Capital Markets Manager (m/f/d)

Overview

This role sits at the operational core of an ETF platform. You will own end-to-end responsibility for the ETFs the team runs, including smooth product launches, day-to-day execution and oversight, and continuous platform evolution in collaboration with the product team. The position is strongly hands-on and combines investment expertise, market microstructure understanding, operational excellence, and cross-functional execution.

Responsibilities

Capital Markets

• Own end-to-end ETF delivery across capital markets, portfolio replication, and platform operations
• Implement and continuously improve replication models; execute index rebalances and support advisory mandates
• Own ETF quality monitoring (tracking error/difference, liquidity/spreads, premiums/discounts, order books), run root-cause analyses, and implement corrective actions
• Manage creation/redemptions and associated cash flows; oversee daily ETF operations from a portfolio perspective
• Support larger secondary market transactions, produce/interpret trade reporting, and support ETF launches

Portfolio Management

• Take investment ownership for assigned ETFs, actively optimizing portfolio construction, risk, and execution to enhance tracking and liquidity
• Execute portfolio replication and rebalancing
• Run daily validation and reconciliation of key data outputs (pricing, holdings, and reference data)

Clients and Ecosystem

• Join client demos and workshops as the capital markets expert
• Represent the organization at industry events, roundtables, and conferences alongside the Growth team
• Support Growth and Clients teams on client-specific questions

Working with Product

• Raise requirements from daily operations and provide business sign-off on what Product delivers
• Use and stress-test AI-driven workflows for ETF operations, and feed learnings back into the roadmap

Requirements

• Experience in ETF operations, capital markets, trading, portfolio management, or fund operations
• Strong understanding of ETF primary/secondary market mechanics
• Hands-on experience running a portfolio management system, ideally with ownership of its setup, data, and daily use
• Comfort with operational excellence: high ownership, detail orientation, and reliability in a mission-critical operating environment
• Experience working at the intersection of finance and tech
• Analytical strength and ability to translate domain needs into clear product requirements
• Uses AI tools in daily work and prefers automation over manual process execution
• Comfortable being the external face of the function with market makers, at industry events, and in client demos
• Fluent in English and German

Preferred Qualifications

• CAIA/CFA is a plus

Compensation & Benefits

• Up to €50/month for well-being and lifestyle items through hrmony
• €1,000 per year for courses, books, coaching, or other growth opportunities

Location

• Remote-first, with opportunities for in-person collaboration