At a Glance
- Tasks: Lead and grow the Wealth Management business while ensuring client satisfaction and performance targets.
- Company: FirstBank UK is a top-tier, globally recognised bank with over 10 million customers.
- Benefits: Enjoy hybrid work, generous pension contributions, private medical insurance, and gym subsidies.
- Other info: This role offers a chance to shape business strategy and work with diverse clients.
- Why this job: Join a reputable bank, make an impact in wealth management, and develop your leadership skills.
- Qualifications: Experience as a Private Banker/Investment Advisor with strong networking and client management skills required.
The predicted salary is between 43200 - 72000 € per year.
FirstBank UK is a globally recognised, top-tier bank that provides world-class services to various institutions and individuals. Offering a comprehensive range of retail and corporate financial services/products, this thriving business has over 10 million active customers in over 700 business locations and is the oldest African bank in the UK. Due to business requirements, we are now looking to acquire the services of an experienced Head of Wealth Management.
Please note that this is a hybrid role with 3 days in the office and 2 days working from home.
Key Responsibilities:- 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.
- Promote strong and effective working relationships and communications with staff, ensuring that they are motivated, developed and supported.
- 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, FBN group, client referrals and personal network.
- Onboard clients for private banking products and services in accordance with UK and FBN 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.
- 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.
- Current experience of Head of Wealth within Private Banking.
- Understanding of UK regulatory framework and experience in implementing same.
- Experienced manager of a team of advisors.
- Direct knowledge and experience of the African & UK market.
- Exceptional networking skills and client relationship management skills.
- RDR Compliant - Level 6 (preferred).
- Able to demonstrate commercial instinct in building opportunities into revenue.
In return we offer a fantastic benefits package including:
- Up to 10% employer pension contribution.
- Life Assurance Cover.
- Income protection.
- Private Medical Insurance plan (upon successful completion of probation period).
- Contribution to glasses/contacts and eye testing.
- Gym subsidy (up to £50 per month).
- Cycle to work scheme.
- Employee Assistance Program.
- Interest Free season ticket loan for travel.
- Birthday Leave.
- 25 days annual leave, rising to 28 after 3 years and 30 after 8 years’ service.
- Give As You Earn (GAYE).
First Bank is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of sex, race, disability, age, sexual orientation, gender reassignment, religion or belief, marital status, or pregnancy and maternity.
Head of Wealth Management in London employer: FirstBank UK Limited
FirstBank UK is an exceptional employer, offering a dynamic work environment in the heart of London, where innovation meets tradition. With a strong commitment to employee development, competitive benefits including generous pension contributions and health insurance, and a culture that values diversity and inclusion, we empower our team to thrive both personally and professionally. Join us to make a meaningful impact in wealth management while enjoying a balanced hybrid work model.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Wealth Management in London
✨Tip Number 1
Network strategically within the financial services sector, especially focusing on wealth management. Attend industry events and engage with professionals who are already in similar roles or companies to gain insights and potentially get referrals.
✨Tip Number 2
Showcase your understanding of the UK regulatory framework by staying updated on recent changes and trends. This knowledge will not only help you in interviews but also demonstrate your commitment to compliance and best practices in wealth management.
✨Tip Number 3
Prepare to discuss your experience in managing teams and driving performance. Highlight specific examples where you've successfully led a team to achieve targets, as this role requires strong leadership skills.
✨Tip Number 4
Familiarise yourself with FirstBank UK's values and mission. Tailor your conversations and responses during interviews to align with their goals, particularly around client satisfaction and business growth, to show that you're a good cultural fit.
We think you need these skills to ace Head of Wealth Management in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights relevant experience in wealth management and private banking. Focus on your achievements in client relationship management, team leadership, and sales targets to align with the job description.
Craft a Compelling Cover Letter:Write a cover letter that showcases your understanding of the UK regulatory framework and your experience in managing teams. Use specific examples to demonstrate how you have driven performance and client satisfaction in previous roles.
Highlight Key Skills:In your application, emphasise your exceptional networking skills and ability to develop strong client relationships. Mention any relevant qualifications, such as RDR compliance, to strengthen your candidacy.
Proofread and Edit:Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail and professionalism, which are crucial for a leadership role.
How to prepare for a job interview at FirstBank UK Limited
✨Understand the Role Thoroughly
Before your interview, make sure you have a deep understanding of the Head of Wealth Management role. Familiarise yourself with the key responsibilities and expectations outlined in the job description, such as driving performance targets and managing client relationships.
✨Showcase Your Leadership Skills
As this position involves leading a team, be prepared to discuss your leadership style and experiences. Highlight specific examples where you've motivated and developed staff, and how you've fostered effective communication within your team.
✨Demonstrate Industry Knowledge
Given the importance of understanding the UK regulatory framework and the African market, be ready to discuss current trends and challenges in wealth management. This will show your potential employer that you are well-informed and capable of navigating the complexities of the industry.
✨Prepare for Client Relationship Scenarios
Since client satisfaction is a key focus, think of scenarios where you've successfully attracted and retained high-value clients. Be ready to share your strategies for building strong client relationships and how you've managed client portfolios effectively.
