Assistant Investment Officer OR Investment Officer, Public Equity
Apply NowCompany: State of Washington
Location: Olympia, WA 98501
Description:
Salary: $81,468.00 - $199,000.00 Annually
Location : Thurston County - Olympia, WA
Job Type: Exempt
Remote Employment: Flexible/Hybrid
Job Number: 2025-01682
Department: State Investment Board
Opening Date: 03/04/2025
Description
This recruitment will remain open until filled. The WSIB may make a hiring decision at any time. 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 (as of December 2024). 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 including 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 by reducing the amount of state contributions needed to cover state pension and other programs' benefits.
To learn more about our organization and the work we do, please visit our website at and follow us on
The WSIB operates in a hybrid work environment and this position should anticipate 60% of their time in the office. Initially, this position will be based in the Olympia office and will require some travel. Over the longer term, there may be an option to work from the Seattle office of the WSIB.
The WSIB is seeking a qualified candidate to join our team as an Assistant Investment Officer (AIO) or an Investment Officer (IO) on the Public Equity Team. This is an opportunity to join a globally recognized investment management organization. The primary objective of the AIO or IO - Public Equity is to provide technical and analytical support to the unit while participating in the ongoing selection, due diligence, and monitoring of public equity investments, all while ensuring consistency with the State of Washington's statutes and regulations, and the WSIB's policies.
The WSIB's public equity unit manages the investment of the public equity allocation of all programs including the defined benefit assets and the investment options for the defined contribution plans. Public equity is further utilized in the Labor and Industries' funds, the Guaranteed Education Tuition program, the Developmental Disability Endowment Fund, the Permanent Funds, and other programs as needed. At the current time, all of the WSIB's public equity allocations are managed through external investment managers.
The AIO or IO must work with the highest standard of professional and ethical conduct, and for the exclusive benefit of WSIB beneficiaries. The position will support and participate in all aspects of public equity investment management including rebalancing, searches, monitoring, research, analysis, development of recommendations, and risk management, with the goal of contributing to the public equity unit meeting or exceeding its investment return objectives.
Duties
IF SELECTED FOR THIS OPPORTUNITY, YOU WILL:
Be an agile and motivated individual with basic investment knowledge, unwavering integrity and a strong desire to learn and grow in a culture that values excellence and respect. We expect a blend of enthusiasm and humility. We are looking for someone who is adaptable and trustworthy; values teamwork and relationships with others; and values differences of opinions and backgrounds. We're looking for someone with intellectual curiosity, a proven commitment to continuous learning, and someone who is perceptive and insightful. This position requires a self-starting, critical-thinking individual who embraces the opportunities and challenges associated with working for one of the world's leading asset allocators.
If selected for this opportunity you will actively support and participate in the development, recommendation, implementation, and monitoring of investments in the Public Equity portfolio. Some of these duties include:
Qualifications
COMPETITIVE APPLICANTS WILL HAVE:
THE STRONGEST APPLICANT WILL HAVE:
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:
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 work with 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. While all candidates must have the ability to currently work in the U.S., 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:
; ; ; ; ; ; ; ; ; ; ; ; professional development opportunities; flexible work schedules; and participation in the ; and
An overview of benefits of state employment and WSIB specifically can also be found on our
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.
More than Just a Paycheck!
Employee benefits are not just about the kind of services you get, they are also about how much you may have to pay out of pocket. Washington State offers one of the most competitive benefits packages in the nation.
We understand that your life revolves around more than just your career. Like everyone, your first priority is ensuring that you and your family will maintain health and financial security. That's why choice is a key component of our benefits package. We have a selection of health and retirement plans, paid leave, staff training and other compensation benefits that you can mix and match to meet your current and future needs.
Read about our benefits:
The following information describes typical benefits available for full-time employees who are expected to work more than six months. Actual benefits may vary by appointment type or be prorated for other than full-time work (e.g. part-time); view the job posting for benefits details for job types other than full-time.
Note: If the position offers benefits which differ from the following, the job posting should include the specific benefits.
Insurance Benefits
Employees and their families are covered by medical (including vision), dental and basic life insurance. There are multiple medical plans with affordable monthly premiums that offer coverage throughout the state.
Staff are eligible to enroll each year in a medical flexible spending account which enables them to use tax-deferred dollars toward their health care expenses. Employees are also covered by basic life and long-term disability insurance, with the option to purchase additional coverage amounts.
