Job Opportunities at Morningstar

The Role:   

• We are looking for an Associate Investment Analyst to join our Multi Asset Portfolio Management team in Cape Town. You will contribute to the success of our multi asset portfolios by supporting portfolio managers responsible for managing funds and platform based managed portfolios for clients of financial advisers.  
• You will also be involved in fund research and selection, trading, portfolio implementation, performance attribution and client reporting. These activities are typically undertaken as part of a small team with a shared responsibility for the outcome. Alongside these varied daily activities, you will contribute to longer term projects as we continually improve our investment methodologies and processes. A passion for investing, intellectual curiosity and a commitment to our mission are essential for this role, alongside the knowledge, experience, skills and character necessary to be comfortable as part of a high-performance team. This role that will report into MIM SA Head of Investments.

 Job Responsibilities  

• Support portfolio managers to construct multi asset portfolios that are consistent with MIM’s capital markets and manager research views and aligned to Morningstar’s investment principles. 
• Support portfolio managers to keep portfolios in structure by managing cashflows, rebalancing and implementing changes in target weights in a timely, cost effective and compliant manner. 
• Support portfolio managers in monitoring portfolio drifts and performing risk and attribution analysis. 
• Research third-party investment managers, update and present quarterly reports, and maintain ongoing coverage of buy and approved list funds and strategies. 
• Support investment and client reporting activity, including written commentary on markets, funds and portfolios. 
• Contribute to the external profile for MIM as a thought leadership brand through publications and media engagement. 
• Contribute to the relationship management with South African financial advisers.  

Qualifications  

• Post graduate degree education in Mathematics / Statistics / Finance / Economics, with either completion of, or willingness to pursue, CFA studies preferred. 
• 1 – 3 years investment and / or financial services experience preferred. 
• Strong quantitative skills with foundational coding abilities using Python and other programming languages. 
• Comfortable working in a high-performance environment with a desire for continuous learning. 
• Independent minded with demonstrable evidence of passion for investments and capital markets. 
• Desire to work in a team-based environment and willingness to contribute to investment ideas. 
• A commitment to putting end investors first in all situations. 

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The Role:  is based out of Morningstar’s Cape Town office and reports to the Compliance Officer, who is based in Johannesburg. This role is suitable for entry level candidates looking to forge a career in financial services compliance.  The role will enable the successful candidate to gain generalist knowledge and experience in the compliance oversight of a well-established discretionary fund manager. 

Key Responsibilities: Assisting South African based Compliance Officer by performing certain activities pertaining to the firm and regional, compliance framework. Those activities include but are not limited to:

• Supporting the central Compliance controls team to enable monitoring and testing, policy management, and conflicts of interest;
• Review marketing materials, client presentations and websites to enable compliance with regulatory requirements;
• Assist in the creation and maintenance of files/records required to be compliant with regulatory requirements;
• Assist the Compliance Officer with privacy and data protection tasks including the review of the internal policies and procedures, testing the effectiveness of the controls in place, etc.;
• Maintain and update the compliance calendar of all regulatory filings and reporting;
• Assist in gathering internal information in response to regulatory requests, as directed by the Compliance Officer;
• Perform various general administrative duties such as file creation and maintenance on related compliance projects and initiatives;
• Maintain associated Compliance registers;
• Manage the Supervisory process, including drafting supervision agreements, assisting with supervision reports, etc.
• Assist in the creation and maintenance of client agreements;
• Support the client onboarding processes;
• Conduct due diligence reviews;
• Carry out horizon scanning for regulatory developments applicable to firm activities;
• Carry out monthly investment management mandate reviews; and
• Support the Compliance Officer with any other tasks, initiatives, or projects, as directed.    

Requirements:

• Open to graduates with no industry experience. However, industry experience would be desirable.
• Fundamental knowledge of the South African regulatory environment and requirements. Beneficial if the Candidate has experience in both the Financial Intelligence Centre Act and the Financial Advisory Services Act.
• Ability to work independently and as part of a local and regional team.
• Be detail-oriented, motivated and an independent thinker with strong problem solving ability.
• Motivated to complete administrative tasks.
• Confident to engage appropriately with employees at all levels across the organisation. 
• Able to work under pressure, multi-task and deliver required output on time.
• Strong verbal and written communication skills, with the ability to communicate information clearly and concisely.
• High level of proficiency in Microsoft Office applications, particularly Excel. 
• Knowledge of third-party verification provider systems would be desirable.