Director, Investments Department

The Director of the Investments Department is responsible for overseeing the Bank’s investment portfolios, including OCR and Non-OCR Funds, Direct Equity, Investment Funds, and Awqaf Funds. The role involves hands‑on portfolio management in active and passive asset management in multiple asset classes, managing and overseeing External Fund Managers (EFMs) and Awqaf sector initiatives. It requires strategically optimizing risk‑adjusted returns, ensuring compliance with regulatory standards, and leading tactical asset allocation to enhance investment performance.

Additionally, the Director drives macroeconomic analysis impacting investments, transaction compliance, valuation analytics, investment operations, and legal structuring, while overseeing relationships with Global Custodians, ensuring IT integration between EFMs and internal systems, and facilitating policy improvements.

Strategic Responsibilities (Long‑term planning, governance, policy alignment):

• Define and lead investment strategies, ensuring optimal risk‑adjusted returns across OCR, Non‑OCR portfolios, and Awqaf investments.
• Collaborate with internal units and departments to refine and enhance the Bank’s investment policies and processes, including Awqaf Fund strategies.
• Review Strategic Asset Allocation (SAA) and submit mid‑term policy updates and risk budget recommendations.
• Oversee ESG framework implementation across investments, enhancing responsible and sustainable investing.
• Manage relationships with Global Custodians, ensuring portfolio guidelines, compliance, risk, and performance parameters are correctly configured.
• Ensure proper sourcing and validation of benchmarks data, maintaining portfolio alignment with investment objectives.
• Lead the development and approval of the Annual Work Plan and Budget, ensuring strategic alignment and optimal resource allocation.
• Oversee the Awqaf Fund Portfolio, following up with stakeholders on required actions.
• Formulate sector strategies for Awqaf Funds, contribute to establishing International Awqaf Development Institutions, and facilitate new dedicated Awqaf Funds under the Bank’s oversight.
• Prepare and deliver regular reports that integrate portfolio analytics, market outlooks, and strategic assessments. Evaluate macroeconomic trends, geopolitical risks, and investment implications on a quarterly and ad‑hoc basis. Ensure reporting captures tactical portfolio adjustments, risk exposures, and performance outcomes, supporting strategic decision‑making in alignment with investment mandates and governance expectations. (i.e., analytical and forward‑looking, connecting portfolio performance with broader investment strategy and market dynamics).
• Implement tactical asset allocation strategies, portfolio rebalancing, and liquidity optimization.
• Monitor and report on EFMs, ensuring their adherence to investment mandates, risk budgets, and performance expectations.
• Validate Net Asset Values (NAV) and reconcile valuations between Global Custodians and EFMs, ensuring accuracy in private funds and direct equity holdings.
• Oversee sourcing of benchmarks data and communicate portfolio guideline changes at the IPS level and EFM level.
• Manage direct equity exits, redeploy proceeds with EFMs, and optimize portfolio liquidity.
• Conduct Awqaf‑related investments and marketing activities, supporting outreach and investment mobilization efforts.

Operational Responsibilities (Transaction processing, compliance, legal structuring, system optimization):

• Portfolio Operations:
  Plan and process cash transfers, drawdowns, corporate actions, and tactical cash allocations via internal systems (Mysis) and Global Custodian systems.
• Lead KYC, KYT, and AML compliance for new and existing investments, ensuring risk adherence across EFMs, Global Custodians, and transfer agents.
• Manage onboarding of EFMs with Global Custodian, assisting managers with operational issues related to custodial services and compliance.
• Ensure risk, compliance, and performance reports are properly configured, periodically verified, and aligned with portfolio parameters.
• Execute investment transactions, coordinating legal…