Job Classification Requisition - 145837- Melissa Cloete Business Unit - Nedbank Private and Wealth: High Net Worth Location - Nedbank Pietermaritzburg Preference will be given to Applicants from Underrepresented Groups J…
Job Classification Requisition - 145837- Melissa Cloete Business Unit - Nedbank Private and Wealth: High Net Worth Location - Nedbank Pietermaritzburg Preference will be given to Applicants from Underrepresented Groups J…
Skills: Wealth Management, Investment Advisory, New Business Acquisition, Client Relationship Management, Estate Planning
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Durban, KwaZulu-Natal, South Africa · On-site
Mid level
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Full-time
bachelor degree, postgraduate degree, professional certificate
Posted 54d ago
Apply by Jun 25
~40 hrs/week
Responsibilities
Manage high-net-worth client wealth needs through an ongoing advisory process to drive revenue and client centricity. Lead a team of wealth managers and paraplanners while ensuring compliance with statutory and internal governance requirements.
Requirements
Requires a minimum of 5 years experience in private client investment portfolios and a professional qualification or Honours degree in Commerce or Finance. Essential certifications include the RE5 regulatory exam and FAIS representative status.
Full job description
Job Classification
Requisition - 145837- Melissa Cloete
Business Unit - Nedbank Private and Wealth: High Net Worth
Location - Nedbank Pietermaritzburg
Preference will be given to Applicants from Underrepresented Groups
Job Family
Investment Banking
Career Stream
Advisory
Leadership Pipeline
Manage Others (MO)
FAIS Affected
FAIS Affected - Yes
Job Purpose
To manage clients wealth needs through an ongoing advisory process to achieve Nedbanks strategic goals of client centricity and revenue generation; as per the business strategy.
Job Responsibilities
Formulate innovative solutions for our high net-worth clients on their wealth journey whilst being aware of market trends and variables that may impact their investment plans.
Achieve predetermined sales targets across the business by identifying opportunities in the client base to advise clients on NPWs approved investment, risk and banking solutions.
Acquire new business for the portfolio in line with the Customer Value Proposition segment specifications and acquisition targets to increase market share.
Maximise bank profitability and ensure value add to customers through cross-selling specifically focusing on wealth leads and lending opportunities. This includes the complete spectrum of Transactional Banking accounts, Investment accounts,Foreign exchange requirements, Non-Resident, Exchange control and Offshore banking requirements.
Maintain expert knowledge of all Nedbank Wealth's approved products, application procedures, processing, and timelines, whilst using this knowledge to drive relevant sales targets.
Inform and educate clients on products and services to ensure retention of existing clients, increasing sales revenue, and expanding the organisation's client base.
Collaborate successfully across all relevant areas to achieve shared goals.
Ensure compliance with relevant statutory, legislative, policy, and governance requirements.
Stay up to date with relevant legislative amendments and industry best practices, as well as the Company's internal compliance procedures.
Ensuring that the quality of advice remains high and consistent and in line with NPW's investment philosophy and approved products.
Contributing to sustaining a competitive edge through external networking, benchmarking, and representation on related forums.
Developing networks and build alliances to grow and strengthen internal support bases.
Provide support and coaching the wealth managers, paraplanners and other staff as required.
Lead team effectively and efficiently across the HR value chain including recruitment, performance management, retention of critical staff, succession planning, coaching and talent management.
Essential Qualifications - NQF Level
Professional Qualifications/Honour’s Degree
Preferred Qualification
Degree in Commerce/Finance/ Business Science etc
Post Graduate Diploma in Financial Planning
Certified Financial Planner (CFP) or studying towards CFP advantageous
Regulatory FAIS Exams - RE5 (essential)
Essential Certifications
FAIS representative and preferably a Key Individual
Minimum Experience Level
minimum of 5 years Management of private client investment portfolios, estate and tax planning, international investments
Wealth advisors connecting money decisions to every aspect of your life.
Industry
Financial Services
Company size
201-500 employees
Founded
1834
Headquarters
Sandown, Gauteng
LinkedIn followers
30,016
Nedbank Private Wealth, a wholly owned subsidiary of Nedbank Group Limited, draws on a heritage of wealth management that goes back to 1834. The knowledge we have gained over the years enables us to deliver an award-winning wealth management service. Our approach is tailored to meet the needs of individuals, families, trusts and non-profit organisations, and is based on a deep understanding of who you are and your overall wealth management objectives. The specialist advice and technical expertise we offer spans the full spectrum of wealth management services, including banking, investment, fiduciary, insurance and philanthropy. This is supported by the latest technology, giving you easy access to our services wherever you or your wealth is. We do our best to cut through the complexity and jargon often associated with financial services to provide a fully integrated and seamless approach to the management of your wealth.
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