Family Office Wealth Investment Manager

Absa Group; Cape Town; On-site; ZAR 1,200,000 - 1,800,000; Full time

Job summary

A leading bank seeks a highly analytical Family Office Investment / Wealth Manager to provide bespoke wealth management advice to ultra-high-net-worth clients in Cape Town. This role involves portfolio management, business development, and risk management, catering to families with significant asset values. The successful candidate will also contribute to client acquisition strategies and mentor support staff, promoting a multifaceted approach to client needs.

Qualifications

• Must have over 10 years of experience in wealth management.
• Strong analytical abilities and investment acumen are essential.
• Ability to develop client acquisition strategies.

Responsibilities

• Manage and grow a portfolio of ultra-high-net-worth clients.
• Develop business acquisition strategies to meet financial targets.
• Coach and mentor administrative support staff.

Skills

Analytical skills

Investment knowledge

Client management

Business development

Risk management

Education

Bachelor's Degree in Business, Commerce, or Management Studies

Advanced Diploma in Business, Commerce, or Management Studies

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 to shape our destiny as a proudly African group.

Job Summary

We are seeking a highly analytical, intellectually curious, and investment-savvy Family Office Investment / Wealth Manager with over 10 years of experience to serve as a trusted advisor to Family Office clients in the Cape region.

This role offers an exciting opportunity to provide bespoke wealth management advice to clients/families with a minimum net asset value of R250 million.

The successful candidate will play a central role in the design, execution, and ongoing oversight of a globally diversified portfolio for multi-generational families. Responsibilities include managing and growing a portfolio of ultra-high-net-worth/Family Office clients, trusts, investment holding companies, and businesses, servicing their local and offshore investment and fiduciary needs. The role also involves formulating a client acquisition strategy, collaborating with internal stakeholders and external lead providers, and working as part of a multidisciplinary team to deliver holistic client solutions covering investment, advisory, banking, and lending requirements.

Job Description

• Portfolio Management: Ensure client portfolios are managed according to the recorded mandate and aligned with strategic asset allocation guidelines. Conduct regular client reviews, manage portfolio performance, and execute client requirements with proactive engagement.
• Business Development: Focus on client acquisition to meet financial and new business targets annually. Develop strategies to grow assets under management, emphasizing the growth of annuity income, upfront fees, and advisory income.
• Risk Management: Ensure portfolios meet risk management standards in compliance with guidelines and established advisory processes.
• People Management: Coach, mentor, and manage administrative support staff to achieve business objectives and support colleague development where applicable.

Education

Bachelor's Degrees and Advanced Diplomas in Business, Commerce, and Management Studies are required.

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups to promote demographic diversity and representation within our workforce.

Absa Bank Limited reserves the right not to make an appointment to the advertised position.