Private Wealth Banker - Coverage (FAIS)

Absa Group-posted 3 months ago

Worcester, MA

Credit Intermediation and Related Activities

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To build and maintain professional business relationships across a portfolio of Private Wealth clients, by achieving financial targets, proactively acquiring new clients, and improving customer experience within the scope of the Bank's regulatory and compliance frameworks.

To own the primary relationship with our clients by being the client's main contact point and to work collaboratively with specialists (ie financial and estate planners) to ensure that our clients experience the full spectrum of our value proposition.
To ensure that you achieve the required contact strategy relevant to your portfolio based on client segmentation of your bespoke portfolio.
To build, maintain and execute on client relationship plans to ensure you fully understand your clients' needs and that we hold the primary relationship with our clients.
To secure new business through interaction and engagement with current and prospective clients and leads generation and ensure new clients are fully on boarded.
Ensure retention of clients in within acceptable targets and apply remedial actions where appropriate.
Consistently achieve customer satisfaction scores as per agreed threshold by ensuring that customers are appropriately serviced in line with our value proposition.
To work seamlessly with the sales support team in ensuring that they are enabled to support you in your portfolio.
Prepare weekly for performance discussions with Area Manager Coverage to review client contact plans, client relationship plans, opportunities, successes and support required.
To review and negotiate pricing structures with clients, in line with the Absa Pricing policy to ensure that the portfolio profitability is managed optimally.
To effectively cross and up sell the appropriate products to the clients ensuring that all requirements in terms of FAIS, FICA and NCA are met.
Drive Income growth of the Portfolio through the acquisition of new clients.
Analyse sales achieved against opportunities in portfolios on a monthly basis for new and existing client.
Complete a monthly analysis of the profitability of the portfolio of clients including the quality of credit and make recommendations to the Area Manager Coverage if actions are required for identified clients.
Co-Manage high risk clients' accounts in collaboration with Risk stakeholders.
Ensure transparency and open dialogue between credit and the client by communicating the client's requirements.
Assist with the development of high quality credit client solutions which are both practical and appropriate.
Coordinate and drive outstanding client reviews and ensure timeous finalisation.
Ensure that arrangements with clients are within the credit guidelines and that credit is informed of any special arrangements.
Takes ownership of the portfolios risk management through consistent application the bank's regulatory and compliance framework.
To act as backup for other Private Wealth Bankers in the team in case of absence or during peak times according to the agreed schedule.
Keep abreast of developments in the industry/sector to ensure adequate client service and to support potential risks and or opportunities.
Ensure that Continuous Professional Development (CPD) hours are maintained at all times.
Complete the relevant Compliance, Risk and System, Product and role fundamental learning as per the Private Wealth Minimum learning requirements.
Attend relevant economic environmental business forums to be able to raise client conversations to a strategic level.
Subscribe to relevant segment specific initiatives and apply this knowledge to act on opportunities to maximize revenue and profitability.
Demonstrate the willingness and ability to perform to the very best levels to ensure personal alignment to Absa's Values and Vision.

B-degree in Business, Commerce or Management Studies or equivalent NQF Level 7 qualification with five (5) years' relevant Private or Wealth or Premium or Private Wealth Virtual Banking experience and FAIS Compliance.
OR National Diploma / Advanced Certificate in Business, Commerce or Management Studies, or equivalent NQF Level 7 qualification with 8 years' experience in Private or Wealth or Premium or Private Wealth Virtual Banking, of which 4 years must be experience with Non Individuals (Professional Practice) within Private or Business Banking.

Sales Acquisition and Business Development
Customer Relationship Management
Financial and wealth solutions and planning knowledge, including deal structuring
Relationship Banking Risk management, including credit knowledge around complex structures as well as solutions
Financial products knowledge with Superior Communication Skills

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