Portfolio Manager Investment Products
Dubai, United Arab Emirates
Job Description
To monitor the sale and portfolio review of Investment products and ensure that associated risks are safeguarded while the portfolio simultaneously generates fee income for bank.
Key Responsibilities:
- Monitor collateral management process with Credit, CAD and front line to ensure that clients are proactively updated about their leveraged portfolio positions
- Reconcile collateral management report as per business requirements on a daily basis and analyse FTV matrix across customers on a weekly basis to observe portfolio behaviour
- Compile monthly portfolio reports across products including Mutual Funds, Sukuk and Structured Deposits to monitor performance and risks
- Conduct regular portfolio review of customers' investments to minimize losses and increase customer retention
- Instil adequate process to ensure margin calls are serviced in a timely manner.
- Monitor high risk client portfolios for regularization of FTVs back to the original limit and utilizing cross collateralization where applicable
- Responsible for quarterly reporting of Mutual Funds data as per licencing guidelines prescribed by SCA
- Reconcile Fund Fee & Trail Fee Payments received from Allfunds in line with the governing arrangement with the Fund Houses
- Closely liaise with Operations to ensure coupons and dividends are paid to the clients on a timely basis to accurately capture portfolio performance
- Review outstanding facility reports received from Credit for ICD and Tawarruq contracts and follow up with front line to normalize overdue contracts in time
- Coordinate with SP & BA team to ensure incentives are computed on time by assisting them with client data for Investments
- Prepare portfolio summary incorporating customer profiling details received from Sales to aid investigation of individual cases received from Senior Management
- Update RMs on the market movements of the client portfolios and disseminate RM portfolio holdings per client
- Prepare management decks and MIS for reporting on weekly and monthly basis
- Monitor Investment Portfolio MIS with respect to Sales, performance and target and reconcile the same with relevant departments on weekly basis
- Manage RM Portfolio by ensuring adherence to portfolio assignment principles for capacity planning and rebalancing
- Bachelor's Degree in Business Management/ Finance/ Accounting/ Economics/ Marketing or equivalent. MBA will be plus
- Minimum 4 6 years in Retail Banking/Investment products, data analytics and portfolio monitoring
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Job Detail
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Job IdJD1860385
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationDubai, United Arab Emirates
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EducationNot mentioned