Wealth Manager

The Ad Yard (Pty) Ltd; Gqeberha; On-site; ZAR 700,000 - 1,000,000; Full time

Job summary

FNB in South Africa seeks a Wealth Manager to provide expert savings, investment and estate planning advice to high income clients, with a focus on investments.

You will work within the Private Banking and Advisory Team to formulate proposals, manage relationships, and ensure compliant service delivery across client portfolios.

Qualifications

• Degree in Investment or Economics required or preferred.
• 3–5 years’ experience as Wealth Manager with high-income clients.
• FAIS and NCA knowledge and regulatory compliance preferred.

Responsibilities

• Provide savings, investment and estate planning advice to high income clients.
• Achieve gross production targets as indicated in scorecard.
• Review and update clients' financial plans regularly for changes in life or economy.
• Ensure compliance with statutory, legislative, policy and governance requirements.

Skills

Client advisory

Financial planning

Investment products

Risk assessment

Stakeholder management

Education

Degree in Investment or Economics

Certified Financial Planner (preferred)

Job description

Welcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of people that make it happen.

As part of our Private Banking and Advisory Team, you will be surrounded by unique talent, diverse minds, and an adaptable environment that lives up to the promise of staying curious. Now’s the time to imagine your potential in a team where experts come together and ignite effective change.

Role Purpose:

To serve as a full financial services advisor by providing appropriate savings, investment and estate planning advice, expertise and support to high income clients, with a focus on investments.

Are you someone who can:

• Formulate proposals in cash management, risk needs, investment planning, estate planning, or other areas to help clients achieve their financial goals.
• Achieve previously determined sales targets across the business by identifying opportunities to advise on FirstRand approved investment and risk products.
• Investigate available investment opportunities to determine compatibility with client financial plans.
• Review clients' financial plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
• Provide regular reports on delivery of services against agreed service level agreements and in terms of overall customer targets.
• Ensure that the quality of advice remains high and consistent and in line with FNB’s investment philosophy and product approved matrix.
• Contribute to sustaining a competitive edge through external networking and benchmarking and representation on related forums.
• Achieve gross production target as indicated in scorecard.
• Inform and educate customers on products and services to ensure retention of existing customers; increase sales revenue and increase the organisation's customer base.
• Advise on and provide support to ensure the effective resolution of customer queries in order to ensure customer satisfaction and retention.
• Analyse financial information obtained from clients to develop a financial plan or proposal using the correct tools.
• Accumulate information to review work progress that provides input to reporting, decision making and the identification of improvement opportunities.
• Take all necessary actions to ensure compliance with relevant statutory, legislative, policy and governance requirements in area of accountability.
• Maintain expert knowledge on relevant legislative amendments, industry best practices and FNB’s internal compliance procedures and requirements.
• Ensure compliance is adopted in terms of systems and procedures as laid out by FNB.
• Implement and provide input into the development of governance and compliance procedures and processes within area of specialisation and identify risks.
• Ensure optimal usage and protection of business assets.
• Maintain expert knowledge on all FirstRand approved products, application procedure, processing and timelines in order to drive and achieve relevant sales targets.
• Engage in cross-functional activities.
• Collaborate across boundaries and finds common ground with a widening range of stakeholders.
• Maintain and build relationships for purposes of expectation management, knowledge sharing and integration.

You will be an ideal candidate if you:

• Relevant Degree in Investment or Economics.
• Completed Certified Financial Planner preferred.
• Have 3 to 5 years’ experience as a Wealth Manager with sales and advisory experience with high income clients.

Candidates with the following FAIS experience will be given preference:

Cat 1:

• 1.3 Long-Term Insurance subcategory B1
• 1.4 Long-Term Insurance subcategory C
• 1.14 Participatory Interests in a Collective Investment Scheme
• 1.20 Long- Term Insurance Subcategory B2
• 1.21 Long- Term Insurance Subcategory B2- A
• 1.22 Long-term Insurance subcategory B1-A
• 1.26 Participatory Interest in hedge fund

Cat 2 – Advantage

• 2.2 Long Term Insurance Subcategory C
• 2.11 Participatory Interests in one or more CIS
• 2.20 Participatory interest in hedge funds

Additional Requirements

In accordance with National Credit Act (NCA) candidates applying for this role will require a credit record check.