Senior Wealth Banker - Onshore

Absa Group; United States; Remote; USD 80,000 - 120,000; Full time

Job summary

A leading financial institution seeks a Wealth Banker to support ultra-high-net-worth and high-net-worth clients. This role involves building client relationships, developing banking strategies, and ensuring compliance within a dynamic market environment. The position demands a strong background in sales and business development, along with a relevant Bachelor's degree.

Qualifications

• Bachelor's degree required.
• Professional qualifications in banking or finance preferred.
• Experience managing HNW client portfolios.

Responsibilities

• Act as the Wealth Banker to UHNW and HNW clients, providing bespoke wealth services.
• Lead new client acquisition and retention for ultra-high-net-worth clients.
• Develop banking strategies with full revenue and balance sheet responsibility.

Skills

Sales

Networking

Business Development

Relationship Management

Education

Bachelor's Degree in Business, Commerce, or Management

Job description

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and a strong position as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future, and shape our destiny as a proudly African group.

My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools, and support to unlock your potential. You are Absa. You are possibility.

Job Summary

• Act as the Wealth Banker to UHNW and HNW clients, providing bespoke wealth services.
• Identify and develop client relationships with ultra-high-net-worth and high-net-worth residents in Mauritius.
• Lead new client acquisition and retention, with extensive knowledge of wealth banking products across banking and non-banking sectors in multi-currency environments.
• Apply proven sales, networking, origination, and business development skills to increase market share in the domestic market.
• Maintain outstanding relationships with intermediaries such as management companies, real estate agents, asset management firms, legal firms, promoters, and government agencies.

Job Description

• Manage client portfolios and develop a book of clients focused on ultra/high-net-worth individuals in Mauritius, including individual accounts and SPVs.
• Develop and maintain existing relationships while identifying new business opportunities aligned with client needs.
• Develop and implement banking strategies with full revenue and balance sheet responsibility, suitable for an individual with senior banking leadership experience.
• Build new relationships through referrals, intermediaries, and internal networks.
• Originate new target market clients through lending, transactional banking, savings, and investments.
• Maintain high service levels across all channels for existing clients.
• Ensure compliance with global and market standards, including regulatory requirements, fiduciary duties, and suitability.
• Prepare credit applications, loan and mortgage agreements, and manage client queries.
• Foster collaboration, teamwork, and act as a role model and trusted advisor within the team and wider organization.
• Provide guidance and coaching to team members and junior colleagues.
• Continuously develop personal skills through relevant training and professional development.
• Support wealth and banking initiatives within the organization.

Education

Bachelor's Degree and Professional Qualifications in Business, Commerce, and Management Studies are required.