Associate Director Venture Capital Jobs (NOW HIRING)

Introduction

\r\n\r\n\r\n\r\nThe Maryland State Retirement Agency is the administrator of the Maryland State Retirement and Pension System ("System"). The System is a defined benefit retirement system covering governmental employees within the State of Maryland. It's composed of twelve (12) separate retirement and pension systems with over 50 different rule sets. The System has over 430,000 participants (customers), including 192,000 members who are actively employed and participating in the System, 165,000 payees who receive a monthly payment from the System, and 40,000 vested members who are no longer actively employed but have earned a benefit that will become payable at a future date.\r\nLocated in Baltimore's Central Business District, SRPS offers a purpose-driven workplace with modern amenities, including panoramic city and harbor views, renovated common areas, upgraded elevators, and an on-site caf.\r\nEmployees enjoy comprehensive state benefits including medical, dental, prescription coverage, generous paid leave, participation in the state pension system, and supplemental retirement savings options (401(k), 457(b), and more). Additional perks include an on-site fitness center with showers and lockers, 24/7 building security, and easy access to restaurants, shops, public transit, and major highways.\r\n\r\n\r\nThis position and serves at the pleasure of the Appointing Authority.\r\n\r\n

GRADE

MSRP 0002\r\n\r\n

LOCATION OF POSITION

120 E. Baltimore St.\r\nBaltimore, MD 21202\r\n

Main Purpose of Job

\r\nThe Managing Director - Venture Capital and Co-Investment, works directly with the Board of\r\nTrustees, Investment Committee, Executive Director, Chief Investment Officer, Deputy Chief Investment Officers, external\r\nconsultants, external managers and others in the development, implementation\r\nand maintenance of broad investment policies established by the Board of\r\nTrustees. This position reports to the\r\nDeputy Chief Investment Officer - Private Markets and oversees a professional\r\nstaff of 4 individuals. \r\nResponsibilities\r\ninclude but are not limited to:\r\n\r\n\r\n Lead a team of investment professionals\r\n responsible for meeting the risk and return objectives of venture capital\r\n and private equity co-investments.\r\n Establishes overall strategic\r\n investment program management goals, standards and controls to meet asset\r\n class and total fund objectives and the levels of resources required. Recommends and assists with determining\r\n appropriate benchmarks/indices/guidelines for evaluating investment\r\n performance. Forecasts market\r\n changes based on economic and industry analyses.\r\n Provides direct leadership,\r\n oversight, management and career development of professional investment\r\n staff. \r\n Provides oversight and\r\n management of external venture capital managers, consultants, and others\r\n with respect to the management of the investment program.\r\n Ensures that the integrity of\r\n the established investment framework is maintained, policies and\r\n procedures are implemented as intended, with an awareness of appropriate\r\n rules, laws, regulations and compliance controls.\r\n Identifies potential areas of\r\n vulnerability and risk, develops / implements corrective action plans for\r\n resolution, and provides guidance on mitigation of similar situations in\r\n the future.\r\n Provides guidance, input and\r\n recommendations for investment strategies and on projected strengths and\r\n weaknesses of investment approaches.\r\n \r\n Serves as an independent\r\n reviewer and evaluator to ensure that investment issues / concerns are\r\n being appropriately monitored, evaluated, investigated, resolved and\r\n communicated.\r\n Designs and develops\r\n quantitative and analytic models and tools to help identify attractive\r\n venture capital and co-investment strategies and opportunities and monitor\r\n and mitigate various types of risk associated with these investments. Gathers data, analyzes results, and\r\n communicates performance results.\r\n Manages the due diligence process for investing in venture capital managers and private market co-investments and makes investment recommendations to the Chief Investment Officer.\r\n\r\n\r\n\r\n

POSITION DUTIES

Job duties included but not limited to:\r\n\r\n\r\n Establishes\r\n program goals, standards, and controls for venture capital and private equity\r\n co-investments to meet risk and return objectives.\r\n Oversees\r\n investment professionals and financial resources of the investment management\r\n program.\r\n Ensures\r\n the integrity of the established investment framework through implementation of\r\n policies and procedures, awareness of rules, laws, and regulations by\r\n professional investment staff, external investment managers, and consultants.\r\n Monitors\r\n and manage relationships with external venture capital investment managers and\r\n private equity co-investments.\r\n Identifies\r\n investment opportunities and leads the due diligence process for venture\r\n capital and private equity co-investments by participating in meetings,\r\n reviewing portfolio holdings and strategies, and analyzing performance. Represents\r\n the Agency before senior managers, external investment managers, consultants\r\n and others concerning performance relative to objectives.\r\n Develop\r\n strategic plans for portfolio construction based on macroeconomic analysis and\r\n thematic investment views. Performs\r\n other duties and responsibilities as may reasonably be expected in investment\r\n strategy, risk mitigation and division management.\r\n\r\n\r\n\r\n \r\n\r\n\r\n\r\n

