Fixed Income Sr. Portfolio Manager II MSRP

Fixed Income Sr. Portfolio Manager II MSRP State of Maryland – Baltimore, Maryland, USA

The Maryland State Retirement and Pension System (MSRPS) administers benefits for over 397,000 members including active employees, retirees, and vested participants across 12 retirement systems, supporting the financial security of Maryland’s public servants.

Located in Baltimore’s Central Business District, MSRPS offers a purpose‑driven workplace with modern amenities including panoramic city and harbor views, renovated common areas, upgraded elevators, and an on‑site café.

Employees enjoy comprehensive state benefits including medical, dental, and 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.

The Agency’s 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 retirees and beneficiaries. The Investment Division is committed to providing a comprehensive work environment that gives the investment team members a complete understanding of the institutional investment process and to a diverse and inclusive workplace that embraces both analytical and creative thinkers.

The Agency is seeking a qualified and committed investment professional to serve as a Senior Portfolio Manager in the Fixed Income team of the Investment Division. The Senior Portfolio Manager reports directly to the Managing Director of Fixed Income, Currencies, and Commodities and will be an active contributor of the FICC team and of the Investment Division broadly. This individual will work collaboratively within the Fixed Income team and will source, evaluate, recommend (if needed), execute trade and monitor a portfolio of individual investments, contribute to producing reports on the portfolio of these investments, and communicate with stakeholders.

This is an opportunity for an experienced U.S. Investment Grade Corporate bond portfolio manager and trader.

This is a Management Service position and serves at the pleasure of the Appointing Authority.

MSRP 0012

120 East Baltimore Street, Baltimore, MD 21202

The Portfolio Manager will be a key member of the FICC (Fixed Income Currencies and Commodities) Investment team responsible for generating sustained out performance across relevant portfolios and investments. Working in close partnership with Co‑Portfolio Manager(s) the role involves the direct management and trading of an Investment Grade Corporate bond portfolio as well as collaboration with and backup support for other FICC strategies and responsibilities as assigned by the Managing Director.

The Portfolio Manager will develop and execute investment strategies designed to achieve target out performance, including the analysis, modeling, pricing, and trading of securities and derivatives in full compliance with applicable mandate guidelines. The role also includes oversight of externally managed portfolios, contribution to macroeconomic and asset allocation forecasts, and support of tactical (short‑term) sector allocation decisions with occasional involvement in strategic (long‑term) asset allocation analysis.

Depending on experience, qualifications, and interests the Portfolio Manager may also be assigned to special projects that support broader FICC and System objectives.

• Perform regular reviews and evaluations, including performance attribution and exposure analysis, of existing investments and 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…