Capital Markets Manager (m/f/d)

𝗔𝗯𝗼𝘂𝘁 𝗧𝗵𝗲 𝗖𝗼𝗺𝗽𝗮𝗻𝘆 At NaroIQ, we believe the fund industry is undergoing a structural shift: investors are more cost-conscious and transparency-driven than ever, and ETFs are a natural outcome of this shift. Many management companies (ManCos) excel at running traditional mutual funds, yet they struggle to enter the ETF market. Launching and operating ETFs adds a new layer of complexity: new partners, interfaces, processes, and systems that most existing setups weren’t built for. NaroIQ gives ManCos a fast, reliable path into the ETF market. We provide the digital ETF infrastructure that reduces operational complexity, so our clients can launch and run ETFs at scale, helping broaden the access to the market beyond a small group of dominant, US-based providers. 𝘕𝘢𝘳𝘰𝘐𝘘 𝘪𝘴 𝘪𝘯𝘤𝘳𝘦𝘢𝘴𝘪𝘯𝘨 𝘵𝘩𝘦 𝘌𝘛𝘍 𝘎𝘋𝘗 𝘰𝘧 𝘌𝘶𝘳𝘰𝘱𝘦. We are remote-first, with in-person collaboration opportunities. We work with international clients and have raised over $10m from top-tier investors and operators across finance and technology. 𝗧𝗵𝗲 𝗥𝗼𝗹𝗲 𝗮𝗻𝗱 𝗪𝗵𝗮𝘁 𝗠𝗮𝗸𝗲𝘀 𝗜𝘁 𝗦𝗽𝗲𝗰𝗶𝗮𝗹 You sit at the operational 𝘤𝘰𝘳𝘦 𝘰𝘧 𝘰𝘶𝘳 𝘌𝘛𝘍 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮. You will own end-to-end responsibility for the ETFs we run: smooth product launches, day-to-day execution and oversight, as well as continuous platform evolution in collaboration with our product team. This is a strongly hands-on role combining investment expertise, market microstructure understanding, operational excellence and cross-functional execution. You will gain 𝘥𝘦𝘦𝘱 𝘦𝘹𝘱𝘰𝘴𝘶𝘳𝘦 𝘵𝘰 𝘵𝘩𝘦 𝘧𝘶𝘭𝘭 𝘌𝘛𝘍 𝘷𝘢𝘭𝘶𝘦 𝘤𝘩𝘢𝘪𝘯, from investment implementation and market mechanics to operational and technology execution. You will have the opportunity to gradually expand your scope into platform building, process scaling, new strategic projects and service development. 𝗪𝗵𝗮𝘁 𝗬𝗼𝘂’𝗹𝗹 𝗗𝗼 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 our capital markets expert • Represent NaroIQ at industry events, roundtables and conferences together with our Growth team • Support our Growth and Clients teams on client-specific questions Working with Product • Raise requirements from daily operations and give business sign-off on what Product delivers • Use and stress-test the AI-driven workflows we build for ETF operations, and feed what you learn back into the roadmap 𝗪𝗵𝗮𝘁 𝗪𝗲'𝗿𝗲 𝗟𝗼𝗼𝗸𝗶𝗻𝗴 𝗙𝗼𝗿 (𝘠𝘰𝘶 