Wealth Manager - Banking

Designation: Wealth Manager

Reports To: Team Leader

Locations: Across India

Role Summary:

If you love interacting with high-net-worth people and maintaining strong long-term relationships, this is the position for you!

The wealth manager is the ultimate face of the business as He / She is going to be the final point of contact with the client and would be responsible for acquiring high-net-worth relationships and managing & retaining such relationships by delivering the best standards of services. Incumbent would be expected to establish strong ties with them by designing & implementing their financial plans; and then by ensuring that they receive and execute the right advice.

Responsibilities:

To prospect, acquire, and retain clients

To achieve budgeted targets in terms of number of clients/volume of business & assets.

To research, investigate, and update themselves on available investment opportunities/financial market trends to determine whether they fit into clients' portfolios

To understand client's needs & requirements and accordingly, position products & services To coordinate with product and research teams for making investment decisions for the clients

To recommend strategies clients can use to achieve their financial objectives, including specific recommendations in such areas as cash management, and insurance coverage other than investment planning also to ensure a one-point relationship for the client

Contact clients periodically and determine if they are satisfied with the service and returns generated. Also, to review their investment needs to determine whether market changes, life changes, economic changes, or financial performance indicate a need for portfolio reassessment

To provide various investment performance reports and summaries to the clients

To build and maintain client bases, along with relevant comments/remarks for future reference

To guide clients in the gathering of information/documents required such as bank account records, income tax returns, life and disability insurance records, pension plan information, and wills, etc.

To conduct and assist in organizing seminars, workshops, and other business development activities

To prepare the MIS reports in the specified formats

Having a minimum book size of 25 to 50 crore

Wealth managers, by contrast, provide services needed primarily by high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs), such as capital gains planning, estate planning, and risk management.

Requirement:

- An MBA in finance Degree holder or focused education in financial planning/wealth management

- Other qualifications like CFP will be an advantage

- 4 to 8 years of relevant work experience in the financial industry preferred

Behavioral Competencies:

- Positive attitude, socially effective, high level of perseverance and patience

- Assertive & hardworking

- Result oriented

- Attention to detail

Technical Competencies:

- Good Analytical Skills

- Drive buying decision

- Proficient in Excel and PPT skills