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Investment Research Internship / Working Student position

Posted 1 Oct 2021

Work experience

0 to 2 years

Full-time / part-time

Full-time

Job function

Finance

Degree level

Bachelor

Required language

Dutch (Fluent)

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As an intern/working student you’ll be working on the topic of “term premia” in capital markets. If the topic is still a bit too abstract; no worries, we’ll teach you. The assignment will be on the intersection of macroeconomics, fixed income markets and quantitative research. If this makes you enthusiastic, we are as well. This assignment will give a unique exposure to the Fixed Income and Economic Research teams within PGGM’s Public Market Investment unit.

What you will be doing, in more detail:

  • Analyzing yield curve data
  • Creating and backtesting models
  • Developing and testing fixed income trade ideas


The assignment is a combined effort of FI and CPAM. With the former you will work alongside portfolio managers, and you will have exposure to the international fixed income markets. With the latter, you’ll be working with PGGM’s researchers and economists.

The assignment will deal with the term premia embedded in yield curves and surveys. These premia are already a heavily debated topic, but we believe your assignment could bring some added value. We wonder whether any trade ideas could be initiated on the basis of the models and tools you’re going to create.

Jouw afdeling binnen PGGM

PGGM

PGGM is a fixed value in health care and welfare in the Netherlands. We work for good, affordable and sustainable pensions for the participants of our clients.

PGGM Investments manages a total of €280 billion in assets for its clients. We invest in pursuit of a high and stable return at an acceptable level of risk. Best-in-class asset management is our guiding principle. On behalf of our clients, we invest for the long term. We aim to create long-term value for people and the environment.

Fixed Income

PGGM Fixed Income invests about €90 billion in developed and emerging markets. The team, which consists of 12 investment professionals, has a dual role whereby half of the team focuses on the liability hedging mandates of PGGM’s clients, and the other half has a focus on emerging market debt. 

Client Portfolio Analysis & Management

Client Portfolio Analysis & Management (CPAM) is part of the fiduciary management function within the front office of PGGM. CPAM consists of the Client Portfolio Management (CPM) and Economic & Financial Markets Research (EFMR) teams. CPM is responsible for the management and monitoring of the total portfolio. EFMR conducts research about the macroeconomic environment and financial markets. The team prepares PGGM's house view on macroeconomics, country risks and valuations of investment categories. 

Jouw achtergrond

We believe our ideal candidate ticks some or all the boxes below:

  • A flair for numbers, and some programming proficiency. Preferably Python, but your interest in programming is more important than your experience;
  • A strong interest in the financial markets, macroeconomics, investments and finance;
  • Excellent research skills, and ability to work autonomously;
  • Field of study that provides exposure to financial markets, economics, mathematics, econometrics or engineering;
  • Registered at a university during your internship and/or an EU citizen;
  • Available part time or full time


We welcome you to apply if you do not tick every box. 

Wat wij bieden

PGGM is a professional institutional investor and has the resources to be a leading force in the Dutch asset management industry. Our staff is diverse, ambitious and inspiring.

The opportunity to work in a highly dynamic and international working environment at an influential asset manager:

  • 6 months’ internship (number of working hours is negotiable);
  • An internship / working student allowance;
  • Starting date flexible (preferably as soon as possible).



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About PGGM
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Wie zijn wij? PGGM is één van de grootste pensioenuitvoeringsorganisaties en vermogensbeheerders ter wereld. Onze kernactiviteit is vermogensbeheer, pensioenbeheer en advisering. Duurzaam vermogensbeheer waarmee we bouwen aan een financieel gezonde toekomst van ruim 4,2 miljoen pensioendeelnemers. Met een beheerd vermogen van € 225 miljard zijn we een van ’s werelds grootse vermogensbeheerders. Best interessant om eens bij ons binnen te kijken toch?

Finance & banking
Zeist
Active in 1 country
1,450 employees
60% men - 40% women
Average age is 38 years

What employees are saying

Sander van 't Oost

Investment Trainee

Sander van 't Oost

Het traineeship is een uitstekende manier om te ontdekken wat je wilt en wat je kunt. Vanwege de verschillende rotaties en de invulling die je hier zelf geeft, kan ik iedereen aanraden om als trainee te starten bij PGGM.

Anneke Funk

Corporate Trainee

Anneke Funk

Bij PGGM is de sfeer goed. Mensen zijn heel collegiaal, vriendelijk en open. Dat is heel fijn als trainee en je het bedrijf en de mensen nog moet leren kennen.