Director - Private Bank

Emirates Islamic; Dubai; On-site; AED 120,000 - 180,000; Full time

Job summary

An established industry player in Islamic banking is seeking a dynamic Director for its Private Bank. This role is pivotal in driving revenue generation and managing high-value client portfolios, valued between AED 500-1,000 million. The ideal candidate will leverage their expertise in investment products and portfolio management to acquire new clients and foster long-term relationships. The organization emphasizes work/life balance and offers a competitive salary package along with generous benefits. Join a diverse team of professionals and contribute to the innovative banking solutions that shape the financial landscape.

Benefits

Competitive Salary Package

Generous Annual Leave

Private Healthcare

World-Class Learning and Development

Preferential Banking Facilities

Qualifications

• 4+ years of experience in financial services with a focus on client portfolios.
• Strong knowledge of compliance, investment products, and capital markets.

Responsibilities

• Manage high-value client portfolios generating significant annual revenue.
• Acquire Net New Money and build long-term client relationships.
• Mentor junior team members and foster teamwork.

Skills

Portfolio Management

Investment Products

Capital Markets

Client Relationship Management

Compliance and Due Diligence

Education

MBA in Finance

Bachelor's Degree

CFA or Equivalent

Job description

About the Company

Emirates Islamic, launched in 2004, aims to deliver the highest standards of banking services in accordance with Shari'a principles.

As a leading Islamic bank in the UAE, Emirates Islamic offers exciting career opportunities for highly motivated professionals and graduates. We believe our employees are our greatest asset and invest continuously in talent management, training, and development programs to help them excel and succeed in their careers.

Emiratization is a key strategic objective. We provide training to talented young Emiratis through dedicated programs that nurture their ambition, passion, and commitment, guiding them to become future leaders of the organization and the financial sector.

Our core values are Innovation, Customer Service, Ambition, and Ownership. We foster a diverse work environment with over 60 nationalities, always seeking talented individuals to join our team.

About the Role

The Director plays a vital role within the Front Office of the Private Bank, primarily responsible for revenue generation.

Responsibilities include managing an individual book to generate Net New Money and revenues for the Private Bank.

Key Responsibilities

• Manage high-value client portfolios valued at AED 500-1,000 million, generating AED 5-12 million in annual revenue.
• Acquire AED 400 million in Net New Money annually and build long-term client relationships.
• Collaborate with the Private Banking Investments Team to provide tailored investment strategies aligned with client goals.
• Partner with other business units to deliver comprehensive banking solutions and originate direct investment deals.
• Mentor junior team members, foster teamwork, and contribute to a culture of excellence and innovation.

Qualifications & Experience

• MBA in Finance or Bachelor's degree; CFA or equivalent financial services qualification.
• Minimum of 4 years of relevant experience in financial services.
• Strong knowledge of assets & liabilities products, capital markets, portfolio management, and investment products.
• Full understanding of compliance, due diligence, anti-money laundering acts, and standard banking procedures.
• Expertise in investment products, portfolio management, and capital markets.
• Knowledge of legal structures such as trusts and offshore entities.

What We Offer

• Competitive salary package.
• Strong emphasis on work/life balance.
• Generous annual leave entitlement and private healthcare.
• World-class learning and development platform and career growth opportunities.
• Preferential banking facilities for employees.