Wealth Banker

Absa Group; George; On-site; ZAR 200,000 - 300,000; Full time

Job summary

An established industry player seeks a dynamic individual to manage and grow high net worth client relationships. This role involves providing specialized banking and financial advice while ensuring compliance with regulations. You will engage with clients to deliver exceptional service, conduct credit reviews, and collaborate with various teams to enhance client experiences. If you are passionate about financial services and eager to contribute to a proud African bank's growth journey, this opportunity is perfect for you. Join a team that values diversity and offers a chance to shape the future of banking in South Africa.

Qualifications

• Manage high net worth client portfolios, ensuring top-tier service and compliance.
• Provide strategic advice for banking, lending, and foreign exchange needs.

Responsibilities

• Devise tactical plans to grow client relationships and meet targets.
• Conduct annual credit reviews and maintain client service excellence.

Skills

Client Relationship Management

Financial Analysis

Credit Management

Regulatory Compliance

Client Service Excellence

Education

Postgraduate Degree in Business, Commerce or Management

Job description

Bring your possibility to life! Define your career with us

With over 100 years of rich history and strongly positioned 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.

Job Summary

Manage and grow a portfolio of high net worth clients, trusts, investment holding companies and businesses, servicing their banking, lending and foreign exchange requirements. Provide specialist advice and support in the development of tactical strategy and plans. AND/OR provide specialist advice and support in terms of practice formulation and associated best practice improvements.

Job Description

1. New Business Organisation: Devise short term tactical plans to meet annual budget and targets up to a 6 to 12 month timeframe. Identify, develop and source new High Net Worth and Ultra High Net Worth relationships through personal and client referrals, Absa Group Limited internal networks and fostering greater collaboration within group and WIMI business unit. Achieve personal targets for new and existing clients for Transactional Banking, Credit, and FX. Make a contribution to referring relevant business to other parts of Wealth Advisory and/or the broader Absa Group Limited.
2. Client Service - Manage and Grow Existing Client Relationships: Quarterly meetings with each client in your designated portfolio. Undertake annual credit reviews to assess the health of your clients' financial position, with co-operation from the various teams in the region. Maintain the highest levels of service and delivery to existing clients at all times, ensuring that all teams of specialist support within the region work together to deliver client experience. Act as the key contact point for all client advice related to Transactional Banking, Credit, and FX.
3. Client Relationship Management: Maintain the highest levels of service and delivery to existing clients at all times. Be the key contact for all banking and credit advice and client queries. Serve as the key interface between clients and other parts of Absa Group Limited/WIMI and the wider Absa Group Limited.
4. Involvement in Credit Related Tasks: Client interaction including gathering of information related to Transactional Banking, Credit, and FX ensuring efficient client interactions. Accountable for providing information related to the security status reports and performance of financial analysis. Ultimately responsible for ensuring that credit review processes are conducted on time. Liaise with the product houses to ensure credit tasks related to clients in terms of credit reviews, overdrafts, and home loans are completed.
5. Governance and Control: Ensure conformity with global and market standards of client services, regulatory compliance, KYC, product delivery and operating model, ensuring that all actions are in line with procedures according to the Front Office manual.
6. Query Resolution: Undertake query resolution related to the client portfolio. Act as the escalation point for serious issues related to client complaints.
7. Operational Support: Provide accurate/timely preparation of file notes, client letters, and other client documentation (e.g., marketing material) for all client meetings and follow up as required. Act as focal point for clients dealing with day-to-day administration across the range of services and products.

Education

Postgraduate Degrees and Professional Qualifications: Business, Commerce and Management Studies (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 whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

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