Portfolio Manager, Asset Management at Rand Merchant Bank

REF: RAML/PM/10/21
Level: Mid-Senior

Role Purpose

• To plan, direct and coordinate investment strategies and operations for mutual funds and assets under management by the company.
• Ensure an investment product delivers against the objectives / investment management guidelines / agreements communicated to its investors and in compliance with all appropriate guidelines, policies and procedures, adhering to all laws and regulations, and in a manner that adopts best practice fund / portfolio management.
• In addition, to also provide financial advice and services to private and corporate clients about a range of investment classes.

Responsibilities
The successful candidate will:

• Develop and maintain investment strategies and plans and obtain appropriate approvals as required
• Develop and implement fund investment policies or strategies
• Manage the design and execution of annual investment plans in line with approved overall plans
• Monitor investment and operational performance of products and individual investments and take actions necessary to ensure product portfolio meets stated performance targets and stays within risk and regulatory tolerances (including volatility, liquidity, diversification, concentrations and leverage)
• Evaluate the potential of new product developments or market opportunities, according to factors such as business plans, technologies, market potential, regulatory requirements, among others
• Find and select specific investments or investment mixes for purchase by an investment fund
• Develop models that compare value and risk among securities across the capital structure of individual portfolio / funds under the entity’s management, conditional on fundamental financial data, and potentially use this information to structure long/short market neutral strategies
• Develop models that assist in the understanding of the impact that portfolio management decisions have on overall portfolio risk
• Monitor regulatory or tax law changes to ensure fund compliance or to anticipate and take advantage of development opportunities emerging in the market
• Attend investment briefings or consult financial media to stay abreast of relevant investment markets
• Perform or evaluate research, such as detailed company or industry analyses, to inform financial forecasting, decision making, or valuation
• Develop, implement, and monitor security valuation policies
• Drive performance reporting and investor relations, ensure compliance monitoring
• Interface effectively with multidisciplinary teams including accounting, asset management, finance and investor relations
• Perform other duties and responsibilities as required by the Company.

Qualifications and Experience

• Bachelor's Degree in Finance, Statistics, Mathematics, Economics, Accounting or other Relevant Discipline
• MBA or similar post-graduate and/or professional qualification.
• Registration with Nigeria’s Securities & Exchange Commission (SEC) as a Sponsored Individual for the applicable function is a requirement
• A minimum of 8 years work experience in the Finance industry of which at least 5 years must be in Asset / fund management area;
• Statistics, Economics, Mathematics, Accounting, Decision Making, Problem Solving,
• Demonstrable Asset Management background and knowledge & understanding of the Capital Markets.

Competencies:
Technical Skills:

• Technical / advanced analytical and model building skills
• Keen interest in and understanding of financial markets
• Technical/business process knowledge
• Demonstrate sound knowledge of multiple asset classes including money market, fixed income and equity.

General:

• Good interpersonal skills
• Strong decision-making skills
• Good verbal and written communication skills
• Attention to detail.

Human Relations Profile:

• Strong character & integrity
• High degree of self-confidence; pleasant personality
• Well organized / disciplined
• Team oriented
• Flexible when necessary
• Ability to work under pressure
• Self-motivated.