Chief Investment Officer at Botswana Insurance Fund Management

It’s time to stand on your own feet and prove yourself in an environment where you will be given an unprecedented amount of strategic and operational responsibility. This is a truly unique opportunity, for an investment specialist with a flair for management, to stretch yourself and prove your mastery in achieving superior and consistent returns against industry benchmarks.

Job Summary:

Reporting to the CEO, and as a member of Exco, you will contribute to the formulation of Bifm business strategy and develop and implement appropriate investment management strategies. Managing the Asset allocation strategy for the Client Mandates will include: assessment of each individual asset class valuation and making decision on the overall portfolio.

Key Performance Areas

You will be responsible for offshore manager selection and monitoring, research oversight across all asset classes: listed and unlisted, as well as ensuring effective management of all client investment investment portfolios

All aspects of compliance and effective management of a team of investment professionals.

Strategic Alignment:

Actively participate and contribute to the formulation of Bifm business strategy as part of the Executive Committee management team
Develop and implement appropriate investment management strategies and plans in alignment with Bifm business strategy to ensure achievement of Bifm strategic objectives

Investment Management:

Ensure the development and implementation of policies, processes and procedures for the effective management of clients’ investment portfolios
Manage and ensure the provision of consistent superior returns per mandate for all clients by structuring portfolios for optimal returns with due consideration of identified risk
Committees and board report submissions
Manage portfolios in terms of cash flows to ensure constant rebalancing of portfolios on a daily basis
Manage and ensure availability of finance and economic information to facilitate management decision making

Coordinate and maintain Bifm’s investment “in-house view” in line with the overall investment view which include:

Generating an in-house view as required in line with market dynamics
Ensuring implementation of in-house view in respect of all client portfolios
Report investment performance of all portfolios to clients on a quarterly basis
Structure how clients’ local and international assets are held to ensure efficiency of asset class holdings

Stakeholder Relationship Management:

Ensure client retention through the maintenance of sound relationships with all clients Client satisfaction and retention of asset management business
Ensure client satisfaction through optimal returns on investment funds
Maintain effective relations with all relevant internal stakeholders across the group

Compliance

Monitor and ensure that investment management complies with all relevant statutory, regulatory, prudential rules and mandate requirements at all times Consistency of regulatory and client mandate compliance and addressing audit matters.
Participate in the identification of relevant existing and potential risks, and in the development of effective mitigative plans and initiatives

People Management

Ensure that all staff are appropriately trained, skilled and that their expertise is optimally applied
Review and manage performance to ensure that staff deliver on agreed performance plans and targets, and recommend performance-related rewards and promotions when applicable
Ensure that the working environment contributes to improving staff morale and increasing productivity
Provide leadership that demonstrates the values of the company

Critical Skills & Competencies

Strategic visioning and execution
Technical asset management expertise
Business or commercial orientation
General insurance regulation & corporate governance
Financial literacy
Stakeholder relationship management
Effective decision making
Customer orientation
Team leadership and management

Knowledge areas

Proven background in team leadership, investment strategy formulation, investment research and analysis, portfolio management
Planning and development of new business towards the achievement of defined business objectives

Experience