AF24589 - General Manager - Investment Manager Selection | Investment Office | Dubai

Department: Al Futtaim Group Finance
Country: United Arab Emirates
Location: Dubai | UAE
Closing Date: 29-Oct-2016
Al-Futtaim

Established in the 1930s as a trading business, Al-Futtaim is one of the most progressive regional business houses headquartered in Dubai, United Arab Emirates.

Al-Futtaim employs in excess of 44,000 people, operates through more than 200 companies and represents more than 225 international brands across industries as diverse as retail and wholesale trading, distribution, real estate development, leisure and hospitality, insurance and financial services. The group has significantly expanded its business operations in recent years through a strategic acquisition plan and has entered a number of new territories, increasing its footprint beyond the GCC and Greater Middle East to encompass Africa, South East and North Asia, Australasia, East Africa and Europe.

Entrepreneurship and rigorous customer focus has enabled Al-Futtaim to grow its business by responding to the changing needs of the customers and societies in which it operates. Al-Futtaim is committed to offering customers an unrivalled choice of the world’s best brands with exceptional standards of customer service and after sales support.

Structured into four operational divisions; automotive, financial services, real estate and retail, Al-Futtaim maintains a decentralised approach, giving individual businesses flexibility and versatility to maintain a competitive stance. This benefits employees, providing a clearly defined work culture where individuals are empowered with authority and responsibility for their work.

The success of Al-Futtaim is attributed to proactively managing change whilst upholding the values of integrity, service and social responsibility. The majority of businesses, built on a portfolio of world leading brands, dominate their sector.

Group

Al-Futtaim Group Divisions include Al-Futtaim Travel, GMASCO, and shared services for IT, Finance and HR. Audit, Legal, Treasury and Investment Management are also managed at a Group level.

Group Finance

Group Finance is based in Al-Futtaim's head office in Dubai Festival City.

About the Position:

Al-Futtaim has recently established an internal investment operation including a governance framework based on global best practice for the management of its diversified portfolio, covering long-only and alternative asset classes. 

We are looking for a General Manager to join our Investment office spearheading the alternative investments initiative. This position is based in Dubai and reports directly to the Chief Investment Officer. 

The General Manager – Investment Manager Selection will structure and lead/build the process for external manager selection for Al Futtaim Investment Office in the long-only and in the alternative asset space. 

The General Manager – Investment Manager Selection will work on an individual basis and have the following responsibilities:

• Supporting the CIO and the Investment Committee (IC) in making asset class and style recommendation which can be assigned to external managers
• Set-up a selection process for all external manager searches, including quantitative and qualitative selection criteria
• On-site visits of  short-listed managers in order to go through a thorough due diligence process
• Making written and verbal recommendations to the CIO and the IC concerning recommended managers
• Supporting the CIO and various internal departments in the manager on-boarding process 
• Reporting relevant risk and performance figures of the selected managers to the IC and relevant parties in the organisation
• Set-up of manager monitoring process with a clear and structured manager termination procedure
• Keeping abreast of market developments in regard to product innovation and the asset management industry
 
About You:

Applicants should hold a M.Sc in Finance, Economics or related subjects. An additional qualification such as CFA or CAIA is a clear plus.


The ideal candidate must have a minimum of 10 years’ experience in manager selection, preferably in an institutional environment covering long-only and alternatives. He/she will possess in-depth experience with manager selection and analytics software and should have had PnL responsibility. Experience in operational due diligence processes especially in the alternative investment space.

We are looking for an individual who is a diligent and structured thinker. Since this role involves a high level of autonomy, the individual must be a self-starter who is able to work independently in a small and fast growing investment organization in the UAE

This is a unique opportunity for a self-driven individual to build a portfolio structure from scratch.
 
Note: you will be required to attach the following: 1. Resume/CV
 
Al-Futtaim offers highly engaging and supportive work environments in a culture that values, recognises and rewards quality performance.