IDB3334 - Senior Fund Management Specialist

Business Unit: Vice President Finance & CFO
Division: Not Applicable
Department: Not Applicable
Country: Saudi Arabia
Location: Saudi Arabia - Jeddah
Closing date: 27-May-2024

Job Purpose:

Responsible for identifying, screening and developing new fund investments opportunities after thorough analysis, in coordination with the Director, striving for maximum returns at the minimum risk level for the Bank. The role ensures that all related activities are in line with the regulatory and risk control framework. Moreover, the job holder coordinates and reviews the work of less experienced team members and provides them with technical guidance.

Key Accountabilities:

Fund Management Operations:

  • Conduct market research and analyze information from multiple sources to drive the identification, screening and development of new Investments opportunities for the Bank.

  • Conduct Due Diligence processes for investments in new funds (Listed, Private Equity, Real Estate and Infrastructure Funds etc.).

  • Prepare and review drafts of exit proposals and conduct fund liquidation in coordination with the Legal function and in line with the IsDB’s policies, rules and guidelines.

  • Coordinate with the Treasury Unit to ensure availability of funds for timely and proper execution of transactions.

  • Liaise with Fund Managers responsible for different funds / portfolio of funds and recommend changes in the asset allocation depending on the current market scenario and the future outlook.

  • Coordinate preparation of standardized and ad-hoc reports regarding the performance, attractiveness and acceptance of various IsDB funds and portfolio of funds, using standard KPIs and metrics (e.g. average return over the period, volatility observed during the period, etc.), to assist the management in data-driven decision making.

  • Identify potential risks, assess their impact and recommends appropriate measures to control and mitigate the threats.

  • Establish and maintain business relationships with various external stakeholders (e.g. other MDBs, investment banks etc.) and participate in relevant forums, conferences etc. to keep up to date with market trends so as to better serve and promote IsDB’s interests.

  • Educate staff within the Investment Unit and the relevant staff in IsDB on the matters pertaining to non-OCR and non-investment funds.

Operational Excellence Support:

  • Resolve any relevant escalated inquiries / issues addressed by various stakeholders in a timely manner.

  • Ensure effective implementation and adherence to respective policies, procedures and controls so that all relevant procedural / legislative requirements are fulfilled.

  • Propose and implement process improvements to increase efficiency, effectiveness and compliance of the related operations.

  • Provides necessary input for the preparation of the function’s budget.

Academic and professional qualifications:

  • Bachelor's degree in Economics / Finance / Business Administration or other related discipline.

  • Certification like CFA / CAIA would be preferred.

  • Minimum 8 years of relevant experience in the Investment function, ideally within a Multilateral Development Bank, with at least 4 years’ experience in managing external funds.

Skills & Necessary Knowledge:

  • Islamic Finance

  • Corporate Governance

  • Financial Reporting

  • Fund Mobilization

  • Investment Analysis

  • Investment Product Knowledge

  • Financial Management

  • Economic Analysis and Assessment.

  • Portfolio Management and/or Reporting

  • Problem solving

  • Analytical thinking

Languages:

  • English - Mandatory

  • Arabic - Preferred

  • French - Preferred