MINIMUM QUALIFICATIONS

Education:\r\nFour-year degree\r\nfrom an accredited four-year college in Science, Economics, Finance Accounting, Business Administration, Public Administration or similar fields of study.\r\nExperience:\r\nEight years of professional investment experience, portfolio construction, and\r\ninvestment decision-making.\r\n

DESIRED OR PREFERRED QUALIFICATIONS

Preferred Qualifications:\r\n\r\n\r\n\r\n\r\nSupervisory experience of one or more\r\nindividuals \r\n\r\nCFA, CAIA, or\r\nFRMdesignation\r\n\r\n10 years or more of progressive\r\nresponsibility in investments related to real estate, infrastructure and\r\nnatural resources experience\r\n\r\nExperience working within a Total Portfolio\r\nApproach framework\r\n\r\nThe candidate should also be knowledgeable\r\nregarding best practices to promote and maintain an equal employment\r\nopportunity work environment that is in compliance with applicable laws, rules\r\nand regulations\r\n\r\n\r\n

SPECIAL REQUIREMENTS

\r\n\r\n A resume and cover letter are required to be uploaded with your application as well as an official transcript.\r\n For education obtained outside the U.S., a copy of the equivalent American education as determined by a foreign credential evaluation service must accompany the application.\r\n Due to the confidential nature of the work, selected candidates must undergo and pass a background and credit check.\r\n\r\n\r\n

SELECTION PROCESS

Please make sure that you provide sufficient information on your application to show that you meet the minimum, selective and preferred qualifications for this recruitment. All information concerning your qualifications must be submitted by the closing date. We will not consider information submitted after this date.\r\n\r\nSuccessful candidates will be ranked as Best Qualified, Better Qualified, or Qualified and placed on the employment (eligible) list for at least one year or be placed on a register for at least one year. This list will be used by the hiring agency to select candidates for interviews in-person or virtually.\r\n\r\nFor education obtained outside the U.S., a copy of the equivalent American education as determined by a foreign credential evaluation service must by provided prior to hire.\r\n

EXAMINATION PROCESS

The assessment may consist of a rating of your education, training, and experience related to the requirements of the position. It is important that you provide complete and accurate information on your application. Please report all experience and education that is related to this position\r\n\r\n\r\n\r\nYou may be asked to complete a supplemental questionnaire. The supplemental questionnaire may be used as part of the rating process. Therefore, it is important that you provide complete and accurate information on your application.\r\n

BARGAINING UNIT STATUS

This position is exempt from Bargaining.\r\n

BENEFITS

This is a full-time, permanent position and eligible for full State benefits, which include:\r\n\r\n\r\n\r\n Hybrid teleworking \r\n Paid holidays 12-13 per year \r\n Generous paid leave package (annual, sick, personal and compensatory leave) \r\n State Pension ('defined benefit' plan) \r\n Tax-deferred supplemental retirement savings plans (401(k) and 457) \r\n Comprehensive, subsidized health, dental and prescription plans with little to no deductibles, free generic prescriptions, and free preventative health services\r\n Flexible Spending Account plans for Health Care and Daycare \r\n State Employees Credit Union\r\n\r\n\r\n\r\nTo Learn more, please click this link:\r\nSTATE OF MARYLAND BENEFITS\r\n\r\n\r\n

FURTHER INSTRUCTIONS

The online application process is STRONGLY preferred. If you are unable to apply online, you may mail a paper application and supplemental questionnaire to:\r\n\r\nMaryland State Retirement and Pension Systems\r\nHuman Resources Section\r\n120 E. Baltimore Street\r\nBaltimore, MD 21202\r\n\r\nEmail Nick Pindale at npindale@sra.state.md.us\r\n\r\n\r\nPLEASE DO NOT SUBMIT UNSOLICITED DOCUMENTATION\r\n\r\nThe resulting certified eligible list for this recruitment may be used for similar positions in this or other State agencies.\r\n\r\nAs an equal opportunity employer, Maryland is committed to recruiting, retaining and promoting employees who are reflective of the State's diversity.\r\n\r\nPeople with disabilities and bilingual candidates are encouraged to apply.\r\n\r\nWe thank our Veterans for their service to our country.\r\n\r\nTTY Users: call via Maryland Relay\r\n