Strategic & Asset Management:
Supervise and offer guidance to the team managing the EFM portfolios for OCR and Non-OCR Funds and follow up and monitor the various External Fund Managers.
Assist in the development of the investment policy statements (IPS) for the Funds under the management of the Division in coordination with the Reporting and Operations Section and other dependency stakeholders.
Assist in the portfolios construction for each eligible asset class in the investment policy including public equities, private equities, real estate infrastructure, etc. Ensure diversification and manage risk of the portfolios by selecting complementary strategies, EFMs and diversification across geographies, industries etc.
Assist in Implementing TAA and Rebalancing activities through existing EFMs, ETFs/ETCs and new mandates to ensure compliance with IPS and improve returns. This requires coordinating with internal and external stakeholders.
Manager search and manager research:
Undertake a rigorous manager search process, including qualitative and quantitative due diligence, to select suitable external asset managers to manage the funds within the parameters outlined in the investment policy statement.
Assist in Setting performance expectations on financial returns based on the relevant benchmarks and closely monitor the performance of the external asset managers.
Perform ongoing manager research and maintain a list of potential new managers for future manager search. The Division will engage with new managers to assess, structure and source new investment strategies which can enhance the investment returns of the Funds. The Division will also keep updated information and data on new market developments, new ideas and opportunities in the alternative asset space.
Manager monitoring and evaluation:
Monitor EFMs against their mandated guidelines and risk parameters, monitor, evaluate the risk and performance of individual EFMs, including analysis on performance attribution including contributors and detractors to portfolio performance.
Meet frequently with investment partners and managers to understand fund holdings, investment performance, personnel changes and market conditions.
Meet with market participants to understand evolving market opportunities and landscape.
Undertake comprehensive periodic evaluation of the EFMs based on the archived performance record every three years, with a midterm assessment, and submit retain, under watch or dismiss recommendations to Management.
Leadership Responsibilities:
Providing regular feedback on results at a division level, promptly addressing areas of underperformance.
Determine actions needed to increase the Division’s performance and impact.
Support filling in key capability gaps of teams through capacity development and recruiting efforts.
Coach, mentor and develop the direct reports and the top talent/high potential staff in the Division.
Act as a role-model to communicate to the Division’s staff, IsDB's values and leadership competencies and provide direction and support in times of change.
Academic and Professional Qualifications
Bachelor’s degree in economics/ finance/ Investments or related quantitative discipline.
Holding CAIAA/CFA/FRM certificates is preferred.
Minimum 8 years of experience in public equities Investment Management, IPOs, Asset Management/ Investment Banking
Skills & Necessary Knowledge
Advanced knowledge of Investment Markets in the relevant Asset Classes.
Advanced knowledge of Investment Management and Modern Portfolio Theory.
Advanced knowledge in Islamic Finance.
Advanced knowledge in Portfolio Performance and Risk Analysis
Knowledge of Macroeconomics.
Ability to adapt to changing business circumstances to maintain effective performance of the Department.
High degree of confidentiality and protection of sensitive information.
Ability to maintain a rational, objective, and courteous demeanour when faced with stressful or emotional situations.
Ability to carry out performance evaluations at the Division and direct report levels.
Ability to plan and prioritize tasks effectively.
Ability to influence others using rational arguments. Identify basis for compromise and reach an agreement.
Ability to identify risks and implement necessary mitigation measures.
Consistently work to a high standard and look for ways to improve current working practices and processes for the benefit of the Bank.
Advanced report writing skills.
MS Office, SAP-FM, and JIRA knowledge.
Languages
English - Mandatory
Arabic - Preferred
French - Preferred