Role Objective:
1. Assist to manage the clients’ asset portfolios & funds on a discretionary or non-discretionary basis through appropriate transactions in
order to achieve the highest risk adjusted returns
2. Assist to implement KFIC’s Investment Strategy, manage and monitor daily portfolios & funds trading, and manage KFIC’s Local and GCC
Investment portfolios & funds.
Key Responsibilities & Accountabilities:
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1. Assist to Contribute towards formulation of strategy, annual business plans, budgets, policies and procedures of the Assets
Management Division, to support organizational business strategy
2. Assist to Contribute towards development of KFIC’s equity portfolios & funds management strategy through identification of income
generating opportunities in defined market (local and GCC) segments and targeted potential client groups
3. Assist the Manager in establishing annual departmental goals and objectives to define how the provision of KFIC’s Assets
Management will contribute to the achievement of KFIC’s vision, mission and strategy
4. Assist the Manager in developing relevant policies and procedures pertaining to the Assets Management Division and each section
within it including the GCC Equity Markets Section; ensure compliance to policies and procedures by all staff.
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1. Assist to Search market opportunities to structure, sell and manage funds
2. Assist to Identify and design products to be offered on a discretionary and non-discretionary basis in line with KFIC’s offering strategies
3. Assist to Identify and evaluate business risks, internal controls which mitigate risks, and related opportunities for internal control improvement
4. Assist to Establish new GCC and Local Investment products and define the marketing strategies on how to market the new products
5. Assist to Implement funds’ and portfolios & funds’ investment strategy and manage the portfolios & funds’ trading activities
6. Assist to Identify opportunities to cross-sell other KFIC services and improve overall profitability
7. Assist to Manage the client’s asset portfolios & funds through transactions in accordance with approved strategies and guidelines
8. Assist to Monitor and evaluate clients’ portfolios & funds’ performance to ensure that these meet the performance and risk objectives and
recommend corrective measures, if necessary
9. Assist to Analyze financial statements and market indexes and perform technical analysis of the stock’s performance
10. Assist to Identify potential alliances with other financial institutions to adopt their products and services to increase the portfolios & funds
offerings
11. Assist to Oversee implementation of procedures and controls in the Trading Desk, Research and Analysis, and Portfolios/Funds Management
Units, ensuring that all the transactions are in compliance with the set policies and procedures
12. Assist to Develop models and frameworks to manage and monitor risks in portfolios & funds management. Enter into appropriate market
transactions to mitigate risks, as required
13. Coordinate with Client Relationship department to ensure that investor reports and communications are generated and sent to clients on a
timely basis
14. Coordinate with brokers, custodians etc, for the funds and propose on the brokerage fees etc.
15. Assist to Oversee the development and marketing of portfolios & funds based on client needs
16. Assist to Oversee exist strategy of the investment deals and ensure smooth exits are conducted
17. Assist to Provide superior client service to the clients to cater to their asset management needs and ensure client satisfaction at all times
18. Assist to Participate in the marketing of the funds among the target client groups along with the executives of the Client Relationship
department
19. Seek and track client feedback, analyze it and suggest measures to promote business and improve service delivery
20. Provide ad-hoc reports requested by management on performance and other related areas
21. Maintain highest standards of professional conduct, ethics and integrity in the provision of services in his department
22. Assist to Monitor growth for the department and ensure that they are aligned with the overall business strategy of KFIC
23. Ensure that the department is within Capital Markets Authority’s rules and regulations
24. Demonstrate a thorough understanding of Assets Management/ Investment Management and/or regulatory compliance issues
25. Assist higher management in any other tasks as required by business.
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1. Establish long-term and good relationship with the staff & clients of the company.
2. Maintain the confidentiality of customer information.
Kuwait Finance & Investment Company
Assistant Manager – GCC Equity Markets/Portfolios & Funds
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Education & Qualifications: Experience:
Bachelor’s degree in Finance or Economics
A minimum of 6-8 years of relevant experience with at least 2-3 years
of experience as Team Leader within the Portfolios & Funds field in
Banking or Financial institutions.
Language Skill: Computer Skills:
Fluent in English and Arabic 1. Good skills of MS – Office Management
2. Reporting Skills
Other conditions:
Valid work residency in Kuwait