Analyst - Liquidity, Inflation and Rates Management

Sophisticated Work. In a Great City. Making a Difference.

The State of Wisconsin Investment Board (SWIB) manages more than $178 billion in assets, including those of the fully-funded Wisconsin Retirement System (WRS). SWIB operates at a level more often seen in top-tier global asset managers than in typical public pension funds. SWIB is a home for top talent. Approximately 61 percent of SWIB’s investment professionals are Chartered Financial Analyst (CFA) charter holders.

The City of Madison, the state capitol and home of Wisconsin’s flagship university, makes regular appearances on lists of best places to live, eat, and play. SWIB offers a modern workspace, hybrid work options, and competitive compensation and benefits.

Serving over 703,000 WRS beneficiaries, SWIB is driven by a clear mission: securing the financial future of those who serve Wisconsin. When you work at SWIB, you know your work matters.

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 portfolio manager and be an integral part of a four-person team managing the multi-billion-dollar State Investment Fund (SIF) and U.S. Treasury portfolios.

• Primary responsibility for an active coverage of approximately 30-40 companies/organizations
• Assigning and maintaining internal credit ratings and outlooks based on fundamental factors including business risk, capital structure, liquidity, and industry/macro trends
• Generating and updating credit reports supporting assigned ratings
• Generating and analyzing reporting on the portfolios
• In the absence of a portfolio manager, determining the cash position or the amount to be invested in the SIF and executing on that need
• Contribute to the management of the U.S. Treasury portfolios
• Establish/maintain relevant sell-side relationships in order to assess market conditions, pricing pressure/movement, economic news/trends, and supply issues

• At least one year of fixed income investment, fixed income operations, or financial statement experience
• Bachelor’s degree in Finance, Business, Accounting or related program required
• CPA, CFA and MBA or business-related Master’s degree preferred
• Proficiency in Excel VBA
• Ability to quantify, monitor and assess portfolio risk
• Excellent verbal and written communication skills
• Advanced analytical skills
• An ability to be adaptive and inquisitive while thriving in a fast-paced, changing environment
• Superb work ethic, attention to detail, team orientation, and commitment to excellence

• Competitive total cash compensation, based on AON (formerly McLagan) industry benchmarks
• Comprehensive benefits package
• Educational and training opportunities
• Tuition reimbursement
• Challenging work in a professional environment
• Hybrid 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.