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External Manager Selection Professional

Public Investment Fund (PIF) · Riyadh, Saudi Arabia

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PIF is seeking a candidate to join International Investments team to contribute to the identification, evaluation, selection, and ongoing monitoring of external investment managers across public equity, fixed income, and alternative asset strategies. The role carries out comprehensive qualitative and quantitative research and full institutional due diligence, ensuring that appointed external managers are delivering on their mandate as well as meeting PIF’s investment, operational, and governance standards.Specialized AccountabilitiesIdentify and screen prospective external managers against investment objectives, mandate specifications, and portfolio requirements across public equity, fixed income, and/or alternative strategies.Contribute to the qualitative research covering investment philosophy, investment process, portfolio construction, research capabilities, teams’ stability, ownership structure, and organizational alignment. Contribute to the quantitative analysis of performance history, attribution, risk-adjusted returns, portfolio exposures, and consistency across market environments.Conduct institutional investment due diligence, including manager meetings, site visits, and discussions with investment teams and senior leadership. Support investment execution due diligence, including review of legal, tax, operational, compliance, and other implementation considerations, working with specialist within PIF and/or external. Monitor existing managers, including performance, organizational changes, risk exposures, and mandate adherence.Support manager terminations, replacements, and transitions where required.Prepare investment proposals, recommendations, and memos.Contribute to representing PIF International Investments at conferences and industry events related to international public markets.Prepare presentations and updates pertaining to International Public Investments proposals and performance for PIF Committees and Executive Management and contribute to the preparation of internal update reports and required updates for the PIF Board and related committees and/or other entities.Common AccountabilitiesImplement operational excellence improvement initiatives and propose improvements on systems, processes and practices considering international leading practices, in order to continuously enhance the organizational effectiveness and business performance.Support the development of policies, systems, processes, procedures, and controls as requested or propose relevant enhancements as needed, ensuring alignment and adherence to any relevant compliance, risk, audit, cybersecurity, and regulatory requirements.Qualifications / Years of ExperienceMinimum: Bachelors in Finance, Economics, Investments, Business Administration, Statistics, or related discipline.A relevant postgraduate degree is an advantage.5-7 years of relevant experience.Chartered Financial Analyst (CFA) designation or progress towards completion is an advantage.Relevant additional qualifications, such as Chartered Alternative Investment Analyst (CAIA) or Certificate in Investment Performance Measurement (CIPM) are an advantage.Personal CompetenciesGood communication skills (written and oral) with the ability to convince the stakeholders.Ability to establish credibility with stakeholders.Ability to adapt to rapidly changing business needs.Strong organizational/project management skills, the ability to manage and achieve multiple deadlines.Ability to motivate, guide, and inspire others to achieve common goals and vision.