About the role#
The State of Wisconsin Investment Board is seeking a Structured Products Intern to join the Fixed Income Strategies Group for the summer of 2027. This role offers exposure to the structured products market, including agency and non-agency MBS, CMBS, ABS, and CLO. You will gain experience in fundamental analysis, financial modeling, and portfolio monitoring while working alongside portfolio managers and traders. This position provides a broad introduction to institutional fixed income investing and trading.
What you'll do#
- Conduct security level analysis across the structured products universe.
- Build and maintain financial models for cash flow projections and credit metrics.
- Participate in the investment process through idea generation, due diligence, and risk management.
- Work with portfolio managers, traders, and research teams on security selection and portfolio analysis.
- Rotate with the Investment Grade, High Yield, and Interest Rate teams to broaden your understanding of fixed income strategies.
- Shadow the trading desk to learn about execution and trading strategies.
- Monitor the financial performance and risk of existing portfolio holdings.
- Track market and industry developments that impact creditworthiness.
What you'll need#
- Current undergraduate or graduate student pursuing a quantitative degree such as Finance, Mathematics, Statistics, Computer Science, or Economics.
- Solid understanding of fixed income concepts like duration, convexity, and OAS.
- Interest in structured products analysis and trading.
- Strong analytical, quantitative, and problem-solving skills with the ability to interpret complex data.
- Proficiency in Microsoft Excel and experience with programming languages and databases.
- Familiarity with financial modeling.
- Strong written and verbal communication skills.
- Ability to work independently and as part of a team.
- Exposure to tools such as Bloomberg, Aladdin, or Yield Book is a plus.
Location & details#
- Location: Madison, Wisconsin.
- Term: Summer 2027.
- Modality: On-site.
- Employment type: Full-time, paid internship.
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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