ECON Undergraduates Blog

Full-Time Investment Associate Position at Maryland State Retirement and Pension Systems

Posted: 14 May 2021 11:27 AM PDT

Application Deadline: May 28, 2021

Salary Range: $68,212.00 - $92,086.00/year

The Associates program within the Investment Division is a two-year program designed to provide a hands-on experience in institutional asset management. The program serves as a potential source of viable candidates for the Division's long-term staffing initiatives. Associates will have opportunities to gain experience across asset classes as well as operations, accounting, and total plan risk management. Once completed, these experiences will help Associates form an understanding of the different career paths available at the Maryland State Retirement System. At the conclusion of two years, Associates should have developed demonstrable ability to meaningfully contribute to the due diligence of potential/existing managers and implementation of internally managed strategies. In addition, Associates should become familiar with all the processes and reporting requirements of the Investment Division.

Main Purpose Of Job

At the outset of their tenure at Agency, the Investment Associate primarily will be responsible for supporting manager selection and monitoring activities related to the approximately $4.7 billion Absolute Return Portfolio. The ideal candidate will be proficient with statistics and will demonstrate an ability to learn hedge fund investing concepts reasonably quickly.

Secondarily, the Investment Associate will serve as a generalist member of the investment team and will support the Division's operations and accounting functions as needed. The Investment Associate may participate in the Division's macroeconomic, tactical asset allocation, and risk/portfolio construction process. In addition, they may assist with various projects and data management initiatives as needed. The ideal candidate will be a multi-tasker able to handle multiple specific responsibilities across the Division at a given time

POSITION DUTIES

A committed and thoughtful individual will participate in the Associates program to support efficient implementation of the System's investment strategy.

Responsibilities include but are not limited to:

Assist in manager selection and monitoring of investments for the Absolute Return Portfolio;
Develop intermediate knowledge of several asset classes as well as operations and accounting functions;
Assist in the development and formulation of macroeconomic views and help apply those views into tactical portfolio positioning; and,
Project and data management.

MINIMUM QUALIFICATIONS

Education: Graduated from an accredited four-year college or university with a bachelor's degree.

Experience: None.

Paid Internship Opportunity: Montgomery County Executive’s Office

Posted: 13 May 2021 01:30 PM PDT

The Montgomery County Executive's Office seeks to provide a Temporary Part-Time Student Fellowship opportunity. This fellow will work closely with staff to support administrative functions and policy research. The program will last for the summer with the possibility of an extension into fall 2021. This internship will pay $15.25 an hour. Hours and days are flexible but there must be a commitment of 15-20 hours per week. The Fellow will likely be required to work in-person at the Rockville office (101 Monroe) at least some of the time each week. The position is available immediately. Currently this opportunity is only open to Montgomery County residents.

Duties and Work Products may include the following:

Draft, edit, proofread, and format correspondence, reports, and other documents
Track and monitor the status of various issues, documents, projects, activities, and initiatives
Research and analyze different areas of policy that impacts local government
Conduct comparative analyses on policy approaches by different jurisdictions
Produce a literature review of best resources regarding research topics for the County Executive
Aggressively and professionally pursue answers and produce quality reports
Take part in the planning and coordinating meetings and events
Review and draft responses to incoming mail
Attend high level meetings and take notes for principals
Complete other special projects as assigned.

At the conclusion of the semester Fellows will be expected to deliver a two-to-three-page paper to the County Executive outlining one issue within Montgomery County and prescribe a policy solution.

Requirements:

Be in pursuit of an undergraduate or graduate degree
Strong proficiency in Microsoft Office suite, including Word, PowerPoint, Excel
Ability to handle and maintain the confidentiality of highly sensitive information•Strong work ethic, positive attitude, and professional demeanor (a good sense of humor is appreciated)•Ability to work independently and as part of a diverse workplace team
Excellent verbal and written communication skill
Strong organizational, customer service and project management skill
Course of study or prior experience in a public policy setting highly desirable
Attend meetings, mostly virtual through Microsoft Teams but this may change depending on Covid-19 developments and guidance

How to Apply
Please submit a cover letter, a résumé, a brief (2 pages maximum) work or school public policy related writing sample, and a fun fact about yourself to Dominic J. Butchko, Senior Executive Administrative Aide, Montgomery County Government at dominic.butchko@montgomerycountymd.gov. The application deadline for this position is close of business on May 26, 2021.

About Admin MC3

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