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1. GRADE: Officer
2. REPORTS TO: Portfolio Manager
3. JOB PURPOSE:
The Senior Officer Investments will support trade execution, performance monitoring, and investment reporting.
4. KEY RESPONSIBILITIES:
• Carry out investments in line with the Fund’s investment policies.
• Support the Portfolio Manager and Director Investments in identifying and structuring investments, departmental policies, and procedures.
• Follow up on the new investments generated and other investments already in the Fund’s portfolio through collaboration with the Finance department.
5. DUTIES:
Portfolio Management
• Initiate the draft investment strategies for consideration to Investment Management Committee (IMC) and submit them to the Portfolio Manager for review.
• Periodically generate innovative investment ideas suited to the prevailing market conditions that can result in the achievement of the set return targets.
• Discuss investment strategies with Portfolio Manager and keep him/her informed about trades or transactions.
Fixed Income Analysis
• Develop and maintain a Portfolio Holdings database to form the basis of the purchase or sale of securities given the prevailing market sentiments.
• Monitor fixed income portfolio performance, fair value changes, interest rate effects and analyse the assets coming into the portfolio and recommend timely interventions where the investments do not perform as anticipated.
• Contribute to ongoing investment ideas and portfolio strategy discussions.
• Assess interest rate dynamics, demand-supply factors, liquidity requirements and inflation pressures to determine appropriate market entry/exit points and investments opportunities.
• Perform stress tests, scenario analysis and simulations on existing and proposed fixed-income portfolios and their impact.
Operations
• Investing funds as instructed by the Portfolio Manager and monitoring the funds invested by the organization.
• Liaising with and managing external fund managers as directed by the Portfolio Manager or Director Investments.
• Track periodic primary auctions of treasury securities and lead negotiations with Primary Dealer Banks on investment instruments.
Administration and Reporting
• Work closely with the Middle Office in the reconciliation and verification of the total fund portfolio under management in the preparation of the Investments Performance reports.
• Collect macro-economic data and conduct investment research to guide investment strategies and actions.
• Construct and maintain databases of financial, economic and market data based on macro-economic developments and economic indicators to determine the likely direction of monetary and fiscal policy.
• Monitoring collection and recording of DPF’s Income on investments in conjunction with the Middle Office and Finance Department, to ensure that it is done on time and in line with the reporting framework.
• Keep accurate records of transactions.
• Performs other work-related duties as assigned, within your scope of practice.
6. EXPECTED OUTPUTS:
• A Comprehensive Database on macro-economic and financial sector indicators
• Periodic fixed income investment strategies
• Well-maintained and up to date Portfolio holdings and
• Monthly, Quarterly and Annual investment performance reports.
7. COMPETENCIES:
A. Technical Competencies
• Financial accounting and budgeting.
• Financial Analysis
• Investment Management.
• Economic and financial modeling
• Business writing
B. Behavioral Competencies
• Accountability and Dependability: Takes personal responsibility for the quality and timeliness of work and achieves results with little oversight.
• Transparency and Integrity: Earns others’ trust and respect through consistent honesty and professionalism in all interactions.
• Team spirit and collaboration: Promotes cooperation and commitment within the team to achieve the Fund’s organizational goals and deliverables. Builds constructive working relationships characterized by a high level of acceptance, cooperation, and mutual respect.
• Adaptability and Flexibility: Adapts to changing needs, conditions, and work responsibilities.
• Self-Management and thoroughness: effectively manage own time, priorities, and resources to achieve goals. Ensures that work is complete and accurate and independently follows up with others to ensure that agreements and commitments have been fulfilled.
• Communication: Shares and receives information using clear oral, written, and interpersonal communication skills.
• Stress Tolerance and tact: Maintains composure in highly stressful or adverse situations, and diplomatically handles challenging or tense interpersonal situations.
• Employee Engagement and enthusiasm Demonstrates commitment to the job, colleagues, the Fund, and its mission by acting in ways that further the accomplishment of its goals.
• People Management: Leads and engages people to maximize organizational and individual performance through alignment with the Fund’s mission and attainment of strategic and operational goals.
• Coaching and Mentoring: Enables co-workers to grow and succeed through feedback, instruction, and encouragement. Influences others to be excited and committed to furthering the Fund’s objectives. ability to gain others’ support for ideas, proposals, and solutions.
8. MINIMUM QUALIFICATIONS AND EXPERIENCE.
• A first-class or second-class upper degree in Business Administration, Finance, Banking, Economics, Econometrics, Quantitative Economics, or related areas is essential.
• 3+ years’ work experience in investments or closely related field is essential.
• Completion of Level II of the CFA program is essential.
• Experience in sourcing, structuring, and closing investments is an added advantage.
• Prior experience in financial, econometric, and statistical analysis is an added advantage.
