Risk Systems Engineer @ State of Wisconsin Investment Board

Data & Analytics (2)
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Data & Analytics (2)

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 $156 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. We are the 9th largest public pension fund in the U.S. and the 25th largest public or private pension fund in the world. 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 691,000 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 1,500 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

The Technology Team at SWIB supports, implements & develops industry-leading systems and platforms to support SWIB’s diverse and complex set of investment portfolios and strategies. The team at SWIB strives to be a trusted advisor and partner to the business that is valued as a critical contributor to SWIB’s continued growth and success. We effectively leverage technology to derive the maximum value from it and achieve SWIB’s business goals. We keep technology aligned with SWIB’s future direction and operate SWIB’s technology according to industry standards.

Position Overview

The Risk Business Systems Engineer is responsible for supporting SWIB departments that utilize risk systems, such as FactSet, BlackRock Aladdin, MSCI Risk Manager, and Bloomberg PORT. This role will work closely with internal stakeholders and vendors to coordinate solutions that leverage the system capabilities.

Essential activities:

Partner with business users to review, prioritize, and manage open work items and enhancement requests, ensuring alignment with strategic goals and operational urgency.

Design, build, and maintain scalable applications and integrations that meet business needs.
Collaborate with business users to collect and analyze requirements, translating them into functional specifications.
Lead the maintenance and upgrades for the risk systems and the related interfaces, such as imports from SWIB’s IBOR and exports to SWIB’s reporting data warehouse.
Support risk systems by troubleshooting production errors, communicating status updates to users, and submitting fixes to prevent future issues.
Develop and execute test plans to ensure solutions meet functional and technical requirements.

The ideal candidate:

Experience with investment analytics platforms preferred, including FactSet, MSCI Risk Manager, BlackRock Aladdin, or Bloomberg PORT.
Bachelor’s degree in Computer Science, Information Technology, Economics, or Finance.
5-15 years of experience in application development, systems engineering, or business systems support.
Experience with SQL, Python, or other languages preferred.
Good understanding of risk data and risk workflow processes, including data loading, security modeling, and account and composite set-up.
Ability to document and communicate complex technical knowledge effectively.
Ability to translate business requirements into technology specifications and design systems to meet the needs of the business.
Demonstrated ability to work under minimal direction and lead projects that implement change.
Familiarity with system integration methods, such as APIs, ETL tools, and middleware.
Excellent analytical, problem-solving, and communication skills.
Understanding of ITIL practices or business process modeling preferred.

SWIB Offers:

Competitive total cash compensation, based on AON (formerly McLagan) industry benchmarks
Comprehensive benefits package
Educational and training opportunities
Tuition reimbursement
Challenging work in a professional environment
Hybrid work environment

The position requires U.S. work authorization.

Pursuant to our Hybrid Remote Work Policy, all staff have the flexibility to work remotely, but are required to have a weekly presence in our offices, the frequency of which is dependent on their distance from office. Staff are not required to reside locally; however, we offer relocation reimbursement to the Dane County area per our policy.

All SWIB employees are subject to SWIB’s Ethics Policy and Personal Trade Approvals Policy. These policies include restrictions on outside business activities and employment and have limits on personal trading. You may request copies of these policies from SWIB’s talent acquisition team and any questions can be answered by SWIB’s compliance team.

Risk Systems Engineer

Technology Team

State of Wisconsin Investment Board

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