To view premium rates, coverage choice in your area and how to enroll, please visit the Public Employees Benefits Board (PEBB) website. The Washington Wellness program from the Health Care Authority works with PEBB to support our workplace wellness programs.
Dependent care assistance allows the employee to save pre-tax dollars for a child or elder care expenses.
Other insurance coverage for auto, boat, home, and renter insurance is available through payroll deduction.
The Washington State Employee Assistance Program promotes the health and well-being of employees.
Retirement and Deferred Compensation
State Employees are members of the Washington Public Employees' Retirement System (PERS). New employees have the option of two employer contributed retirement programs. For additional information, check out the Department of Retirement Systems' web site.
Employees also have the ability to participate in the Deferred Compensation Program (DCP). This is a supplemental retirement savings program (similar to an IRA) that allows you control over the amount of pre-tax salary dollars you defer as well as the flexibility to choose between multiple investment options.
Social Security
All state employees are covered by the federal Social Security and Medicare systems. The state and the employee pay an equal amount into the system.
Public Service Loan Forgiveness
If you are employed by a government or not-for-profit organization, and meet the qualifying criteria, you may be eligible to receive student loan forgiveness under the Public Service Loan Forgiveness Program.
Holidays
Full-time and part-time employees are entitled to paid holidays and one paid personal holiday per calendar year.
Note: Employees who are members of certain Unions may be entitled to additional personal leave day(s), please refer to position specific Collective Bargaining Agreements for more information.
Full-time employees who work full monthly schedules qualify for holiday compensation if they are employed before the holiday and are in pay status for at least 80 nonovertime hours during the month of the holiday; or for the entire work shift preceding the holiday.
Part-time employees who are in pay status during the month of the holiday qualify for the holiday on a pro-rata basis. Compensation for holidays (including personal holiday) will be proportionate to the number of hours in pay status in the month to that required for full-time employment, excluding all holiday hours. Pay status includes hours worked and time on paid leave.
Sick Leave
Full-time employees earn eight hours of sick leave per month. Overtime eligible employees who are in pay status for less than 80 hours per month, earn a monthly proportionate to the number of hours in pay status, in the month to that required for full-time employment. Overtime exempt employees who are in pay status for less than 80 hours per month do not earn a monthly accrual of sick leave.
Sick leave accruals for part-time employees will be proportionate to the number of hours in pay status, in the month to that required for full-time employment. Pay status includes hours worked, time on paid leave and paid holiday.
Vacation (Annual Leave)
Full-time employees accrue vacation leave at the rates specified in (1) or the applicable collective bargaining agreement (CBA). Full-time employees who are in pay status for less than 80 nonovertime hours in a month do not earn a monthly accrual of vacation leave.
Part-time employees accrue vacation leave hours in accordance with (1) or the applicable collective bargaining agreement (CBA) on a pro rata basis. Vacation leave accrual will be proportionate to the number of hours in pay status, in the month to that required for full-time employment.
Pay status includes hours worked, time on paid leave and paid holiday.
As provided in , an employer may authorize a lump-sum accrual of vacation leave or accelerate the vacation leave accrual rate to support the recruitment and/or retention of a candidate or employee for a Washington Management Service position. Vacation leave accrual rates may only be accelerated using the rates established WAC 357-31-165.
Note: Most agencies follow the civil service rules covering leave and holidays for exempt employees even though there is no requirement for them to do so. However, agencies are required to adhere to the applicable RCWs pertaining holidays and leave.
Military Leave
Washington State supports members of the armed forces with 21 days paid military leave per year.
Bereavement Leave
Most employees whose family member or household member dies, are entitled to three (3) days of paid bereavement leave. In addition, the employer may approve other available leave types for the purpose of bereavement leave.
Additional Leave
Leave Sharing
Family and Medical Leave Act (FMLA)
Leave Without Pay
Please visit the State HR Website for more detailed information regarding benefits.
Updated 12-31-2022
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Location : Thurston County - Olympia, WA
Job Type: Exempt
Remote Employment: Flexible/Hybrid
Job Number: 2025-01682
Department: State Investment Board
Opening Date: 03/04/2025
Description
This recruitment will remain open until filled. The WSIB may make a hiring decision at any time. 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 (as of December 2024). 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 including 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 by reducing the amount of state contributions needed to cover state pension and other programs' benefits.
To learn more about our organization and the work we do, please visit our website at and follow us on
The WSIB operates in a hybrid work environment and this position should anticipate 60% of their time in the office. Initially, this position will be based in the Olympia office and will require some travel. Over the longer term, there may be an option to work from the Seattle office of the WSIB.
