Portfolio Engineer Intern

OUR AGENCY Make 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 about $145 billion in total assets under management, SWIB has been recognized by the investment industry for its teamwork and innovation that helps make it a premier asset manager.

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 663,000 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, which is consistently among the top 10 largest public pension funds in the U.

S. 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 reasonable returns and maintaining the trust of the beneficiaries and stakeholders of the funds we oversee.

Real World Experience This is your opportunity to gain professional experience working for one of the nation’s top public pension fund investment organizations.

We are looking for a dynamic, energetic intern who is eager to be a part of our dedicated team. SWIB’s intern program offers an opportunity for you to put your skills to use while at the same time to learn new skills in a professional environment.

Our internship program is designed to provide meaningful work through hands-on, authentic, professional experiences. About the Team The Portfolio Engineering team within the Private Markets and Funds Alpha ( PMFA ) division serves as a liaison between PMFA and SWIB’s technology teams to identify, structure, and prioritize the division’s data within SWIB’s broader infrastructure.

This team is responsible for the creation and ongoing maintenance of reporting and analytics that visualize and interpret data for internal analysis, alpha generation, risk assessment, and firmwide reporting.

SWIB is seeking a graduate-level student to join its Portfolio Engineering Team. This internship will provide the student an opportunity to gain exposure and knowledge of investing in private markets and hedge funds.

The candidate chosen will be well versed with investment knowledge and have the ability to understand and utilize data to inform decision-making and leverage collaboration skills to work across SWIB to build scalable analytic and reporting resources.

Essential activities : Collaborate with the senior PMFA portfolio engineer to develop investment reporting, including :

• Creating rigorous quantitative analyses (e.g., peer group benchmarking, exposures, and risk analytics, attribution reports), utilizing advanced statistical techniques and investment acumen
• Evaluating data sources of different levels of granularity and periodicity and advising on their use in reporting and analytic tools
• Contributing to the evaluation of the fit between investments and benchmarks
• Helping to code new reports and analytics, to gather and manage data, and to run monitoring processes
• Working on ad hoc projects as needed
• Work with internal investment, operations, technology, data and performance teams to gather requirements and industry knowledge that informs analytics and to operationalize reporting

The Ideal candidate :

• Ability to work in Madison, WI for an approximate 10-week period, beginning Summer of 2024.
• Current graduate student pursuing a degree in quantitative finance, or another related field or an undergraduate student pursuing a degree in computer science / math.
• Understanding of asset allocation, performance attribution, and risk measurement issues.
• Proficiency in at least one programming language, such as Matlab, R, Python, SQL, or C++.
• Proficiency with reporting tools including Snowflake, PowerBI, and / or Tableau.
• Understanding of practical mathematical and quantitative techniques.
• Understanding of quantitative investment portfolio concepts.
• Understanding of analytical tools, including accounting, performance, and risk systems.
• Understanding of industry-standard performance attribution and benchmarking calculations.
• Advanced analytical and quantitative skills.
• Ability to work with and organize large data sets for statistical analysis including familiarity with database management.

Join HIGHER PERFORMERS Home to Top Talent SWIB’s professionals shape sophisticated investment management strategies, by driving progressive technologies, and by delivering strong internal asset management results.

SWIB’s internal team invests approximately 50% percent of its assets under management in house. As a result, Institutional Investor recognizes SWIB as home to top talent in American public investing.

The organization has earned a reputation for investment excellence in part by running much of its portfolio successfully in-house versus outsourcing to Wall Street Institutional Investor.