Investment Analyst II - Securitized (Sr. Investment Analyst II MSRP)

Introduction

\r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n\r\n \r\n\r\n�\r\n�The\r\nMaryland State Retirement Agency is the administrator of the Maryland State\r\nRetirement and Pension System (“System”). The System is a defined benefit\r\nretirement system covering State and local government employees of Maryland.\r\nIt’s composed of twelve (12) separate retirement and pension systems with over\r\n50 different rule sets. The System has over 433,000 participants (customers),\r\nincluding 210,000 members who are actively employed and participating in the\r\nSystem, 179,000 payees who receive a monthly payment from the System, and 44,000\r\nvested members who are no longer actively employed but have earned a benefit\r\nthat will become payable at a future date.\r\nLocated\r\nin Baltimore’s Central Business District, SRPS offers a purpose-driven\r\nworkplace with modern amenities, including panoramic city and harbor views,\r\nrenovated common areas, upgraded elevators, and an on-site caf�. \r\nEmployees\r\nenjoy comprehensive state benefits including medical, dental, prescription\r\ncoverage, generous paid leave, participation in the state pension system, and\r\nsupplemental retirement savings options (401(k), 457(b), and more). Additional\r\nperks include an on-site fitness center with showers and lockers, 24/7 building\r\nsecurity, and easy access to restaurants, shops, public transit, and major\r\nhighways. \r\nIf\r\nyou're seeking a career with impact, stability, and a supportive environment,\r\nexplore opportunities with MSRPS.\r\nThe Agency is seeking a Fixed Income\r\ninvestment professional to serve as Senior Investment Analyst in the Fixed\r\nIncome unit of the Investment Division.\r\nThe Senior Investment Analyst reports directly to the Managing Director\r\nof Fixed Income Currencies and Commodities team. Under the direction of the\r\nManaging Director, the Senior Investment Analyst will focus on supporting\r\ninternally managed Securitized Fund and assist in sourcing, evaluating,\r\nrecommending, executing, and monitoring portfolio investments.� Perform quantitative analyses as\r\nassigned.� Assist or lead reporting as\r\nrequired.� �\r\nThis\r\nposition is designated as telework‑eligible (hybrid) under the State of Maryland’s Telework\r\nPolicy, after successfully completing the defined required training period.\r\n\r\n\r\nThis is a Special Appointment position and serves at the pleasure of\r\nthe Appointing Authority.\r\n

GRADE

MSRP0009\r\n\r\n

LOCATION OF POSITION

120\r\nEast Baltimore Street\r\nBaltimore,\r\nMaryland 21202\r\n

Main Purpose of Job

\r\nThe purpose of this position is to independently perform all front\r\noffice support functions for the internally managed Securitized Fund, assist\r\nwith oversight of externally managed strategies within securitized space or as\r\nassigned, contribute to the trading process, perform relevant research and\r\nanalysis, routinely generate actionable investment recommendations, perform due\r\ndiligence, modeling and monitoring.\r\n

POSITION DUTIES

Responsibilities include, but are not limited to:\r\n�\r\nPerforming\r\ncomplete analytical support for the internally managed Securitized Fund and for\r\nexternally managed Securitized strategies.\r\n�\r\nAssisting\r\nthe Senior Portfolio Manager in conducting fundamental & quantitative\r\nanalysis of securitized fixed income securities. \r\n�\r\nMonitoring\r\nand managing risk exposures and risk level of new and existing trades.\r\n�\r\nCollaborating\r\nwith portfolio managers, research providers, and broker dealers to gather\r\ninsights and information for trading decisions. \r\n�\r\nCollaborating\r\nwith other teams within the Investment Division to ensure accuracy of the\r\nperformance and risk analytics for all Securitized investments.\r\n�\r\nReviewing\r\nand reconciling cash, positions, performance and trading activity with the portfolio management system, the compliance system, the custodian & the\r\nrisk system. \r\n�\r\nManaging\r\nrelationships with counterparties including supporting adding brokers.\r\n�\r\nParticipating\r\nin executing legal agreements such as MSFTAs and futures give-up agreements.\r\n�\r\nContributing\r\nto trading and to process of trading and serving as an effective back up to the\r\nLead Portfolio Manager for an internally managed Securitized Fund.\r\n�\r\nMonitoring\r\neconomic indicators, markets, external research or anything else relevant for\r\nthe Rate Sensitive and Credit portfolios.\r\n

