Portfolio Manager at Danmarks Nationalbank

Ubby, Region Zealand, Denmark -

Full Time

Start Date

Immediate

Expiry Date

12 Oct, 26

Salary

0.0

Posted On

14 Jul, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Government Debt Management, Portfolio Management, Financial Market Analysis, Trade Execution, Monetary Policy Implementation, Foreign Exchange Interventions, Securities Lending, Swap Transactions, Risk Modelling, Excel, R, Python, English Communication, Danish Communication, Analytical Thinking, Stakeholder Management

Industry

Financial Services

Description

You perform tasks with an exceptional purpose Danmarks Nationalbank is the only one of its kind. We are the Danish society’s bank, the Danish state’s independent advisor and Denmark’s watchful eye on the economy. Stable prices, safe payments and financial stability do not happen by themselves, and, as an employee at Danmarks Nationalbank, you play a key role in ensuring that Denmark has a robust economy. Take on a central role in the Nationalbank’s core tasks In Front Office, you will work closely with some of Danmarks Nationalbank’s most important tasks. We implement the fixed exchange rate policy in practice and, on behalf of the Minister of Finance, manage central government borrowing and debt. This means that your work will have a direct impact on financial stability and the Danish economy — and that you will be in regular dialogue with the Nationalbank’s financial counterparties. As Portfolio Manager, you will join the Monetary Policy Implementation and Government Debt section in the Banking and Markets department. You will gain insight into financial markets from a central position and build experience with a broad range of products, market operations and collaboration interfaces across the bank. Your main tasks will be to: Handle the operational aspects of government debt management, including issuance and buybacks of government securities, foreign currency borrowing, securities lending, swap transactions, purchases of social housing bonds and on-lending to government-owned companies. Contribute to analyses and projects within the area of government debt. Manage the Nationalbank’s domestic securities portfolio — a portfolio of Danish mortgage bonds of approximately DKK 30 billion, including callable bonds, covered bonds and floaters. Maintain close dialogue with the Nationalbank’s financial counterparties on trade execution, market insight, the central government’s investor relations activities, research and ongoing market developments. You will also be involved in the practical implementation of monetary policy through foreign exchange interventions, monetary policy market operations and investment of the foreign exchange reserve in the money market. In addition, you will play a role in the day-to-day work with DESTR, the reference rate in Danish kroner, for which Front Office has the responsibility. A significant part of the work also involves monitoring and analysing financial markets with the purpose to develop expertise and sharing knowledge across the bank. At the same time, you will work closely with Back Office, Middle Office and teams responsible for strategy and risk modelling within both the FX reserves and government debt management. You have what it takes to succeed We want you to both succeed and thrive as Portfolio Manager in Front Office. Therefore, we place emphasis on your experience from the financial sector, strong interest in financial markets and motivation to take responsibility for tasks that require high quality, sound judgement and close collaboration. We would like you to recognise yourself in several of the following points: You have some years of experience from the financial sector, for example from a Treasury or Markets function. You have a strong interest in financial markets and are motivated by working close to market developments. You take responsibility, drive tasks forward and thrive on decisions and deliverables that may be time-critical and of high importance. You work thoroughly and analytically, have an eye for detail and are able to familiarise yourself with complex issues. You collaborate well with others, share knowledge naturally and communicate clearly and precisely in both Danish and English. You contribute positively to the team and are good at building trust-based relationships across professional areas. Experience with programming in, for example, Excel, R or Python is an advantage. You have strong writing communication skills in both English and Danish Due to the summer holiday period, we will be unable to respond to questions regarding this position until Monday, 21 July. You are worth your weight in gold to Danmarks Nationalbank Danmarks Nationalbank is one of a kind. Our tasks are to secure payments, conduct a fixed exchange rate policy and provide analysis, knowledge and recommendations for the benefit of the Danish economy. Your work and our vital systems are crucial for Denmark’s financial sector and economic policies and for its international relations. We want to provide a framework for efficient working, a strong sense of community and a good balance between life on and off the job. We generally work from the bank's locations, but you also have the opportunity to plan your workday flexibly, including a weekly home working day if your role and tasks allow it. We also place particular emphasis on your learning and continuous skill development. We mean it when we say that your development is paramount. In fact, you are worth your weight in gold to Danmarks Nationalbank. Want to know more? If you have any questions about the job, please feel free to contact: Nicolaj Schou Andersen Head of Front Office NISA@nationalbanken.dk +45 33636536 Apply now We have made it easy for you to apply for the position. Simply upload your CV or your LinkedIn profile. We want to ensure a fair recruitment process, so we kindly ask you to avoid personal information such as a photo or details about your age. The application deadline is: 9.08.2026 It is a prerequisite for your employment that you can present a criminal record certificate or be security cleared. Open the door to a workplace where you are good as gold (or 'guld værd' as we say in Danish) to Denmark, to the bank and to your colleagues. Explore your possibilities, and discover the tasks and social life that await. Here is your dream job. Exceptional jobs and essential tasks Danmarks Nationalbank is the Danish society’s bank, the Danish state’s independent advisor and Denmark’s watchful eye on the economy now and in future in a changing world. Here, you and your 500 colleagues help to create a well-run workplace, where together we solve many varied tasks within, across and outside the bank. Our specific purpose is to ensure that Denmark has a robust economy through stable prices, secure payments and financial stability. Create a job alert, and we’ll notify you when new opportunities open that match your interests. How to create a job alert: Click this link to create a job alert. Note: You must log in or create an account to continue. Once logged in, select “Job Alerts” and then “Create Job Alert.” Choose the job categories and locations that match your interests. Click “Create” – and we’ll notify you directly when a relevant position is posted. Choose a career where you make a real difference for Denmark’s economy – and become part of a community where professionalism, responsibility, and trustworthiness are truly #guldværd.

Responsibilities

Manage government debt operations and the Nationalbank's domestic securities portfolio, including issuance, buybacks, and mortgage bonds. Implement monetary policy through foreign exchange interventions and maintain dialogue with financial counterparties.