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The Robert Toigo Foundation

DIRECTOR, INVESTMENT ADMINISTRATION & OPERATIONS

Maryland State Retirement and Pension System
Published
January 21, 2025
Location
120 E. Baltimore Street, MD
Category
Job Type
Salary
$84,229.00 - $136,003.00
City
Baltimore
State
  • Maryland

Description

The Maryland State Retirement and Pension System (System) administers survivor, disability and retirement benefits on behalf of almost 414,000 members. These include active and former State employees, teachers, State police, judges and law enforcement.

The Investment Division is a 50-member team within the System that is responsible for implementing and managing the defined benefit investment program. The team manages investments internally and partners with external firms to manage a globally diversified portfolio that includes public equity, fixed income, credit, absolute return, real assets and private equity. Total plan assets were $70.4 billion as of 9/30/24.

Main Purpose of Job

The Maryland State Retirement and Pension System is seeking an exceptional individual to serve as Director of Investment Operations within its Investment Division. The Director of Investment Operations will oversee the day-to-day administrative and operational functions of the investments division.

This is a Management Service position, and serves at the pleasure of the Appointing Authority.

POSITION DUTIES

Leads the Investment Operations Team.

 

Collaborates with and supports initiatives from the CIO and the DCIO’s.
Partners with the internal stakeholders on how best to integrate investment process to achieve the Agency’s goals.
Works with team members to develop resiliency in investment operation and succession plans for each position held.
Oversees the ongoing development and implementation of tools to efficiently receive, evaluate and monitor inquiry from vendors and internal managers related to cash management, settlements, transfer of funds, and performance.
Develops and maintains lists for providing solutions and issues that arise from the day-to- day operational activities.
Facilitates research in the investment management process to identify the most effective avenue to process derivatives, new accounts, reconciliations, and vendor activities, etc.
Coordinates with asset class teams and the investment operation team to execute improvement opportunities, leading the team to a world class investment operation.
Continuously reviews the investment operations to be ready for internal management of public and private assets.
Actively supports special projects such as system and IT implementation, and potential business requests from various investment groups, accounting, compliance, risks, administration, and the Board of Trustees.

MINIMUM QUALIFICATIONS

Education: Bachelor’s degree from an accredited four-year college or university.

Experience:  Five years of professional experience in investment management operations or a similar field such as Accounting, Auditing, Finance, etc.,  and three years of supervisory experience.

Note:  Ten years of relevant experience may be substituted for the required education

DESIRED OR PREFERRED QUALIFICATIONS

A CFA and/or CPA designation.

A bachelor’s or advanced degree in Accounting, Finance, Business Administration or similar field of study.
An additional five years of relevant experience will be considered in lieu of an advanced degree.

SPECIAL REQUIREMENTS

Due to the confidential nature of the work, selected candidates must undergo and pass a background check.

During the probationary period, this position will work 100% at the office of the Maryland State Retirement Agency. After the probationary/training period, and at the discretion of the Unit Director, this position may be eligible to telework two days per week.

CLICK HERE TO APPLY

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