Portfolio Manager - Alternative Assets

About ENBD

Emirates NBD is a market leader across the MENAT (Middle East, North Africa and Türkiye) region with a presence in 13 countries, serving over 9 million customers. Emirates NBD is the leading financial services brand in the UAE with a Brand value of approximately USD 4 billion. We serve our customers and help them realise their financial objectives through a range of banking products and services including retail banking, corporate & institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. We are a key participant in the global digital banking industry, with 97% of all financial transactions and requests conducted outside of our branches. We also operate Liv, the lifestyle digital bank by Emirates NBD. With over half a million users, it continues to be the fastest-growing digital bank in the region.

Job Overview:

As a Senior Portfolio Manager - Alternative Assets at Emirates NBD, your role is to assist the senior members of the team in the management of direct and indirect (fund-of-funds) investments focused on Private Credit . Tasks to include due diligence, deployment, monitoring, governance, risk oversight, and coordination across structuring, operations, and reporting functions.

Key Responsibilities:

• Conduct investment due diligence (DD) on private asset managers, direct deals across alternative assets focused on private credit.
• Assess track record, strategy alignment, legal and operational frameworks of fund managers.
• Conduct on-site visits, reference checks, and prepare DD reports for internal stakeholders.
• Monitor performance of underlying fund managers and direct real estate investments.
• Analyze periodic reports, financial statements, and KPIs; flag deviations from expected performance.
• Maintain updated dashboards and performance summaries for internal use.
• Monitor and track capital deployment timelines in line with approved allocation plans.
• Coordinate with fund managers, legal counsel, and internal teams for smooth execution.
• Assist in preparation of key documents such as PPMs, subscription agreements, side letters, and SPAs.
• Support governance processes including quarterly portfolio reviews, internal controls, and compliance protocols.
• Ensure adherence to investment policies, limits, and framework across portfolio.
• Liaise with senior members of the team for communication with internal committees and auditors for transparency and control.
• Identify, track, and mitigate risks related to portfolio exposures, leverage, concentration, and liquidity.
• Work with risk teams to model stress scenarios and establish early warning indicators.
• Contribute towards development of a pipeline of direct deals and private fund opportunities across geographies and sectors.
• Develop internal thematic research to support investment decisions.
• Help Senior PM in preparation of high-quality investment memos for Investment Committee and Board approval.
• Synthesize complex investment ideas into clear and concise documents with risk-return analysis and recommendations.
• Conduct or support ODD reviews on private asset funds, including operational systems, governance, controls, valuation, and compliance processes.
• Collaborate with external consultants or internal risk/operations teams for thorough assessments.
• Contribute to the design of new fund products or investment vehicles aligned with market demand and internal strategy.
• Prepare business cases, support fund marketing, and liaise with external stakeholders (e.g. distributors, regulators).
• Support structuring of fund-of-funds vehicles, co-investment programs, and direct deals.
• Help Senior PM in working with legal, tax, and structuring advisors to optimize fund terms and governance models.
• Draft or review term sheets, JV agreements, and shareholder agreements for direct investments.
• Act as liaison between investment and operations teams to ensure seamless execution and ongoing management.
• Support investor reporting, fund audits, regulatory filings, and accounting reviews.
• Ensure alignment on NAV reporting, capital account statements, waterfall calculations, and compliance requirements.

Skills and Experience:

• Bachelor’s Degree
• CFA/CA/MBA/CPA
• 5-10 years of experience in private markets (direct or indirect deals / fund-of-funds / co-investments / secondaries / transaction advisory / consulting).
• Prior work experience in Private Credit
• Strong exposure to due diligence, portfolio monitoring, and fund structuring.
• Strong analytical, financial modelling, and presentation skills.
• Understanding of fund documentation, legal structures, offshore tax structures and governance.

There’s never been a better time to join Emirates NBD.

We’re one of the region’s most recognisable brands. We’re banking innovation leaders. We’re growing across both the UAE and our global offices. We offer a huge range of professional development opportunities to accelerate your career. It also goes without saying that we provide extremely competitive rewards, benefits and perks too, like our flexible work policy so you can work from home whenever it suits.

At ENBD, we encourage interested candidates to review the key responsibilities and qualifications for each role and apply for positions that match their skills and capabilities.

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