State of Wisconsin Investment Board
Analyst - Liquidity, Inflation & Rate Management
State of Wisconsin Investment Board, Madison, Wisconsin, us, 53774
Our Agency
Making a Difference
The State of Wisconsin Investment Board (SWIB), founded in 1951, is a premier global investment organization responsible for managing the more than $156 billion of assets of the fully funded Wisconsin Retirement System (WRS), the State Investment Fund and other state funds. Through SWIB's effective and innovative investment management, WRS remains one of the only fully funded US public pensions. We are the 9th largest public pension fund in the U.S. and the 25th largest public or private pension fund in the world. SWIB is recognized by the investment industry for our teamwork and innovation. SWIB pursues sophisticated global investment strategies across the asset and risk allocation spectrum. Providers across the investment ecosystem seek to partner withSWIB.
Serving more than 677,000 beneficiaries of the WRS, SWIB is a mission-driven organization focused on providing a strong financial future to those who committed their careers to public service. For public employees and the 1,500 Wisconsin employers who contribute on their behalf, we are a trusted partner. Our team innovates continuously to meet the challenges of an evolving investment landscape while growing and protecting the assets of the WRS.
SWIB provides a strong, steady economic pillar for the state of Wisconsin by growing the trust funds under its management, managing risk, and optimizing costs of the long term. We are a mission-driven organization and the participants we serve are our mission. By bringing a disciplined, prudent, and innovative approach to market opportunities, SWIB has been successful in generating required returns and maintaining the trust of the beneficiaries and stakeholders of the funds we oversee.
Home To Top Talent
Our high-performing staff is key to what makes us a premier investment manager. SWIB is committed to investing in talented professionals to implement our robust, sophisticated investment strategies and to keep the organization at the forefront of the investment industry. We encourage innovation and offer professional development opportunities to help staff sharpen and expand their skills. Approximately 61 percent of SWIB's investment professionals are Chartered Financial Analyst (CFA) charterholders.
About the Team
The Asset & Risk Allocation (ARA) division is responsible for the overall investment structure of the Core and Variable Trust Funds. ARA recommends and implements the asset allocation for the policy portfolio and recommends and implements the active risk budget. ARA also drives and supports the exposure management process for making investments at the "top of the house," including macro-driven asset class, market and currency positioning and the up-scaling of select bottom-up investment opportunities.
The ARA division is currently composed of 26 team members with an average of 15 years' relevant experience. This Analyst role offers a unique opportunity to be part of the Liquidity, Inflation and Risk Management group within ARA, a smaller group within the division responsible for investing the State Investment Fund (SIF) and an internally managed Treasury Inflation Protected Securities (TIPS) portfolio. The SIF is a short duration fund whose investment objectives are to provide safety, liquidity, and competitive rates of return.
Position Overview
The Analyst plays a critical role incorporating responsibilities of fundamental credit analysis with supplemental involvement in the role of a trader. The analyst will report to the senior portfolio manager and be an integral part of a three-person team managing the multi-billion dollar State Investment Fund (SIF) and Treasury Inflation Protected Securities bond portfolio.
Essential activities:
Primary responsibility for an active coverage of approximately 30-40 companies/organizationsAssigning and maintaining internal credit ratings and outlooks based on fundamental factors including business risk, capital structure, liquidity, and industry/macro trendsGenerating and updating credit reports supporting assigned ratingsGenerating and analyzing reporting on the portfoliosIndependently determining cash positions and amounts to be invested in the SIF, ensuring timely execution without reliance on portfolio manager input. Establish/maintain relevant sell-side relationships in order to assess market conditions, pricing pressure/movement, economic news/trends, and supply issueThe ideal candidate:
At least three years of fixed income investment, fixed income operations, or financial statement experienceBachelor's degree in Finance, Business, Accounting or related program requiredCPA, CFA and MBA or business-related Master's degree preferredProficiency in Excel VBAAbility to quantify, monitor and assess portfolio riskExcellent verbal and written communication skillsAdvanced analytical skillsAn ability to be adaptive and inquisitive while thriving in a fast-paced, changing environmentSuperb work ethic, attention to detail, team orientation, and commitment to excellenceExperience with treasury and agency debt, repurchase agreements, and commercial paper.SWIB Offers:
Competitive total cash compensation, based on AON (formerly McLagan) industry benchmarksComprehensive benefits packageEducational and training opportunitiesTuition reimbursementChallenging work in a professional environmentHybrid work environment
The position requires U.S. work authorization.
Pursuant to our Hybrid Remote Work Policy, all staff have the flexibility to work remotely but are required to have a weekly presence in our offices, the frequency of which is dependent on their distance from office. Staff are not required to reside locally; however, we offer relocation reimbursement to the Dane County area per our policy.
