Investment Risk Manager

As a Junior Investment Risk Manager, you help ensure that investment portfolios are managed within agreed mandates and risk limits. You work close to the investment process and deal with real portfolios, real data and real decisions.

Your core responsibility is supervision on risk and mandate limits. You supervise compliance, detect breaches of investment restrictions, validate facts and discuss these with the relevant stakeholders. In your role you work constructively with investment professionals, while maintaining independence and applying rules consistently. You are able to be collaborative, while also firm when governance and limits require it.

This role combines analytical work, stakeholder interaction and continuous improvement initiatives, and offers an environment that challenges you to learn about institutional investment risk control at a rapid pace.

As a Junior Investment Risk Manager, you will

·      Supervise compliance with mandates and risk limits across public and private markets.

·      Detect and analyze (potential) limit breaches.

·      Discuss breaches and follow-up actions and ensure proper documentation and closure.

·      Apply procedures consistently, even in situations with pressure or ambiguity.

·      Improve risk controls, processes and tooling to increase quality, transparency and efficiency.

·      Gradually take ownership of specific limits, asset classes or supervision processes.

You will learn

·      How risk limits and mandates function in practice within a large institutional portfolio.

·      How breaches arise, how they are assessed and how they are resolved.

·      How to work effectively with investment professionals while maintaining independence.

·      How to operate in a controlled risk environment and continuously improve it using data and systems.

What a day at work could look like

On Tuesdays, the whole team is in the office. The day starts with a knowledge-sharing session, where a colleague shares insights on supervising the market risk for the new Total Portfolio Mandate.

You then turn to your inbox, where you’ve received a request to assess whether a new mandate is clear, unambiguous, and can be supervised in our systems. Before the meeting with the investment manager to discuss your findings, you check SimCorp Dimension for any compliance alerts, such as country concentration limits. If a limit is exceeded, you flag the breach with the responsible investment manager so corrective action can be taken.

Being in the office means more than meetings and analyses. We share coffees, enjoy lunch together, and make room for personal connection as a team.

The 10 members of the Investment Risk Control team fulfill the autonomous risk function within PGGM Investment Management. The team’s core responsibility is to supervise whether the financial investment risks within the total investment portfolio and within the separate asset class mandates are within the agreed limits and risk appetite. This includes developing and maintaining risk procedures, methodologies and models. PGGM Investment Management is in a transition towards a more data-driven way of working, where improving data quality, automation and risk tooling plays an increasingly important role.

You will work alongside motivated professionals in a collaborative and supportive environment. We place strong emphasis on learning from each other, constructive challenge and continuously improving how we work. You will be encouraged to take ownership, ask questions and develop your skills, while being supported by experienced colleagues. If you are looking for a strong starting point for your career, with a steep learning curve in financial risk management and room to grow as a professional in investment management, this is the right place for you.

You bring the following

·      You have an academic level of thinking and working (WO), for example in Econometrics, (Quantitative) Finance, Economics.

·      You have 0–1 year of relevant work experience.

·      You are willing and motivated to pursue a professional qualification such as the CFA or FRM.

·      You are flexible and enjoy working in a dynamic environment where priorities can change during the day and no two days are the same.

·      You have affinity with and want to learn more about financial markets, investment instruments and risk management.

·      You work in a structured and disciplined manner and are a conscientious and reliable professional who takes ownership of their work.

·      You are tech‑savvy and comfortable working with data, systems and IT tools. You have basic experience with programming and/or databases.

·      You are analytical and critical where needed, and you communicate clearly and accurately about complex topics.

·      You are motivated to continuously improve processes, quality and transparency within a risk supervision environment.

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:

·      A pleasant workplace at our office in Zeist and, from the middle of 2028, in the center of Utrecht.

·      A gross monthly salary in scale 14 between 5.020 and 7.171 based on 36 hours, depending on your knowledge and experience.

·      A thirteenth month.

·      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.

·      26+ vacation days (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).

·      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.

Please contact Tijmen, recruiter, via tijmen.muller@pggm.nl for more information about the role.

We always communicate via official PGGM email addresses (@pggm.nl). Have you been approached by a third party and/or are you unsure whether the contact is genuinely on behalf of PGGM? Feel free to check whether there is a legitimate collaboration with third parties by emailing or calling us.