MINIMUM QUALIFICATIONS

\r\n\r\nEducation: A four-year degree from an accredited four college/University in quantitative discipline such as Mathematics, Statistics, Computer Science, Data Science, Physics, Engineering, Economics, or Finance.� �\r\n\r\n\r\nExperience: Three years of relevant investments or finance experience.�\r\n\r\n\r\nNotes:\r\n\r\n\r\n\r\n Applicants may substitute a minimum of four years of additional relevant investments or finance experience for the required education qualification.�\r\n Relevant master’s degrees, CFA, or CPA can count for two years of relevant professional experience.�\r\n CAIA can count for one year of relevant professional experience.�\r\n A relevant PhD can count for the required professional experience.\r\n\r\n\r\n\r\n

DESIRED OR PREFERRED QUALIFICATIONS

Please note that your answers to\r\nthe supplemental questionnaire must correspond to the information provided on\r\nyour application to receive credit.\r\n\r\n\r\n Preferred candidates likely possess the following\r\n qualifications: \r\n Master’s Degree from an accredited University with a\r\n focus on STEM or Finance\r\n Two (2+) years of hands-on experience in Mortgage-Backed\r\n Securities portfolio support\r\n CFA designation\r\n Expert knowledge of Bloomberg Terminal software\r\n Familiarity with Yieldbook and Intex\r\n Expert knowledge of Excel\r\n Strong level of curiosity with macroeconomics and about\r\n global fixed income markets\r\n Comfortable in an unstructured environment\r\n Able to synthesize disparate sources of information into\r\n an understandable opinion\r\n Comfortable with complexity and frequently bespoke fixed\r\n income structures\r\n\r\n\r\n

SPECIAL REQUIREMENTS

A resume and cover letter are required\r\nto be uploaded with your application. Please combine the resume and cover\r\nletter into one pdf file to upload to application. \r\nDue\r\nto the confidential nature of the work, selected candidates must undergo and\r\npass a background and credit check.\r\n

SELECTION PROCESS

Please\r\nmake sure that you provide sufficient information on your application to show\r\nthat you meet the minimum for this recruitment.\r\nAll information concerning your qualifications must be submitted by the\r\nclosing date. We will not consider information submitted after this date.\r\nSuccessful\r\ncandidates will be ranked and\r\nplaced on the employment (eligible) list for at least one year. This list will\r\nbe used by the hiring agency to select employees. \r\nFor\r\neducation obtained outside the U.S., a copy of the equivalent American\r\neducation as determined by a foreign credential evaluation service must be\r\nprovided prior to hire.\r\nDue\r\nto the confidential nature of the work, selected candidates must undergo and\r\npass a background check. \r\n

EXAMINATION PROCESS

The\r\nexamination will consist of a rating of your education, training, and\r\nexperience as presented on your application and as they relate to the\r\nrequirements of the position. You may be asked to complete a supplemental\r\nquestionnaire. The supplemental questionnaire may be used as part of the rating\r\nprocess. Therefore, it is important that you provide complete and accurate\r\ninformation on your application. \r\n

BENEFITS

STATE OF MARYLAND BENEFITS\r\nAs\r\nan employee of the State of Maryland, you will have access to outstanding\r\nbenefits, including: health insurance, dental, and vision plans offered at a\r\nlow cost. \r\n� Personal\r\nLeave - new State employees are awarded six (6) personnel days annually (prorated based on start date).\r\n� Annual\r\nLeave - ten (10) days of accumulated annual leave per year.\r\n� Sick\r\nLeave - fifteen (15) days of accumulated sick leave per year.� \r\n� Holidays\r\n- State employees also celebrate at least thirteen (13) holidays per year.� \r\n� Pension\r\n- State employees earn credit towards a retirement pension.\r\n� Positions\r\nmay be eligible for telework.\r\n

FURTHER INSTRUCTIONS

The\r\nonline application process is STRONGLY preferred. If you are unable to apply\r\nonline, you may mail a paper application and supplemental questionnaire to:\r\n�\r\nMaryland\r\nState Retirement and Pension Systems\r\nHuman\r\nResources Section\r\n120\r\nE. Baltimore Street\r\nBaltimore,\r\nMD 21202\r\nATTN:\r\nAshley Lohr\r\nMust\r\nbe postmarked by the closing date.\r\nEmail:\r\nalohr@sra.state.md.us\r\n�\r\nPLEASE\r\nDO NOT SUBMIT UNSOLICITED DOCUMENTATION\r\nThe\r\nresulting certified eligible list for this recruitment may be used for similar\r\npositions in this or other State agencies.\r\nAs\r\nan equal opportunity employer, Maryland is committed to recruiting, retaining\r\nand promoting employees who are reflective of the State’s diversity.\r\nPeople\r\nwith disabilities and bilingual candidates are encouraged to apply.\r\nWe\r\nthank our Veterans for their service to our country.\r\n�\r\nTTY\r\nUsers: call via Maryland Relay\r\n