Implementation Analyst, Asset & Risk Allocation

Madison, Wisconsin
Aug 27, 2019
Sep 26, 2019
Job Function
Risk Management
Industry Sector
Employment Type
Full Time


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 more than $110 billion in total assets under management, SWIB is one of the world’s largest institutional investors. 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 632,000 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 25 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.



Home to Top Talent

SWIB has long been recognized as an investment leader because of its success in maintaining the WRS and for the highly-qualified staff overseeing the retirement trust funds. SWIB’s internal team invests a majority of its assets under management. This means SWIB is committed to investing in professionals that will keep the organization at the forefront of the investment industry. As an innovative organization, SWIB offers professional development opportunities that enable staff to grow and develop. Approximately 50 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, and is responsible for overall risk monitoring and management. 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 7 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 portfolio management process, with a focus on the evaluation and implementation of a variety of strategies using derivative instruments.                                  

Essential activities:

  • The Implementation Analyst will provide dedicated back-up and support to all aspects of the Implementation team including:
    • Back-up of day-to-day management of the synthetic portfolios.
    • Provide support for all portfolio management activity.
    • Assist with maintenance and development of portfolio management tools.
    • Assist with analysis of derivative instruments used to achieve beta exposures.
    • Assist with coordination of external beta managers.
    • Take a lead role in ensuring data availability necessary for portfolio management.
    • Capture ex-ante cost of financing information.
    • Assist with the development of new implementation strategies, instruments, automation and methodologies.
    • Provide analytical support for liquidity management and liquidity risk oversight.
    • Provide ex-ante and ex-post risk and return attribution analysis at all levels of the investment structure.
  • Assist with additional ARA group activities including:
    • Risk oversight of assigned portfolios/areas.
    • Develop risk oversight tools, leveraging the EDS and other available data sets.
    • Assist with the evaluation of potential new beta and exposure management strategies.
  • Analyze approaches to solving investment problems, quantify results and recommend practical implementation approaches.
  • Work collaboratively across all functional areas within SWIB.
  • Make investment decisions and execute those decisions with a high degree of accuracy.

The ideal candidate:

  • Bachelor’s Degree in business, finance, economics, or equivalent experience.
  • Superb attention to detail, work ethic, team orientation and commitment to excellence.
  • 5-plus years’ experience working for an institutional investor, with an emphasis in derivative instruments.
  • Ability to understand large data sets, complex investment problems and investment systems in order to organize solutions in a meaningful way.
  • CFA or other relevant professional investment designation or progress toward designation.
  • Advanced analytical and quantitative skills.
  • Creativity and a willingness to see and present new ideas.
  • Excellent verbal and written communication skills.
  • Ability to be adaptive and thrive in a fast-paced, changing environment.

SWIB Offers:

  • Competitive McLagan-base salary        
  • Meaningful performance-based incentive 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.