Associate Director - Asset Management

at  ADIB Abu Dhabi Islamic Bank

JOB DESCRIPTION

Role : Associate Director - Asset Management
Location : Dubai

ROLE PURPOSE:

Working with senior management of ADIB Capital’s Asset Management Team to support in the development and management of investment funds and discretionary portfolios.

KEY ACCOUNTABILITIES OF THE ROLE

• Monitoring global markets and formulating investment ideas.
• Identifying new investment managers who can support selected investment strategies.
• Meeting with investment managers and preparing investment manager due diligence reports.
• Review and monitor performance of investment managers.
• Portfolio Management - Monitor client portfolios and trading screens. Generate investment recommendations for client portfolios as appropriate. Recommendations need to be supported by robust investment research and financial modeling.
• Monitor portfolio holdings against investment limits and guidelines to ensure that there are no breaches.
• Approve NAV calculations received from fund administrators and external managers.
• Finalize information memorandums and other product offering documentation to support the launch of new products.
• Review policies and procedures related to funds and other investment products.
• Prepare client proposals and marketing materials to support the marketing of new and existing products.
• Review and approve periodic factsheets related to all existing products which will be circulated to clients.
• Approve payment authorizations and ensure that all product related dues are settled in a timely manner.
• Work with legal advisors to finalize the agreements with various service providers and counterparties.
• Liaise with the Sharia Advisors to obtain approvals on new products and issuances.
• Develop periodic research reports on a wide range of topics that can be distributed to clients.
• Address product related queries raised by stakeholders including Compliance, Sharia Advisor, Fund Board, Fund Administrator and Custodian.
• Support to ensure that product related DIFC / DFSA filings are submitted in a timely manner in-line with the regulations.
• Participate on sales calls to support business development efforts.
• Attend to ad-hoc product related requests including drafting of resolutions, running sensitivity analysis and updating / amending documentation.

SPECIALIST SKILLS / TECHNICAL KNOWLEDGE REQUIRED FOR THIS ROLE:

• Strong analytical skills with the ability to evaluate transactions and develop a comprehensive investment thesis.
• Ability to manage negotiations with external parties (e.g., administrators, custodians, regulators)
• Understanding of Sharia guidelines and restrictions in relation to financial services and products.
• Capability to manage a transaction / product through its complete lifecycle (i.e. from conception to exit).
• A team player with the capability to manager and mentor junior staff including associates and analysts.
• Familiarity of DFSA regulations (preferred)
  Job ID 300002195532265