Non-discretionary portfolio management

Islamic Capital Market

2.1.5 Non-discretionary portfolio management

Description of role

Responsible for passively managing client portfolios by understanding the basic features and characteristics of products and investment concepts in the capital markets to monitor and execute buy / sell orders on their behalf

Core skills

Ability to identify sources of market data and guidelines and evaluate the accuracy, currency, relevance and reliability of market data
Ability to analyse market data correctly to draw meaningful information
Ability to conduct verification checks on client’s purchase and sale orders obtained from portfolio managers
Ability to execute trade orders and follow up on completion
Ability to prepare broker’s performance reports
Ability to assess trade orders execution processes to ensure efficiency and compliance with organisation’s policies and procedures
Ability to review portfolio and monitor asset level performance, including asset manager audits on asset performance and reporting capabilities, reviewing cash flow projections and financial reports to ensure portfolio feasibility and profitability

Qualification and/ or certification

QFSQF Level 3
Professional certification desirable (e.g. CFA, FINRA, Series 7)
Relevant experience

Industry knowledge

Knowledge of basic features and characteristics of capital markets products and investment concepts suitable for clients

Regulatory compliance of role

Knowledge of applicable laws, regulations, rules and codes of conduct

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