Private Wealth Banker - Coverage (FAIS)

1001 Absa Bank; Emfuleni Local Municipality; On-site; ZAR 600,000 - 800,000; Full time

Job summary

A leading financial services group in Gauteng seeks a Private Wealth Banker to manage client relationships and achieve financial targets. The successful candidate will have a strong background in business development and financial solutions, with at least 5 years of relevant experience or equivalent qualifications. This role offers an opportunity to enhance customer experiences while adhering to regulatory frameworks.

Qualifications

• 5 years relevant experience or diploma with 8 years including 4 years in Non-Individuals.
• Strong understanding of financial products required.

Responsibilities

• Build and maintain relationships with Private Wealth clients.
• Achieve financial targets by acquiring new clients.
• Collaborate with specialists to deliver value propositions.

Skills

Sales and Business Development

Customer Relationship Management

Financial and Wealth Solutions

Relationship Banking and Credit Risk Management

Financial Products and Superior Communication Skills

Data Analysis for Decision Making

Education

Bachelor's Degrees and Advanced Diplomas in Business, Commerce, or Management Studies

Job description

Private Wealth Banker - Coverage (FAIS) page is loaded

Private Wealth Banker - Coverage (FAIS)

Apply locations Vanderbijlpark | Full time | Posted 30+ Days Ago | End Date: November 20, 2025 | Job ID: R-15969574

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

With over 100 years of history and a strong local presence with regional and international expertise, joining our family offers a chance to be part of an exciting growth journey, shaping our future as a proudly African group.

Job Summary

Build and maintain professional relationships with Private Wealth clients by achieving financial targets, acquiring new clients proactively, and enhancing customer experience within the bank’s regulatory and compliance frameworks.

Job Description

Accountability: Customer Relationships

• Own the primary relationship with clients, working collaboratively with specialists to deliver our full value proposition.
• Implement contact strategies based on client segmentation.
• Develop and execute client relationship plans to understand and meet client needs.
• Generate new business through engagement and onboarding of prospects.
• Retain clients within targets and apply remedial actions when needed.
• Achieve customer satisfaction scores as per thresholds.
• Collaborate with the sales support team for effective support.

Accountability: Deepening Relationships

• Prepare weekly performance reviews with the Area Manager.
• Negotiate pricing structures aligned with policies to ensure profitability.
• Cross-sell and up-sell products ensuring compliance with FAIS, FICA, and NCA.
• Drive income growth through new client acquisition.
• Analyze sales and portfolio profitability monthly, recommending actions as needed.

Accountability: Risk and Credit Management

• Co-manage high-risk clients with Risk stakeholders.
• Maintain transparency and communication regarding client requirements and credit positions.
• Develop practical credit solutions based on client needs and industry knowledge.
• Coordinate client reviews and ensure timely completion.
• Ensure credit arrangements adhere to guidelines and are well-documented.
• Manage portfolio risk in line with regulatory and compliance standards.

Accountability: Colleague and Personal Development

• Act as backup for team members during absences or peak times.
• Stay updated on industry developments and maintain CPD hours.
• Complete mandatory compliance and training requirements.
• Participate in economic forums and segment initiatives.
• Align personal performance with Absa’s values and vision.

Preferred Education & Experience

• B-degree in Business, Commerce, or Management Studies, or NQF Level 7 equivalent, with 5 years’ relevant experience OR
• Diploma/National Diploma with 8 years’ experience, including 4 years in Non-Individuals within Private or Business Banking.

Knowledge and Skills

• Sales and Business Development
• Customer Relationship Management
• Financial and Wealth Solutions
• Relationship Banking and Credit Risk Management
• Financial Products and Superior Communication Skills
• Data Analysis for Decision Making

Education

Bachelor's Degrees and Advanced Diplomas in Business, Commerce, or Management Studies (Required)

Absa is an equal opportunity employer. Preference will be given to candidates from designated groups to promote diversity.

Absa reserves the right not to fill the position.

About Us

Absa Group Limited is listed on the Johannesburg Stock Exchange and is one of Africa’s largest financial services groups, offering a range of banking, wealth, investment, and insurance services across multiple countries, with global presence and support.