Managing Director

Our client is a key player in the financial service sector. They are currently looking to hire a managing director for their asset management subsidiary.

JOB OBJECTIVE:

To provide strategic direction and effective oversight needed for optimal achievement of the company’s corporate objectives and strategies as approved by the Board of Directors.

Accountabilities:

• Communicate the business objectives of the Board to the Management Team of the company and provide the required strategies to guarantee optimal results
• Unpack and cascade corporate objectives into strategic business objectives and assign measurable key performance indicators (KPIs)
• Sign up and oversee the implementation of corporate strategies aimed at achieving business objectives as ratified by the company's Board
• Offer the Board necessary advice on markets and profitable investments opportunities in the asset management industry based on deep insights gained from market and industry operations
• Ensure that policies and procedures meet the expectations of all key stakeholders, financiers, etc
• Work with the Management Team in the formulation of all budgets for income and expenditure, including required strategic plan budgets, annual budgets, cash flow forecasts, and obtain approval on these budgets with the Board through the company's Executive Management Team
• Work with the Management Team to create an enabling culture and environment that enhances employees’ productivity while maximising their potentials and nurturing their aspirations
• Build networks within and outside the industry and translate these into business opportunities to increase shareholders’ value
• Oversee the overall performance of the company and ensure all departments and units perform at optimal levels
• Ensure the corporate brand is strengthened and consistently promoted in ways that project a viable business venture to relevant stakeholders
• Provide detailed reports on business operations and achievements of set strategic objectives as and when due to the Board of the company

KEY PERFORMANCE INDICATORS

FINANCIAL

• 100% achievement of the company's corporate objectives
• 100% financial performance of company's (ROCE, ROA, ROE, growth in bottom-line, etc)
• % growth of the company’s market share
• Operating Cost

CUSTOMER

• 100% satisfaction of the company’s stakeholders
• Customer Retention

PEOPLE

• E- Learning Score

PROCESS & OTHERS

• Number of compliance breaches or risk incidents.
• Number of new business relationships
• Number of new products introduced
• Number of new technology solutions introduced

RISK & CONTROL

• Internal Audit Rating

REQUIRED SERVICES

FUNCTIONAL/TECHNICAL COMPETENCIES:

• Asset management
• Operational Efficiency
• Financial Modelling and Valuations
• Financial Analysis
• Scope Definition and Management
• Knowledge of the global business environment
• Analytical skills
• Stakeholder management
• Marketplace knowledge
• Customer Relationship Management
• Knowledge of Extant rules and regulations
• Risk Management
• Stakeholder Management
• Research & Development
• Policy Formulation & Implementation

LEADERSHIP COMPETENCIES

• Strategic Vision
• Business Acumen
• Accountability
• Team Building
• Critical Thinking
• Diplomacy and Tact
• Continuous Learning
• Drive for Results (Efficiency)
• Customer focus
• Digitization

GENERAL COMPETENCIES

• Reporting
• Communication skills

BEHAVIORAL COMPETENCIES

• Interpersonal relations
• Adaptability
• Initiative
• Decision quality & Problem solving
• Time & Self-Management

ORGANIZATIONAL COMPETENCIES

• Attention to Detail (Excellence)

PERSON SPECIFICATION/JOB PROFILE

This role requires that the job holder possesses:

• Deep understanding of investment strategies, asset classes, and market trends.
• Ability to inspire, motivate, and guide a team of investment professionals.
• Capacity to develop and implement long-term business strategies.
• Ability to identify, assess, and mitigate risks associated with investments and business operations
• Effective communication skills to articulate investment strategies and performance to clients, stakeholders, and the media.
• Ability to identify new business opportunities and grow the company's assets under management
• Capacity to optimize business processes, technology, and infrastructure.
• Strong ability to build and maintain relationships with clients, understanding their needs and expectations.
• Unwavering commitment to ethical behaviour, transparency, and accountability.
• Ability to navigate changing market conditions, regulatory environments, and industry trends.
• Ability to interpret and make decisions based on data and analytics.
• Understanding of global markets, economies, and geopolitical trends.
• Ability to anticipate and shape the future of the asset management industry.

EDUCATIONAL QUALIFICATION:

• First degree in finance, economics, business administration, or a related field is usually the starting point.
• MBA (Master of Business Administration) is required
• CFA certification is desirable

Experience:

Minimum of 15 - 20 years' work experience in asset management or financial services industry, 3 - 5 of which should be in a senior or executive management position.