Portfolio Manager / Mutual Fund Analyst

About the EPO The European Patent Office With almost 7 000 employees, the European Patent Office (EPO) is one of the largest public service institutions in Europe. Its headquarters are in Munich and it also has offices in Berlin, Brussels, The Hague and Vienna. The EPO was founded with the aim of strengthening co-operation on patents in Europe. Through the EPO's centralised patent granting procedure, inventors are able to obtain high-quality patent protection in up to 44 countries, covering a market of some 700 million people. The EPO is also the world's leading authority in patent information and patent searching. In 2018, the EPO received over 174 000 patent applications and granted over 127 000 patents. Its free online patent database, Espacenet, contains more than 100 million technical documents from 100 countries, and its free neural machine translation service, Patent Translate, provides instant, high-quality translation in 32 languages, including Chinese, Japanese, Korean and Russian. Are you an engineer or a scientist interested in joining an international team of highly qualified staff? Do you want to see the latest inventions? Then this professional opportunity is the right one for you! Salary: net (basic) monthly salary* for this vacancy: EUR 5 686 to 8 052, depending on experience; Duration of appointment: 5 years; Career path: Technical; Application deadline: 25.10.2019 Principal Directorate 0.5 (Administration of the Reserve Funds) contributes to the long-term financial stability of the European Patent Organisation by taking responsibility for investment activities related to the Reserve Funds for Pensions and Social Security (RFPSS). The RFPSS are a special class of asset of the Organisation, designed to safeguard the stability of its pension and social security schemes by maintaining the real value of the funds' assets; and by seeking to obtain an overall return that is above inflation and commensurate with the level of risk adopted over the investment horizon. Assets are invested in a broad range of asset classes (domestic government bonds, domestic corporate bonds, foreign bonds, emerging-market bonds, domestic equity, foreign equity, emerging-market equity, real estate, commodities and cash) in accordance with the strategic asset allocation policy and are managed internally, both by means of direct investments and by using third-party investment vehicles, including mutual funds and certificates. The total value of the assets managed amounted to around EUR 9bn as of 31 August 2019. In view of the size of the reserve funds, RFPSS investment management is vitally important to the financial health of the Organisation. PD 0.5 is looking for a portfolio manager / mutual fund analyst to join its portfolio management team. Reporting to the Chief Portfolio Manager, you will be responsible for a portfolio and deputise for other portfolio managers. You will also analyse and model existing portfolios and third-party investment vehicles (particularly mutual funds and certificates), analyse macroeconomic and financial market data and assist in the preparation of reports for various bodies. The Hague and Munich Your main responsibilities • Managing a portfolio in accordance with RFPSS investment procedures and the mandate given by the Fund Administrator • Selecting potential asset managers, banks, brokers, financial institutions and corporate bodies • Strengthening and systemising mutual fund capabilities by: - fostering due diligence by building and maintaining a consistent database of mutual funds held in the different portfolios, covering aspects like management team, investment styles, costs, AUM development over time - helping to further reduce the cost of indirect investments by ensuring that the RFPSS achieves the best available management fees, expense ratios, and rebates - monitoring swing prices and other hidden costs - enhancing early identification of risk clusters by building and maintaining tools allowing an aggregate look-through analysis of mutual funds • In close co-operation with the rest of the portfolio management team: - analysing macroeconomic and financial-market information - preparing data for investment purposes - producing reports on investment activity and other related issues like ESG What we expect from you: • Extensive experience in investment management, with a focus on mutual fund selection and financial analysis • Specific investment experience in one or several of the asset classes covered by the RFPSS would be an advantage • Familiarity with standard financial market data tools, and particularly Bloomberg • Strong financial and quantitative analytical skills • Effective communication skills, both orally and in writing • Self-motivation, sharp analytical skills, an enthusiastic approach to team work and the ability to complete multiple tasks within tight deadlines • Successful completion of the CFA examinations would be an advantage Your qualifications • Diploma of completed university studies at master’s level or - in exceptional cases - equivalent professional experience. • An excellent knowledge (at least C1) of one of the EPO's official languages (English, French and German) and the ability to understand the other two. In exceptional cases, excellent knowledge (at least C1) of one official language and working knowledge (at least B2) of another. In such cases, the willingness to learn the third language and to reach Level B2 within three years would be required. • Citizenship of one of the member states of the European Patent Organisation. Interested? Time frame You can apply via the ''Apply'' button. It is intended to hold the interviews in week 48 in Munich. * after deduction of EPO internal tax and before deduction of staff contributions to the social-security and pension schemes. The EPO is an equal opportunities employer and supports workforce diversity as a signatory to the Diversity Charter (Charta der Vielfalt) since 2010. All applications for vacant positions will be welcomed and considered on the professional merits of the applicant against the role profile for the position regardless of nationality, ethnic origin, gender, sexual orientation, marital status, disability, parental responsibilities, age, religion or belief.