What are the responsibilities and job description for the Assistant Investment Officer, Tangible Assets position at State of Washington State Investment Board?
Description
This recruitment will remain open until filled, and it is in the candidate’s best interest to apply early.
The Washington State Investment Board (WSIB) is a dedicated global investment management organization with over $211.5 billion in assets under management. The WSIB's globally diversified portfolios are comprised of more than 18,500 holdings across 93 countries on 6 continents and in 50 currencies. The WSIB's central mandate is to maximize return at a prudent level of risk. The WSIB manages investments for 18 retirement plans for public employees, teachers, school employees, law enforcement officers, firefighters, and judges. We also manage investments for several other important public funds that benefit Washington’s industrial insurance program, colleges and universities, and developmental disability programs. The WSIB’s excellent investment performance dramatically contributes to the state’s bottom line.
To learn more about our organization and the work we do, please visit our website at sib.wa.gov and follow us on LinkedIn.
The WSIB operates in a hybrid work environment and this position should anticipate 60% of their time in the office.
The WSIB is seeking a qualified candidate to join our Tangible Assets team as an Assistant Investment Officer (AIO). The primary objective of the Assistant Investment Officer (AIO) is to assist the Senior Investment Officer (SIO), Assistant Senior Investment Officer (ASIO), and Investment Officer (IO) in the ongoing management and monitoring of tangible asset investments while ensuring consistency with the State of Washington’s statutes, regulations, and Board policies with the highest standard of professional and ethical conduct for the exclusive benefit of WSIB beneficiaries.
Duties
IF SELECTED FOR THIS OPPORTUNITY, YOU WILL:
- Compile, evaluate, and report to the team on portfolio composition, sector/subsector allocations, geographic mix, and manager concentration.
- Evaluate and propose various performance metrics.
- Oversee all databases and sources used by the Tangible Assets team. This includes ensuring the accuracy of fund-level data provided by a third party and evaluating and recommending new systems or data.
- Work with other team members to assist with data, analysis, and reporting in developing investment recommendations and monitoring.
- Review, and keep current, on issues affecting sectors utilized by the tangible assets framework.
- Perform ad hoc research projects on economics, industry, and sector related to tangible assets.
Qualifications
COMPETITIVE APPLICANTS WILL HAVE:
- A bachelor’s degree coupled with entry-level experience in finance, preferably in private partnerships in an institutional investment setting.
- A relevant master’s degree and/or CFA/CAIA certification or progress toward such certification may substitute for experience.
THE STRONGEST APPLICANT WILL HAVE:
- CFA and/or CAIA designation
If your experience or qualifications look different from what we have identified and you think you can be successful in this position, please address this in your cover letter.
Supplemental Information
In addition to a complete profile, please include:
- A cover letter specifying why this position is of interest to you and how you meet the qualifications listed above. This letter should be no more than two pages.
- A current chronological resume.
- A list of at least three professional references under the profile section. References will not be contacted without the written consent of the applicant but must be submitted at the time of application.
BACKGROUND CHECK:
Prior to a new hire, a background check including education verification, credit check, and criminal record history will be conducted. Information from the background check will not necessarily preclude employment but will be considered in determining applicant’s suitability and competence to perform in the position.
At the WSIB you’ll experience true work-life balance and talented, passionate co-workers focused on maximizing the investment returns for the exclusive benefit of the beneficiaries. The WSIB is a respected institutional investor and thought leader in its industry and we value diverse perspectives and life experiences. The WSIB is supportive of an H1B Sponsorship.
The WSIB is an equal opportunity employer. Women, people of color and those representing diverse ethnicities, persons of disability, persons over 40 years of age, veterans, military spouses or people with military status, and people of all sexual orientations and gender identities are encouraged to apply.
Employees may be eligible for the following benefits:
Medical, Dental, and Vision for employee & dependents; Public Employees Retirement System (PERS); Vacation, Sick, and other Leave; 11 Paid Holidays and 1 Personal Holiday per year; Public Service Loan Forgiveness; Long Term Disability; Life Insurance; Deferred Compensation Programs; Dependent Care Assistance Program (DCAP); Flexible Spending Arrangement (FSA); Employee Assistance Program; Commute Trip Reduction Incentives; professional development opportunities; flexible work schedules; and participation in the Combined Fund Drive; and SmartHealth.
An overview of benefits of state employment and WSIB specifically can also be found on our website (Download PDF reader).
The WSIB is committed to the full inclusion of all qualified individuals. As part of this commitment, the WSIB will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@sib.wa.gov.
