Private Bank – Relationship Manager, SEA, VP

Deutsche Bank AG; Singapore; On-site; SGD 180,000 - 320,000; Full time

Benefits offered by this job

Flexible benefits plan including虚拟医生咨询

Comprehensive leave benefits

Gender Neutral Parental Leave

Hybrid working arrangements

25 days annual paid leave, plus public

Job summary

Deutsche Bank AG in Singapore seeks an experienced Relationship Manager (Vice President) to lead wealth management client relationships, focusing on acquiring new clients and assets across Southeast Asia. The role emphasizes collaboration with Investment Managers and cross-divisional partners to deliver a holistic client experience.

The candidate should have 5+ years in private banking, a strong client network in SEA, and fluency in English, with a rigorous approach to AML/KYC and regulatory

Qualifications

• Minimum 5+ years of VP-level experience in wealth management or private banking.
• Strong existing client network in Southeast Asia market.
• Fluent in English (written and spoken).
• Detail-oriented with ability to plan and execute.
• Excellent communication and collaboration skills.
• Solid understanding of regulatory frameworks (e.g. MiFID II, local rules).

Responsibilities

• Develop and maintain an holistic client relationship, delivering comprehensive wealth-management solutions.
• Be the primary contact for clients and responsible for addressing complaints.
• Grow business with new and existing clients through prospecting and asset growth.
• Collaborate with Investment Manager and Institutional Wealth Partner to deepen client relationships.
• Ensure AML/KYC compliance and monitor account activity.
• Support client events and marketing activities while upholding governance.

Skills

Client relationship

Networking

English fluency

Communication

Team collaboration

Investment acumen

Regulatory knowledge

Education

MBA / CFA / Advanced degree

Job description

Job Description: Details of the Division and Team: Deutsche Bank’s Private Bank business is one of the largest wealth managers worldwide. We offer our clients a broad range of traditional and alternative investment solutions, as well as comprehensive advice on all aspects of Wealth Management. As a trusted partner of wealthy individuals and entrepreneurs, family offices and foundations, we create lasting value for clients. We specialize in developing bespoke solutions for our clients around the world, for instance wealth planning across successive generations and international borders, asset management with individual risk management, loans and deposits. All this is possible thanks to our global network, our many years of experience and our close collaboration with the Corporate Bank, Investment Bank and DWS. We aim to become a highly competitive global wealth manager by combining financial strength and stability with trustworthy partnership and forward-thinking in order to build sustainable and beneficial client relationships. As a growth business for Deutsche Bank, we contribute towards building a more balanced, less capital intense and stable business model for the bank. The Relationship Manager is a primary point of contact for clients to access the entire suite of wealth management capabilities and solutions offered by Deutsche Bank Wealth Management. This is achieved by working in close partnership with the Investment Manager in the day-to-day planning and servicing for the client. The individual is responsible for acquiring new clients - which are in line with the business proposition of the bank - and assets as well as grow existing business relationships, assuring a holistic and high-standard client experience.

What we will offer you:

A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its center.

You can expect:

• Flexible benefits plan including virtual doctor consultation services
• Comprehensive leave benefits
• Gender Neutral Parental Leave
• Hybrid working arrangements
• 25 days of annual paid leave, plus public holiday

Additional culture benefits:

A culture of continuous learning to aid progression

Your key responsibilities:

• Develop, manage and maintain overall relationship with the client, providing an holistic client experience
• Be the first point of contact and the overall responsible person with regard to dealing with client complaints
• Develop new business with new and existing clients, spending a great proportion of time focused on bringing in new clients and new assets (prospecting), building and sustaining long-term relationships
• Work as a team with the Investment Manager (and the Institutional Wealth Partner where appropriate) to build deeper client relationships / involve in origination
• Keep day-to-day responsibility for advising clients within the required regulatory framework and keeping abreast of all client-impacting initiatives from the respective market
• Proactively identifying client lending / financing needs, involving lending specialists to further develop the opportunity
• Perform continuous market analysis to identify potential client leads and opportunities
• Act as the Accountable Client Owner with responsibility for all AML aspects of the client relationship; this includes KYC in good quality and in a timely manner (no overdues) as well as account behavior, i.e. transactions with focus on 3rd party transactions constituting transfers in and out to be in line with purpose and anticipated behavior of the account(s).
• Where clients are not assigned an Investment Manager, own the overall suitability and appropriateness for client investments; taking client execution orders where required and ensuring that all corresponding checks are performed
• Participate in relevant client social events as well as in PR and other marketing activities
• Uphold the team’s operating rhythm (e.g. regular prospect review, pipeline review, account planning, etc.), leading by example and demonstrating role-model behavior
• Work in close co-operation with other coverage, product and support functions to deliver DB’s value proposition, leveraging also other DB divisions where possible
• Actively support the business / growth strategy, plans and values, contributing to the achievement of a high performing team
• Act within professional, legal and ethical boundaries and guidelines, observing all internal and external compliance regulations and code of ethics and conduct; flagging and managing reputational risks and conflicts issues

Your skills and experience:

• Minimum 5 or more years of relevant experience for Vice President
• Solid network of clients in the target coverage market is required, specifically in the Wealth Management or Private Banking sector for South East Asia
• Fluency (written and oral) in English
• Detail orientation on both strategy and execution
• Excellent communication skills
• Excellent collaboration skills
• Superior investment acumen
• Have a good understanding of the governing regulatory framework (e.g. RDR, MiFID II, etc.), including but not limited to applicable confidentiality / secrecy / data protection regulations and cross border rules where relevant
• Professional integrity
• For experienced hire, solid network of clients in the target coverage market is required
• Self-starter
• Willing and able to develop other staff, e.g., analysts CFA, MBA degree or other advanced degree

About us and our teams:

Deutsche Bank is the leading German bank with strong European roots and a global network. Deutsche Bank & Diversity We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively. Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group. We welcome applications from all people and promote a positive, fair and inclusive work environment. For over 150 years, our dedication to being the Global Hausbank for our clients has been driven by our people – in around 60 countries and across more than 150 nationalities. Their deep understanding, insights, expertise, and passion help our clients navigate an increasingly complex world – be it in our Corporate Bank, our Private Bank, our Investment Bank or our Asset Management (DWS) division. Together we can make a great impact for our clients at home and abroad, securing their lasting success and financial security.

More information at: Deutsche Bank Careers (db.com)