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Senior Credit Analyst

Employer
State of Wisconsin Investment Board
Location
Madison, Wisconsin
Salary
Market Competitive
Closing date
Jun 8, 2024

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Job Details

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 $156 billion of assets of the fully funded Wisconsin Retirement System (WRS), the State Investment Fund and other state 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 677,000 beneficiaries of the WRS, SWIB is a mission-driven organization focused on providing a strong financial future to those who committed their careers to public service. 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 Fixed Income Strategies Group manages approximately 14 billion across the fixed income spectrum, in separate actively managed portfolios focused on rates, IG credit, Structured Products, High Yield credit, and Leveraged Loans.  Each portfolio seeks income and capital appreciation using a disciplined, repeatable investment process tailored to its sector, which includes robust risk allocation and management.  Within this structure, investment professionals are empowered to meaningfully influence portfolio outcomes.

 

The Leveraged Finance Team manages a 5.5 billion High Yield and a 2.5 billion Leveraged Loan portfolio(s), with each team member working across both. The portfolio(s) have access to a wide range of security types, including derivatives in credit, equity and rates space to pursue their return and risk targets.  The team is currently seeking to add a Senior Credit Analyst.                                               

 

Position Overview

Essential activities:

  • Minimum 7 years’ experience as a buy-side or sell-side analyst specializing specifically in high yield bonds and loans.
  • Perform investment research inclusive of credit analysis, deal write-ups, and financial modeling.
  • Develop trade recommendation(s) across assigned coverage sector(s) based on fundamental and relative value analysis, and effectively communicate ideas to Team and Portfolio Manager.
  • Maintain a thorough understanding of the various macro factors that drive bond prices including economic data, interest rates, as well as currency and commodity impacts.
  • Establish working relationships and dialogue with sell-side analysts, company management, industry experts, rating agencies, and other SWIB investment professionals.

 

The ideal candidate:

  • Relevant leveraged finance investing experience in high yield bonds and leveraged loans.
  • Produce continuous and extensive idea velocity within sector coverage.
  • Sector coverage experience preferred but not required.  Willingness to adapt to change. 
  • Ability to work effectively within a small team and in cross-functional collaborations across various SWIB investment teams. 
  • Ultimate team player with an entrepreneurial attitude, strong interpersonal skills, and dedicated work ethic.
  • Solid analytical, quantitative, and communication skills, both written and verbal.
  • Experience with large data sets, programming/coding, and Aladdin a plus.

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.

 

Company

With approximately $117 billion in assets under management, the State of Wisconsin Investment Board (SWIB) is among the world’s largest institutional investors. Using a range of investment strategies across a spectrum of fixed income, equity, and private market asset classes, SWIB’s Core Fund has commonly beaten its benchmarks in the one, five, and ten year time horizons with a combination of internal portfolio management and allocation of assets to external managers. SWIB has an “analyst-centric” organizational structure and culture with an attractive career path for analysts. Analysts work on small, collaborative portfolio teams, and make significant individual contributions to their team’s investment decision process. SWIB’s incentive compensation plan rewards analysts based largely on the investment performance of their portfolio team.

Company info
Website
Telephone
608.266.2381
Location
4703 Madison Yards Way Suite 700
P.O. BOX 7842
Wisconsin
Madison
Wisconsin
53705
US

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