The WSIB is seeking a qualified candidate to join our team as an Assistant Investment Officer (AIO) or an Investment Officer (IO) on the Public Equity Team. This is an opportunity to join a globally recognized investment management organization. The primary objective of the AIO or IO - Public Equity is to provide technical and analytical support to the unit while participating in the ongoing selection, due diligence, and monitoring of public equity investments, all while ensuring consistency with the State of Washington's statutes and regulations, and the WSIB's policies.
The WSIB's public equity unit manages the investment of the public equity allocation of all programs including the defined benefit assets and the investment options for the defined contribution plans. Public equity is further utilized in the Labor and Industries' funds, the Guaranteed Education Tuition program, the Developmental Disability Endowment Fund, the Permanent Funds, and other programs as needed. At the current time, all of the WSIB's public equity allocations are managed through external investment managers.
The AIO or IO must work with the highest standard of professional and ethical conduct, and for the exclusive benefit of WSIB beneficiaries. The position will support and participate in all aspects of public equity investment management including rebalancing, searches, monitoring, research, analysis, development of recommendations, and risk management, with the goal of contributing to the public equity unit meeting or exceeding its investment return objectives.
Duties
IF SELECTED FOR THIS OPPORTUNITY, YOU WILL:
Be an agile and motivated individual with basic investment knowledge, unwavering integrity and a strong desire to learn and grow in a culture that values excellence and respect. We expect a blend of enthusiasm and humility. We are looking for someone who is adaptable and trustworthy; values teamwork and relationships with others; and values differences of opinions and backgrounds. We're looking for someone with intellectual curiosity, a proven commitment to continuous learning, and someone who is perceptive and insightful. This position requires a self-starting, critical-thinking individual who embraces the opportunities and challenges associated with working for one of the world's leading asset allocators.
If selected for this opportunity you will actively support and participate in the development, recommendation, implementation, and monitoring of investments in the Public Equity portfolio. Some of these duties include:
- Execute trading or rebalancing activities as required.
- Become an integral part of the unit's data maintenance, analyses, and risk reporting efforts.
- Contribute to manager monitoring on relationships assigned by the Senior Investment Officer (SIO) and/or their supervisor.
- Assist with research on a variety of topics relating to public equity markets, and public equity investments, allocations, and structures.
- Travel for varying events which include manager monitoring.
Qualifications
COMPETITIVE APPLICANTS WILL HAVE:
- Bachelor's Degree (preferably in business, mathematics, economics, finance, statistics, or closely related field.)
- Undergrads who will complete their Bachelor's degree prior to starting (Spring 2025), are encouraged to apply
- Knowledge of capital markets and macroeconomics.
- Intellectual curiosity.
- Analytical, critical, original, and creative thought.
- Integrity, honesty, and sound ethical judgment.
THE STRONGEST APPLICANT WILL HAVE:
- A commitment to completing the CFA designation.
- Demonstrated interest in investments.
- Knowledge of investment concepts and principles.
- Excellent written and verbal communication skills.
- Ability to process and integrate large quantities of complex information.
- Collaborative mindset and working methods.
- Ability to plan, organize and complete multiple projects in a timely manner.
- Strong computer skills including use of Microsoft Office, manager databases, risk systems.
- Willing and able to travel.
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 the WSIB and this position is of interest to you, an example from your life or work that demonstrates your ability to learn, and how you meet the qualifications listed above. This letter should be no more than two pages.
- A current chronological resume.
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 work with 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. While all candidates must have the ability to currently work in the U.S., 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:
; ; ; ; ; ; ; ; ; ; ; ; professional development opportunities; flexible work schedules; and participation in the ; and
An overview of benefits of state employment and WSIB specifically can also be found on our
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.
More than Just a Paycheck!
Employee benefits are not just about the kind of services you get, they are also about how much you may have to pay out of pocket. Washington State offers one of the most competitive benefits packages in the nation.
We understand that your life revolves around more than just your career. Like everyone, your first priority is ensuring that you and your family will maintain health and financial security. That's why choice is a key component of our benefits package. We have a selection of health and retirement plans, paid leave, staff training and other compensation benefits that you can mix and match to meet your current and future needs.
Read about our benefits:
The following information describes typical benefits available for full-time employees who are expected to work more than six months. Actual benefits may vary by appointment type or be prorated for other than full-time work (e.g. part-time); view the job posting for benefits details for job types other than full-time.
