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Head of Asset Allocation

Remuneration:negotiable Market related 
Location:Johannesburg, Sandton
Education level:Honours
Job level:Senior
Type:Permanent
Reference:#BC002AF
Company:Spangle Concepts (Pty) Ltd


Job description

Scope
  • Lead the asset allocation capability
  • Collaboration with broader Investment Team and other divisions within the business and Group
  • Deliver Asset Allocation framework to business and clients, including Dynamic Asset Allocation (DAA)
  • Deliver Asset Allocation framework to business and clients, including Dynamic Asset Allocation (DAA)
  • Maintain and deliver models and analysis supporting views
  • Conceptually explain and create a clear understanding of the outcome
  • Teach and guide macroeconomic and asset allocation understanding within the team
  • Run Asset Allocation Committee.
  • Elicit DAA input from PMs, Chief Economist and others in the Investment Team.
Key performance indicators  
  • Teach and guide macroeconomic and asset allocation understanding within the business.
  • Contribute to strategic discussions in the Investment Team
  • Deliver asset allocation and investment strategy thought leadership, including new asset classes and investment classes
  • Brand leadership and media when required
  • Lead, develop and progress the members of the AA team
  • Develop and maintain the asset allocation frameworks
  • Review Mercer views and ensure consistency of message.
  • Generate internal shorter-term AA return assumptions
  • Deliver DAA framework: objectives, constraints, asset classes, return expectations, and risk limits.
  • Decision-making framework and mechanism for communication to advisory clients and use by PMs
  • Beat DAA benchmark at lower risk levels than benchmark
  • Manage DAA portfolio in-line with framework. Beat DAA benchmark at lower risk levels than the benchmark
  • Ensure a DAA process is documented and consistent
  • Review external research input from brokers
  • Present AA process and views to all stakeholders including clients
  • Write commentary to aid clients understanding of markets, asset allocation and related investment topics
  • Oversee the investment aspect of any asset allocation view in conjunction with the relevant portfolio manager (set mandate, liaise with admin, ensure marketing material changed, communication etc.
  • Stay informed of developments in the market, understand the effect and impact on portfolios and propose action if necessary


Requirements

Requirements
  • Twelve to 15 years experience in the financial services
  • Relevant graduate and postgraduate qualification or equivalent business degree or certificate (finance, economics, investment, CFA, etc.)
  • Very strong foundation in finance theory and engagement with financial markets is required
  • knowledge of quantitative/risk factors - a plus
Competencies
  • Commercial acumen
  • Strong analytical skills
  • Purposeful collaboration
  • Strong oral and written communication 
  • Technical background with strong analytical and quantitative skill
  • Reading, critical thinking, inquisitiveness, humility and honesty.
  • Detail-oriented, with an ability to multi-task and handle multiple priorities
  • Debate and the ability to foster constructive debate among others
  • Good understanding of stakeholder management
  • Strong people management skills
  • Strong understanding of capital markets and have extensive investment experience with respect to multiple asset classes
  • Experience in derivative usage in portfolios is in advantage


Posted on 01 Apr 07:42

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