INVESTMENT OPERATIONS ANALYST, FUNDS & LIQUIDITY

Company: State of Wisconsin Investment Board
Location: Madison
Posted on: November 16, 2024

Job Description:

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 derivatives
• Validate daily initial and variation margin calculations
• Maintain and reconcile collateral and inventory across all counterparties
• Instruct collateral substitutions as needed
• Monitor Average Aggregate Notional Amount (AANA) and support UMR
• Track available High Quality Liquid Assets (HQLA)
• Support the scope documentation and testing of collateral management in SimCorp
• Assist in the management and oversight of third-party service providers, including evaluation of service level agreements, analyzing issues, and implementing solutions
• Serve as operational support for new investment instruments, strategic initiatives and projects
• Develop procedures and internal control documentation
• Identify operational process improvements and recommend solutions The ideal candidate:
  • Bachelor's Degree in business, finance, economics, accounting, or equivalent experience
  • Has 2+ years of experience in investment operations or related industry
  • Prefer 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 principles
  • Prefer experience with SimCorp Dimension
  • Demonstrates curiosity
  • Strong analytic and problem-solving skills
  • Excellent verbal and written communication skills
  • Ability to be adaptive and thrive in a fast-paced, changing environment
  • Superb work ethic, attention to detail, team orientation, and commitment to excellence SWIB Offers:
    • 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.

Keywords: State of Wisconsin Investment Board, Crystal Lake , INVESTMENT OPERATIONS ANALYST, FUNDS & LIQUIDITY, Professions , Madison, Illinois