Business Analyst - Public Markets Front and Middle Office

Company: State of Wisconsin Investment Board
Location: Madison
Posted on: May 26, 2023

Job Description:

OUR AGENCYMaking a DifferenceSWIB is a trusted and skilled global investment organization managing the assets of the Wisconsin Retirement System (WRS) and other separately managed funds. With over $165.6 billion in total assets under management, SWIB has been recognized by the investment industry for its teamwork and innovation that helps make it a premier asset manager. Sophisticated investment management strategies, forward-looking technologies, and strong internal asset management make SWIB a leading investment organization.For public employees in Wisconsin, SWIB is a unique and valuable partner. Investing for the financial security of more than 652,000 individuals - and for the 1,500 Wisconsin employers who contribute on behalf of their employees - SWIB's strong management of the WRS has helped fuel one of only a few fully funded public pension funds in the country. SWIB's long-term investment returns meet the challenges of a constantly evolving investment landscape while helping grow and protect the assets of the WRS, which consistently ranks among the 10 largest public pension funds in the U.S.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 respectable returns and maintaining the trust of the beneficiaries and stakeholders of the funds we oversee.Join HIGHER PERFORMERSHome to Top TalentSWIB is recognized as a premier investment manager because of the highly qualified staff successfully managing the assets of the WRS trust funds. SWIB is committed to investing in talented professionals that will help implement a robust and sophisticated investment strategy to manage over half of the trust fund assets internally and keep the organization at the forefront of the investment industry. As an innovative organization, SWIB offers professional development opportunities to help staff sharpen and expand their skills. Approximately 61 percent of SWIB's investment professionals are Chartered Financial Analyst (CFA) charter holders.About the TeamSWIB's Project Management Office serves the entire organization, including investment management, operations, technology, data management, and finance. The PMO is responsible for oversight, planning, and ongoing management of projects. The group works closely with key stakeholders, and subject matter experts from across the organization. The team seeks a Business Analyst (BA) to focus on implementation, integration, and process improvement efforts across the Front and Middle office spaces. Functionally, this will cover Order and Execution Management, Portfolio Management, Compliance and Post Trade Processing. The BA role plays a key part in driving change and is a liaison between the investment management teams and the resources (internal and external) necessary to deliver the requested work efforts.Position OverviewEssential activities:Develop a deep understanding of the end-to-end investment and operational process, procedures, and controls.Lead and facilitate through planning and execution prioritized work requests in partnership with the delegates from impacted business units to ensure successful implementation and realization of intended business benefits.Draft business requirements at the appropriate level of detail for each work effort, ensuring the cross-functional impacts and any required coordination/integration effort has been identified ahead of the solution.Work with internal and external stakeholders to gather and validate business requirements and assist with the functional design of solutions.Partner with various IT roles to provide input into the technical aspects of solution design.Develop, execute, and document user test plans and organize and oversee end-user testing and acceptance.In partnership with technology, end users, and other stakeholders perform functional testing of system enhancements/changes resulting from the work effortDevelop, or assist in the development, of end-user training materials and coordinate / conduct user training.Escalate issues and risks accordingly and help drive their resolution - providing input as neededPro-active communication to project team, stakeholders, senior management and the wider organization. Managing expectations is key.Prepare well-structured materials and audience appropriate messagingFoster team learning and collaboration by encouraging and modeling open expression of diverse ideas and opinions.The ideal candidate:At least 5 years' experience in business analyst roles at investment management organizations with significant time spent in a business analyst role.Substantial knowledge of the end-to-end investment operations lifecycle across asset classes, including the processes, workflows, and investment platforms/systems used to support the investment business.Experience with Order/ Execution Management and Post Trade Processing systems: e.g. SimCorp Dimension, Charles River Development, Flex ONE, etc. would be a significant plusExperience with other Portfolio management/ Risk systems e.g., Blackrock Aladdin, FactSet, MSCI would also be beneficial.Detailed exposure to various investment types, security types and asset classes, with a solid understanding of what makes each unique and its intended application within the investment strategy.Ability to forge strong working relationships at all levels of the organization.Ability to learn quickly and adapt to new processes and approachesCommunication skills: demonstrating ability to be clear and relevant at all levels of the organization.Excellent analytical and problem-solving skills.Experience with creating and driving change management plans.Qualifications/ Certification in project management is a plusSuperb work ethic, attention to detail, collaborative approach, and commitment to excellence.SWIB Offers:Competitive McLagan-based total cash compensationA comprehensive benefit packageEducational and training opportunitiesTuition reimbursementChallenging work in a professional environmentThe 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.

Keywords: State of Wisconsin Investment Board, Madison , Business Analyst - Public Markets Front and Middle Office, Professions , Madison, Wisconsin