Manager Portfolio Pvt Clients Stockbrokers (Stockbrokers)(FAIS) at Absa Group Limited (Absa)

Job Summary

• To manage investment portfolios for high net worth clients, working as an active member of the SPM investment team in all decision-making around client portfolios. The Portfolio Manager is responsible for investment performance and growing assets under management by attracting new clients and retaining existing clients.

Job Description

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 SPM Investment Team.
• Place resulting orders with the Absa Stockbrokers and Portfolio Management dealing desk.
• Rationalise the client base to achieve economies of scale, save costs and make the business more scalable.
• Communicate regularly with clients and financial intermediaries in order to maintain relationships and to meet any regulatory requirements.
• Operate professionally and execute activities in line with the Financial Services Conduct Authority (FSCA), and FAIS requirements and Absa’s internal policies.

Investment Management Process

• Participate in the SPM investment management process through coverage of a range of locally-listed and offshore-listed equities and financial instruments and reporting investment recommendations to the SPM Investment Committee.
• 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 SPM 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 to clients and financial intermediaries.

Business Development

• Set business targets and objectives with the direct manager annually through the performance development (PD) planning process.
• Build relationships and network with Private Bankers (Absa Wealth/Absa Private Bank), Absa Advisers (AIFA) and Independent Financial Advisers (IFAs) in order to generate new portfolio flows for SPM.
• Present SPM's investment offerings to potential clients; tailor-make and provide investment solutions to clients.
• Grow assets under management (AUM) through additional funds sourced from the existing client base and 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 Absa Advisers, Independent Channel Advisers and the FAIS requirements.

Management Meetings

• Attend and contribute to the general management of the company where required (operational meetings and company management meetings) and communicate updates on developments within SPM to advisers and clients
• Complete Absa training courses as required.

Education and Experience Required

• B.Comm. Degree in Accounting or equivalent NQF level 6
• Chartered Financial Analyst (CFA) Charter
• FSCA 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
• Analysing
• Deciding and initiating action
• Relating and networking

Education

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)