Product Specialist, Alternative Investments (AVP)
OCBC · Singapore · 2mo ago
Bank of Singapore opens doors to new opportunities.
At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional and personal levels. Besides attractive remuneration packages, we offer non-financial benefits and opportunities to develop your potential within OCBC Group’s global network of subsidiaries and offices. If you have passion, drive and the will to succeed, rise to the challenge today!
General Description
Bank of Singapore (“BOS”) is a wholly owned subsidiary of OCBC Bank, Southeast Asia’s second largest bank. Headquartered in Singapore, Bank of Singapore is one of the fastest growing private banks in Asia.
The Chief Investment Office is responsible for the Bank's wealth and asset management portfolios – including investment strategy (macroeconomics, equities, fixed income and foreign exchange), portfolio strategy, discretionary portfolio management (“DPM”), advisory portfolio management (“APM”), portfolio risk and performance, mutual and alternative funds due diligence and selection, and product management.
The Alternative Investments team is responsible for the identification (origination), selection, onboarding & due diligence, distribution and post-sales monitoring of third party, professionally managed, private market fund investment opportunities (including private equity, private credit, private co-investments, infrastructure and private real assets investments) and the discretionary portfolio management of such funds.
Job Description
This new hire will assist the AI team in the build-out of Private Market including, but not limited to:
Originating, sourcing and due diligence for Private Market funds including open-ended and close-ended opportunities and maintaining a pipeline of Private Market opportunities for clients
Portfolio management services for Private markets including discretionary and advisory portfolio management
Performing investment and operational due diligence and assessment of fund providers, performing and leading Private Market on-boarding workstreams, including but not limited to, financial, operational, tax and legal due diligence and the completion of relevant internal checklists and processes for on-boarding, all in compliance with internal BOS policies and procedures and regulatory expectations;
Reviewing and negotiating agreements, offering memoranda and documentation relating to the on-boarding and distribution of Private Market by BOS;
Managing and liaising with legal, compliance, tax advisors and other service providers for the negotiation and drafting of legal documentation relating to Private Market
Preparing the internal BOS operations process and support for subscriptions, closings, capital calls, distributions, other related corporate actions and reporting processes for Private Market, as necessary;
Preparing materials, completing relevant checklists and managing the internal approval process for the on-boarding and distribution of Private Market by BOS (including for presentation to Investment Committees), in addition to obtaining external approvals from any relevant regulatory or other relevant bodies;
Managing BOS bank-wide marketing materials and distribution of Private Market to BOS front office staff including relevant product and risk disclosures.
Teach-ins and presentations to Front Office and clients (including, but not limited to, launch materials, education materials, coordinating presentations by Private Markets to front office staff or clients);
Providing insights relating to Private Market for BOS clients in the context of changing macroeconomic and investment environment and representing CIO Alternative Investments as key spokesperson in client engagements & communication
Supporting the education and training of internal parties, relationship managers and clients across Private Market and strategies, and allocation to Private Market to build fluent knowledge of Private Market on the BOS platform;
After-sales for private market investments including monitoring and reporting of Private Market investment performance, any market related activity impacting Private Market and continual assessment of fund eligibility on the BOS platform. Formulating any required follow up with BOS stakeholders including but not limited to investment/product advisors, relationship managers or other internal stakeholders;
Preparing investment memos related to Private Market fund updates and other thematic discussion topics from time to time.
Lead product innovation/strategic partnerships and manage relationships with fund houses; and
Lead or participate in cross-departmental projects related to funds including other BOS regional offices and OCBC partners.
Work Experience Requirements
Minimum of 5-8 years work experience in Asset Management/Private Bank as a product specialist, with experience in client engagement and customer experience
Strong investment background, with solid knowledge of alternatives investments products
Comfortable to present investment ideas to a varied set of audience (internal and external)
Proven analytical capabilities and data analysis skill set
Exceptional communication and writing skills – Preferred to have specific experience drafting detailed investment analyses
Clear articulation capability of sophisticated concepts, ideas, and processes is required
Proficiency with Excel, PowerPoint, and Word.
Experience/ Interest to develop skill set in Power BI or other business intelligence platforms
Self-starter with high level of attention to detail, while staying adaptable to tight deadlines
Desire and ability to be part of a dynamic team; a strong team-player orientation is critical
Education Requirements
Undergraduate or Graduate education from a prestigious institution with specialization in finance, accounting, or other analytical fields
CFA/CAIA holder will be an advantage