Job Description

Description

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 $186.1 billion in assets under management. The WSIB\'s globally diversified portfolios are comprised of more than 17,000 holdings across 93 countries on 6 continents and in 52 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 and follow us on .

The WSIB operates in a hybrid work environment and this position should anticipate 60% of their time in the office.

The Washington State Investment Board (WSIB) is seeking a qualified candidate to join our team as an Investment Officer on the Risk Management Asset Allocation (RMAA) team.

The primary objective of the Investment Officer (IO) - Risk Management and Asset Allocation (RMAA) is to assist the Risk Management and Asset Allocation unit in the structuring, organization, and implementation of the investment risk and asset allocation program. The IO contributes to the development and advancement of the investment risk assessment and management activities.

The IO will assist in a variety of unit activities such as cash flow monitoring, portfolio rebalancing, performance analysis, risk monitoring, and asset allocation studies. The IO will be a significant contributor to the evolution of the risk management program, with capabilities to build out tools and reporting for quantitative and qualitative risk assessment, portfolio exposures, and performance analytics. In the building out of tools and reporting, the IO is expected to develop a deep understanding of the roles of the asset classes within the WSIB\'s portfolios and the risks that are accepted and discovered as a result of its portfolio construction, market developments, and changes to its cash flow projections over time.

Duties

PRIMARY RESPONSIBILTIES:

• Actively participates in all aspects of the development, implementation, and monitoring of Risk Management and Asset Allocation activities.
• Supports the RMAA SIO in cash flow monitoring, rebalancing, performance analysis, risk monitoring, and asset allocation studies.
• Recommends overall risk management ideas, tools, research and strategies.

DETAILED RESPONSIBILTIES:

• Works with RMAA staff and other teams to monitor cash flow activities, conduct portfolio rebalancing, and produce various reports for RMAA SIO and executive management.
• Participates in the development, implementation, and monitoring of performance attribution and aids in enhancing the investment analytics knowledge and expertise of the agency.
• Proposes new ways to think about and view the portfolios from both a technical and fundamental standpoint.
• Works with RMAA staff to identify, acquire, deploy, and maintain data sources and systems to facilitate risk measurement and reporting.
• Develops risk assessment metrics for adoption in the total portfolio investment management risk program.
• Supports the unit in its efforts to analyze quantitative and qualitative risks of various portfolios and asset classes managed by the WSIB.
• Makes recommendations with respect to important aspects of risk monitoring not currently captured in existing risk measurement tools to aid in analyzing risk data.
• Conducts strategic asset allocation studies and make related recommendations to stakeholder governing bodies and Board.
• Drafts and recommends improvements to stakeholder presentations and materials as well as periodically present to stakeholder groups.
• Evaluates research services, research consultants, data sources, and risk models and makes recommendations to the RMAA SIO.
• Performs ad hoc research projects and other duties, as required.
• Manages small projects in the cross-functional team environment.
• Organizes and complete projects in a timely fashion, with high attention to detail.
• Work with SIO on other projects that might be requested by the Board or executive management.

Qualifications

A bachelor\'s degree in business, finance, economics, math, engineering, statistics, or a related field, and at least three years of investment experience, preferably in an institutional investment setting; an advanced degree is desirable. CFA and CAIA designations are strong plus.

Excellent analytical skills; ability to research, analyze, synthesize, and apply information and results from financial literature and other sources, including the ability to apply quantitative and empirical research to real world issues in the financial management industry.

Excellent written and verbal communication skills with the ability to present concise explanations of complex analyses.

Demonstrated resourcefulness and a commitment to learning.

Strong computer skills with a wide variety of software knowledge and the ability to quickly learn new applications.

Excellent modeling skills strongly preferred.

Familiarity with software from financial data providers (e.g. MSCI, BlackRock, and Bloomberg) desired.

Familiarity with multi asset class asset allocation, performance attribution and benchmarking desired.

Highest sense of integrity - honest and ethical.

Strong organizational skills, including the ability to manage multiple projects simultaneously, establish time frames for projects, and proactively communicate progress toward goals.

Ability to be flexible, respectful, and effective while working with the RMAA team and other teams.

Experience with collaborative, cross-functional teamwork.

If your experience or qualifications vary from what we have identified and you think you can be successful in this position, please address this in your cover letter.

Supplemental Information

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, people of color and those representing diverse ethnicities, 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.

Employees may be eligible for the following benefits:

& professional development opportunities, flexible work schedules, and participation in the and .

An overview of benefits of state employment and WSIB specifically can also be found on our .

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.

Washington State