| Discretionary Portfolio Manager | |
| MRL Financial Riyadh, Saudi Arabia Ref: GP195-646 |
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The RoleThe RoleBased in: Riyadh, Saudi Arabia Reporting to: Chief Asset Management Officer Managing: Corporate Discretionary Portfolio Head, HNWI Discretionary Portfolio Head. Job Summary: Responsible for Managing the Discretionary Portfolio Function’s all related policies and processes, including building customized investments to the companies Capital’s clients, and provide existing clients with accurate, timely and extensive information on the company Capital products / services. Primary Accountabilities and Responsibilities: Strategic • Develops Discretionary Portfolio Function’s strategies, business plans and budgets in accordance with the companies overall strategic intent and direction. • Reviews Discretionary Portfolio Function’s policies and processes inline with all regulation requirements to control all related activities within the Company Capital. Operational • Structures and offers customized investments such as special purposes, money markets, hedge portfolios etc., to the Companies Capital corporate, institutional clients, HNWI’s and retail clients. • Obtains the necessary mandates and documentation prior to commencing the contractual relationship of management clients’ assets. • Oversees the management of multiple investment portfolios for the ultra / high net worth clients. • Interviews clients, measures their tolerance for risk, then select securities with the desired level of risk and a high expected rate of return. • Develops and services comprehensive personal financial relationships within consumer target market through a professional sales effort. • Consults with clients to maximize their service usage and investment opportunities and monitor client portfolio to ensure profitability. • Ensures retention of existing clients by providing them with accurate, timely and extensive information on the companies Capital products / services. • Ensures adequate controls are in place and operating effectively to mitigate the operational risks. • Conducts business impact analysis of industry, business, or regulatory developments with Risk & Compliance requirements. • Ensures reconciliation with the Back Office and reports any error, client dispute or customer account deficit. • Monitors and updates the management with details of incidents of significant reportable events, complaints, claims, errors, and rule breaches. People Management • Provides guidance and leadership to all Discretionary Portfolio members to ensure effective and efficient flow of work, and help them recognize their fundamental role in their functions. • Monitors the adherence of Discretionary Portfolio employees to the company guidelines, policies and processes. • Conducts annual performance appraisal to review direct subordinate performance, carries out disciplinary meetings when needed and recommends salary adjustments and rewards based on their performance. |
RequirementsRequirementsCandidate Requirements: The ideal candidate will have a Bachelor's in Finance/Accounting, a Master's in Finance/Accounting would be advantageous. Extensive years of Discretionary Portfolio experience in the financial and real estate investment sector. Be a strategic thinker and planner, loyalty and dedication, team worker, good at coaching and mentoring staff, relationship builder with a goal to achieving excellence. Interested candidates may apply now online. |
About the CompanyAbout the CompanyPart of the MRL Group, MRL Financial works in partnership with leading global finance-based organisations to provide a complete recruitment service. Primary divisions comprise technology and operations, risk management, audit and compliance. |
This Position is closed or expired
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