Senior Financial Planner | London, UK

Senior Financial Planner

EFG International London, United Kingdom

Job Description

We are seeking an experienced Senior Financial Planner to join our Wealth Planning team, with a focus on providing support to UK based CROs and clients of the Bank. This vacancy represents a fantastic opportunity for a driven and passionate Financial Planner to join EFG and truly make a difference, by providing clients with holistic support whilst building a strong relationship with our clients. You will be at the forefront of delivering strategic financial planning and wealth management guidance to a diverse and unique client base. This is an opportunity to make a real impact to help shape the private banking business.

Key Responsibilities

• Be responsible for the UK financial planning (WP) offering as a part of the wider wealth planning suite of services.
• Provide support to CROs and their clients in the UK region from a wealth planning perspective with the focus being driving the financial planning arm forward.
• Work closely with the UK Head of Wealth Planning on the achievement, monitoring and regularly reporting of financial performance and business development efforts in the UK.
• Knowledge sharing with the UK and Global Wealth Planning teams.
• Organise and offer awareness training sessions to CROs on relevant areas impacting wealth/financial planning in the UK.
• Support the UK Head of Wealth Planning with product development efforts where relevant.
• Identify new business opportunities during client interactions or reviews and contribute to net new assets (NNAs) acquisitions and/or product cross-selling for the Bank.
• Develop and maintain a strong network of external advisors (Lawyers, Accountants, etc.), insurance brokers and other counterparties.

Senior Financial Planner Responsibilities

• Focus on UK-centric wealth advice which can include UK resident clients, UK resident non-domiciled clients, and international clients with a banking relationship in the UK.
• Work with CROs, clients and prospects to identify opportunities regarding client wealth planning needs and objectives.
• Deliver FCA regulated wealth planning advice in the areas of estate planning, life insurance, pensions, tax efficient investments and tax efficient wrappers.
• A strong technical understanding of the operation of offshore bonds throughout their lifecycle and for which investors they might be suitable for.
• Be the EFG leading global specialist in the area of UK financial planning matters with a focus on the UK resident and domiciled market.
• Conduct in-depth reviews of the Bank clients’ financial circumstances, current provision and future aims.
• Analyse information and prepare plans best suited to individual clients’ requirements with a complete risk analysis where relevant.
• Research information from various sources, including providers of financial products.
• Review and respond to clients’ changing needs and financial circumstances.
• Produce financial reports.
• Be able to provide content to clients with news impacting them from a financial planning perspective or changes to legislation that may affect their savings and investments.
• Meet the regulatory aspects of the role, e.g., requirements for disclosure, costs of the services provided and also where relevant, advise on product.
• Monitor Suitability and Supervisory metrics and produce reports and action plans where required to address risks identified.
• Support the PB COO and Supervision teams on delivering the Training and Supervisory framework where required.

Skills and Experience

• Progressive and demonstrable experience in the financial planning space ideally working for a private bank or insurance brokerage.
• Seasoned Financial Planner with strong UK resident experience and market knowledge.
• Familiar with the UK legal and tax systems as well as pensions and life insurance markets.
• International experience or at least international outlook on business (desirable).
• Demonstrable experience of working with U/HNW clients and providing structuring solutions for private individuals.

Required Qualifications:

• University degree in Law, Finance or accounting related discipline; holding additional qualifications linked to the area of relevance.
• Relevant professional qualifications:
  • Chartered Banker Institute – Diploma in Professional Financial Advice.
  • Chartered Institute for Securities & Investments (CISI) – Investment Advice Diploma.
  • Chartered Insurance Institute (CII) – Diploma in Regulated Financial Planning.
• The London Institute of Banking & Finance – Diploma for Financial Advisers or, preferably:
  • Level 6 Advanced Diploma in Financial Planning or Chartered Financial Planner status.
  • Up-to-date Statement of Professional Standing (SPS).
  • STEP member.

Required Competencies:

• Strong analytical, problem-solving and synthesising skills relating to wealth planning, tax and estate planning, accountancy, insurance, banking and investment.
• Astute business sense and can identify new business opportunities during client interactions or reviews and can contribute to net new assets (NNAs) acquisitions and/or product cross-selling for the Bank.
• Excellent communication skills and sales capabilities with the ability to express things simply and directly while maintaining a focused and controlled discussion.
• Exceptional relationship builder with a client-centric mindset, driven to provide exceptional service and foster long-term relationships.

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