Portfolio Performance Analyst

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Financial Operations
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3257 Total Views

Deadline for application: 9 May 2021

 

We are looking for a Portfolio Performance Analyst to join the performance team within the Middle and Back Office division. The selected candidate, who will report to the Head of Middle and Back Office, will contribute to and enhance the analysis of the performance and the reporting of investment activities.

Among other liquidity portfolios, the ESM manages, prudently and conservatively, €80.5 billion of capital paid in by the euro area member states. The paid-in capital contributes to ensuring the institution's creditworthiness, an essential factor supporting the ESM's capacity to borrow from financial markets at favourable rates. Its strategy has three dimensions. First, it has a dynamic investment strategy. Second, it diversifies across a wide range of fixed income assets in the investment grade space. Finally, it conducts transactions and calibrates them so that they can be absorbed, without difficulty, by the market. Performance analysis reflects the evolution of the value of this portfolio against strategic and tactical benchmarks.

The European Stability Mechanism (“ESM”) is the permanent crisis resolution mechanism for euro area countries. It provides financial assistance to Members facing financing difficulties. European leaders have agreed to an expanded mandate for the ESM, which it will implement in the years ahead. The ESM will have a stronger role in the analysis of financial stability risks and design of policy measures in programmes, jointly with the European Commission; it will provide the Single Resolution Board with a financial backstop to support effective and orderly resolution of banks. In the context of the current Covid-19 crisis, the ESM has established a precautionary credit line as one important element in the joint European response to the pandemic.

The ESM is a unique place to work with around 210 individuals from around the world committed to making a difference to the future of the euro area. It recruits talented professionals of any nationality from both the private and public sector. 

 

KEY ACCOUNTABILITIES

Investment analysis and reporting

  • Report on investment activity and performance to internal stakeholders (Head of department, Front Office, Risk, Management Board).
  • Report and present on investment activity and performance to relevant committees.
  • Perform data quality checks on data feeds for portfolio analytics tool.
  • Develop and maintain processes, procedures, and tools for investment analysis.
  • Maintain and enhance relevant IT systems, data feeds, and databases.

Investment portfolio benchmarking

  • Maintain and develop the benchmarking framework for the ESM’s investment portfolios.
  • Ensure that the necessary processes, procedures, methodologies, support and control systems are up to date and effective.
  • Calculate benchmark positions at rebalance.
  • Input new benchmark composition into the financial system.
  • Monitor and report on portfolio’s relative performance against benchmarks (tactical and strategic).

Projects and initiatives

  • Participate in initiatives that aim at further developing the ESM in line with its objectives, including implementing new instruments, tools, and systems:
    • Assist with business case definition.
    • Define and test requirements.
    • Validate the translation of business requirements into IT specifications.
    • Work in close collaboration with relevant internal and external stakeholders to deliver project objectives.

 

KEY BACKGROUND & EXPERIENCE

  • University degree is required, preferably with a specialisation in finance. Post-graduate studies, and/or a relevant professional qualification, such as CIPM or CFA, would be an advantage.
  • Minimum of 3 years of experience working in financial markets in a similar position.
  • Solid understanding of financial products with an emphasis on fixed income and derivatives, including foreign exchange instruments and interest rate swaps.
  • Good knowledge of portfolio performance measurement analysis, preferably focused on fixed income assets.
  • Solid understanding of the operational environment of a financial markets organisation, including portfolio and risk management.
  • Experience with benchmarking frameworks would be an advantage.
  • Knowledge of Bloomberg, BarraOne and/or Murex software would be an advantage.
  • VBA programing skills would be an advantage.
  • Excellent oral and written English skills; any additional language would be an asset.

 

KEY COMPETENCIES

  • Analytical and numerical skills
  • Keen attention to detail
  • Ability to work in a diverse and inclusive team
  • Proactive and results-oriented
  • Well-structured and organised
  • Ability to work accurately in a fast-paced environment

 

Contract duration: Two-year fixed-term contract, with possibility of renewal.

 

The ESM aims to provide equal opportunity to all candidates irrespective of their gender, nationality, age, race, culture, education, religious beliefs, sexual orientation, or disability. To further enhance the diversity of our workforce, we particularly encourage women to apply.

 

Note 1: In light of the applications received, the ESM reserves the right to refrain from hiring, or to slightly modify job responsibilities, as needed.

Note 2: As a result of the selection process, please note that you may be placed on a ‘reserve list’ valid for a duration of six months during which you might be considered for a similar position with a similar level of requirements. Only those candidates who have been notified will be placed on the ‘reserve list’. After this period, you will need to apply again for our vacancies to be considered for a different selection process. 

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