Monetary portfolio manager

Shape and implement the Eurosystem’s monetary measures as a monetary portfolio manager at DNB.

You will have an impact!

As a monetary portfolio manager you make an important contribution to safeguarding price stability, as our monetary operations are pivotal in influencing financial market conditions throughout the eurozone.

As a monetary portfolio manager, you are involved in the day-to-day implementation of the ECB asset purchase programmes, as well as regular monetary operations. You will be part of a team of five portfolio managers, responsible for negotiating and executing large bond transactions with a number of international banks. Based on your financial market expertise you provide advice to senior management for multilateral policy discussions, such as the ECB’s Governing Council.

What exactly does your job involve?

• You implement DNB’s part of the ECB’s monetary operations (refinancing operations and asset purchase programmes across Dutch government bonds, agencies, covered bonds and RMBS) and DNB’s IMF-related transactions.
• You provide advice on monetary policy measures and the future design of the operational monetary framework of the Eurosystem.
• You identify and interpret important developments on financial markets.
• You actively participate in Eurosystem discussions and maintain close contact with experts at international investment banks and DNB’s monetary counterparties. Occasional international travel is part of the job.

This is where you will be working

As a monetary portfolio manager, you will be working in the Monetary Operations Department at our Amsterdam office, which is responsible for advising on and implementation of the ECB's monetary policy. In this role you have the unique opportunity to learn about a broad range of asset classes and how central banks interact with financial markets. The department consists of 12 portfolio managers and policy advisors who collaborate intensively in an inclusive and respectful manner, both within the team as well as with other areas of DNB. As we are an integral part of the Eurosystem, you closely consult with the ECB and other national central banks on monetary implementation issues. Our portfolio managers are active in financial markets on a daily basis and our researchers are active within the international academic community. Because of the variety of the department's activities, from implementation to policy advice and research, you gain a broad skillset in analysis, policy advice and portfolio management. You will have plenty of opportunities for self-development, which range from on the job training and rotation of tasks, to (international) courses and secondments.

At DNB we work in a hybrid manner. Our office in Amsterdam is our home base, the place where we meet, where we share knowledge and work (together). At the same time, there is also plenty of room to choose a workplace and -time where we can do our work best and where we can add as much value as possible. And of course we ensure that you can also work excellently at home with a laptop, telephone and a good home workplace design.

This is what we are looking for from you
You are passionate about working at the centre of financial markets and you are eager to learn more about monetary operations. You enjoy working in a close-knit team and you switch easily between different types of tasks. You value intellectual quality and operational accuracy.

What other characteristics are we looking for?

• You have a university Master’s degree with excellent results, preferably in a financial or economic field such as finance, econometrics or monetary economics.
• You are a recent graduate or you have several years of work experience.
• Experience/knowledge in at least one of the following languages / software will be appreciated: Python, R, SQL, Stata, VBA, Matlab.
• You have excellent oral and written communication skills in English. We offer Dutch lessons for foreign speakers (for conversational purposes; all internal communication and advice is in English).

This is what we offer you
A 36-hour working week right at the heart of today's financial and economic current events. With a reliable and socially involved employer in Amsterdam, who constantly responds to the changing requirements of our environment. And that continuously innovates. As an institution, we are at the heart of society. Our people are driven and involved in their work within a social context.
We see a diverse and inclusive work environment as one of the conditions for being successful as an organization and continuing to achieve our goals. This will offer you a wealth of opportunities to develop and gain new experiences, both in the Netherlands and abroad. You will initially be working on a one-year contract, with the prospect of an extension, provided you have performed well and our organisation has not undergone any changes that affect your job.

The other excellent terms and conditions of employment for this position are:

• A salary of at least € 3000.-- and a maximum of € 5600.-- gross per month, based on a 36-hour working week. Among other things, the final salary will depend on your expertise and experience.
• A 13th monthly salary, an 8% holiday allowance calculated on your 13-month salary and a freely disposable personal budget of 5.9% of your 12-months salary.
• Your pension entitlements will accrue under a career-average scheme including provisional indexation, with a 6.54% employee contribution.
• Full reimbursement of your public transport commute.
• Plenty of opportunities for professional and personal development through education and training.
• A healthy work-life balance. In this position, it is possible to divide your working week into 4 9-hour days.

Apply now!
If working with an impact as a monetary portfolio manager appeals to you, then don't wait but send us your job application straight away! Please send us your motivation letter and full cv.

Would you like to get to know us a little better? Watch the videos and testimonials from colleagues here and listen to our podcasts. Do you have any questions before you apply? Below are our contact details, we are happy to tell you more!

The selection procedure includes also an e-assessment. For the judicial screening, this position is divided into profile 2a. More information about the screening can be found on the page Over ons > Sollicitatieproces (information only available in Dutch).

The purpose of this vacancy is application, not acquisition.