IDB3284 - Senior Investment Reporting & Operations Specialist
Location: Saudi Arabia - Jeddah
Job Purpose:
Handling operational matters related to Investments Department.
Assisting on matters of operational due diligence and ODD evaluations of new managers and new and current Global Custodians.
Executing the Capital Calls, recording dividing information, closing the position in Misys and payment of various fund management/custodian fees.
Responsible for the preparation of periodic performance, risk and compliance reports for the Investment Committee/Management and Funds fiduciaries.
Responsible for monitoring the aggregate/Policy level portfolio and prepare key analytics to ensure compliance with IPS/SAA of the Funds.
Manage the relationships with Global Custodians and Fund Administrators.
Carry out all KYC and AML compliance activities of the Investments Departments for all new investments and ongoing compliance with existing investments and GCs, transfer agents and EFMs in coordination with the Compliance Unit of the IsDB.
Undertake in coordination with Compliance Unit all necessary activities to ensure tax compliance and optimize IsDB investment tax.
In coordination with relevant Units, assist in all operational aspects relevant to the execution and implementation of investment transaction, including setting assets (Mysis) on internal and external systems (Fund Administrator), completing subscription agreements, plan and manage cash and liquidity requirements for the investment activities, instruct payments to fund accounts, process dividends and distributions etc.
Work closely with the EFM Division and the Investment Fund Management Section to ensure the onboarding of new fund managers with the Global Custodian and assist the EFMs with onboarding requirements with the GCs.
Academic and Professional Qualifications:
Bachelor’s degree in Economics/Finance/ Investments or related quantitative discipline.
Minimum 8 years of experience in investment function, ideally within a Multilateral Development Bank, with at least 4 years’ experience in managing external funds.
Skills & Necessary Knowledge:
Basic knowledge of Investment Markets in the relevant Asset Classes.
Basic knowledge in quantitative methods for Investment Management
Basic knowledge of Investment Management and Modern Portfolio Theory.
Basic knowledge in Islamic Finance.
Basic knowledge in Portfolio Performance and Risk Analysis
Ability to adapt to changing business circumstances to maintain effective performance of the Section.
High degree of confidentiality and protection of sensitive information.
Ability to maintain a rational, objective and courteous demeanor when faced with stressful or emotional situations.
Ability to carry out performance evaluations at the Section and direct report levels.
Ability to plan and prioritize tasks effectively.
Ability to influence others using rational arguments. Identify basis for compromise and reach an agreement.
Ability to identify risks and implement necessary mitigation measures.
Consistently work to a high standard and look for ways to improve current working practices and processes for the benefit of the Bank.
Advanced report writing skills.
* MS Office, Fusion Invest, Power BI, SAP-FM and JIRA knowledge
