Head of Wealth Management London
Our Client is a globally recognised, successful bank who provide world-class services to various institutions and individuals. Offering a comprehensive range of retail and corporate financial services/products, this thriving business boasts over 10 million active customers in over 700 business locations. Due to business requirements, we are now looking to acquire the services of a Head of Wealth Management.
Please note that this is a hybrid role with 3 days in the office and 2 days working from home.
To drive attainment of key performance targets (Wealth management operations, revenue, new client additions, Product offering development enhancements, etc.), attract and retain high-value clients, and grow the Wealth Management business with a strong focus on client satisfaction metrics within our target market.
Work with Head of Private Banking to develop the team’s Business strategy
Shape and support development of the business strategy, including periodic performance reviews for CEO.
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 group, client referrals and personal network.
On board clients for private banking products and services in accordance with UK and the bank's procedures and regulations.
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 is in accordance with client’s mandate and risk profile.
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.
Liaise with the Bank’s external supervisor to ensure strict adherence to the T & C with regards to attaining competency.
To develop dispassionate and objective relationships with third party fund managers and professionals e.g. law firms, property specialists and tax advisers.
Supervise activities of middle office and back office to ensure timely and efficient service delivery to private banking
Very experienced as a Private Banker/ Investment Advisor.
Understanding of UK regulatory framework and experience in implementing same
Exceptional networking skills and client relationship management skills.
Able to demonstrate commercial instinct in building opportunities into revenue.