Nordea Asset Management (NAM) is the asset management arm of the Nordea Group, the leading financial services group in the Nordic and Baltic Sea regions. The group has 11 million clients and 30,000 employees. NAM has around 590 employees and manages more than EUR 200 billion of assets for institutional, wholesale and retail clients across the Nordic region and the globe.

NAM has headquartered Institutional and Wholesale Distribution in Luxembourg. NAM has a global business model and markets its products to professional and private investors, as well as to financial intermediaries, in Europe (Austria, Denmark, Estonia, Finland, France, Germany, Italy, Latvia, Lithuania, Luxembourg, the Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland and UK), Asia (Singapore) and Latin America (Brazil, Chile).   

The offer

As Portfolio/Quantitative Analyst at Nordea Asset Management you will be a part of an organization that has the ambition to be one of the leading asset managers in Europe.  

To support our ambition we are looking for a portfolio analyst to work in the Strategic Asset Allocation team of the Institutional and Wholesale Distribution (IWD) Product Management department of Nordea Asset Management.  

Based in Luxembourg, you are a member of the IWD Product Management department, a multilingual team of 20 people supporting our sales activities. The department is the knowledge centre for all investment-related matters (markets, products, competition, and strategic asset allocation).  

The position as Portfolio/Quantitative Analyst within our IWD unit offers you a great opportunity to an interesting and rewarding career. In the position you will be able to prove your talent in utilizing your strong knowledge of optimization, financial instruments & markets, funds and quantitative methods. Finnish institutions are active users of our Strategic Asset Allocation services, but you will provide support to Nordea’s IWD in all European markets. You need to be prepared to travel.  

You are passionate about financial markets and are a self-driven individual acting within a dedicated team. You display a service and mind-set and are sales focused.  

The main responsibilities are to:  

  • Conduct portfolio optimizations (including programming), ALM and Solvency II studies that support selling asset management solutions to institutions, especially to Finnish institutions.  
  • Give presentations on the results of the analysis you do to our Sales and clients.  
  • Liaise with our Multi Assets Team, who are responsible for developing and update strategic assumptions for portfolio optimization  
  • Act as a knowledge center for all Solvency II, regulation (Finnish especially) and optimizations related matters  
  • Support Product Specialist team covering Multi Assets strategies      

Who are you

We expect you to have graduated with a Master degree or other education at same level or higher. Your studies have most likely been focused on financial economics and quantitative methods. You have fluent communication skills in English and Finnish, written and spoken. Additional language skills (such as German, French or Nordic languages) are a definite advantage.  

You have relevant work experience most likely in the asset management, insurance or pension industry having worked with actuarial, risk management or ALM tasks. You have gained good knowledge of the regulatory frameworks under which insurance and pension institutions operate, especially in Finland. You have the capability of keeping yourself updated on regulatory changes following original sources such as relevant EU and national legislation.  

You carry excellent analytic competencies, but you also have good social skills and like to work with humility as a team player. You are good in setting priorities, ensuring timely delivery and acting within a multi-cultural environment.  

You have excellent presentation skills and you take the need of being able to present complex matters to persons that are not quant professionals as a positive challenge. You appreciate Einstein’s statement “If you can't explain it simply, you don't understand it well enough”.  

With regard to quantitative competencies, we expect you to be well familiar with simulation methods as well as portfolio optimization. You have relevant background in statistics and econometrics including linear algebra, probability theory, regression analysis and time-series models etc. In addition to standard office software we expect you to be familiar with programming in VBA. An ideal candidate would also have skills in SQL programming and experience in using key financial data sources such as Bloomberg. Also a good knowledge of the European Fund industry will be valuable. Finally knowledge around risk premia or factor investing would be a plus. 

More information

We are offering an inspiring, multi-cultural and creative working environment with a Nordic touch in a sales-driven organisation with an attractive salary and benefits package.  

If this opportunity is the challenge you are seeking, please send your Cover Letter and CV in English latest on 31st December 2017.

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