Company Description

First Abu Dhabi Bank is an inclusive environment where each person values the experiences, perspectives, ideas and beliefs of others. We\'re in a unique position to learn from all our colleagues, combining international experience with deep cultural knowledge and local expertise. At FAB, you\'ll have the support of your team and a strong relationship with your line manager, who will trust you with responsibility and recognize your good performance. As we embrace different ways of seeing the world, listening to each other and respecting different viewpoints, we grow stronger - together.



The Asset Management Risk and Oversight function is responsible for establishing and leading a comprehensive risk management, governance, and middle office oversight framework within the asset management division of the organization. This position will assist the Head of AM Risk & Oversight to oversee the risk management, governance and oversight of middle office functions. The role will handle day to day working of the function and perform activities as delegated by the Head of AM Risk and oversight.

The Oversight and Performance Monitoring plays a pivotal role in managing and enhancing the oversight and performance monitoring of third-party service providers (e.g., fund administrators, custodians, transfer agents, middle office service providers, etc.) engaged by asset management. This position will assist the Head of AM Risk & oversight in establishing and maintaining a robust oversight and governance framework, conducting due diligence, and ensuring compliance with service level agreements.

• Play a key role in drafting the risk framework and establishing a robust governance and oversight function for Asset Management.
• Conduct thorough risk assessments of asset management funds and portfolios, ensuring comprehensive coverage.
• Collaborate closely with the asset management team to develop and implement effective strategies for mitigating identified risks.
• Prepare detailed reports on asset management activities, risk indicators, and compliance status for senior leadership and asset management committees.
• Collect and analyze data related to asset management activities and assess risk exposure to make informed decisions.
• Work alongside portfolio managers and investment teams, offering valuable analytical support for refining risk management strategies.
• Generate various risk analytics tailored for fund managers, clients, and regulatory reporting.
• Facilitate interactions with external auditors, regulators, and clients to streamline audits and reviews, ensuring adherence to regulatory standards.
• Proactively identify opportunities for process improvements and efficiency enhancements within designated scope.
• Contribute to the implementation of enhancements to risk management practices and governance procedures.
• Maintain accurate and well-organized documentation of risk management processes, governance policies, and oversight activities.
• Support the ongoing maintenance of governance frameworks, policies, and procedures specific to asset management.
• Oversee fund administrators, Fund NAV (Net Asset Value), and manage queries related to positions, valuation, and corporate actions.
• Conduct due diligence on potential third-party service providers by gathering comprehensive information and assessing their capabilities.
• Contribute substantially to the preparation of due diligence reports and provide well-founded recommendations.
• Vigilantly monitor third-party service providers to ensure strict compliance with service level agreements (SLAs) and performance standards.
• Collaborate in establishing and tracking key performance indicators (KPIs) and metrics to evaluate service providers\' performance.
• Maintain meticulous records of oversight activities and risk assessments.
• Assist in preparing comprehensive reports regarding the performance and compliance of service providers.
• Contribute to both routine and ad-hoc reporting requirements, ensuring timely and accurate communication.
• Cultivate positive working relationships with service providers and internal teams, establishing yourself as the primary point of contact for service providers within the Asset Management department.
• Participate in Asset Management reviews and assessments like RCSA, EWRA, internal audits, compliance reviews, Shariah audits etc.

Qualifications

• A post graduate degree in Finance, Accounting, Economics, Statistics, or related field
• A relevant professional qualification
• 8+ years\' work experience within Asset management, banking, or other financial institution.
• Minimum of 5+ years working within a risk analytics, portfolio performance team of asset management, mutual fund, hedge fund or investments business
• Working knowledge of Portfolio Valuation, Fund NAV, Portfolio Performance and Risk Analytics
• Hands on experience in administering Portfolio management systems like Bloomberg.
• Experience in running projects and implementation of system enhancements independently.
• Advanced MS Excel and PowerBI skills, Macros will be a plus
• Ability to work independently under tight deadlines and effectively manage multiple tasks.
• Eye for detail, number crunching, and strong analytical abilities are must.

First Abu Dhabi Bank