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Vice President - Investment

Employer
Sirena Advisors
Location
Qatar (QA)
Salary
Negotiable
Closing date
May 23, 2024

About the Hiring Company

QNB Group - Established in 1964 as the country’s first Qatari-owned commercial bank, QNB Group has steadily grown to become the largest bank in the Middle East and Africa (MEA) region.

QNB Group’s presence through its subsidiaries and associate companies extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is more than 28,000 serving up to 20 million customers operating through 1,000 locations, with an ATM network of 4,300 machines.

QNB has maintained its position as one of the highest rated regional banks from leading credit rating agencies including Standard & Poor’s (A), Moody’s (Aa3) and Fitch (A+). The Bank has also been the recipient of many awards from leading international specialised financial publications.

Based on the Group’s consistent strong financial performance and its expanding international presence, QNB currently ranks as the most valuable bank brand in the Middle East and Africa, according to Brand Finance Magazine.

QNB Group has an active community support program and sponsors various social, educational and sporting events.

Role Summary

The Vice President Investment is responsible for the management of investment funds and client investment portfolios created by the Asset Management department.

He/she is responsible for the achievement of budgeted performance objectives for the Funds/Portfolios under his/her management in compliance with established policies, procedures, standards and regulatory requirements.

The Vice President Investments is responsible for the efficient and timely execution of transactions and for addressing questions or enquiries in connection with the funds/portfolios under his/her management.

Role Description

Contributes to the business development planning process in connection with the Investment fund management function.

Contributes to the implementation of the business plan, with the aim of achieving set volume, revenue, and profit objectives.

Focuses on the achievement of the associated Key Performance Indicators (KPIs) to be monitored periodically.

Recommends appropriate pricing structures/policies re: Investment fund management.

Identifies new business opportunities in conjunction with the respective unit heads and thereby contributes to business growth.

Implements KPI’s and best practices for “Vice President Investment”

Promote cost consciousness and efficiency and enhance productivity, to minimize cost, avoid waste, and optimize benefits for the bank.

Act within the limits of the powers delegated to the incumbent.

Contributes to the provision of value-added services to existing/potential clients, with the aim of meeting/exceeding clients’ performance expectations.

Contributes to the timely and accurate supply of information to external and internal auditors, Group Compliance, and Group Risk - as and when required.

Co-ordinates with the Operations Division re: the timely and accurate processing of all funds/portfolio-related documentation (e.g. Articles of Association, Information Memoranda, Investment Management Agreements, Investment Policy Statements, Risk Profiles, Term Sheets etc.).

Works within the permitted parameters of AMM’s mandate for the purchase and sale of financial securities

Processes orders, forms and applications re: the purchase and sale of securities in accordance with the investment guidelines stipulated in respect of each individual fund/portfolio.

Differentiates QNBAM from its competitors by means of adherence to the highest professional standards.

Provides market intelligence to those colleagues who may require it.

Works closely with (and helps to motivate) colleagues with the aim of enhancing staff and portfolio performance.

Actively contributes to discussions re: the introduction of new portfolios.

Contributes to the preparation of Investment Management Agreements, Investment Policy Statements, term Sheets and etc. in accordance with the directions of the EVP Asset Management.

Actively contributes to the launch of new investment-based funds and portfolios.

Monitors closely the performance of the funds/portfolios under his/her management and takes remedial action if and when required.

Ensures on-going compliance with the articles of association of each of the funds/portfolios under his/her management.

Manages, controls, monitors, and assumes responsibility for the funds and portfolios under his/her management.

Is responsible for implementing any action plan which may be required by Group Internal Audit, external auditors, regulators, or Group Compliance, in order to address any potential control weakness or compliance irregularity.

Prepares fund and portfolio performance reports as and when required by the Head of Equities.

Contributes to the maintenance and collation of fund/portfolio-related data for inclusion in MIS reports.

Comply with all applicable legal, regulatory and internal compliance requirements including, but not limited to, Group Compliance Policies and Procedures (AML&CTF, Sanctions Policy, Data Protection Policy, Fraud Control Policy, Whistle Blowing Policy, Conflict of Interest and Insider Dealing Policy).

Ensure high standards of data protection and confidentiality to safeguard commercially sensitive information.

Maintaining utmost confidentiality concerning customer and internal bank information obtained during the course of business and provide such information on a need-to-know basis only to Senior Management of QNB, Audit and Compliance functions, and relevant Regulators.

Qualifications

Bachelor degree in Business, Commerce, Finance, Mathematics or Economics.

CFA or equivalent professional certification is a requirement.

12 years Fund/Portfolio Management experience, of which 3 years should have been in a similar role, preferably in the Arabian Gulf.

Required Special Skills

Excellent verbal and written communication skills (including report writing) in English, with Arabic an added advantage.

Ability to communicate confidently with all levels of management.

Excellent interpersonal and presentation skills.

Good knowledge of the Portfolio Management Business.

Superior relationship management skills.

Understanding and awareness of risk management concepts, techniques and practices.

Understanding of the relevant laws, regulations and practices.

Note: you will be required to attach the following:

Resume / CV

Copy of Passport or QID

Copy of Education Certificate

Interested Parties please contact Mr. Badar Sakriwala at badar@sirenaco.com

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