Quantitative Analyst

Location
Madison, Wisconsin
Salary
Competitve
Posted
17 May 2021
Closes
16 Jun 2021
Job Function
Risk Management
Industry Sector
Government
Employment Type
Full Time
Education
Masters

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. With over $140 billion in total assets under management, SWIB has been recognized by the investment industry for its teamwork and innovation that helps make it a premier asset manager. Sophisticated investment management strategies, forward-looking technologies, and strong internal asset management make SWIB a leading investment organization.

For public employees in Wisconsin, SWIB is a unique and valuable partner. Investing for the financial security of more than 652,000 individuals – and for the 1,500 Wisconsin employers who contribute on behalf of their employees – SWIB’s strong management of the WRS has helped fuel one of only a few fully funded public pension funds in the country. SWIB’s long-term investment returns meet the challenges of a constantly evolving investment landscape while helping grow and protect the assets of the WRS, the 8th largest public pension fund in the U.S. and the 25th largest public or private pension fund in the world. 

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 respectable returns and maintaining the trust of the beneficiaries and stakeholders of the funds we oversee.

 

Join HIGHER PERFORMERS

Home to Top Talent

SWIB is recognized as a premier investment manager because of the highly qualified staff successfully managing the assets of the WRS trust funds. SWIB is committed to investing in talented professionals that will help implement a robust and sophisticated investment strategy to manage over half of the trust fund assets internally and keep the organization at the forefront of the investment industry. As an innovative organization, SWIB offers 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, recommends and implements the active risk budget.  ARA also drives and supports the exposure management process for taking 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 19 team members with an average of 15 years’ relevant experience.

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, utilizing advance statistical techniques and investment insights to bolster existing and new investment strategies.
  • Assist in employing quantitative methods to assess attractiveness of investments.
  • Assist in providing analysis in key areas including risk monitoring, risk management and risk/return optimizations.
  • Provides monitoring and potential investment solutions to the assessment of absolute and/or relative risks.
  • Assists in analyzing approaches to solving investment problems, quantifying results and recommending practical implementation approaches.
  • Assist in conceptualizing relative valuation strategies, develop and continuously improve mathematical models, and translate algorithms into code.
  • Back-test investment ideas and develop quantitative tools and risk management concepts.
  • Identify and manage new datasets that support investment decisions and risk management processes.
  • Create and use algorithms to investigate and work through large data and/or error-checking problems including statistical modeling of large complex data sets.
  • Support senior quants by helping to code new models, test these models, gather and manage data, document models, model validation, and run model monitoring processes.
  • Provide statistical modelling with emphasis on time-series analysis.
  • Strong programming, analytical and quantitative skills.
  • Works collaboratively across several functional areas within SWIB.
  • When needed, works with and understands external vendors’ risk applications and methodologies.
  • Participates in the evaluation and implementation of fund-level, portfolio level and asset-specific risk management systems such as value-at-risk measurement, aggregate exposure measurement and credit concentration monitoring.

The ideal candidate:

  • Advanced Degree in finance, quantitative finance, or another related field
    • High-level math and statistics skills.
    • Proficiency in Python/Matlab, a must-have requirement
    • Ability to work with and organize large data sets for statistical analysis including some familiarity with database management

Professional background

  • Overall post-degree work experience of 1 to 3 years, which may include internships
  • CFA and/or FRM or other appropriate professional investment designation or progress towards appropriate designation (desirable)
  • Creativity and a willingness to seek and present new ideas
  • Excellent verbal and written communication skills
  • An 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 McLagan-based total cash compensation
  • A comprehensive benefit package
  • Educational and training opportunities
  • Tuition reimbursement
  • Challenging work in a professional environment

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.

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