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Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
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To support the discretionary model portfolio management process within a DFM/Wrap platform by ensuring accurate portfolio construction, analysis, implementation and oversight.
The role focuses on maintaining robust investment models, assisting with client portfolio comparisons and ensuring all portfolio changes are executed correctly and in line with mandate guidelines.
Key responsibilities will include amongst others the following:
- Portfolio Model Development: Define and maintain model portfolios aligned to CPI+ targets and ASISA categories; apply Regulation 28 and platform-specific constraints.
- Portfolio & Manager Analysis: Conduct detailed analysis of investment managers and portfolios, evaluating performance, risk-return characteristics, style consistency, and diversification to support robust investment decision-making.
- Compliance & Classification: Maintain real-time compliance validation against ASISA and Regulation 28; ensure liquidity and suitability checks for retirement products.
- Portfolio Implementation & Rebalancing: Execute model portfolio changes on Wrap platforms; apply drift-based rebalancing rules with transaction cost awareness.
- Performance Monitoring & Attribution: Track performance vs CPI+ targets; attribute returns to SAA, TAA, manager alpha, and macro regime shifts; prepare advisor-facing dashboards and visuals.
- Quantitative Analysis & Optimisation: Build return, volatility, and correlation matrices; develop Strategic Asset Allocation (SAA) using optimisation techniques (Mean-Variance, Black-Litterman); implement Tactical Asset Allocation (TAA) overlays based on macroeconomic regimes.
- Manager Selection & Blending: Screen managers using quantitative metrics (Sharpe, Sortino, downside deviation); blend managers to diversify alpha sources and manage tracking error.
Performance Metrics
- Accuracy and timeliness of portfolio construction deliverables.
- Quality of client portfolio comparisons and actionable insights.
- Compliance adherence and successful implementation of model portfolios.
Additional Responsibilities
- Conduct client portfolio comparisons and peer group analysis.
- Provide actionable insights to improve alignment with investment objectives.
- Support advisor queries on portfolio construction, performance, and compliance.
These responsibilities offer an overview of the role and are not confined or restricted solely to what is listed.
Qualifications and Experience required
- Bachelor’s degree in Finance, Investments, Economics, or related field.
- CFA or progress toward CFA designation preferred.
- 3–5 years’ experience in investment analysis, portfolio construction, or asset management.
- Advanced analytical skills; proficiency in Excel, R, or Python.
- Strong understanding of multi-asset investing, risk management, and macroeconomic analysis.
- Familiarity with ASISA categories, Regulation 28, and South African investment landscape.
- Excellent communication and presentation skills.
Skills
Accounting, Action Planning, Analytics Software, Budget Management, Client Management, Computer Literacy, Data Classification, Data Compilation, Evaluating Information, Numerical Aptitude, Oral Communications, Policies & Procedures, Professional Presentation
Competencies
Business Insight
Collaborates
Communicates Effectively
Decision Quality
Ensures Accountability
Financial Acumen
Instills Trust
Manages Complexity
Education
NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent
Closing Date
11 December 2025 , 23:59
The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.
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