State of Wisconsin Investment Board
Investment Operations Analyst, Funds & Liquidity
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 $145 billion of assets of the Wisconsin Retirement System (WRS), the State Investment Fund and other 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 with SWIB.
Serving more than 663,00 teachers, public safety, and other pension participants, SWIB is a mission-driven organization. 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 Funds and Liquidity Operations team is responsible for providing analytical and operational support and oversight of SWIB's investments. The primary functions of the team are to support SWIB's collateral management, asset allocation, re-balancing, leverage, liquidity, and treasury activities.
Position Overview
Essential activities:
Provide daily operational support for exchange-traded and over-the-counter derivativesValidate daily initial and variation margin calculationsMaintain and reconcile collateral and inventory across all counterpartiesInstruct collateral substitutions as neededMonitor Average Aggregate Notional Amount (AANA) and support UMRTrack available High Quality Liquid Assets (HQLA)Support the scope documentation and testing of collateral management in SimCorpAssist in the management and oversight of third-party service providers, including evaluation of service level agreements, analyzing issues, and implementing solutionsServe as operational support for new investment instruments, strategic initiatives and projectsDevelop procedures and internal control documentationIdentify operational process improvements and recommend solutionsThe ideal candidate:
Bachelor's Degree in business, finance, economics, accounting, or equivalent experienceHas 2+ years of experience in investment operations or related industryPrefer experience in a variety of asset classes including equities, fixed income, FX, and derivatives (exchanged-traded and over-the-counter)Has a firm grasp of basic accounting principlesPrefer experience with SimCorp DimensionDemonstrates curiosityStrong analytic and problem-solving skillsExcellent verbal and written communication skillsAbility to be adaptive and thrive in a fast-paced, changing environmentSuperb work ethic, attention to detail, team orientation, and commitment to excellenceSWIB 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 trading. You may request copies of these policies from SWIB's talent acquisition team and any questions can be answered by SWIB's compliance team.
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 $145 billion of assets of the Wisconsin Retirement System (WRS), the State Investment Fund and other 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 with SWIB.
Serving more than 663,00 teachers, public safety, and other pension participants, SWIB is a mission-driven organization. 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 Funds and Liquidity Operations team is responsible for providing analytical and operational support and oversight of SWIB's investments. The primary functions of the team are to support SWIB's collateral management, asset allocation, re-balancing, leverage, liquidity, and treasury activities.
Position Overview
Essential activities:
Provide daily operational support for exchange-traded and over-the-counter derivativesValidate daily initial and variation margin calculationsMaintain and reconcile collateral and inventory across all counterpartiesInstruct collateral substitutions as neededMonitor Average Aggregate Notional Amount (AANA) and support UMRTrack available High Quality Liquid Assets (HQLA)Support the scope documentation and testing of collateral management in SimCorpAssist in the management and oversight of third-party service providers, including evaluation of service level agreements, analyzing issues, and implementing solutionsServe as operational support for new investment instruments, strategic initiatives and projectsDevelop procedures and internal control documentationIdentify operational process improvements and recommend solutionsThe ideal candidate:
Bachelor's Degree in business, finance, economics, accounting, or equivalent experienceHas 2+ years of experience in investment operations or related industryPrefer experience in a variety of asset classes including equities, fixed income, FX, and derivatives (exchanged-traded and over-the-counter)Has a firm grasp of basic accounting principlesPrefer experience with SimCorp DimensionDemonstrates curiosityStrong analytic and problem-solving skillsExcellent verbal and written communication skillsAbility to be adaptive and thrive in a fast-paced, changing environmentSuperb work ethic, attention to detail, team orientation, and commitment to excellenceSWIB 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 trading. You may request copies of these policies from SWIB's talent acquisition team and any questions can be answered by SWIB's compliance team.