State of Wisconsin Investment Board

Position Title/Short Description

Full Text of JOE Listing:

Our Agency
Making a Difference
SWIB is a trusted and skilled global investment organization managing the assets of the Wisconsin Retirement System (WRS) and other separately managed funds. SWIB has been recognized by the investment industry for its teamwork and innovation that helps make it a premier asset manager.

About the Team
The Asset & Risk Allocation (ARA) division recommends and implements the asset allocation for the policy portfolio and recommends and implements the active risk budget. ARA also supports the exposure management process for making investments, including macro-driven asset class, market and currency positioning and the up-scaling of select bottom-up investment opportunities.

This role offers a unique opportunity to learn and contribute to all facets of the asset allocation investment process, with a focus on quantitative evaluation of investment risks and opportunities.

Position Overview
Essential activities:
• Responsible for conducting rigorous quantitative analysis across a broad spectrum of asset classes, using advanced statistical techniques and investment insights to bolster existing and new investment strategies.
• Statistical modeling with emphasis on time-series analysis.
• Identify and manage new datasets that support investment decisions and risk management processes.
• Create and use algorithms to investigate data sets and check them for consistency.
• Support senior team members by helping to code new models, test these models, validate them, document them, and run model monitoring processes.
• Assist in providing analysis in key areas including risk monitoring, risk management and risk/return optimizations for ARA strategies.
• Assist in analyzing approaches to solving investment problems, quantifying results and recommending practical implementation approaches.
• Assist in conceptualizing relative valuation strategies, developing and continuously improving mathematical models, and translating math into code.
• Back-test investment ideas and develop quantitative tools and risk management concepts.

The ideal candidate:
• Advanced Degree in finance, economics, or another related field
o High-level econometric and math skills.
o Proven ability to conduct empirical research.
o Ability to grasp the economic essentials of a problem as well as its technical aspects.
o Strong programming, analytical, and quantitative skills.
o Proficiency in a programming language is a must-have requirement. MATLAB is our strongly preferred language.
o Ability to work with and organize large data sets for statistical analysis including some familiarity with database management.

• Professional background
o Overall work experience of 1 to 3 years, which may include internships or relevant dissertation work
o CFA and/or FRM or other appropriate professional investment designation or progress towards appropriate designation (desirable)
o Excellent verbal and written communication skills
o Strong work ethic, attention to detail, team orientation

The position requires U.S. work authorization and residency in, or willingness to relocate to the Madison, Wisconsin area. SWIB is prepared to offer relocation assistance as needed.