Note: If the position offers benefits which differ from the following, the job posting should include the specific benefits.
Insurance Benefits
Employees and their families are covered by medical (including vision), dental and basic life insurance. There are multiple medical plans with affordable monthly premiums that offer coverage throughout the state.
Staff are eligible to enroll each year in a medical flexible spending account which enables them to use tax-deferred dollars toward their health care expenses. Employees are also covered by basic life and long-term disability insurance, with the option to purchase additional coverage amounts.
To view premium rates, coverage choice in your area and how to enroll, please visit the Public Employees Benefits Board (PEBB) website. The Washington Wellness program from the Health Care Authority works with PEBB to support our workplace wellness programs.
Dependent care assistance allows the employee to save pre-tax dollars for a child or elder care expenses.
Other insurance coverage for auto, boat, home, and renter insurance is available through payroll deduction.
The Washington State Employee Assistance Program promotes the health and well-being of employees.
Retirement and Deferred Compensation
State Employees are members of the Washington Public Employees' Retirement System (PERS). New employees have the option of two employer contributed retirement programs. For additional information, check out the Department of Retirement Systems' web site.
Employees also have the ability to participate in the Deferred Compensation Program (DCP). This is a supplemental retirement savings program (similar to an IRA) that allows you control over the amount of pre-tax salary dollars you defer as well as the flexibility to choose between multiple investment options.
Social Security
All state employees are covered by the federal Social Security and Medicare systems. The state and the employee pay an equal amount into the system.
Public Service Loan Forgiveness
If you are employed by a government or not-for-profit organization, and meet the qualifying criteria, you may be eligible to receive student loan forgiveness under the Public Service Loan Forgiveness Program.
Holidays
Full-time and part-time employees are entitled to paid holidays and one paid personal holiday per calendar year.
Note: Employees who are members of certain Unions may be entitled to additional personal leave day(s), please refer to position specific Collective Bargaining Agreements for more information.
Full-time employees who work full monthly schedules qualify for holiday compensation if they are employed before the holiday and are in pay status for at least 80 nonovertime hours during the month of the holiday; or for the entire work shift preceding the holiday.
Part-time employees who are in pay status during the month of the holiday qualify for the holiday on a pro-rata basis. Compensation for holidays (including personal holiday) will be proportionate to the number of hours in pay status in the month to that required for full-time employment, excluding all holiday hours. Pay status includes hours worked and time on paid leave.
Sick Leave
Full-time employees earn eight hours of sick leave per month. Overtime eligible employees who are in pay status for less than 80 hours per month, earn a monthly proportionate to the number of hours in pay status, in the month to that required for full-time employment. Overtime exempt employees who are in pay status for less than 80 hours per month do not earn a monthly accrual of sick leave.
Sick leave accruals for part-time employees will be proportionate to the number of hours in pay status, in the month to that required for full-time employment. Pay status includes hours worked, time on paid leave and paid holiday.
Vacation (Annual Leave)
Full-time employees accrue vacation leave at the rates specified in (1) or the applicable collective bargaining agreement (CBA). Full-time employees who are in pay status for less than 80 nonovertime hours in a month do not earn a monthly accrual of vacation leave.
Part-time employees accrue vacation leave hours in accordance with (1) or the applicable collective bargaining agreement (CBA) on a pro rata basis. Vacation leave accrual will be proportionate to the number of hours in pay status, in the month to that required for full-time employment.
Pay status includes hours worked, time on paid leave and paid holiday.
As provided in , an employer may authorize a lump-sum accrual of vacation leave or accelerate the vacation leave accrual rate to support the recruitment and/or retention of a candidate or employee for a Washington Management Service position. Vacation leave accrual rates may only be accelerated using the rates established WAC 357-31-165.
Note: Most agencies follow the civil service rules covering leave and holidays for exempt employees even though there is no requirement for them to do so. However, agencies are required to adhere to the applicable RCWs pertaining holidays and leave.
Military Leave
Washington State supports members of the armed forces with 21 days paid military leave per year.
Bereavement Leave
Most employees whose family member or household member dies, are entitled to three (3) days of paid bereavement leave. In addition, the employer may approve other available leave types for the purpose of bereavement leave.
Additional Leave
Leave Sharing
Family and Medical Leave Act (FMLA)
Leave Without Pay
Please visit the State HR Website for more detailed information regarding benefits.
Updated 12-31-2022
01
Where did you learn about this job opening? (Used to measure website engagement)
Required Question