Private Banking Manager

BlueSnap, Inc; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading financial institution seeks a professional to manage and advise Ultra High Net Worth clients in Dubai. This role involves crafting tailored investment strategies, achieving sales targets, and ensuring compliance with banking regulations. Candidates should possess strong financial acumen and a proven track record in Private Banking with extensive experience in client management.

Qualifications

• 9-10 years experience in Retail banking.
• 5 years exposure to Private Banking in UAE.
• Proven record in client service and management.

Responsibilities

• Manage a portfolio of Ultra High Net Worth clients.
• Develop and execute annual business plans to achieve financial targets.
• Provide monthly client portfolio reports to management.

Skills

Client relationship management

Financial analysis

Risk management

Sales target achievement

Education

Bachelor’s Degree in Economics or Finance or Business Management

CISI / SCA qualification or equivalent

Job description

To efficiently manage, grow and advise a portfolio of Ultra High Net Worth clients, providing them with the highest quality service and advice. Working withclients to evaluate their financial data and investment objectives in order to recommend and implement the most appropriate investment strategy

Principal Accountabilities:

Planning:

Devise and implement realistic annual business plan in aid of achieving annual financial targets

Target achievement:

Achieve assigned monthly sales and service targets.

Client Service

Provide the highest quality service by building, maintaining and growing relationships with clients.

Meet and work with clients to evaluate their financial data and investment objectives in order to recommend & implement the most appropriate investment strategy and understand each client’s financial objectives and provide tailor made services.

Responsible for immediate closure of all queries and issues of the wealth customers related to banking products and services.

Reports:

Responsible to provide monthly client portfolio reports to management.

Actively liaise with various departments to provide and gain leads for prospective business and new clientele. Coordinate with the Legal to verify all customer contracts.

Ensure all departments coordinate in a timely manner providing excellent customer service to clients.

Corporate Governance:

Ensure all documentation is completed accurately, within the agreed timeframes and all necessary supporting documents are obtained.

Ensure full compliance to risk policies and procedures to minimize the error ratios and customer frauds.

Comply with Basel II framework for all retail banking operations

Comply with Anti – Money laundering requirements

Ensure that all investment recommendations are made in line with the banks prescribed investment approach

Requirements

Education and Experience:

Bachelor’s Degree in Economics or Finance or Business Management

CISI / SCA qualification or equivalent

9 – 10 years of experience in Retail banking with 5 years of exposure to Private Banking in UAE.