Job Description

PRIMARY DUTIES

Monitoring  risks associated with the Petroleum Fund’s assets according to the requirements set by the Chief Risk Manager. Other duties include the following:

• monitor the mandates of external portfolio managers based on investment guidelines;

• review the Fund’s needed for cash or short-term liquidity instruments, and to determine how surplus funds should be invested;

• monitor the inflow of receipts against forecasts and to alert senior management where significant deviations from the forecasted amounts are experienced;

• develop a credit risk framework, including proposing credit risk limits for placement of funds with qualifying external institutions;

• monitor  the  portfolios  with  credit  risk,  dealing,  and  other  limits,  and  to  report  on breaches of this limit to BCTL's Management;

• perform daily market valuation of the actual portfolio;

• determine the rate of return on the actual and benchmark portfolios daily;

• assist  in  the  preparation  of  such  reports  as  may  be  required  by the Investment Committee;

• assist in the preparation of the periodic and annual reports of the Petroleum Fund through the provision of data and commentaries as may be required.

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Qualification:

The candidate should have at least a degree in accounting, financial management, business administration, numeracy (mathematic and  statistics) or other related field. The candidate should have excellent spoken and written in English and/or Portuguese as well as excellent in Microsoft Word and Excel as a condition. The candidate should have strong interpersonal skills with strong moral character and has good analytical skills.

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Report to:

Assistant Chief Risk Manager