Investment Officer OR Assistant Investment Officer - Fixed Income

Location
Olympia, Washington State
Salary
$80,340 - $189,520
Posted
18 Nov 2021
Closes
18 Dec 2021
Industry Sector
Asset Management
Employment Type
Full Time

This recruitment will remain open until filled. The WSIB may make a hiring decision at any time. It is in the candidate’s best interest to apply early.

ABOUT THE WSIB:

The Washington State Investment Board (WSIB) is a dedicated global investment management organization with over $171.5 billion in assets under management. The WSIB's globally diversified portfolios are comprised of more than 14,000 holdings across 87 countries on 6 continents and in 45 currencies. The WSIB's central mandate is to maximize return at a prudent level of risk.

The WSIB manages investments for 17 retirement plans for public employees, teachers, school employees, law enforcement officers, firefighters, and judges. We also manage investments for several other important public funds that benefit Washington’s industrial insurance program, colleges and universities, and developmental disability programs. The WSIB’s excellent investment performance dramatically contributes to the state’s bottom line by earning the lion’s share of money needed to cover state pension benefits.

To learn more about the WSIB, please visit our website at sib.wa.gov and follow us on LinkedIn. An overview of benefits of state employment and WSIB specifically can also be found on our website.

The WSIB is seeking a highly qualified professional to fill either an Investment Officer (IO) or Assistant Investment Officer (AIO) position in the Fixed Income unit. This is a full-time exempt position reporting to an Assistant Senior Investment Officer (ASIO). The primary objective of the IO is to assist in the prudent management of the fixed income portfolios in a manner consistent with statutes, regulations, Board policies, and the highest standard of professional conduct, for the exclusive benefit of fund beneficiaries.

PRINCIPAL RESPONSIBILITIES:

  • This position assists in the management of the Fixed Income unit’s analytics and performance reporting.
  • Provides meaningful and timely analysis for portfolio managers at a strategic, tactical, or security level.
  • Assists in management of internal portfolio databases and portfolio analytics.
  • Maintains records of portfolio transactions and asset holdings.
  • Ensures analytics’ database accurately model portfolio assets.
  • Oversees investment policy compliance.
  • Ensures that fixed income assets are accurately represented in the data warehouse.
  • Maintains congruency between custodial databases, external consultant data, and internal portfolio analytics.
  • Works cooperatively with WSIB and the custodian’s accounting staff to resolve issues.
  • Prepares and analyzes performance reporting from the custodian bank for accuracy.
  • Provides performance attribution relevant to the portfolio manager decision-making.
  • Prepares data for reports or presentations for the Board, staff, and the Department of Labor and Industries.
  • Maintains reports of country and industry weightings, interest rate, and credit risk.
  • Creates presentations when requested.

QUALIFICATIONS:

  • Bachelor’s degree in finance, economics, accounting, business administration or related field AND;
  • Four years of fixed income investment experience in any of the following categories: company analysis, industry analysis, portfolio management, economic analysis, and related finance experience. Experience does not include managing your personal portfolio.
    • A relevant Master’s degree and/or Chartered Financial Analyst (CFA) designation may substitute for a maximum of two years of experience.
  • Working knowledge of security structures held across the sectors used in the fixed income portfolio management, to include government, credit, mortgage, and structured product, including asset-backed securities and collateralized mortgage obligations, as well as a working knowledge of the benchmark indices.
  • Strong communication skills.
  • A working knowledge of fixed income products, markets, and portfolio management.
  • Strong analytical and research skills.
  • Self-starter, critical thinker, as well as possess the ability to work collaboratively
  • Strong computer skills including proficiency in Excel, Bloomberg, PowerPoint, and Word.
    • SQL coding ability and/or familiarity with MS SQL Server Management Studio a plus.

Note: The WSIB may elect to fill this position as an IO or AIO depending on applicant’s education, experience, and qualifications.

If your experience looks a little different from what we’ve identified and you think you can be successful, please address this in your cover letter.

SUPPLEMENTAL INFORMATION:

TO APPLY PLEASE VISIT – WWW.CAREERS.WA.GOV

In addition to a complete profile, please attach:

  • A cover letter specifying why this position is of interest to you, and how you meet the qualifications listed above. This letter should be no more than two pages.
  • A current chronological résumé.
  • A list of at least three professional references under the profile section. References will not be contacted without the written consent of the applicant but must be submitted at the time of application.

The initial screening will be based on the content and completeness of your application and the materials submitted. Failure to follow the application instructions may lead to disqualification. All information may be verified and documentation may be required.

Per Governor Inslee’s Proclamation 21-14, state employees must be fully vaccinated no later than October 18, 2021. Vaccine status will be verified at New Employee Orientation. Please reach out to HR@sib.wa.gov if you need information on medical or religious accommodation.

BACKGROUND CHECK:

Prior to a new hire, a background check including education verification, credit check, and criminal record history will be conducted. Information from the background check will not necessarily preclude employment but will be considered in determining applicant’s suitability and competence to perform in the position.

AT THE WSIB...

You’ll experience true work-life balance and talented, passionate co-workers focused on maximizing the investment returns for the exclusive benefit of the beneficiaries. The WSIB is a respected institutional investor and thought leader in its industry and we value diverse perspectives and life experiences. The WSIB is supportive of an H1B Sponsorship.

The WSIB is an equal opportunity employer. Women, racial and ethnic minorities, persons of disability, persons over 40 years of age, veterans, military spouses or people with military status, and people of all sexual orientations and gender identities are encouraged to apply.

The WSIB is committed to the full inclusion of all qualified individuals. As part of this commitment, the WSIB will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@sib.wa.gov.

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