Investment Officer
WSIB will consider an approved relocation package for the right candidate.
Supports the SIO in development, monitoring, and implementation of the WSIB’s investment policies, the periodic review of capital market assumptions, rebalancing, cash flow monitoring, and liability studies.
Develops thorough understanding of various benchmarks and measurement tools at the policy level and within asset classes for the purpose of periodic review of appropriateness.
Participates in discussions on macro-issues that may cause the WSIB to revisit its investment decisions (e.g., economic forces). Provides research, comments, and recommendations to the SIO on the appropriateness of new investments. Contributes to the development of the WSIB research agenda, including participating in investment research projects as appropriate.
The Strongest candidate will possess:
Intense curiosity in the “how” and “why” things are the way they are and about ways they can be better.
Knowledge of modern portfolio theory, capital markets, asset allocation modeling, investment risk management tools, investment portfolio mechanics, and general knowledge of all investment asset classes.
Demonstrated skill in developing investment portfolios that meet specific risk and return objectives and implementing those portfolios; knowledge of asset allocation optimization models; and experience monitoring risk and performance and recommending adjustments to meet the objectives.
Ability to contribute to risk discussions on market, operational and other risks inherit within WSIB investments.
Understanding of defined benefit plans and defined contribution plans, insurance investment portfolios, endowment funds, permanent funds, and a wide variety of other distinct portfolios.
Ability to process and evaluate large quantities of complex information to systematically assess and document the merits and risks of the related opportunity.
Strong communication, organizational, and relationship-building skills to coordinate work flow with the stakeholder groups and the various WSIB division groups.
Strong computer skills with a wide variety of software knowledge and the ability to quickly learn new applications as required.
Bachelor’s Degree in Business, Mathematics, Economics, Finance, Statistics, or closely related field AND at least 5 years of investment experience, preferably in an institutional investment setting. CFA designation strongly preferred.
To Apply for THis Position, Submit All of the Following:
A cover letter clearly specifying how you possess the qualifications listed above (no more than two pages in total).
A chronological resume.
A list of at least three professional references (current and past supervisors preferred). References will not be contacted without the written consent of the applicant.
A completed Washington State Employment Application. Located at www.sib.wa.gov under Opportunities/Jobs
You may submit materials by email to HR@sib.wa.gov, or postal service to: Washington State Investment Board, Attention: Human Resources, P.O. Box 40916, Olympia, WA 98504-0916.
Candidate evaluation will be ongoing and the WSIB may make a hiring decision at any time. It will be to the candidate’s advantage to submit materials as soon as possible. This recruitment will close when the position is filled.
ABOUT WSIB:
The Washington State Investment Board invests and manages entrusted funds in a manner consistent with statute, regulations, Board policies, and the highest standard of professional conduct for the exclusive benefit of the fund beneficiaries.
Why work at the WSIB?
We are a small state agency, employing 80 people in the areas of investments, information services, accounting and finance, and office/clerical support. We also employ management and supervisory professionals. Our environment is dynamic, professional, and technologically savvy.
We are located in Olympia, on the southernmost tip of Puget Sound. Olympians enjoy a quality of life enhanced by natural beauty and a mild year-round climate that promotes outdoor activities such as skiing, sailing, fishing, hiking, kayaking, and mountain climbing. Its close proximity to Seattle provides a variety of cultural and culinary experiences, while its residents enjoy a lower cost of living. Within a two-hour drive from Olympia are the Pacific Ocean, the Cascade and Olympic Mountains, and Seattle.
WSIB OFFERS:
Opportunities for training, growth, and advancement.
Tuition reimbursement.
Comprehensive benefits package, including health, dental, life, and long-term disability insurance; vacation, sick, military and civil leave; 11 paid holidays per year.
Membership in the Public Employees’ Retirement System.
Opportunities to participate in the Deferred Compensation and Dependent Care Assistance Programs.
SPECIAL NOTE:
A criminal history records check to include fingerprinting and credit check is required for all finalists. Background investigations are part of the pre-employment selection process and are not a commitment to employment.
The Washington State Investment Board is an equal opportunity employer. Women, racial and ethnic minorities, persons of disability, persons over 40 years of age, and disabled and Vietnam-era veterans are encouraged to apply. Persons of disability needing assistance in the application process, or those needing this announcement in an alternative format, please contact Tammy Wood, Human Resources Director at (360) 956-4615 or via email to twood@sib.wa.gov.
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