About the position
We are looking for a MD that's able to lead and manage a Group’s investment companies to ensure achievement of objectives.
Your:
Formal Education:
- Relevant degree in business management or finance, preferably complemented with an investment management qualification;
Experience:
- At least 12 years relevant experience in the financial services industry;
Critical Competencies:
- Technical competency – a broad understanding of all areas of management, including knowledge of investment management, finance, legal, regulatory, marketing and communication, strategic planning, human resources and information technology;
- Knowledge of commercial law and other legislation relevant to the company’s area of business;
- Ability to multitask and delegate;
- Teamwork and collaboration;
- Superb management, leadership and motivational skills.;Sharp commercial and strategic thinking.
- Long-term vision;
- Problem solving ability;
- Ability to analyze and evaluate information;
- Excellent written and oral communication skills;
will enable you to:
People:
- Leadership;
- Motivate and mentor team members;
- Advocate policies and procedures concerning employees
- Motivate, guide and lead the division as a team;
- Implement the Employment Equity policy.
Processes:
- Execute the responsibilities of a Managing Director according to lawful and ethical standards;
- Effectively manage the human capital of the division according to authorized personnel policies and procedures that fully conform to current laws and regulations;
- Identify, develop and direct the implementation of the division’s strategy;
- Plan and direct the division’s activities to achieve stated/agreed targets and standards;
- Oversee the investment philosophy and process across the range of investment solutions offered by the division;
- Maintain and develop organizational culture, values and reputation in its markets and with all staff, contractors, advisors, clients, suppliers, partners and regulatory/official bodies;
- Report to WRI CEO on organizational plans and performance, with a specific focus on consolidation and co-operation;
- Analyze and develop distribution channels;
- In conjunction with the National Executive: Finance, maintain the division’s financial performance;
- In conjunction with the Group Marketing and Sales division and other companies within the WRI cluster and group, maintain existing and develop new products and solutions, as and when required;
- In conjunction with Group Marketing and Sales division, plan marketing, advertising and promotional campaigns;
- In conjunction with Group Marketing and Sales division, plan and develop sales activities;
- Recruit, select and develop subordinate team members;
- Ensure sustainable succession planning through-out the division.
Technology:
- Coordinate the development, implementation, training and maintenance of the various systems and tools required by the business;
- Specifically ensure adherence to Group IT and IT security policies.
Finance /Growth:
- Prepare annual budget for division and prudently manage company’s resources within those budget guidelines;
- Monitor and report on division’s operational and financial performance on a monthly, quarterly and annual basis.
Marketing:
- Identify areas where opportunities exist for business expansion.
- Drive business negotiations and liaison process.
Regulatory:
- Comply with the fit and proper requirements as prescribed in FAIS;
- Licensed as a Key Individual for all category II products;
- Absolute focus on the fair treatment of clients;
- Ensure compliance (to the extent applicable) with FAIS, FICA, POPIA and any other relevant pieces of legislation or regulations applicable to the company’s area of expertise;
- Liaise and co-operate with the Group compliance function on a continuous basis.
Desired Skills:
- MANAGING
- DIRECTOR
- INVESTMENT
