SEO & Head Middle East & Africa

Financial Services; Dubai; On-site; AED 200,000 - 300,000; Full time

Job summary

Join Financial Services as a leader in Dubai, overseeing P & L responsibilities for the Dubai Subsidiary while developing and monitoring financial strategies. This role demands collaboration with regulators and execution of corporate strategies to achieve business goals.

The successful candidate will address the challenges of selling in a competitive market, manage compliance with regulatory bodies, and focus on business growth and profitability.

Qualifications

• Experience in financial management responsibilities.
• Familiarity with investment management in emerging markets.
• Ability to navigate regulatory environments.

Responsibilities

• Manage P & L responsibilities for the Dubai Subsidiary.
• Develop and monitor financial strategies.
• Collaborate with regulators and other stakeholders.

Skills

Financial analysis

Strategic planning

Regulatory compliance

Investment management

Market analysis

Job description

Job Purpose

P & L responsibility of Dubai Subsidiary along with developing & monitoring strategies for ensuring the long term financial viability of the organisation. Planning and budgeting of the key deliverables of the business & implement the strategic goals & objectives of Dubai Subsidiary.

Job Context

• Implement corporate strategy approved by BOD brand equity planning external contacts & other management matters.
• Achieve the annual business projections risk exposures & overall financial matters.
• Responsible for the day-to-day management supervision & control of all parts of Firms Financial Services carried on in DIFC.
• Enforcement of policies & procedures.
• Recommending new strategies initiatives & technological matters to the board.
• Coordinating with various regulators across GCC Africa and UK & EMEA region for rules of engagements with respect to our business.
• Deal with DFSA in an open & cooperative manner.

Job Challenges

• Trying to sell investment opportunities in a single country (India) within emerging market space especially in the midst of global crises & risk aversion across client segments.
• Competing with global players within the same asset category for all the products.
• Operating in a complex & dynamic global business environment which is very different from domestic.
• Frequent changes in the regulatory environment in India for FIIs & FDI.
• Longer lead time for platform & product approvals at global distributors end.
• Longer lead time for internal approvals.
• Attracting and building confidence in the distribution and Institutional client segment in the region about the investment management capabilities of ABSLAMC across Equity & Fixed Income.
• Retaining and motivating top talent in the team as multiple lucrative opportunities exist in the market.
• Create market leadership with sustainable profitability in a high growth and competitive environment where competition has a higher appetite for risk making them more attractive in the short run.
• Trying to win mandates in the institutional clients segment
• Engaging distributors with product ideas communication & education given the presence of multiple competitive products in the market.

Key Result Areas

• KRA1: Achieve the business development and sales targets for the U.K. & EMEA Geography across channels and asset classes.
  • Plan the target numbers for geographies and channels in terms of AUM growth and market share, obtain the management buy-in and communicate them to the sales team.
  • Ensure that team structure mirror the structures of our distribution channel for better relationships.
  • Facilitate market visibility of existing products.
• KRA2: Expand and develop Institutional client coverage & distribution network.
  • Target new Institutional clients across the region (SWFs Pension funds FOs Insurance companies & other Asset Managers).
  • Target new distributors that do not sell the organisations products.
  • Differentiate and develop distributors through new product ideas market update presentations events etc.
• KRA3: Implement new product ideas and reposition existing products to suit the appetite of the distribution/investor community in the region.
  • Suggest to the Product Development Team & structuring team on New Ideas through a feasibility plan.
  • Ensure that the new products meet with all legal and regulatory compliances as applicable.
  • Ensure that new products are supported with an adequate marketing and branding plan.
• KRA4: Profitability for the organisation to ensure growth in top line as well as bottom line.
  • Develop appropriate pricing strategies for products.
  • Effective management of costs such as distribution and overhead costs new initiative and product launch costs etc.
• KRA5: That all legal compliance/regulatory clearances are in order for all operations of the Off-Shore business and minimise any business / operational risk through deployment of risk management measures.
  • Consult with legal/compliance/regulatory authorities for all clearances.
  • Keep track of changes in the regulations which may impact our operations and make changes accordingly.
  • Define processes which aim at minimising business/operational risks.
  • Conduct periodic audit on risk management and take appropriate measures where required.
• KRA6: Ensuring Compliance with all legislations applicable in the DIFC during conduct of the licensed Financial Services in and from the DIFC office.
  • Ensuring observance of proper standards of conduct in while providing financial services in the financial markets.
  • Ultimately responsible for the discharge of duties by the licensed functions of Compliance Officer MLRO / DMLRO and Finance officer as per the Principles set out by the DFSA.
• KRA7: Responsible for due discharge of duties by the Finance Officer and adherence to DFSA mandated Prudential Investment Insurance Intermediary and Banking rules (PIB) which covers mandatory Capital requirements Quarterly / Annual returns and maintenance of accounts.
• KRA8: Employee satisfaction and retention of the Team.
  • Ensure appropriate Goal setting / target planning is done and communicated.
  • Plan for careers and growth of team members.
  • Highlight team concerns and ensure redressal of the same.
  • Build a culture of openness and transparency.

Required Experience

Exec