Vacancy title:
Chief Investment Officer - Absa Asset Management Limited
Jobs at:
Absa Bank LimitedDeadline of this Job:
09 August 2022
Summary
Date Posted: Thursday, July 28, 2022 , Base Salary: Not Disclosed
JOB DETAILS:
Job Summary
The Chief Investment Officer will:
• Drive the company’s overall investment strategy in consultation with the Investment Committee.
• Deliver superior investment returns on client portfolio.
• Support the Marketing Team in selling the Company’s investment products to grow assets under management.
• Lead Product conception, development and implementation.
• Manage a team of investment staff and coordinate with other department heads for smooth functioning of the organization.
• Serve as the overall relationship manager for the Company’s clients.
Job Description
Main accountabilities and approximate time split
Investment Duties; Time split 60%
• Convener & Chair of the AAML Investment Committee.
• Responsible for developing portfolios and delivering investment returns exceeding pre-set benchmarks.
• Manage a team of investment professionals.
• Ensure timely and coordinated implementation of Investment Committee decisions.
• Regularly monitor portfolios under management and recommend any rebalancing strategies to bring them in line with both agreed investment committee strategies and Client current circumstances.
• Report in accordance with AIMR Performance Reporting Standards.
• Uphold and follow the CFA Code of Ethics, Standards of Professional Conduct and relevant ABSA governance provisions.
• Ensure investment decisions are backed by high quality and appropriate research and analysis, both internal and external.
Business Development Duties; time split 20%
• Keep abreast of latest developments in international and regional markets and develop appropriate products for launch.
• Manage existing client relationships in order to retain and grow business from company’s clients.
• Support the Business Development team in presentations to potential clients.
• Leverage existing business relationships of the Group to grow company client base.
Reporting & Relationship Management; time split 10 %
• Responsible for periodic reporting to clients incorporating economic and market overview, portfolio valuation and performance and strategy for the following quarter.
• Coordinate with other Department heads for ensuring timely and accurate reporting to regulators (CMA/ RBA) as appropriate.
• Making presentations to Client’s Investment Committees/ Trustees/ Fund secretaries.
• Preparing strategy papers, investment recommendations and reports to the Board, AAML Governance Committees and other relevant stakeholders.
• Actively manage relationships with brokers and other market participants.
Reporting & Relationship Management; time split 10 %
• Responsible for periodic reporting to clients incorporating economic and market overview, portfolio valuation and performance and strategy for the following quarter.
• Coordinate with other Department heads for ensuring timely and accurate reporting to regulators (CMA/ RBA) as appropriate.
• Making presentations to Client’s Investment Committees/ Trustees/ Fund secretaries.
• Preparing strategy papers, investment recommendations and reports to the Board, AAML Governance Committees and other relevant stakeholders.
• Actively manage relationships with brokers and other market participants.
Technical skills / Competencies
Academic Qualifications
• BSc. (Mathematics/Statistics/Actuarial Science), BCom. (Accounting/Marketing) or any other similar qualification from a recognized university. An MBA or its equivalent will bean advantage.
• CFA Charter holder or equivalent.
• Knowledge in investment reporting and corporate financial reporting.
• Knowledge of legislation governing Retirement Benefits and Capital Market Authority institutional and retail investments.
Knowledge, Expertise and Experience
Essential
• Minimum ten years’ experience in managing investments.
• Experience in managing and leading investment teams
• Track record of delivering superior investment returns
• Experience in managing funds on a global and/or regional basis will be an added advantage.
Preferred
• Retirement benefits management
• Research and Investments
• Accounting and Report writing
• People management.
Experience & Qualification
Essential
• Visionary
• Entrepreneurial Spirit
• Market Awareness
• Customer Focus
• Continuous Innovation
• Ownership & Commitment
• Team Spirit
Preferred
• Portfolio management
• Client relationships
• Business development
Work Hours: 8
Experience in Months: 120
Level of Education: Bachelor Degree
Job application procedure
• Interested and qualified? Click here to apply
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