𝘥𝘰𝘯’𝘵 𝘯𝘦𝘦𝘥 𝘵𝘰 𝘬𝘯𝘰𝘸 𝘪𝘵 𝘢𝘭𝘭 – 𝘣𝘶𝘵 𝘺𝘰𝘶 𝘴𝘩𝘰𝘶𝘭𝘥 𝘣𝘦 𝘳𝘦𝘢𝘥𝘺 𝘵𝘰 𝘥𝘪𝘷𝘦 𝘪𝘯, 𝘭𝘦𝘢𝘳𝘯 𝘧𝘢𝘴𝘵 𝘢𝘯𝘥 𝘵𝘢𝘬𝘦 𝘪𝘯𝘪𝘵𝘪𝘢𝘵𝘪𝘷𝘦) • 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 to the point of owning 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 • You use AI tools in your daily work and would rather automate a process than run it by hand • Comfortable being the external face of the function: with market makers, at industry events and in client demos • Fluent in English and German • CAIA/CFA is a plus 𝗪𝗵𝘆 𝗡𝗮𝗿𝗼𝗜𝗤 We’re building something ambitious – and we believe the only way to do that is with a team that’s 𝘭𝘰𝘸-𝘦𝘨𝘰, 𝘩𝘪𝘨𝘩-𝘪𝘮𝘱𝘢𝘤𝘵 𝘢𝘯𝘥 𝘨𝘦𝘯𝘶𝘪𝘯𝘦𝘭𝘺 𝘦𝘹𝘤𝘪𝘵𝘦𝘥 about what they’re doing. Here’s what we care about: 🔑 𝗛𝗶𝗴𝗵 𝗢𝘄𝗻𝗲𝗿𝘀𝗵𝗶𝗽 We trust you to take full responsibility for your work. That means freedom – and also being the person others rely on when things get real. 🚫 𝗡𝗼 𝗕𝘂𝗹𝗹𝘀𝗵𝗶𝘁, 𝗡𝗼 𝗘𝗴𝗼 We’re too small for politics, posturing, or competing agendas. We care about doing the right thing, not being right. 🧘‍♂️ 𝗙𝗹𝗲𝘅𝗶𝗯𝗶𝗹𝗶𝘁𝘆 Exceptional work doesn’t require relocation or fixed office hours. Have dinner with your family. Get that dog. Move to the Alps. We’re remote-friendly and trust people to manage their own time. 🧳 𝗦𝗼𝗺𝗲𝘁𝗶𝗺𝗲𝘀 𝗪𝗲 𝗟𝗲𝗮𝘃𝗲 𝘁𝗵𝗲 𝗛𝗼𝘂𝘀𝗲 We don’t believe in constant travel, but we do make time for real-life moments – like quarterly offsites or in-person team sessions – to solve stuff together or just hang out. 🦸🏻‍♀️ 𝗛𝗶𝗿𝗲 𝗳𝗼𝗿 𝗦𝗽𝗶𝗸𝗲𝘀 We don’t expect you to be good at everything. We care about your superpower. We’re building a team of nerds who are world-class in wildly different areas. 💡 𝗖𝘂𝘀𝘁𝗼𝗺𝗲𝗿𝘀 𝗙𝗶𝗿𝘀𝘁 – 𝗧𝗲𝗰𝗵 𝘁𝗵𝗮𝘁 𝗙𝗼𝗹𝗹𝗼𝘄𝘀 𝗧𝗵𝗿𝗼𝘂𝗴𝗵 Customers are basically the only reason we exist. And we don’t build tech for tech’s sake. But the best user experiences usually rely on thoughtful, powerful engineering – so we invest in both, deeply. 🛠 𝗗𝗲𝗳𝗮𝘂𝗹𝘁 𝘁𝗼 𝗥𝗲𝘁𝗵𝗶𝗻𝗸 We don’t accept “that’s just how it is.” We dig deep, think from scratch and always believe there’s a better way. 💅🏼 𝗚𝗶𝘃𝗲 𝗬𝗼𝘂𝗿𝘀𝗲𝗹𝗳 𝗮 𝗟𝗶𝘁𝘁𝗹𝗲 𝗧𝗿𝗲𝗮𝘁 We use hrmony, so you can spend up to €50/month on the little things that bring you joy – Urban Sports, DAZN, Mediamarkt, Thalia, whatever suits you. 🤓 𝗬𝗼𝘂𝗿 𝗟𝗲𝗮𝗿𝗻𝗶𝗻𝗴 𝗖𝘂𝗿𝘃𝗲 𝗶𝘀 𝗢𝘂𝗿 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 Everyone at NaroIQ gets €1,000 per year for courses, books, coaching, or whatever helps them grow. Find Jobs in Germany on Arbeitnow