Portfolio Manager at City Code Mortgage Bank Limited

Job Summary

• The Portfolio Manager is responsible for constructing, managing, and optimising investment portfolios on behalf of individual, institutional, and corporate clients.
• The role involves developing and implementing investment strategies aligned with each client's financial objectives, risk tolerance, and time horizon; monitoring portfolio performance against benchmarks; and making informed asset allocation decisions across equities, fixed income, money market instruments, and alternative investments.
• The Portfolio Manager plays a critical role in delivering superior risk-adjusted returns while maintaining strict regulatory compliance.

Key Responsibilities
Portfolio Construction & Asset Allocation:

• Construct and manage diversified investment portfolios tailored to each client's investment policy statement (IPS), risk profile, and return objectives.
• Develop strategic and tactical asset allocation frameworks across equities, fixed income, money market, real assets, and alternative investments.
• Conduct rigorous security selection using fundamental, quantitative, and technical analysis methodologies.
• Rebalance portfolios periodically to maintain target asset allocation and respond to market conditions or changes in client mandates.
• Optimise portfolio construction using Modern Portfolio Theory (MPT), risk-parity, and factor-based investing frameworks.

Investment Strategy & Research Integration:

• Develop and implement top-down macroeconomic and bottom-up fundamental investment strategies informed by in-house and third-party research.
• Collaborate with the Research & Development Manager to integrate economic forecasts, sector analyses, and thematic investment views into portfolio decisions.
• Monitor global and domestic market trends, monetary policy developments, and geopolitical events that may impact portfolio positioning.
• Identify investment opportunities across listed equities, Eurobonds, FGN bonds, T-bills, commercial papers, and other instruments.

Performance Monitoring & Reporting:

• Monitor portfolio performance against agreed benchmarks (e.g., NGX ASI, JP Morgan EMBI, 91-day T-bill rate) on a daily, monthly, and quarterly basis.
• Prepare detailed portfolio performance reports, attribution analyses, and investment commentaries for clients and senior management.
• Present portfolio reviews to clients, explaining performance drivers, market outlook, and recommended strategy adjustments.

Risk Management:

• Identify, assess, and mitigate investment risks including market risk, credit risk, liquidity risk, and concentration risk within managed portfolios.
• Ensure all portfolios operate within defined risk parameters, investment guidelines, and regulatory limits at all times.
• Implement hedging strategies and use derivatives where appropriate and permitted under client mandates.
• Stress test portfolios against adverse market scenarios and report findings to the CIO and Risk Committee.

Client Relationship & Mandate Management:

• Manage client relationships proactively, conducting regular portfolio review meetings and investment update calls.
• Onboard new institutional and high-net-worth clients, drafting and agreeing investment policy statements and discretionary management mandates.
• Provide timely responses to client queries and ensure all reporting obligations are met within agreed deadlines.
• Identify opportunities to grow assets under management (AUM) through deepened client relationships and new mandates.

Regulatory Compliance:

• Ensure all investment activities comply with SEC Rules, ISA 2007, CBN guidelines, and the firm's investment management policies.
• Prepare and submit required regulatory filings, fund reports, and compliance declarations within stipulated timelines.
• Ensure proper disclosure, suitability assessment, and best execution standards are maintained for all client mandates.

Key Performance Indicators

• Client retention rate and satisfaction scores across managed mandates.
• Portfolio risk adherence — zero breaches of investment policy statement guidelines.
• Timeliness and quality of portfolio reports and client presentations.
• Regulatory compliance rating — zero SEC sanctions or reportable violations.
• New mandates won — number and value of new client portfolios onboarded per year.

Requirements
Educational Qualifications and Experience:

• B.Sc. in Finance, Economics, Accounting, or related discipline. MBA or M.Sc. in Finance / Investment Management is an advantage.
• Minimum of 6 years' experience in investment management, portfolio management, or asset management, with a demonstrable track record of managing client portfolios.

Certifications:

• CFA (Chartered Financial Analyst) designation is strongly preferred. CAIA, FRM, or CISI qualifications are an added advantage. SEC Fund Manager Registration required.

Technical Skills:

• Proficiency in portfolio management systems, Excel modelling, and reporting tools.

Core Competencies:

• Investment strategy & asset allocation
• Portfolio construction & optimisation
• Financial modelling & valuation
• Risk management & measurement
• Performance attribution & reporting
• Capital markets & instruments knowledge
• Client relationship management
• Regulatory compliance (SEC / CBN)
• Macroeconomic & sector analysis
• Decision-making under uncertainty