Portfolio Manager Equities

Role purpose\:

Responsible for managing the portfolio to achieve risk-adjusted returns consistent with the Investment Policy Statement (IPS), regulatory requirements, and Asset–Liability Management (ALM) objectives; This will cover portfolio construction, security selection, execution, monitoring, reporting, and ongoing optimisation across approved asset class.

Key responsibilities\:

Portfolio Construction & Strategy

• Develop and implement portfolio strategies aligned to the IPS, ALM position, liquidity needs, capital constraints, and target returns.

• Construct and rebalance portfolios across approved asset classes (e.g., government securities, corporate bonds, money market, listed equities, collective investment schemes, alternatives where permitted).

• Optimise duration, credit exposure, sector allocation and currency (if applicable) to meet liability profile and risk appetite.

• Identify market opportunities and implement tactical positioning within approved limits.

Research, Security Selection & Due Diligence

• Perform fundamental and quantitative analysis to support investment decisions (macro, rates, credit, equity valuation, issuer analysis, et.c.

• Conduct due diligence on issuers, funds, brokers and counterparties; maintain approved list and monitor exposures.

• Prepare investment notes and recommendations for the Board and Management Investment Committee as required.

Trade Execution & Market Engagement

• Execute trades in line with mandates, best execution principles, dealing policies and delegated authorities.

• Build and maintain relationships with market counterparties (banks, brokers, fund managers, custodians, rating agencies) to access liquidity and market intelligence.

• Ensure accurate trade capture, confirmations, and settlement instructions in collaboration with Operations/Custody.

Risk Management, Compliance & Controls

• Monitor portfolio risks (market, credit, liquidity, concentration, duration, counterparty) and ensure adherence to limits and regulatory investment guidelines.

• Ensure compliance with internal policies (IPS, dealing, conflicts of interest, related party rules) and relevant regulatory authorities, i.e, IRA, CMA.

• Support stress testing, scenario analysis and ALM reviews; implement corrective actions where required.

Performance Measurement & Reporting

• Track performance versus benchmarks and objectives; attribute returns and explain drivers (allocation, selection, carry, duration, credit spread moves).

• Produce periodic investment reports for management, the Investment Committee and Board (performance, risk, compliance, ESG where applicable).

• Ensure accurate valuation inputs and collaborate with Finance on month-end processes, IFRS 9 classifications (where applicable), and investment income forecasting.

Stakeholder Management

• Partner with Actuarial, Risk, Finance and Business Units to align investment strategy to product guarantees, reserving assumptions and liquidity needs.

• Support audits, regulatory engagements and internal assurance reviews by providing timely data, documentation and responses.