Citi Wealth Planner

Citi • New York, NY

13d

About The Position

The Wealth Planner Principal is a strategic professional who closely follows latest trends in own field and adapts them for application within own job and the business. Recognized subject matter expert within one area. Strong commercial awareness is a necessity. Is an acknowledged authority both within and outside area of expertise. Typically a small number of people within the business that provide the same level of expertise. Excellent communication skills required in order to negotiate internally, often at a senior level. Some external communication is typically required. Provides advanced judgment and conducts in-depth quantitative or qualitative analysis to solve problems and develop new, innovative solutions. Required to think beyond existing solutions, assumptions or current knowledge of sophisticated areas. Significant impact on a function and/or the business through making decisions that determine technical approaches and strategies for the area.

Requirements

• 15+ years of experience
• Robust investment and trust assets experience
• Demonstrated ability to lead, motivate, and influence others
• Excellent verbal and written communication skills
• Customer service orientation
• Strong analytical/problem solving skills
• Ability to prioritize
• Bachelor's/University degree

Nice To Haves

• Additional professional accreditation like Certified Financial Planner (CFP), Chartered Financial Analyst (CFA) would be an added advantage
• Master's degree preferred

Responsibilities

• Work with Private Bankers to identify prospects and present value propositions offered by fiduciary offshore structures (trusts, investment holding vehicles and insurance solutions) to high-net-worth clients of Citi Private Bank (CPB).
• Attend client meetings with Bankers and participate in presentations and sales pitches
• Understand and keep abreast of changes in legislation in order to ascertain how such laws affect tax efficient offshore trust and company structures and insurance established for clients.
• Be informed and able to discuss current and historical legal/tax environment in the relevant countries the consultant will predominately cover.
• Evaluate client needs and recommend appropriate fiduciary structures in line with CPB and CitiTrust policies and risk parameters.
• Identify opportunities to introduce other organizational capabilities such as insurance, discretionary portfolios and other types of investments.
• Achieve assigned revenue and AUM targets.
• Follow-up on all phases of complex sales from initial sales pitch until closing.
• Responsible for ongoing education and communication with Private Bankers and members of own team on product specific developments
• Coordinate with Trust Centres
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Benefits

• In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards.
• Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs.
• Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays.
• For additional information regarding Citi employee benefits, please visit citibenefits.com.
• Available offerings may vary by jurisdiction, job level, and date of hire.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level