Reports to: Team Lead – Financial Risk Management US
APG invests € 482 billion (July 2018) for pension funds with the greatest possible care. It is all about the balance between risk and return and a stable policy based on a long-term perspective. The result: an average return of approximately seven percent for the past 20 years. APG works for over 25,000 Dutch employers and provides retirement income for 4.5 million participants in the Netherlands.
APG Asset Management is a Dutch pension capital investor. Our asset management is aimed at realizing a good and affordable pension for both current and future generations. Worldwide, we are one of the largest pension fiduciary asset managers. Our clients benefit from economies of scale. It gives them access to investment options and external mandates (for example private equity and infrastructure) that would otherwise not be an option, or at least not at the same favorable conditions. With about 700 highly qualified employees working from the Netherlands, the USA and Asia, we have in-house expertise ensuring stable long-term returns.
The Risk Management Department (CFRO/RM) of APG US conducts second line risk management for all the activities conducted by the organization, and is integral parts of the Global Investment Risk Management (IRM) and Global Enterprise Risk Management (ERM). The department's responsibilities span over both the Investment and the Enterprise Risk Management activities of APG US. While positioned as one department APG US distinguishes between two sub-disciplines within Risk Management: IRM and ERM & Operational Due Diligence (ODD). The IRM discipline is focused on the management and evaluation of the risks embedded in the asset characteristics of APG's portfolios' investments. The ERM & ODD discipline evaluates the risks embedded in the company's operations and those of the entities APG US invests in through external mandates and relationships. The Risk Management Department of APG US is overseen by the CFRO US who is supported by two Team Leads for the day to day management and coordination of activities among the individual team members and internal and external stakeholders. Both IRM and ERM – US teams work within the global cross functional and business groups at different locations to collectively manage individual and shared responsibilities. The Global IRM team consists of approximately 30 professionals in 3 office locations, including the US team of 9 professionals.
Carry out investment risk assessment for APG's alternative asset classes analyzing financial risks for new and existing strategies, and provide regularly asset-class level risk and portfolio opinion(s) reflecting asset-classes current investments vis-à-vis overall mandate and market
Evaluate new investment proposals for alternative asset classes such as Infrastructure, Real Estate, Private Equity and Hedge Funds and related co-investments:
Conduct financial analysis that can serve as inputs for the IRM opinions for the evaluation of investment proposals presented at APG's Investment Committees
Discuss risk evaluations with portfolio managers, formulate risk advice for APG's Investment Committees
Carry out comprehensive risk reporting on APG's alternative asset classes product offerings and take ownership of risk monitoring and management processes
Overtime take ownership and demonstrate leadership in processes such as proposal evaluation, risk advice generation, risk reporting and monitoring and client assignments
Contribute to the development, maintenance and update of quantitative analytics to support the global risk monitoring framework for existing investments for the alternative investments managed by APG
Participate as the representative of the IRM team in pipeline and review meetings with the investment teams
Assist in the development and implementation of IRM's coverage of APG's Responsible Investment practices
Coordinate with other CFRO units (External Reporting, Operational Risk Management, Business Control) and with front and back offices both in the US and in the Netherlands
Support the team's compliance monitoring process to ensure that funds operate according to approved fund characteristics and risk guidelines on an ongoing basis
Run and participate in projects to achieve company milestones set by the management.
Analyze and interpret information and provide advice to management as requested
Assist in the implementation and maintenance of risk and performance measurement and attribution methodologies in consultation with other CFRO team members
Master's degree is preferred; FRM, CFA, CAIA or related certifications are a plus.
7-10 years of experience in a related capacity with hands-on expertise working across different asset classes and global team situated in different geographical locations
Excellent communication skills and comfortable interacting with senior management and working within a large organization with multiple stakeholders
Exceptional analytical and problem solving skills with a strong understanding of risk management practices (qualitative and quantitative)
Experience in analyzing alternative investments such as Infrastructure, Real Estate, Private Equity and Hedge Fund investments is preferred
Strong understanding of alternative investment strategies and risk management issues from origination through wind-down processes
Team player who is a self starter, pro-active and motivated to create positive change and enhance process efficiencies and visibility of the team's output while ensuring a good team atmosphere
APG Asset Management US Inc. (APG US) is an equal opportunity employer and does not discriminate against otherwise qualified applicants on the basis of race, color, creed, religion, ancestry, age, sex, gender expression, gender identity, marital status, national origin, disability or handicap, veteran status, sexual orientation or any other classification protected by applicable law.
Internal Number: 4814661
About APG Asset Management US Inc.
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