Associate Principal

2 weeks ago


Abu Dhabi, Abu Dhabi, United Arab Emirates Abu Dhabi Investment Council (ADIC) Full time

Job Description - Associate Principal / Principal - Economics and Fixed Income (240071)

Description

  • Responsible for providing analyses and recommendations for taking actions as required regarding Strategic and Dynamic Portfolio Management issues within the global fixed income and asset allocation and the Council's mandated risk and return parameters.
  • Responsible for researching and making both strategic and tactical recommendations to the Head of Economics and Fixed Income for all areas of the global fixed income and inflation markets, covering both developed and emerging markets.
  • Create an automated and systematic framework to identify tactical opportunities in financial markets and systematic dynamic models to boost Strategy's alpha potential, including dynamic asset allocation models.
  • Develop models to predict key macroeconomic variables, which will have a significant impact on asset prices. For example, develop a model to predict inflation using AI/Machine Learning.
  • Develop a full suite of positioning indicators to help manage our positions effectively and understand risk more effectively.
  • Initiate and monitor all futures, options, and swap positions and physical services in these fields required for the Strategy fixed income/inflation positions and the overlay portfolio within the mandated risk and return parameters.
  • Fully automate the process of building orders in the system.
  • Responsible for researching, analyzing, and recommending appropriate market and risk measures in these fields to effectively monitor the Council portfolio in these areas, and for the day-to-day monitoring of the valuation and risk measurements selected.
  • Undertake a lead role in analyzing and developing recommendations for the bi-annual Strategy Portfolio as directed by the Head of Economics and Fixed Income by gathering data and producing relevant reports for decision making in these fields.
  • Work closely with the relevant Council Executive Directors and Chief Investment Officers on the day-to-day issues involved with implementing the Council Strategic Portfolio and tactical positions in these fields including monitoring the investment pipeline in each relevant Department.
  • Work closely and collaboratively with the professional staff in the Risk Unit to address, manage, and resolve issues overlapping the responsibilities of the Strategy and Risk Units.
  • Provide expertise, analysis, and leadership in performing strategy research in these fields as directed by the Head of Economics and Fixed Income.
  • Supervise and provide on-the-job training to designated junior staff.
  • Carry out other similar or related duties as assigned.

Qualifications

  • University Degree in a technical subject (mathematics, physics, engineering, or economics).
  • Masters level University Degree in economics, econometrics, or mathematics; or an MBA with a concentration in investments or finance from a well-respected University.
  • CFA or equivalent.
  • Relevant investment experience with necessary qualifications (relevant: in-depth experience in these specific investment fields).
  • Experience in major global sell/buy side institutions a significant plus.
  • Sound knowledge of and practical experience with a wide range of securities and derivatives as well as a thorough understanding of fundamental and theoretical factors that affect pricing, performance, and risk. This is particularly important for complex instruments such as options and OTC derivatives.
  • Good understanding of quantitative investment metrics including, but not limited to, risk measures and analytics, risk budgeting, scenario analysis, AaR analyses, and benchmark risk analysis including tracking error.
Primary Location

Al Bahr Towers 1 Al Bahr Towers, Shaikh Zayed bin Sultan Street, Abu Dhabi 61999

Organization

Abu Dhabi Investment Council Company PJSC

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