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  • Posted: Jul 28, 2022
    Deadline: Not specified
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  • Absa Bank Limited (Absa) is a wholly owned subsidiary of Barclays Africa Group Limited. Absa offers personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance.
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    Chief Investment Officer - Absa Asset Management Limited

    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 & Qualifications

    Essential

    • Visionary
    • Entrepreneurial Spirit
    • Market Awareness
    • Customer Focus
    • Continuous Innovation
    • Ownership & Commitment
    • Team Spirit

    Preferred

    • Portfolio management
    • Client relationships
    • Business development

    Closing: 4 August 2022

    Method of Application

    Interested and qualified? Go to Absa Bank Limited on absa.wd3.myworkdayjobs.com to apply

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