Investment Risk Analyst – Market Risk & Analytics

CFA Institute; Saint Paul (MN); On-site; USD 106,000 - 194,000; Full time

Job summary

The Minnesota State Board of Investment seeks an Investment Risk Analyst to support enterprise-wide portfolio risk management and quantitative oversight of all assets under SBI’s management. You’ll monitor risk across asset classes, inform asset allocation decisions, and provide tools and reporting for investment staff and committees.

You’ll work with senior leaders and portfolio teams, expanding your market knowledge and technical toolkit through a collaborative, learning-focused environment

Qualifications

• Bachelor’s degree in a quantitative or analytical discipline (e.g. Finance, Statistics, Mathematics, Economics, Engineering, Computer Science).
• 2+ years of relevant experience in investment analysis, risk/performance analytics, or portfolio analytics, preferably with an asset allocator, investment consultant, or asset manager.
• Intermediate-to-advanced proficiency in Excel; comfort with large datasets and multiple data sources.
• Exposure to Python, R, SQL, and data visualization (PowerBI, Tableau) with willingness to deepen these skills.
• Pursuit of CFA program is encouraged.
• Excellent organizational skills and ability to manage multiple deadlines.

Responsibilities

• Support quantitative risk management oversight of the total investment portfolio, including market exposures and factor risks across asset classes.
• Maintain and enhance investment data, spreadsheets, and other reporting tools.
• Assist in design and production of internal risk reports for staff and committees.
• Automate data aggregation and transformation from custodians, managers, and internal systems.
• Support portfolio level analysis: asset allocation, rebalancing, what-if analysis, stress-testing.
• Analyze liquidity and cash flow forecasts, considering private markets pacing.
• Contribute to oversight of FX hedging, passive management and beta overlay programs.
• Assist in due diligence on external investment managers with exposure and performance diagnostics.
• Participate in process and system improvements to align with best practices.

Skills

Excel

Python

R

SQL

Power BI

Tableau

Data analysis

Communication

CFA progress

Education

Bachelor’s degree in Finance, Economics, Statistics or related field

Master’s degree in quantitative field (preferred)

CFA credential or progress toward CFA (preferred)

Tools

FactSet

Aladdin

Barra

Bloomberg PORT

Burgiss

Job description

The Minnesota State Board of Investment seeks an Investment Risk Analyst to support enterprise-wide portfolio risk management and quantitative oversight of all assets under SBI’s management. You’ll monitor risk across asset classes, inform asset allocation decisions, and provide tools and reporting for investment staff and committees.

You’ll work with senior leaders and portfolio teams, expanding your market knowledge and technical toolkit through a collaborative, learning-focused environment