Investment Risk Analyst Intern

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 $178 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. The WRS consistently ranks among the 10 largest public pension funds in the U.S. 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 703,000 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 1,607 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. Job Description: About the Team Our Risk Management Division will assess, evaluate, and monitor both Investment Risk, Counterparty Risk, Liquidity Risk, and Operational Risk, and establish dashboards of key risk metrics to report to Executive Director/Chief Investment Officer (ED/CIO), Investment Committee and Supervisory Board. This division will report directly to the ED/CIO. The team is responsible, through strong collaboration, for assessing, monitoring, reporting, and evaluating risks throughout the organization. Position Overview Essential activities: • Understand the Investment Management business and develop knowledge of the investment management portfolios/strategies, investment processes and Risk management processes. • Investment Risk Intern will work on projects related to investment risk management reporting and processes to ensure consistency and accuracy. • Intern will work to develop and update procedures and controls for the investment risk function. • Intern will work to design risk report templates and produce accurate risk reports for the Investment Committee and support daily investment-risk monitoring. • Intern will work to on ad-hoc risk analysis projects on an ex-post and ex-ante basis. The Ideal candidate: • Ability to work in Madison, WI for an approximate 10-week period beginning late May/early June 2027. • An advanced degree in finance, computer science, math, statistics, or related field. CFA/FRM/PRM will be a plus. • Work experience related to risk analytics or investment risk management work supporting risk systems will be a plus. • Knowledge of risk systems (including FactSet, Aladdin, Risk Manager) is desirable. • Experience in ideally gained at the multi-asset level within a buy side investment manager. • Experience in working with/understanding the various lifecycles of data management, extraction, loading, transformation to its applications in risk measurement and reporting. • Working knowledge in composing SQL queries and handling large structured and financial data sets. • Working knowledge of programming skills in Python, VBA etc. will be a plus. • Quantitative and statistical analysis skills is a plus. • 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 • Team player - ability to work independently as well as work as part of a team. • Flexible - ability to work in a rapidly changing environment and to tight deadlines.