Monday, April 25, 2022

Apply by April 28 to Paid Investment Management Internship with Maryland State Retirement Agency Through UNCF

Closing: 4/28/2022

Complete the online interest form and upload your resume: https://scholarships.uncf.org/ToProgram/InvestmentMD

Investment Analyst Internship

Recruitment #21-008998-0064


SALARY

$15.00 - $20.00/hour

EMPLOYMENT TYPE

Full-Time

HR ANALYST

Cecelia Smith

WORK LOCATION

Baltimore City

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. These groups include state government employees, teachers, law enforcement personnel, legislators, judges and local government employees and fire fighters whose employers have elected to participate in the system.

The Investment Division of the Maryland State Retirement Agency seeks two bright, highly motivated individuals to join our Investment Analyst Internship Program. The Investment Division is responsible for investing the plan assets of the Maryland State Retirement and Pension System. The Pension System's assets are $67.9 billion as of the end of the FY2021 (ending June 30, 2021).  The Investment team is both results driven and creative problem solvers who work together to manage a global multi-asset portfolio and to provide a secure base of assets to pay the current and future benefits for the underlying 350,000 retirees and beneficiaries. 

The Investment Division is committed to providing a professional work experience that will give the investment analyst interns a complete understanding of the institutional investment process and to provide a diverse and inclusive workplace that embraces both analytical and creative thinkers.  The interns will have the opportunity to work in one or more areas of the Investment Division, which could include Public Equity, Fixed Income, Real Estate, Private Equity, Absolute Return, and/or Accounting and Operations.

This is a contractual position that will serve at the pleasure of the appointing authority

GRADE

9998

LOCATION OF POSITION

120 East Baltimore Street

Baltimore, MD 21202 

Main Purpose Of Job

SRA, Investment Division is seeking bright, highly motivated individuals to join our Investment Analyst Summer Internship Program. The Summer Interns will work in one or more areas of the Investment Division, which could include Public Equities, Fixed Income, Real Estate, Private Equity or Absolute Returns.

POSITION DUTIES

As a Summer Intern you will:

·       have the opportunity to work in one or more areas of the Investment Division, which could include Public Equity, Fixed Income, Real Estate, Private Equity, Absolute Return, and/or Accounting and Operations;

·       conduct research projects in conjunction with colleagues that could directly be implemented to make investment decisions;

·       present research findings to senior management;

·       have the opportunity to learn about macroeconomic and political events through industry seminars & conferences and how those events tie into the investment process;

·       understand investment manager due-diligence process and assist with that process;

·       acquire foundational skills over a wide range of investment disciplines and asset classes.

MINIMUM QUALIFICATIONS

Education

Junior or Senior status in a four-year college or university with a 3.5 or higher GPA.  ALL majors would be considered with the minimum of 15 credit hours in STEM or Finance related subjects

Experience: None

DESIRED OR PREFERRED QUALIFICATIONS

Preference will be given to applicants who possess the following preferred qualification(s). Include clear and specific information on your application regarding your qualifications to receive credit.

·        Excellent communication and interpersonal skills;

·        Intellectual curiosity and strong problem solving skills;

·        Excellent analytical skills and attention to detail;

·        Proficient in Microsoft Excel, Word, and PowerPoint;

·        Knowledge of or possession of coding skills in R, Python, or other programing languages.

SELECTION PROCESS

Applicant may be evaluated and selected based on education, training and experience in relation to the requirements and qualifications listed for the position, including minimum qualification criteria.  Therefore, it is essential that you provide complete and accurate information on your application.  Report all related education, experience, dates and hours of work.

Credit is given for relevant part-time, temporary or volunteer experience based on the number of hours per week. All information concerning your qualifications must be included on your application and submitted by the closing date.  We will not consider incomplete applications.

For education obtained outside the U.S., a copy of the equivalent American Education as determined by a foreign credential evaluation service needs to be provided before hire.

Successful candidates will be placed on the employment (eligible) list for at least one year.  Applicants must be legally authorized under the United States Immigration Reform Act to be hired.

Must successfully pass a background check

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.

BENEFITS

Contractual employees who work for an agency covered under the State Employee and Retiree Health and Welfare Benefits Program, have a current employment contract and work 30 or more hours a week (or on average 130 hours per month) may be eligible for subsidized health benefits coverage for themselves and their dependents. As a contractual employee, you will be responsible for paying 25% of the premiums for your medical and prescription coverage, including any eligible dependents you have enrolled. The State of Maryland will subsidize the remaining 75% of the cost for these benefits. You can also elect to enroll in dental coverage, accidental death and dismemberment insurance, and life insurance, but will be responsible to pay the full premium for these benefits.

Leave may be granted to a contractual employee who has worked 120 days in a 12 month period. This leave accrues at a rate of one hour for every 30 hours worked, not to exceed 40 hours per calendar year.

FURTHER INSTRUCTIONS

The online application process is strongly preferred.  If you are unable to apply online, you may mail a paper application to:

Department of Budget and Management

Recruitment and Examination Division

301 W. Preston Street, Room 608

Baltimore, MD  21201

CERTIFIED COLLEGE TRANSCRIPTS ARE REQUIRED FOR THIS RECRUITMENT  along with your online application, upload as an attachment under the resume tab of the online application.  Please combine all supporting documents together as ONE attachment.

We will not consider information submitted after the recruitment closing date.

For questions regarding this recruitment, please contact the DBM Recruitment and Examination Division at Application.Help@maryland.gov or 410-767-4850, MD TTY Relay Service 1-800-735-2258.