وصف الوظيفة
Role Overview
Portfolio Manager - Alternative Assets at Emirates Islamic Bank, a division of Emirates NBD. This role is based within the bank's alternative asset management operations.
Company Overview
Emirates NBD is a market leader across the MENAT (Middle East, North Africa and Türkiye) region with a presence in 13 countries, serving over 9 million customers. It is the leading financial services brand in the UAE with a brand value of approximately USD 4 billion. The bank serves customers through retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. Emirates NBD is a key participant in the global digital banking industry, with 97% of all financial transactions and requests conducted outside of branches. The bank also operates Liv, a lifestyle digital bank, which has over half a million users and continues to be the fastest-growing digital bank in the region.
Role Purpose
To assist senior team members in the management of direct and indirect fund-of-funds investments focused on Private Credit, including due diligence, deployment, monitoring, governance, risk oversight, and coordination across structuring, operations, and reporting functions.
Key Responsibilities
Due Diligence
- Conduct investment due diligence on private asset managers and direct deals across alternative assets focused on private credit.
- Assess track record, strategy alignment, legal and operational frameworks of fund managers.
- Conduct on-site visits and reference checks.
- Prepare due diligence reports for internal stakeholders.
- Conduct or support operational due diligence reviews on private asset funds, including operational systems, governance, controls, valuation, and compliance processes.
- Collaborate with external consultants or internal risk and operations teams for thorough assessments.
Portfolio Monitoring
- Monitor performance of underlying fund managers and direct real estate investments.
- Analyze periodic reports, financial statements, and key performance indicators; flag deviations from expected performance.
- Maintain updated dashboards and performance summaries for internal use.
- Monitor and track capital deployment timelines in line with approved allocation plans.
Governance & Compliance
- Support governance processes including quarterly portfolio reviews, internal controls, and compliance protocols.
- Ensure adherence to investment policies, limits, and framework across portfolio.
- Liaise with senior members of the team for communication with internal committees and auditors for transparency and control.
Risk Management
- Identify, track, and mitigate risks related to portfolio exposures, leverage, concentration, and liquidity.
- Work with risk teams to model stress scenarios and establish early warning indicators.
Investment Strategy & Development
- Contribute towards development of a pipeline of direct deals and private fund opportunities across geographies and sectors.
- Develop internal thematic research to support investment decisions.
- Help senior portfolio manager in preparation of high-quality investment memos for Investment Committee and Board approval.
- Synthesize complex investment ideas into clear and concise documents with risk-return analysis and recommendations.
Structuring & Documentation
- Assist in preparation of key documents such as PPMs, subscription agreements, side letters, and SPAs.
- Contribute to the design of new fund products or investment vehicles aligned with market demand and internal strategy.
- Prepare business cases, support fund marketing, and liaise with external stakeholders including distributors and regulators.
- Support structuring of fund-of-funds vehicles, co-investment programs, and direct deals.
- Help senior portfolio manager in working with legal, tax, and structuring advisors to optimize fund terms and governance models.
- Draft or review term sheets, joint venture agreements, and shareholder agreements for direct investments.
Operations & Execution
- Coordinate with fund managers, legal counsel, and internal teams for smooth execution.
- Act as liaison between investment and operations teams to ensure seamless execution and ongoing management.
- Support investor reporting, fund audits, regulatory filings, and accounting reviews.
- Ensure alignment on NAV reporting, capital account statements, waterfall calculations, and compliance requirements.
Qualifications & Experience
- Bachelor's Degree.
- CFA, CA, MBA, or CPA certification.
- 5 to 10 years of experience in private markets, including direct deals, indirect deals, fund-of-funds, co-investments, secondaries, transaction advisory, or consulting.
- Prior work experience in Private Credit.
- Strong exposure to due diligence, portfolio monitoring, and fund structuring.
Skills & Competencies
- Strong analytical, financial modelling, and presentation skills.
- Understanding of fund documentation, legal structures, offshore tax structures, and governance.
Additional Information
- Flexible work policy allowing remote work.
- Competitive rewards, benefits, and perks.
- Professional development opportunities to accelerate career growth.