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For Companies At a Glance
- Tasks: Lead the Wealth Management team, develop strategies, and manage client portfolios.
- Company: Join an international bank based in the heart of London.
- Benefits: Enjoy a competitive salary and opportunities for professional growth.
- Why this job: Make a real impact in wealth management while working with diverse clients.
- Qualifications: 10-12 years in wealth management with experience in West African markets required.
- Other info: Must be RDR Compliant - Level 6 and possess exceptional networking skills.
The predicted salary is between 120000 - 200000 £ per year.
Job Description
Head of Wealth Management
City of London
£160k base salary
Permanent
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 Suitabel candidate must have experience with the WEST AFRICAN MARKETS – Please do not apply unless you meet this requirement.
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 Wealth manager/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.
Head of Wealth Management - CER Financial employer: cer Financial
Contact Detail:
cer Financial Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Wealth Management - CER Financial
✨Tip Number 1
Make sure to leverage your network, especially if you have connections in the West African markets. Reach out to former colleagues or industry contacts who might provide insights or even referrals to help you stand out.
✨Tip Number 2
Stay updated on the latest trends and regulations in wealth management, particularly those affecting the West African markets. This knowledge will not only boost your confidence but also demonstrate your commitment to the role during discussions.
✨Tip Number 3
Prepare to discuss specific strategies you've implemented in previous roles that align with the responsibilities outlined in the job description. Highlighting your past successes in client relationship management and portfolio growth can set you apart.
✨Tip Number 4
Consider attending industry events or webinars focused on wealth management and the African markets. This not only expands your knowledge but also provides opportunities to meet potential employers or industry leaders who could influence your application.
We think you need these skills to ace Head of Wealth Management - CER Financial
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in wealth management, particularly focusing on your work with West African markets. Use specific examples to demonstrate your achievements and how they relate to the responsibilities outlined in the job description.
Craft a Compelling Cover Letter: In your cover letter, address your understanding of the UK regulatory framework and your experience managing teams of advisors. Emphasise your networking skills and client relationship management, as these are crucial for the role.
Highlight Relevant Experience: When detailing your work history, focus on roles that involved developing business strategies, achieving targets, and managing investment portfolios. Be specific about your contributions and the outcomes of your efforts.
Showcase Your Leadership Skills: Since this is a managerial position, include examples of how you have successfully led teams, developed advisors' competencies, and ensured compliance with regulations. This will demonstrate your capability to fulfil the supervisory functions required in the role.
How to prepare for a job interview at cer Financial
✨Showcase Your Experience with West African Markets
Make sure to highlight your direct experience and knowledge of the West African markets during the interview. Prepare specific examples of how you've successfully navigated this market in previous roles, as this is a crucial requirement for the position.
✨Demonstrate Leadership Skills
As a Head of Wealth Management, you'll be expected to lead a team. Be ready to discuss your management style and provide examples of how you've developed and motivated teams in the past. Highlight any successful strategies you've implemented to achieve business targets.
✨Prepare for Client Relationship Scenarios
Expect questions about client relationship management. Prepare scenarios where you've proactively developed client relationships or resolved complex client issues. This will demonstrate your ability to prioritise client satisfaction and meet performance targets.
✨Understand Regulatory Frameworks
Familiarise yourself with the UK regulatory framework relevant to wealth management. Be prepared to discuss how you've implemented compliance measures in your previous roles, as this knowledge is essential for ensuring the competence standards are upheld within the team.
