Front Office Developer Multi Asset

Do you want to take your investment career to the next level at a global asset manager? Do you want to help reshaping the financial sector of tomorrow with your investment skills? Are you cooperative and prepared to roll up your sleeves? Are you thorough and detailed in your work, and not looking to cut corners? Then we are looking for you!

About APG

APG manages over €500 billion in pension assets for pension funds. APG provides the pension for one in five
families in the Netherlands. APG plays a leading role in the pension sector, and focuses strongly on the transition towards sustainable investing.

The Multi-asset domain houses the following activities of APG Asset Management:

1. Asset Allocation & Overlay

This team focusses on managing the investment portfolio from a top-down perspective. Examples of key activities are monitoring and analyzing market and economic developments that may impact total portfolio return and risk, steering and rebalancing the asset mix in line with client specific policies, and overseeing client specific overlay activities, in particular with respect to hedging interest rate and currency risk.

1. Liquid Commodities investments

The team is responsible for the research, development and portfolio management of the commodity investment strategies. The team takes exposures across a broad variety of markets, mostly in sectors such as agriculture, base metals, and precious metals. Investments are made through derivatives and the team employs a systematic active investment strategy, relying on a custom built portfolio management and research framework.

1. Treasury & Trading

Implementation of all investment decisions across equities, fixed income, money markets, currencies and a broad variety of listed and OTC derivatives is the responsibility of this team. The team’s expertise is to implement large exposures effectively and discretely, thereby avoiding impact on market prices. A highly varied technical infrastructure is applied to access markets and liquidity; in many cases systematic trading strategies are applied. A large part of the trading activities also require active management of counterparty credit and liquidity risks and the team is responsible for managing those risks in line with frameworks that are agreed with the pensionfund clients.

In the role of front office developer you will contribute to development, implementation and maintenance of a broad variety of (quantitative) models. In that capacity you will cooperate with portfolio managers, traders and researchers, most specifically with those that are involved with quantitative R&D. The level of knowledge of quantitative techniques across the department is high and there is a strong ambition to continuously improve on these from a return, risk and operational efficiency perspective.

Examples of in-house built models that we employ are:

• Interest rate derivative pricing and exposure management
• Optimization of cash and collateral balances
• Relative value modeling for interest rate curves
• Multi-factor model for running a tactical FX strategy
• Simulation based model for measurement of counterparty credit risk
• Risk management modules for steering the currency and interest rate overlays
• Systematic strategy for limiting market impact of executing equity-baskets.
• Commodity Alpha Model.
• Timing model for rolling commodity futures contracts.
• Liquid Commodities Platform for R&D and PM tooling

Job description & Primary Responsibilities

Your main duties and responsibilities are:

• Contribute to the development and realization of the digitalization vision within Multi Asset.
• Contribute to (actual) process of translating models/research into (production ready) code/user-tooling, in line with design principles, policies and control frameworks.
• Close interaction with quants, quant traders and quant portfolio managers on current and forthcoming research and development activities, including the planning of the required software implementation.
• Identify and realize infrastructural components, frameworks and new technology. Liaise with Value streams within COO-IT and SIS.
• Data sourcing/gathering (via API/direct connectivity/etc.); data storage/database management; data delivery to quants/quant portfolio managers/quant traders within Multi-Asset.
• Structure and oversee the (DevOps) release process: test-routines, use and maintain separate develop, test and production environments.
• Streamlining architecture of in-house developed software: multiple applications using each other.
• Streamlining database infrastructure and data sources: multiple applications having similar/overlapping data-requirements.
• Streamline process of multiple developers working on the same implementation in a controlled manner.
• Documentation of software development and setting of documentation standards.
• Provide guidance to PMs / traders with respect to best practices for a broad range of IT infrastructure, data and digitalization related topics.
• Stimulate cross-functional cooperation, in particular connectivity of tooling / applications and fully automated cross-functional data sharing.

Profile

For the Multi Asset teams we are looking for a hands-on team player to strengthen the team. The candidate has:

• An academic degree in software engineering, computer science or equivalent qualification.
• At least 3 to 7 years relevant working experience, preferably in the investment industry.
• Highly experienced in Python and R (via Posit), C++ (both in PC-based and server-based/Linux environments).
• Experience with (non)relational database management systems (incl. add-ons) like SQLServer, Postgres incl. TimeScaleDB, MarkLogic.
• Working knowledge of API usage/development including protocols like HTTP REST, Websockets and other protocols.
• Comfortable working with streaming (timeseries) data and integration into (analytical) applications. Hands-on expertise in design and implementation of event driven architecture and systems.
• Basic understanding of front-end development practices, including dashboarding frameworks like Dash, Rshiny, PowerBI, etc.
• Significant experience with best practices in software engineering including VCS like Azure DevOps/git, testing, CI/CD and documentation writing (Confluence).
• A curious, multidimensional, creative, pro-active, open minded, independent, pragmatic and digital mindset.
• A focus on (investment) excellence and cost effectiveness.
• Excellent command of the English language (both verbally and in writing), while command of the Dutch language is viewed favorably.

What APG has to offer
We offer you a competitive monthly salary based on 40-hours and attractive terms of employment with a
focus on flexibility.

• Ample attention to your vitality and personal development
• Ability to grow your professional network, internally as well as externally
• Hybrid working: at home and in our Amsterdam office
• And of course a well-organized pension.

More information?

Klaas Reedijk (head of Asset Allocation & Overlay) and Ruben Winnink (head of Trading) can tell you all about this great job, feel free to contact them at klaas.reedijk@apg-am.nl and ruben.winnink@apg-am.nl. If you have any other question, please contact our recruiter.

This job vacancy is open to all APG’ers. If you are interested, do not hesitate to apply before 20th of September. At this moment we are unable to determine the lead time of this job vacancy, because a number of colleagues are in The Making of You Intensief, which means that these colleagues get priority as it comes to filling in appropriately matched job vacancies. This is an agreement set out in the Social Plan. It could be a few weeks or even a few months before you hear a definitive reaction from us.