State of Maryland · 1 month ago
Fixed Income Sr. Portfolio Manager II MSRP Sr. Portfolio Manager II MSRP
Maryland, United States
Full-time
Onsite
Senior LevelThe Maryland State Retirement and Pension System (MSRPS) is seeking a qualified investment professional to serve as a Senior Portfolio Manager in the Fixed Income team. This role involves managing an Investment Grade Corporate bond portfolio, developing investment strategies, and collaborating with the FICC team to achieve sustained outperformance.
Government Administration
Responsibilities
Perform regular reviews and evaluations, including performance attribution and exposure analysis, of existing investments, including portfolios managed by external managers
Conduct continuous research to regularly generate actionable investment ideas
Track and model investment performance and exposures
Assist in preparing presentation materials for Investment Division staff or for the Board of Trustees’ Investment Committee meetings
Manage consultant relationships (if needed)
Contribute to the development of analysts, associates, and interns
Assist in the maintenance of records related to investments
Contribute to all Fixed Income team objectives as assigned or as needed
Actively manage and enhance return in the Investment Grade Corporate bond portfolio
Demonstrate ability to develop a view on the market, to identify relative value opportunities and a skillset to capture value
Trade across all Investment Grade Corporate bond sectors, other cash products and certain relevant derivatives
Apply market knowledge and experience to achieve best execution
Support the development and implementation of strategies related to the overall fixed-income investment process, including active participation in relevant meetings
Communicate routinely with members of the fixed income team and the broader Investments team on capital markets, portfolio characteristics, strategy and tactics (on as needed basis)
Communicate daily with broker-dealers, traders and analysts to maintain up-to-date knowledge of new developments, including issuance and trading flows. Provide general market color and to disseminate appropriate information to relevant internal group
Qualification
Required
Graduated from an accredited four-year college or university with a bachelor's degree
Relevant experience in institutional investment management
Preferred
A CFA designation, post graduate degree or equivalent work experience provide a strong foundation for success
Experience at a pension, endowment, foundation, or other institutional investment organization
Experience with Investment Grade Corporate bond portfolio management and trading role
Knowledge of corporate bond issuers' creditworthiness analysis
Strong quantitative analysis skills, interpersonal skills and attention to details
The capacity to use critical thinking to solve problems
Proficiency with Bloomberg analytics, Bloomberg trading facilities, relevant Fixed Income tools within the Microsoft suite of products
Expert level in Microsoft Excel (including tasks' automation skillset); Word and PowerPoint; Expert Bloomberg (including PORT and AIM) user
Familiarity with NRSROs process
Experience with Bloomberg, Tradeweb, MarketAxess
Benefits
Health insurance
Dental, and vision plans offered at a low cost
Personal Leave - new State employees are awarded 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 - State employees also celebrate at least thirteen (13) holidays per year
Pension - State employees earn credit towards a retirement pension
Company
State of Maryland
Maryland is on the path to becoming the best state in the nation.
5001-10000 employees
Funding
Current Stage
Late StageLeadership Team
Michael Piercy
Senior Advisor for Program Innovation to the Chief Technology Officer State of Maryland, MDTHINK
Michele Thomas
Chief Technology Officer, State of Maryland
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