Investment Risk Analyst Intern

State of Wisconsin Investment Board • Madison, WI

4d • Onsite

About The Position

The State of Wisconsin Investment Board (SWIB) is seeking an Investment Risk Analyst Intern to join their Risk Management Division. This division is responsible for assessing, evaluating, and monitoring various types of risk including Investment Risk, Counterparty Risk, Liquidity Risk, and Operational Risk. The intern will work on projects related to investment risk management reporting and processes, aiming to ensure consistency and accuracy. This role involves developing and updating procedures and controls for the investment risk function, designing risk report templates, producing accurate risk reports for the Investment Committee, and supporting daily investment-risk monitoring. The intern will also contribute to ad-hoc risk analysis projects on both ex-post and ex-ante bases. The ideal candidate will gain a deep understanding of the Investment Management business, including portfolios, strategies, processes, and risk management frameworks.

Requirements

• 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.
• 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.

Nice To Haves

• 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 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.

Responsibilities

• Work on projects related to investment risk management reporting and processes to ensure consistency and accuracy.
• Develop and update procedures and controls for the investment risk function.
• Design risk report templates and produce accurate risk reports for the Investment Committee.
• Support daily investment-risk monitoring.
• Work on ad-hoc risk analysis projects on an ex-post and ex-ante basis.
• Understand the Investment Management business and develop knowledge of investment management portfolios/strategies, investment processes, and risk management processes.

What This Job Offers

• Career Level: Intern