Senior Credit Analyst

State of Wisconsin Investment Board • Madison, WI

8d • Hybrid

About The Position

The State of Wisconsin Investment Board (SWIB) manages over $178 billion in assets, including those of the Wisconsin Retirement System (WRS). SWIB operates at a high level, comparable to top-tier global asset managers. The Fixed Income Strategies team manages over seventeen billion across five portfolios, covering rates, investment grade and leveraged credit, and structured products. They utilize both fundamental and quantitative insights, managing long-only and long/short strategies with an emphasis on disciplined portfolio construction, rigorous risk management, and collaborative decision-making. This role is responsible for conducting in-depth fundamental credit analysis on high yield and leveraged loan issuers, generating investment recommendations, and supporting portfolio construction. The ideal candidate will possess strong analytical skills, market awareness, and a proven ability to find relative value in below-investment-grade debt.

Requirements

• Minimum 10 years of experience in leveraged finance analytics, including advanced financial modeling and valuation skills
• Demonstrated success identifying relative value opportunities within covered sectors
• Strong understanding of credit markets, capital structures and distressed situations
• Broad understanding of global fixed income and capital markets
• Strong ability to collaborate effectively within a small team and across investment disciplines
• Excellent written and verbal communication skills
• Strategic mindset paired with exceptional attention to detail
• Team-oriented professional with a positive, constructive approach
• Proficiency with Bloomberg, Aladdin, or similar tools
• U.S. work authorization

Nice To Haves

• Familiarity with CLOs and private credit preferred

Responsibilities

• Perform investment research inclusive of credit analysis, deal write-ups, and financial modeling
• Evaluate relative value across bonds, loans, and other credit instruments
• Monitor existing portfolio holdings and provide ongoing risk assessments
• Collaborate with portfolio managers on trade ideas and portfolio positioning
• Engage with traders on market dynamics, liquidity, new issue
• Track market trends, sector developments, and macroeconomic factors impacting credit markets
• Generate written research reports and present investment recommendations to the investment team
• Establish and maintain working relationships and dialogue with sell-side analysts, company management, industry experts and rating agencies
• Lead, mentor, and develop less seasoned credit analysts
• Partner with quantitative and technology teams to build and enhance research and analytics platforms
• Provide leveraged finance expertise across the firm and participate in cross-market strategies and trades

Benefits

• Competitive total cash compensation, based on AON (formerly McLagan) industry benchmarks
• Comprehensive benefits package
• Educational and training opportunities
• Tuition reimbursement
• Relocation reimbursement to the Dane County area

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed