About the role#
The Liquidity Management and Beta Implementation division manages the State Investment Fund and oversees passive Beta allocations for the organization. This team handles leverage arrangements, collateral optimization, and global trade execution. This is a full-time, paid internship for Summer 2027.
What you'll do#
- Manage assets within the 24 billion dollar State Investment Fund.
- Oversee index tracking passive Beta portfolios.
- Arrange leverage as recommended by board-approved asset allocation processes.
- Manage securities lending and borrowing activities.
- Optimize collateral usage.
- Execute global trades.
What you'll need#
- Enrollment in a graduate degree program focused on quantitative finance, economics, or a related field.
- A clear interest in pursuing a career in quantitative asset management.
- Proficiency in at least one statistical programming language, such as Python, R, or MATLAB.
- Strong understanding of the mathematics behind optimization algorithms and the ability to program them.
- Familiarity with market design and auction literature.
- Excellent verbal and written communication skills.
- A preference for working across functional teams to reach common goals.
Location & details#
- This role is based on-site in Madison, Wisconsin.
- You must be available to work for an approximate 10-week period beginning in late May or early June 2027.
About State of Wisconsin Investment Board
The State of Wisconsin Investment Board manages assets for the Wisconsin Retirement System and other state funds. Founded in 1951, the organization is based in Madison and operates as a government agency. It oversees approximately 178 billion dollars in assets to provide retirement benefits for over 703,000 public employees. The board employs between 201 and 500 people to handle investment operations, risk management, and capital markets.
How to get in at State of Wisconsin Investment Board
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