Sr. Portfolio Manager II - Fixed Income
The Maryland State Retirement Agency is seeking a qualified and committed investment professional to serve as a Senior Portfolio Manager in the Fixed Income unit of the Investment Division. The Senior Portfolio Manager reports directly to the Managing Director of Fixed Income and will be an active member of the Investment Division. This individual will work collaboratively with the Fixed Income team and will assist in the sourcing, evaluating, recommending, executing and monitoring of portfolio investments as well as producing reports on the portfolio of these investments.
This is a unique opportunity to lead the management of fixed income portfolios. The Portfolio Manager will be a member of the FICC (Fixed Income, Currencies and Commodities) Investment team responsible for generating outperformance of all relevant portfolios or investments. The Portfolio Manager will partner with the lead Co-Portfolio Manager in the direct management of a securitized bond portfolio, act as lead manager in the development of an enhanced cash product, collaborate on the sourcing and oversight of external managers for fixed income portfolios and participate in the evaluation of certain private credit investments. The Portfolio Manager’s responsibilities will include modeling, analyzing, pricing, and trading securities and developing overweight / underweight recommendations in the securitized debt market including ABS, CMBS, and MBS. The Portfolio Manager, depending on experience and qualifications, will also work on special projects including designing and executing currency hedging program(s), and executing currency derivative transactions. The Portfolio Manager will also develop macroeconomic and asset allocation forecasts to aid the System in its tactical (short-term) sector allocation decisions and (less frequently) perform analysis relevant for the System’s Strategic (long-term) Asset Allocation decisions.