Job Purpose

The Investment Associate supports the management of BAM’s unit trust funds and segregated mandates. The role carries out research and analysis on fixed income, equity and money market instruments; monitors portfolios against fund mandates, Investment Policy Statements (IPS) and Capital Markets Authority (CMA) investment limits; supports fund valuation, trade execution and investment committee papers; and prepares client, Board and Trustee reports.

Key Responsibilities

• Research and analysis: Conduct research and analysis on fixed income (government and corporate bonds), equities and money market instruments, including macroeconomic, interest-rate, issuer and company analysis, to support investment recommendations.
• Financial modelling: Build and maintain financial, valuation, yield and pricing models for securities under consideration or held in the portfolios.
• Market monitoring: Track market developments, including Treasury auctions and secondary market activity, and prepare regular market updates for the investment team.
• Portfolio monitoring: Monitor unit trust funds and segregated mandates against fund mandates, Investment Policy Statements (IPS) and CMA investment limits, promptly flagging and escalating any actual or potential breaches.
• Portfolio performance: Track asset allocation, liquidity, duration, concentration and performance against benchmarks, and recommend rebalancing where required.
• Fund valuation and pricing: Support daily fund valuation and pricing, and reconcile positions and valuations with the custodian and fund administration teams.
• Trade execution and settlement: Support trade execution, including preparing trade instructions, obtaining approvals and confirming settlement with brokers, counterparties and the custodian.
• Investment committee support: Prepare investment committee papers, investment proposals and portfolio reviews.
• Reporting: Prepare and coordinate periodic client reports, fund fact sheets, and Board and Trustee reports on fund performance, portfolio composition and compliance.
• Client and Trustee support: Respond to client and Trustee queries on portfolio holdings and performance.
• Records management and audit support: Maintain accurate investment records and support internal, external and regulatory audits and CMA returns.

Knowledge, experience and qualifications required

Qualifications

• Bachelor’s degree in Finance, Economics, Accounting, Business, Actuarial Science, Statistics or a related field.
• Progress towards the CFA (or an equivalent professional qualification such as ACCA or CPA) is required.
• Must be eligible for licensing by the Capital Markets Authority (CMA) Uganda.

Knowledge and Experience

• 3–5 years’ experience in investment analysis, fund or asset management, treasury, securities brokerage or a related role in financial services.
• Good understanding of fixed income, equity and money market instruments, the Uganda capital markets, and the CMA framework for collective investment schemes.
• Ability to analyse financial statements and build financial and valuation models.
• Experience and/or knowledge of institutional funds management issues is an advantage.
• Strong Microsoft Office skills, particularly Excel.
• Excellent organisational skills related to time management, multi-tasking and prioritising.
• Excellent written and verbal communication skills, with the ability to communicate with people in a variety of positions internally and externally.
• Must be a team player who works well under pressure and deadlines.
• Ability to work independently and take ownership of the role, whilst supporting the wider team.
• Strong attention to detail and a high level of integrity, given the fiduciary nature of fund management.

• Conduct research and analysis on fixed income (government and corporate bonds), equities and money market instruments, including macroeconomic, interest-rate, issuer and company analysis, to support investment recommendations.
• Build and maintain financial, valuation, yield and pricing models for securities under consideration or held in the portfolios.
• Track market developments, including Treasury auctions and secondary market activity, and prepare regular market updates for the investment team.
• Monitor unit trust funds and segregated mandates against fund mandates, Investment Policy Statements (IPS) and CMA investment limits, promptly flagging and escalating any actual or potential breaches.
• Track asset allocation, liquidity, duration, concentration and performance against benchmarks, and recommend rebalancing where required.
• Support daily fund valuation and pricing, and reconcile positions and valuations with the custodian and fund administration teams.
• Support trade execution, including preparing trade instructions, obtaining approvals and confirming settlement with brokers, counterparties and the custodian.
• Prepare investment committee papers, investment proposals and portfolio reviews.
• Prepare and coordinate periodic client reports, fund fact sheets, and Board and Trustee reports on fund performance, portfolio composition and compliance.
• Respond to client and Trustee queries on portfolio holdings and performance.
• Maintain accurate investment records and support internal, external and regulatory audits and CMA returns.

• Research and analysis of fixed income, equity and money market instruments
• Financial statement analysis
• Financial, valuation, yield and pricing modelling
• Portfolio monitoring and performance analysis
• Understanding of Uganda capital markets and the CMA framework for collective investment schemes
• Microsoft Office, particularly Excel
• Time management, multitasking and prioritising
• Written and verbal communication
• Teamwork and ability to work under pressure and deadlines
• Ability to work independently and take ownership
• Attention to detail and integrity

• Bachelor’s degree in Finance, Economics, Accounting, Business, Actuarial Science, Statistics or a related field.
• Progress towards the CFA (or an equivalent professional qualification such as ACCA or CPA) is required.
• Must be eligible for licensing by the Capital Markets Authority (CMA) Uganda.