Director, Investment Administration & Operations
- Employer
- Maryland State Retirement Agency
- Location
- Baltimore, Maryland (US)
- Salary
- $84,229 - $136,003 plus a competitive benefits package
- Closing date
- Feb 12, 2025
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- Job Function
- Operations
- Industry Sector
- Asset Management, Asset Owner, Government
- Employment Type
- Full Time
- Education
- Bachelors
Job Details
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. Our mission is to ensure that sufficient assets are available to fund the benefits when due, and to provide a fully funded retirement system that is affordable to all participating employers and provides guaranteed adequate disability, survivor and retirement benefits to our members.
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.
The 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.
- 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.
Company
The Maryland State Retirement Agency is the administrator of the Maryland State Retirement and Pension System. The System is a multi-employer, public employees’ benefit retirement system composed of twelve (12) separate retirement and pension systems with additional plan components, covering approximately 200,000 active members and more than 142,000 retires and beneficiaries.
- Location
-
120 East Baltimore Street
12th Floor
Baltimore
MD
21202
US
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