About this role
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 support the identification, assessment, underwriting and execution of real estate acquisitions and disposals across the funds and mandates managed by the Real Estate team within Alternative Assets, including ENBD REIT and the private real estate funds platform. The job holder leads the analytical workstream on transactions — market research, financial modelling and returns analysis, due diligence coordination, and preparation of Investment Committee and Board submissions — and runs the internal approval process, coordinating deal structuring with the product / fund structuring team and securing sign-off from group governance, risk, compliance and Shari'a. The role works under the supervision of the Head of Real Estate but is expected to self-manage workload across a live pipeline. As a DFSA-regulated manager, all work must comply with the DFSA Collective Investment Rules and international best practice for real estate funds. Following completion, the job holder supports clean handover of assets to the asset management function. Real estate investment is cyclical; during quieter transactional periods the role supports portfolio analysis, valuations and reporting. Key Responsibilities:
• Build and maintain cash-flow and returns models (levered / unlevered IRR, equity multiple, yield-on-cost, exit and sensitivity analysis)
• Research markets, comparables and pricing
• Prepare Investment Committee and Board submissions • Appoint and manage valuers, lawyers, engineers and other specialists • Track and resolve matters arising
• Synthesise findings into a clear recommendation • Coordinate acquisition / disposal structuring with the product / fund structuring team (SPVs, fund perimeter, financing)
• Obtain sign-off from risk, compliance and Shari'a
• Support Shari'a screening and structuring of transactions • Maintain the deal pipeline tracker
• Monitor market activity, comparable transactions and opportunities • Support transfer of leases, authorities and documentation
• Contribute to the initial asset business plan Skills and Experience:
• A university degree in real estate, finance, economics or a related discipline.
• MRICS, CFA or an equivalent professional body. • 10-15 years experince in private real estate transactions / capital markets industry.
• GCC / UAE market experience preferred; strong international candidates with excellent modelling considered given the breadth of the role.
• Real estate transactions / investment — underwriting, DD coordination, IC preparation and deal structuring support. • Advanced financial modelling in Excel; valuation fundamentals (DCF, cap rate, comparables); understanding of fund / SPV structures, financing and JV / equity waterfalls; awareness of DFSA Collective Investment Rules and Shari'a-compliant structures; Argus an advantage; strong written and verbal communication.
• Able to work across product, risk, compliance and Shari'a functions; coordinate specialist advisors; relate professionally to senior staff, counterparties and government agencies. 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.
1. Portfolio value preservation and growth through dynamic asset allocation decisions • Formulate and adjust asset allocation strategies in response to macroeconomic trends, market dislocations, and emerging opportunities. • Evaluate and select alternative investments, balancing risk, return, and liquidity to meet portfolio objectives. • Scrutinise portfolio exposures and concentration risks, implementing tactical shifts to protect downside and capture upside. • Collaborate with research and analytics teams to integrate quantitative and qualitative insights into allocation decisions. Performance Measures: • Consistency of portfolio returns relative to benchmarks and peer group • Effectiveness of risk-adjusted allocation decisions during market volatility • Depth of insight in investment committee discussions and allocation rationales
2. Regulatory and fiduciary compliance across private assets portfolios • Interpret and apply evolving regulatory requirements (e.g., MAS, FCA, AIFMD) to portfolio structures and investment processes. • Review and validate due diligence documentation for new investments, ensuring adherence to internal and external standards. • Coordinate with legal and compliance teams to address jurisdictional complexities and cross-border investment risks. • Maintain robust records and audit trails to evidence compliance in regulatory reviews and client reporting. Performance Measures: • Absence of regulatory breaches or compliance findings in portfolio audits • Timeliness and completeness of due diligence documentation • Stakeholder confidence in the robustness of compliance controls
3. Portfolio risk mitigation and resilience through proactive risk management frameworks • Establish and refine risk monitoring processes, integrating scenario analysis and stress testing for illiquid assets. • Identify emerging risks, including ESG, geopolitical, and counterparty exposures, and recommend mitigation strategies. • Engage with risk management and operational teams to calibrate risk limits and escalation protocols. • Lead portfolio reviews to challenge risk assumptions and validate resilience under adverse conditions. Performance Measures: • Demonstrable reduction in unmitigated risk exposures over review periods • Quality and frequency of risk scenario analysis and reporting • Responsiveness to emerging risk events and effectiveness of mitigation actions
4. Client and stakeholder value creation through tailored investment solutions and reporting • Design bespoke investment solutions aligned with client mandates, risk appetites, and long-term objectives. • Produce clear, insightful portfolio reports and presentations for clients and internal committees. • Engage directly with relationship managers and clients to explain portfolio strategy, performance, and outlook. • Solicit and incorporate client feedback to refine investment offerings and enhance service delivery. Performance Measures: • Client satisfaction with investment solutions and reporting transparency • Uptake and retention of bespoke portfolio mandates • Quality of communication and responsiveness to client queries
• Bachelor's degree in Finance, Economics, or related field (Master's preferred) • CFA or CAIA charterholder strongly preferred • Ongoing professional development in alternative investments, risk management, or regulatory compliance