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An established industry player is seeking a Managing Director to lead its investment companies. This role requires a dynamic individual with a strong background in business management and finance, complemented by extensive experience in the financial services sector. The successful candidate will motivate and mentor teams, ensure compliance with regulatory standards, and drive business growth through strategic planning and effective resource management. This is an exciting opportunity to shape the future of a forward-thinking organization and make a significant impact in the investment landscape.
We are looking for a MD that's able to lead and manage a Group's investment companies to ensure achievement of objectives.
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:
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.
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 throughout the division.
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.
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.
Identify areas where opportunities exist for business expansion.
Drive business negotiations and liaison process.
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.