All SWIB employees are subject to SWIB's Ethics Policy and Personal Trade Approvals Policy. These policies include restrictions on outside business activities and employment and have limits on personal
Making a Difference
The State of Wisconsin Investment Board (SWIB), founded in 1951, is a premier global investment organization responsible for managing the more than $156 billion of assets of the fully funded Wisconsin Retirement System (WRS), the State Investment Fund and other state funds. Through SWIB's effective and innovative investment management, WRS remains one of the only fully funded US public pensions. We are the 9th largest public pension fund in the U.S. and the 25th largest public or private pension fund in the world. SWIB is recognized by the investment industry for our teamwork and innovation. SWIB pursues sophisticated global investment strategies across the asset and risk allocation spectrum. Providers across the investment ecosystem seek to partner withSWIB.
Serving more than 677,000 beneficiaries of the WRS, SWIB is a mission-driven organization focused on providing a strong financial future to those who committed their careers to public service. For public employees and the 1,500 Wisconsin employers who contribute on their behalf, we are a trusted partner. Our team innovates continuously to meet the challenges of an evolving investment landscape while growing and protecting the assets of the WRS.
SWIB provides a strong, steady economic pillar for the state of Wisconsin by growing the trust funds under its management, managing risk, and optimizing costs of the long term. We are a mission-driven organization and the participants we serve are our mission. By bringing a disciplined, prudent, and innovative approach to market opportunities, SWIB has been successful in generating required returns and maintaining the trust of the beneficiaries and stakeholders of the funds we oversee.
Home To Top Talent
Our high-performing staff is key to what makes us a premier investment manager. SWIB is committed to investing in talented professionals to implement our robust, sophisticated investment strategies and to keep the organization at the forefront of the investment industry. We encourage innovation and offer professional development opportunities to help staff sharpen and expand their skills. Approximately 61 percent of SWIB's investment professionals are Chartered Financial Analyst (CFA) charterholders.
About the Team
The Asset & Risk Allocation (ARA) division is responsible for the overall investment structure of the Core and Variable Trust Funds. ARA recommends and implements the asset allocation for the policy portfolio and recommends and implements the active risk budget. ARA also drives and supports the exposure management process for making investments at the "top of the house," including macro-driven asset class, market and currency positioning and the up-scaling of select bottom-up investment opportunities.
The ARA division is currently composed of 26 team members with an average of 15 years' relevant experience. This Analyst role offers a unique opportunity to be part of the Liquidity, Inflation and Risk Management group within ARA, a smaller group within the division responsible for investing the State Investment Fund (SIF) and an internally managed Treasury Inflation Protected Securities (TIPS) portfolio. The SIF is a short duration fund whose investment objectives are to provide safety, liquidity, and competitive rates of return.
Position Overview
The Analyst plays a critical role incorporating responsibilities of fundamental credit analysis with supplemental involvement in the role of a trader. The analyst will report to the senior portfolio manager and be an integral part of a three-person team managing the multi-billion dollar State Investment Fund (SIF) and Treasury Inflation Protected Securities bond portfolio.
Essential activities:
Primary responsibility for an active coverage of approximately 30-40 companies/organizationsAssigning and maintaining internal credit ratings and outlooks based on fundamental factors including business risk, capital structure, liquidity, and industry/macro trendsGenerating and updating credit reports supporting assigned ratingsGenerating and analyzing reporting on the portfoliosIndependently determining cash positions and amounts to be invested in the SIF, ensuring timely execution without reliance on portfolio manager input. Establish/maintain relevant sell-side relationships in order to assess market conditions, pricing pressure/movement, economic news/trends, and supply issueThe ideal candidate:
At least three years of fixed income investment, fixed income operations, or financial statement experienceBachelor's degree in Finance, Business, Accounting or related program requiredCPA, CFA and MBA or business-related Master's degree preferredProficiency in Excel VBAAbility to quantify, monitor and assess portfolio riskExcellent verbal and written communication skillsAdvanced analytical skillsAn ability to be adaptive and inquisitive while thriving in a fast-paced, changing environmentSuperb work ethic, attention to detail, team orientation, and commitment to excellenceExperience with treasury and agency debt, repurchase agreements, and commercial paper.SWIB Offers:
Competitive total cash compensation, based on AON (formerly McLagan) industry benchmarksComprehensive benefits packageEducational and training opportunitiesTuition reimbursementChallenging work in a professional environmentHybrid work environment
The position requires U.S. work authorization.
Pursuant to our Hybrid Remote Work Policy, all staff have the flexibility to work remotely but are required to have a weekly presence in our offices, the frequency of which is dependent on their distance from office. Staff are not required to reside locally; however, we offer relocation reimbursement to the Dane County area per our policy.
All SWIB employees are subject to SWIB's Ethics Policy and Personal Trade Approvals Policy. These policies include restrictions on outside business activities and employment and have limits on personal