants and others concerning investment performance relative to objectives
Develops, initiates, maintains, and revises policies and procedures to mitigate risk
Performs other duties and responsibilities as may reasonably be expected in investment strategy, risk mitigation and division management
Other duties as assigned

Benefits

health insurance
dental
vision plans
Personal Leave - 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 - at least thirteen (13) holidays per year
Pension - State employees earn credit towards a retirement pension
401(k)
457(b)