Head of Wealth Management
City of London
Permanent
£160k
Salary based on experience
cer Financial are working alongside an international bank who are based in the City of London. They are seeking a Head of Wealth Management to work with them on a permanent basis.
The responsibilities of a Head of Wealth Management will include:
· Work with Head of Private Banking to develop the team’s Business strategy
· Achieve annual new business targets as agreed with Management
· Ensure the growth and profitability of the Private Banking Wealth Management Portfolio through solicitations and referrals and the judicious selection of Client Portfolios.
· Develop Sales Leads generation from internal sources, the bank, client referrals and personal network.
· On board clients for private banking products and services.
· Proactively develop client relationships, anticipate and provide solutions to client needs and give high priority to client satisfaction, with responsibility for meeting or exceeding agreed performance targets and objectives.
· Drive the accurate assessment of client risk profile, suitability, and appropriateness for Wealth Management Service.
· Proactively manage the clients’ investment portfolios by applying a range of portfolio management techniques.
· Promote the education of clients in the wealth management space and provide financial advisory services to enhance the quality of their investment decisions.
· Review client profiles to ensure investments are in accordance with mandates, risk profiles and risk appetites
· Oversee and ensure the flow of clients’ transactions and investments portfolio.
· Development of budgets and targets of private banking business and ensure achievement of monthly and annual targets.
· Provide supervisory function within WM and Advisory Business Unit, ensuring relevant regulations adhered to for competence sign off of potential Advisors.
· Ensure that the competence standards are upheld and maintained whilst capturing and maintaining the documentary evidence.
· Actively involved in assessing, developing, monitoring and reviewing competency status of all advisors within WM business unit.
· Responsible for ensuring that Advisors are aligned to the appropriate level of supervision and performances measured accordingly.
· Develop the Advisors competence through coaching, training and Certification recommendations.
· Provide regular MI and updates to Senior Management and the Bank’s external supervisor, on the activities of the advisors.
· To develop dispassionate and objective relationships with third party fund managers and professionals e.g. law firms, property specialists and tax advisers.
· To always be an ambassador for the bank both in THE UK and externally and when required to travel on business.
· Supervise activities of middle office and back office.
· Assist in resolving client queries within the team.
The successful Head of Wealth Management will have:
· At least 10-12 years’ experience as a Private Banker/ Investment Advisor.
· Understanding of UK regulatory framework and experience in implementing same
· Experienced manager of a team of advisors
· Direct knowledge and experience of the African market( West Africa)
· Exceptional networking skills and client relationship management skills
· RDR Compliant - Level 6
· Able to demonstrate commercial instinct in building opportunities into revenue.
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