We are looking for a MD that’s able to lead and manage a Group’s investment companies. 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.

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