Director, Investments Department

Overview

Title : Director, Investments Department

Requisition ID : 5360

Country : Saudi Arabia

Location : Jeddah, Kingdom of Saudi Arabia

Job Grade : M3

Contract Type : Fixed Term

Closing Date : 06-Oct-2025

Job Purpose

The Director of the Investments Department is responsible for overseeing the Bank’s investment portfolios, including OCR and Non-OCR Funds, Direct Equity, Investment Funds, and Awqaf Funds. The role involves hands-on portfolio management in active and passive asset management in multiple asset classes, managing and overseeing External Fund Managers (EFMs) and Awqaf sector initiatives. It requires strategically optimizing risk-adjusted returns, ensuring compliance with regulatory standards, and leading tactical asset allocation to enhance investment performance. Additionally, the Director drives macroeconomic analysis impacting investments, transaction compliance, valuation analytics, investment operations, and legal structuring, while overseeing relationships with Global Custodians, ensuring IT integration between EFMs and internal systems, and facilitating policy improvements.

Key Accountabilities

Strategic Responsibilities (Long-term planning, governance, policy alignment) :

• Define and lead investment strategies, ensuring optimal risk-adjusted returns across OCR, Non-OCR portfolios, and Awqaf investments.
• Collaborate with internal units and departments to refine and enhance the Bank’s investment policies and processes, including Awqaf Fund strategies.
• Review Strategic Asset Allocation (SAA) and submit mid-term policy updates and risk budget recommendations.
• Oversee ESG framework implementation across investments, enhancing responsible and sustainable investing.
• Manage relationships with Global Custodians, ensuring portfolio guidelines, compliance, risk, and performance parameters are correctly configured.
• Ensure proper sourcing and validation of benchmarks data, maintaining portfolio alignment with investment objectives.
• Lead the development and approval of the Annual Work Plan and Budget, ensuring strategic alignment and optimal resource allocation.
• Oversee the Awqaf Fund Portfolio, following up with stakeholders on required actions.
• Formulate sector strategies for Awqaf Funds, contribute to establishing International Awqaf Development Institutions, and facilitate new dedicated Awqaf Funds under the Bank’s oversight.

Tactical Responsibilities (Portfolio Positioning, Rebalancing, Macroeconomic Assessments) :

Operational Responsibilities (Transaction Processing, Compliance, Legal Structuring, System Optimization) :

Leadership Responsibilities

Academic And Professional Qualifications

Skills & Necessary Knowledge

About Application Process

If you meet the criteria and you are enthusiastic about the role, we would welcome your application. To complete the application you would need the following document(s) :

If you are currently an IsDB Regular staff applying for this role and get selected through the competitive selection process; your current contract type and other terms and conditions will remain unchanged.

The Islamic Development Bank (IsDB) does not ask for payments of any kind from applicants throughout the recruitment process. It does not request information on applicants’ bank accounts. IsDB declines all responsibility for fraudulent job posts or offers.

Note : The remaining text referencing unrelated positions appears to be outside the scope of this role and has been omitted for clarity.

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