Analyst / Associate Credit Risk Sharing

Great opportunity to join the Credit Risk Sharing (CRS) mandate that is recognised globally as a leading investor in balance sheet securitisation / significant risk transfer (SRT) – currently one of the fastest-growing private credit asset classes.

The CRS mandate manages circa € 7 billion worldwide. The team structures transactions directly with leading banks to participate in the credit risk of their core lending portfolios.

Your role

The Analyst Credit Risk Sharing role is a very interesting position for a high performing early-career professional, who is up for a steep learning curve with an immediate focus on unique investments within a large asset manager. You will be working in a midsize international team of experienced investment specialists. Your role will be to work closely with the investment professionals and learn on the job.

Your job consists of:

•       Activities related to analysis of new transactions, mostly with parties outside of The Netherlands. This includes qualitative and quantitative due diligence of the counterparty and the transaction structure.
•       Analyses of the portfolio, providing high-quality insights and reports to support the management of the team’s portfolios;
•       Monitoring performance of a selection of existing investments;
•       Understanding the back-bone of the mandates through supporting day-to-day operations of the mandates;

From day one you will be involved with the Credit Risk Sharing mandate. The starting point is to gain familiarity with the nature of the transactions and the workings of the portfolio. As you gain more knowledge and experience, your responsibilities will expand. For example, you will be monitoring existing investments and become part of deal teams responsible for new investment opportunities. In this role you work closely with different departments within PGGM, such as Investment Risk Analysis, Performance and the Back Office.

PGGM is a Dutch pension fund service provider responsible for managing the pensions for different pension funds, their affiliated employers and employees. With circa € 250 billion under management, PGGM is one of the biggest and most sustainable investors globally.

PGGM is globally recognized as one of the leading and most experienced investors in Credit Risk Sharing. The strategy was set up in 2006 and currently has circa € 7 billion assets under management. There are 19 team members working on Credit Risk Sharing with a range of professional backgrounds and nationalities. Our team includes several accomplished women and men, who are committed to mentoring and supporting new team members.

The Credit Risk Sharing mandate is considered an alternative asset class and therefore we do not expect candidates to have direct prior experience (although any related experience will be an advantage). However, we do require interest in bespoke investment structuring, credit risk, securitisation and banking and the ability to understand and analyse complex investment structures. Most importantly, you are very curious by nature, eager to learn, precise and good with numbers. 

The ideal candidate:

•       Has a master’s degree with excellent grades;
•       We are open to candidates with a variety of academic backgrounds, ranging from strongly quantitative such as Econometrics or Mathematics to more qualitative such as Corporate Finance or Law;
•       Has strong analytical skills, both qualitative and quantitative, and is a fast learner;
•       Likes intellectual challenges, is able to get to the essence of complex matters quickly and explain it in simple terms to others;
•       Is pro-active, precise and has strong attention to detail;
•       Has strong Word skills and advanced Excel skills. Further programming skills are considered an advantage;
•       has an open, reflective personality and is a strong communicator and cooperative team player;
•       Is fluent in spoken and written English;
•       Experience in and/or affinity with sustainability is considered a plus;
•       Relevant work experience (up to 5 years) in the investment or banking industry is considered a plus and can lead to being hired at Associate level;

The team consists of a diverse range of professionals with a variety of different nationalities and backgrounds. We value the different perspectives this provides. Therefore, we also encourage potential candidates who meet most, but not all, of the above requirements to apply for this position. 

At PGGM we are proud of our core values: trust, teamwork and innovation. These values arose from the best stories of our colleagues, moments when they were at their best. We believe those moments occur when you can be 100% yourself. At PGGM, we value the unique combination of your personal and professional attributes. Because what really counts at PGGM are people, one hundred percent! At PGGM, you can count on:

• The opportunity to work in an ambitious, experienced, best-in-class team with a supportive and collaborative spirit where all team members are encouraged to thrive;
• A steep learning curve, and the possibility to develop yourself on many fronts, including becoming a CFA Charterholder;
• The opportunity to learn about unique investments that are not commonly seen across asset managers;
• An international focus with a supportive and intellectually challenging environment;
• We support a healthy work-life balance with flexible working hours and a hybrid working environment combining working from home and in the office;
• A pleasant workplace at our office in Zeist and, from ealry 2028, in the center of Utrecht;
• A gross monthly salary in scale 14,15 or 16, depending on your knowledge and experience;
• A thirteenth month;
• Variable pay;
• A good pension scheme as a member of the PFZW pension fund (71% paid by PGGM, 29% by the employee);
• An annual Fit for the Future budget of €300 net, which you can use to improve your mental, physical, or financial fitness;
• A generous training budget for internal and external training courses or education;
• 30 vacation days based on a 40 hour workweek (employees can choose to swap up to two national Christian holidays for a day that is important to them);
• Flexibility in working hours and working from home options;
• A net internet allowance of €45 per month (€540 per year);
• Group discount on supplementary health insurance and dental insurance;
• A work-from-home arrangement with a maximum allowance of €900 to set up a health and safety-compliant home office;

You can find more information about our terms of employment and salary scales in our collective labor agreement.

You are most welcome to apply through our webiste, via the blue button.

Applications via mail will not be reviewed, we kindly request you to apply through the website in order to comply with GDPR regulations. Click here to learn more about how we process your personal data.

The recruitment process consists of CV selection, a capacity test and three interview rounds (including a case study). To apply please submit your updated CV, cover letter and academic grade lists.

We encourage prospective applicants to review the website below for additional information on the Credit Risk Sharing mandate:

CRS at PGGM | PGGM

More information? Contact Tijmen Muller, Corporate Recruiter by WhatsApp, +31 (0)6 83219364, or e-mail: recruitment@pggm.nl