Role Purpose: To manage investment portfolios for high net worth clients, working as a member of the investment
team and contributing company and economic research and asset allocation insights. The Portfolio Manager is
responsible for investment performance and growing assets under management by attracting new clients and
retaining existing clients.
They are responsible for :
Ensuring that all activities are carried out in full compliance with regulatory requirements.Enterprise Wide Risk Management framework and internal Policies and Policy standards.Understanding and managing risks and risk events (incidents) relevant to the role. Key Accountabilities Accountability: Management of Client Portfolios
· Manage client portfolios with an end to end client service offering that includes regular client interaction, portfolio performance reporting and presentations of the house view on economies, markets, asset allocation and stock selection (to individual clients or groups of clients).
· Present the company's product range and the asset classes available for investment.
· Implement changes to client investment portfolios on the portfolio management system (PortCIS) when necessary after discussion with clients or after decisions taken by the Investment Team.
· Place resulting orders with company Stockbrokers or relevant counterparty.
· Rationalize the client base to achieve economies of scale, save costs and make the business more scalable.
· Communicate with clients telephonically or by visitation nationally to maintain high level working relationships.
· Conduct Adhoc Company or economic research for clients or for the management of their portfolios via the internet, business magazines, newspapers or other appropriate media.
· Compile daily and monthly investment reports e.g. newsletter, daily market reports and marketing material.
· Operate professionally and execute activities in line with the Financial Services Board and FAIS requirements.
Accountability: Asset Management Investment Process
· Participate in the asset management investment process by conducting company research (attend financial results presentations, site visits, etc.) on individually listed shares and decide whether to buy/not buy/hold/sell the company shares for the various portfolios that incorporate equities.
· Conduct research on other asset classes e.g. bonds, listed property, money market, preference shares (listed instruments) in order to include or exclude them from client portfolios.
· Provide input and insights into investment strategy meetings, stock selection meetings, asset allocation meetings and other relevant investment forums.
· Make investment decisions regarding the management of client portfolios. · Monitor and report on private client portfolio performance (management reports and client reports).
Accountability: Business Development
· Agree new business targets with the direct manager annually through the Performance Development planning process.
· Visit and present the company's service offerings to potential clients nationally; tailor make and provide investment solutions to clients.
· Grow Assets Under Management (AUM) through additional funds from the existing client base and from new clients.
· Develop new investment offerings for clients by identifying client needs; ascertain what's available in the market and structure new product offerings or services for clients using both internal and external resources.
· Execute business development activities within the parameters of the agreed Service Level Agreements (SLA) with Advisers, Independent Channel Advisers and the FAIS requirements.
Accountability: Management Meetings
· Attend and contribute to the general management of the company (Operational meetings and company management meetings) and communicate updates on developments
· Attend training courses as required.Education and Experience: · B.Comm. Degree in Accounting or equivalent NQF level 6
· Chartered Financial Analyst (CFA) Charter
· FSB Portfolio Manager Certificate / FAIS Regulatory examinations
· Five (5) years experience in financial markets and dealing with investment clients
Knowledge & Skills: · Presentation skills
· Presentable to clients
· Persuasive
· Technical writing skills
· Understanding of S.A. and global investment markets
· Computer skills (MS Office)
Competencies: · Persuading and influencing
· Adapting and responding to change
· Learning and researching
· Analyzing
· Deciding and initiating action
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