Associate, EFM
Apply now »Date: 26 May 2023
Location: Kuala Lumpur, MY, Malaysia
Company: Khazanah Nasional Berhad
Job Purpose
- Manage and execute equities outsourcing mandates globally to achieve Khazanah’s overall long-term Strategic Asset Allocation and target return, as agreed with Managing Director, Head of Commercial Fund and Head of Public Market; and
- Manage and monitor external fund managers’ performances and risk-return targets.
Job Description
EFM selection
- Manage the overall funds outsourcing mandate on an ongoing basis by conducting screening, due diligence exercises to identify suitable fund houses to manage Khazanah funds regionally.
- Formulate and implement processes and procedures to select EFMs which include analysing potential managers’ ex-post performances and other qualitative criterias, interview, engage and due diligence potential managers.
- Liase with internal and external parties to onboard selected managers including reviewing and negotiating fee structure, Investor Management Agreements, TOEs where applicable.
- Create and maintain database of potential managers in each region.
EFM Management and Monitoring
- Review EFMs' performances through regular engagement / discussion to ensure that EFMs are managing Khazanah funds appropriately to meet target returns.
- Perform performance analysis periodically (such as Sharpe Ratio, standard deviation and other performance metrics where applicable).
- Provide regular updates on EFMs’ performances including presenting to the Investment Committee where applicable.
- Counsel and provide strategic advice to the team leads and Head of Public Market regarding the latest EFM related trends and competitive landscape, as and when required.
- Share with the wider investment team researches on managers and/or views or insights obtained via engagement with managers.
- Participate in and contribute to weekly Public Market business unit’s meetings and/ or investment recommendation meetings.
Stakeholder Management
- Maintain positive relationships with senior leaders and key stakeholders within the organization, and related external parties to build and nurture strategic long term relationships.
- Work closely with external managers, consultants, brokers, external counsels and other divisions within Khazanah (where applicable) to achieve optimal performance.
Job Requirements
Preferred industry exposure, in:
- Manager researcher / Consultant
- Asset allocation; and/or
- Equity Research; and/or
- Portfolio Management
Skill and Knowledge:
- Manager researching skills;
- Asset allocation and/or macro knowledge;
- Portfolio analytics; and
- Capable for building and maintaining effective networking with asset managers, asset owners, and other stakeholders.
Education/Certifications
Degree / CIPM / CFA