Head of Wealth Management

1 month ago

London, United Kingdom FirstBank UK Limited Full time
Job Description

Head of Wealth Management

London


FirstBank UK is a globally recognised, successful bank who provide world-class services to various institutions and individuals. Offering a comprehensive range of retail and corporate financial services/products, this thriving business boasts over 10 million active customers in over 700 business locations. Due to business requirements, we are now looking to acquire the services of an experienced Head of Wealth Management.


Please note that this is a hybrid role with 3 days in the office and 2 days working from home.


Key Responsibilities:


To drive attainment of key performance targets (Wealth management operations, revenue, new client additions, Product offering development enhancements, etc.), attract and retain high-value clients, and grow the Wealth Management business with a strong focus on client satisfaction metrics within our target market.


Leadership Responsibilities:


  • Promote strong and effective working relationships and communications with staff, ensuring that they are motivated, developed and supported.
  • Work with Head of Private Banking to develop the team’s Business strategy
  • Shape and support development of the business strategy, including periodic performance reviews for CEO.


Sales Responsibilities:


  • Achieve annual new business targets as agreed with Management
  • Ensure the growth and profitability of the Private Banking Wealth Management Portfolio through solicitations and referrals and the judicious selection of Client Portfolios.
  • Develop Sales Leads generation from internal sources, FBN group, client referrals and personal network.
  • On board clients for private banking products and services in accordance with UK and FBN procedures and regulations.


Technical Responsibilities:


  • Drive the accurate assessment of client risk profile, suitability, and appropriateness for Wealth Management Service.
  • Proactively manage the clients’ investment portfolios by applying a range of portfolio management techniques.
  • Promote the education of clients in the wealth management space and provide financial advisory services to enhance the quality of their investment decisions.
  • Review client profiles to ensure investments are in accordance with mandates, risk profiles and risk appetites
  • Oversee and ensure the flow of clients’ transactions and investments portfolio is in accordance with client’s mandate and risk profile.
  • Development of budgets and targets of private banking business and ensure achievement of monthly and annual targets.


Competency Supervisory Responsibilities:


  • Provide supervisory function within WM and Advisory Business Unit, ensuring relevant regulations adhered to for competence sign off of potential Advisors.
  • Liaise with the Bank’s external supervisor to ensure strict adherence to the T & C with regards to attaining competency.


Service Responsibilities:


  • To develop dispassionate and objective relationships with third party fund managers and professionals e.g. law firms, property specialists and tax advisers.
  • Supervise activities of middle office and back office to ensure timely and efficient service delivery to private banking


Key Skills/Experience:


  • At least 10-12 years’ experience as a Private Banker/ Investment Advisor.
  • Understanding of UK regulatory framework and experience in implementing same
  • Experienced manager of a team of advisors.
  • Direct knowledge and experience of the African market (particularly West Africa).
  • Exceptional networking skills and client relationship management skills.
  • RDR Compliant - Level 6.
  • Able to demonstrate commercial instinct in building opportunities into revenue.


In return we offer a fantastic benefits package including:


  • Up to 10% employer pension contribution ​
  • Life Assurance Cover
  • Income protection ​
  • Private Medical Insurance plan (upon successful completion of probation period) ​
  • Contribution to glasses/contacts and eye testing
  • Gym subsidy (up to £50 per month) ​
  • Cycle to work scheme
  • Employee Assistance Program
  • Interest Free season ticket loan for travel
  • Birthday Leave ​
  • 25 days annual leave, rising to 28 after 3 years and 30 after 8 years’ service
  • Give As You Earn (GAYE)


The Curve Group is First Bank UK’s outsource partner for Recruitment and a "Data Processor". The Curve Group will hold the information you submit but First Bank UK will have access to it. You can find their privacy policy here: -policy/

First Bank is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of sex, race, disability, age, sexual orientation, gender reassignment, religion or belief, marital status, or pregnancy and maternity.

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