Portfolio Manager at Standard Bank Group

JOB PURPOSE

• Lead responsibility for implementing agreed investment strategies for assigned portfolios
• Responsible for security selection and rebalancing of assigned portfolios in accordance with regulatory requirements, agreed investment philosophy, investment processes and the respective investment policy of assigned portfolios
• To work with the team in developing and delivering a capacity-based investment and portfolio management framework, based on the strategic planning framework, which represents a repeatable and efficient approach for investment and portfolio management..

KEY RESPONSIBILITES

• Financial accountability
• Contributes to budget management
• Internal relationships SBK Investment Team.
• Job: Communicates investment ideas. Builds relationships with key individuals in internal distribution channels
• Nature of relationship: Contribute to their service delivery
• Sphere of influence: Impact the whole business unit
• Description or examples: Communicates investment ideas. Builds relationships with key individuals in internal distribution channels

Internal relationships Business area: Investment Committee

• Job: Contribute to debates in the committee regarding inclusion, removal or weights on holdings in our model portfolios
• Nature of relationship: Contribute to their service delivery
• Sphere of influence: Impact the whole functional area
• Description or examples: Contribute to debates in the committee regarding inclusion, removal, or weights on holdings in our model portfolios

Internal relationships Investment Analysts

• Job: Facilitates consistency of the investment approach and constructive sharing of information. Helps analysts formulate investment views on identified stocks.
• Nature of relationship: Influence their service delivery
• Sphere of influence: Impact the whole functional area
• Description or examples: Facilitates consistency of the investment approach and constructive sharing of information. Helps analysts formulate investment views on identified stocks.

External relationships Role type of external contact: Regulatory / Industry Bodies

• Description or examples: Bolster knowledge base and corroborate views on sectors and stocks. Use this channel effectively to test our thinking on a stock or sector. Use your deep multi-disciplinary expertise to probe angles that are not conventional wisdom or thinking to ensure that we are not blindly following others. Ensure that the team are asking the ‘right’ questions of the ‘right’ people.
• Nature of relationship: Manage the relationship

External relationships Role type of external contact: Vendors

• Description or examples: Build relationships with key individuals in external distribution channels. Make periodic presentations, meetings with external parties to facilitate feedback on performance or marketing of our offering
• Nature of relationship: Manage the relationship
• Regulatory Requirements
• Regulated Role Yes
• Regulations that apply Capital Markets Authority (CMA)

Outputs

• Client/Portfolio management
• Manage all aspects of portfolio management of assigned client portfolios.
• Define and implement best practice within various areas in order ensure the best possible outcome for clients while ensuring growth in profitability for the business.
• Be a key and active participant in the investment process in order ensure optimum delivery to allow the client facing staff to fulfill their roles and grow profitability of the wider SBGS Securities business
• Ensure that the business evolves alongside industry through ongoing input and participation in the business development strategy plan
• Provision of customized asset management solutions and service to Clients.
• Portfolio Manager (PM) to be lead-manager on assigned client’s investment portfolios
• The PM is responsible for ensuring the decisions of the Investment Committee are implemented into portfolios
• Bespoke portfolio management for private HNW clients: aligning the clients’ requirements/mandate with the optimal asset allocation (customized asset management offering) and balanced with the client’s risk profile
• To ensure all client portfolios are managed in accordance with model portfolio

Ensure client’s portfolio is compliant regarding regulatory & statutory requirements

• Risk, Regulatory, Prudential and Compliance
• Maintain awareness of current and future legislative regulations to ensure timeous and appropriate product compliance
• Maintain awareness of the Group’s policies and procedures to ensure operational product compliance.
• Actively contribute to the operational risk framework in the unit by way of the maintenance of the risk and control self-assessment matrix for the business unit together with its associated key risk indicators.
• Manage client portfolios actively and must be aligned to the SBGS Securities model house view portfolio. Where there are exceptions, these must be saved on file with a clear instruction from the client.
• Complete the compliance mandate monitoring exercise of client portfolios under your management, and account where there are deviations from mandate and model portfolio.
• Comply with legislation and Group regulation, where you will be required to monitor activity across client portfolios, from an AML / FIC perspective. You will be accountable to report/escalate breaches through the various internal governing structures within SBG Securities and the Group
• Assume responsibility for all trading and activities across your client portfolios, reporting into the applicable governing structures within SBG Securities.

Financial Management

• Portfolio managers are responsible for new client acquisition and organic client revenue growth - targets set at the beginning of the financial year.
• Provides thought-leadership, innovation and strategic ability for better ways of working, and servicing various distribution channels within the Group, with strong multi-disciplinary expertise
• Develops strong relationships with key distribution channels.
• Foster regular contact and service the channel by insightful interactions and communication regarding our investment thinking.
• Interacts effectively with senior management internally and externally and able to facilitate growth of our business.
• Strong commercial focus and ability to monetise our offering.
• Must have the ability to make informed decisions and take accountability for results
• Must be knowledgeable across sectors and able to speak definitively on our views across our holdings. Provides valuable insights across sectors and able to have strong views based on robust, well considered analysis on relevant information.
• Actively probes investment research and our thinking to ensure that there are sufficiently robust discussions in our investment process

Relationship Management

• Client portfolio performance (ROI) and reporting
• Client service, maintenance and retention
• Presenting and reporting back to existing clients – responsible for the quality and integrity thereof
• Writing of investment proposals and pitching for new business to potential clients as well as external business introducers to grow AUM and generate increased Group’s revenue
• Writing of investment performance calculations and various other adhoc projects related to asset management
• Aggressively drive revenue growth and new business generation through internal distribution channels (i.e. Client Solutions and CHNW), and through own networks.
• Building relationships and working closely with the CHNW relationship managers and Client Solutions Investment Team.
• To manage assets under management of approximately KES1 to 5 billion
• Clients under lead relationship management: +- 150 - 200 portfolios

Research & Insights

• Participate actively in decision making and shaping the house view for key investment positions
• Conduct targeted investigations and analysis where required to improve investment decision making
• Develop client and product insight, including working with distribution counterparts on the execution of recommendations and demonstration of business impact
• Provide specialist input through the investigation of opportunities and assessment of risks relating to our investment portfolio
• The PM is required to understand key financial and economic variables and trends (global investment environment, such as exchange rates, economic growth rates, inflation, political risk etc) to ensure optimal investment decisions to suit client portfolio requirements. All investment decisions are discretionary
• Participate and contribute to Investment Committee debate and discussions both domestically and internationally
• Provide input and participate in detailed sector and company research and analysis to enable investment decisions for client portfolios, both domestic and global
• Have knowledge and understanding of the offshore assets

QUALIFICATIONS

• Post Graduate Degree Finance and Accounting
• Type of qualification: Masters Degree Finance and Accounting
• Other preferred qualifications, certifications or professional memberships Industry relevant qualification such as CFA preferred or a similar qualification, such as CPA (Advantage).

Experience

Experience required 1 Job Function: Wealth Management

• Job Family: Asset Management
• Years: 5-7 years
• Experience Description: Leadership experience within asset management or senior portfolio manager experience preferably managing assets on behalf of High-Net Worth Clients or a Collective Investment Scheme. Decision-making track record.