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 $162 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. The WRS consistently ranks among the 10 largest public pension funds in the U.S. 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 692,000 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 1,607 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 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.

Position Overview

SWIB is seeking a Portfolio Engineer intern 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 2026.
Current graduate student pursuing a degree in quantitative finance.
Understanding of asset allocation, performance attribution, and risk measurement issues.
Proficiency in at least one programming language, such as Python, SQL, or C++.
Proficiency with reporting tools including Snowflake and PowerBI.
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.

Portfolio Engineering Intern

Private Markets and Funds Alpha

State of Wisconsin Investment Board