As Quant Trainee with APG Asset Management you’ll be given the opportunity to immerse yourself in the world of sustainable investment for the long term. Supervised by experienced field coaches, you’ll work on real asset management issues. We invite you to amaze us by putting your quantitative knowledge into practice. Could we use a better model? Could we improve our code? Just tell us. Your fellow team members will be happy to be given a new point of view!
Because APG manages most of its investments internally, you will be able to see for yourself what goes on in departments such as Portfolio Management, Trading, Model Validation and Asset & Liability Management. APG has all this expertise in house, and that is unique. Do you want to expand your knowledge or look more in-depth into something? Just ask your new colleagues!
Trainee Yeyu Huang has this to say: “In my current assignment I’m looking at how the addition of swaptions changes the risk-return profile of the interest rate hedging strategy. I can delve into the world of derivatives and take part in the asset allocation and replication processes that the team carries out. It’s fantastic to see that I can make a difference for the future portfolio and that I’m genuinely regarded as a member of the team.”
Why does your career start with APG?
Because APG Asset Management:
- is a world leader in sustainable investment; uses these sustainable investments to ensure a good pension for its participants and to contribute to a better world;
- is the biggest pension investor in the Netherlands and one of the five biggest in the world, with more than €500 billion in assets under management;
- invests in (nearly) everything; from equities to bonds and alternative investments (real estate, infrastructure and private investments);
- has innumerable interesting datasets;
- manages most investment and support processes internally;
- is an ideal environment in which to get your bearings and learn
In a Traineeship with APG:
- you will work, over a two-year period, on four very different assignments, which you may choose yourself;
- each assignment lasts six months;
- you will work through a steep learning curve, both personally and professionally.
- you’ll be assigned your own mentor and buddy;
- you’ll immediately be given a fixed employment contract;
- you don’t have to choose your favorite job until the traineeship is finished; At the end of your traineeship you’ll be assigned to one of the Quant teams in a position such as Quant Portfolio Manager, Investment Analyst or Researcher. You can choose yourself which department or which asset class you find most interesting.
This is what you offer
- A master’s degree in Econometrics, Quantitative Finance, Data Science, Mathematics or an equivalent education with excellent academic results.
- A maximum of two years’ work experience.
- A clear link or connection (such as living in, or in the past) to the Netherlands is a must.
- Broad extra-curricular development, such as committee or board membership, (voluntary) work will be considered a plus.
- Affinity with investment.
- Advanced programming experience with, for example, MATLAB, R or Python.
- Fluent mastery of English (fluent Dutch is very welcome but not essential).
- Pro-active, good inter-personal aptitudes, innovative and eager to learn.
This is where you'll work
We offer a gross salary of maximum €3,651.96 (40 hour week) and attractive working conditions aimed at flexibility, such as:
- A guaranteed year-end extra payment of 8.33%.
- 25 days of vacation, Diversity Day (exchange of fixed holidays, such as Good Friday with another religious holiday). There is also the possibility of a sabbatical.
- Two “future days” per year. You can use these days for your own future or for society, and they count as working time.
- Your base will be Amsterdam. We work in hybrid mode, so working from home or even a workcation is possible. For working from home you receive an allowance of €850.- with which to set up your workstation ergonomically plus an internet allowance of €30.- net per month.
- A vitality budget of €200.- net per year to be spent on activities and resources for a healthy living and working style. In addition you get discounts on subscriptions to a large number of gyms and fitness centers.
- Reimbursement of study costs, such as CFA certification.
- And needless to say a good pension scheme.
- Last but not least: with APG you immediately get a fixed employment contract.
APG is committed to serving 4.7 million people in the Netherlands. That explains the importance we attach to reflecting Dutch society. This means that APG strives to ensure an inclusive working environment in which each person can be himself or herself and in which everyone’s unique qualities are embraced.
Choosing APG means choosing a job in which you contribute to a bright future. Don’t delay, apply today!
More information
Want to know more about the content of the traineeship? Please contact: Rob van den Goorbergh via rob.vanden.goorbergh@apg-am.nl. For more information, please contact our campus recruiters Aisha Weerts via aisha.weerts@apg.nl.
Do you see a future with APG? Apply by 19 March 2023 with your résumé (including reference to GPA BSc and MSc) and an accompanying letter in English and let us take a good look at you. Attention: your application will not be considered if documents are missing.
See also Traineeships with APG | APG for experiences of trainees that have gone before you and more information about the selection process.
