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RAKBANK

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Associate Vice President - Mutual Funds & Wealth Lending

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Description

What You'll Be Doing:

Product Strategy & Ownership

  • Own the strategy, roadmap, and commercial positioning of the Mutual Funds and Wealth Lending product suite.
  • Define target client segments, value propositions, and growth opportunities.
  • Continuously enhance products based on market trends, customer needs, and competitive insights.
  • Drive product performance, revenue growth, and customer adoption.
  • Ensure alignment with the Bank's broader Wealth Management strategy.

Mutual Funds Platform Management

  • Lead the end-to-end fund lifecycle, including sourcing, due diligence, onboarding, monitoring, and review.
  • Conduct quantitative and qualitative fund analysis covering performance, risk metrics, portfolio construction, and manager capability.
  • Establish robust governance frameworks, fund scorecards, watchlists, and performance reviews.
  • Partner with Investment Advisory teams to ensure suitability and alignment with client needs.
  • Drive continuous enhancement of the Bank's investment offering.

Wealth Lending Solutions

  • Manage Lombard Lending and portfolio-backed financing propositions.
  • Define collateral eligibility frameworks, lending parameters, LTV structures, and risk controls.
  • Work closely with Credit Risk teams to develop lending policies and risk mitigation frameworks.
  • Oversee the end-to-end lending lifecycle, including onboarding, monitoring, margin management, and renewals.
  • Drive cross-sell opportunities between investment and lending products.

Partnerships & Vendor Management

  • Build and manage strategic relationships with leading Asset Management Companies, fund platforms, custodians, and investment partners.
  • Negotiate commercial agreements, fee structures, and access to preferred share classes.
  • Identify new investment partnerships that strengthen the Bank's Wealth proposition.
  • Ensure strong service standards and ongoing relationship governance.

Product Delivery & Execution

  • Lead product launches from concept through to implementation and commercialization.
  • Develop operating models, policies, procedures, and governance frameworks.
  • Partner with Technology, Operations, Compliance, Risk, and Distribution teams to ensure seamless execution.
  • Drive digitization and automation initiatives to improve scalability and customer experience.
  • Monitor performance through KPIs, management reporting, and commercial metrics.

Risk, Compliance & Governance

  • Ensure full compliance with regulatory requirements and internal governance standards.
  • Maintain robust product governance frameworks across investments and wealth lending.
  • Ensure suitability, disclosure, documentation, and client protection standards are upheld.
  • Manage market, credit, operational, and product risks in partnership with relevant stakeholders.
  • Maintain strong controls and audit readiness across all product activities.

Sales Enablement & Client Engagement

  • Partner with Relationship Managers and Investment Advisors to drive product penetration and sales.
  • Develop investment themes, campaigns, product propositions, and client content.
  • Deliver training, market updates, and ongoing knowledge-sharing sessions.
  • Support frontline teams with client presentations, portfolio insights, and product expertise.
  • Utilize client feedback and market intelligence to continuously refine the proposition.

What We're Looking For:

Education

  • Bachelor's Degree in Finance, Business Administration, Economics, or a related discipline.
  • CFA, CWM, CAIA, or similar professional qualifications are highly advantageous.

Experience

  • 7-10+ years of experience within Wealth Management, Investment Products, Product Development, Investment Advisory, Asset Management, or Financial Services.
  • Strong experience managing mutual funds, investment platforms, or wealth products.
  • Exposure to wealth lending, Lombard Lending, portfolio financing, or secured lending structures is highly desirable.
  • Proven track record of developing and growing investment products and strategic partnerships.

Industry Exposure

  • Strong understanding of financial markets, investment products, and wealth management trends.
  • Experience conducting fund due diligence and manager selection.
  • Knowledge of wealth lending structures and credit fundamentals.
  • Familiarity with regulatory requirements relating to investments and wealth products.

What’s In It For You:

  • Competitive, performance-linked compensation.
  • Medical coverage for you and your family.
  • Comprehensive life insurance.
  • Opportunity to shape the future of Wealth Management at one of the UAE's leading banks.
  • Exposure to leading global asset managers and investment platforms.
  • A dynamic environment focused on innovation, growth, and customer excellence.
  • Strong career progression opportunities within a high-growth business.

Skills:

  • Investment Expertise: Strong knowledge of mutual funds, portfolio construction, and investment analysis.
  • Wealth Lending Knowledge: Understanding of Lombard Lending, portfolio-backed financing, and secured lending structures.
  • Analytical Thinking: Ability to evaluate fund performance, risk metrics, and commercial opportunities.
  • Stakeholder Management: Strong relationship-building skills across internal and external stakeholders.
  • Commercial Acumen: Ability to drive revenue growth, product adoption, and profitability.
  • Communication & Influence: Strong presentation, negotiation, and client-facing skills.

Skills

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