Private Wealth Management Job Description
Private Wealth Management Duties & Responsibilities
To write an effective private wealth management job description, begin by listing detailed duties, responsibilities and expectations. We have included private wealth management job description templates that you can modify and use.
Sample responsibilities for this position include:
Private Wealth Management Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Private Wealth Management
List any licenses or certifications required by the position: CFP, CPA, ABM, CISA, CBA, CIA, PMP
Education for Private Wealth Management
Typically a job would require a certain level of education.
Employers hiring for the private wealth management job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Finance, Accounting, Business, Management, Business/Administration, MBA, Marketing, Education, Legal, Financial Services
Skills for Private Wealth Management
Desired skills for private wealth management include:
Desired experience for private wealth management includes:
Private Wealth Management Examples
Private Wealth Management Job Description
- Helps organizes the day-to-day tasks for PWM Sales Management
- Provides administrative support to various members of the Sales Management leadership team
- Coordinates VIP client meetings for Sales Management
- Coordinates branch visits and plans other team events
- Develop and maintain platform knowledge
- Maintain LP profile and data
- Serve as steward for Salesforce
- Assist on marketing efforts within LP base
- Apply your unique background and experiences to develop deep relationships with family office clients and help grow the business
- Participate in structuring and negotiating deal transaction terms and investments
- Excellent communication skills in English and preferably Chinese
- At least 4-6 years of relevant work experience in Operations processing or PWM support
- Previous client service experience is required
- Cantonese and Mandarin a must
- Good knowledge of KYC, account on-boarding and various products including derivatives
- Able to manage multiple tasks or projects and manage deadlines effectively
Private Wealth Management Job Description
- Work closely on business development initiatives including managing client-related events, spearheading product development, improving sourcing channels, and creating scalable solutions
- Work closely with Private Wealth Advisors to support and expand existing family office client relationships
- Computer literate with the ability to quickly access and utilise the full range of computerised account and product information systems within the Bank’s applications
- Prepares high level estimates for design
- In some instances, delivering bespoke investment and strategic advice to high net worth individuals and their families
- Business case development including research and data analysis
- Creation and implementation of teammate and client tools needed to deliver satisfactory teammate experience
- Assist with various projects from Financial Advisors
- Assist with administrative functions including answering phones and responding to basic client questions and forward more advanced calls to Client Relationship Associate or Financial Advisors for handling
- Schedule various meetings, conference calls, for Financial Advisors
- Strong knowledge of banking regulations in Singapore and Hong Kong
- SFC Type 1 required (for role based in Hong Kong) / CMS rep license from MAS (for role in Singapore)
- Previous client facing experience is preferred
- Bachelors degree is desired but not mandatory
- Excellent grammar, editing and proofing skills required
- Minimum of 3.5 years work experience with previous client service experience
Private Wealth Management Job Description
- Cultivate new advisor relationships, and deepen existing relationships using various mutual fund and separate account products
- Maintain contact relationship management database (SalesForce) to track meetings, advisor information
- Provide primary phone support for the PWM Leadership Team
- Coordinate the day-to-day administrative tasks for the PWM Leadership Team
- Coordinate golf outings, offsite events and meetings on behalf of PWM
- Coordinate sporting event ticket distribution to PWM network (Brewers, Bucks, Admirals, Badgers, Packers)
- Organize VIP client visits, council meetings and misc
- Responsible for the overall organization and appearance of the PWM suite common areas, including the conferencing room, welcome area, kitchen, and copier/supply room
- Consistently display a positive ‘can-do’ attitude and proactively seek ways to assist the team with various tasks as required
- Proactively seek ways to continuously improve department efficiency, effectiveness and profitability
- Cantonese and Mandarin language skills (Business level) a must
- Have a high level of self-initiation to challenge and improve processes
- HK SFC Paper 1 is required
- SFC Type 1 required
- Minimum 3 years strategy, product management or channel experience with a strong track record of growing profitable businesses and implementing change within an organization
- The successful candidate should have strong communication and inter-personal skills, client service skills, desire to work in a team environment
Private Wealth Management Job Description
- Delivering accurately in a fast-paced environment
- Driving change through implementation of improvement opportunities while delivering results
- Learning plan designs so that questions and issues can be appropriately addressed
- Seeking out solutions that do not create additional manual work efforts and support the business objectives
- Managing own schedule for completing deliverables with the business, by working with the various business support partners
- Documenting processes and procedures where needed to manage risk of the important activities that take place within the department
- Managing repositories of information evidencing justification for plan payments and exceptions
- Partner with team member to accomplish a common goal of providing exceptional service
- Enforce the firms written supervisory policies and procedures
- Be responsible for review and approval of asset disbursements and client authorization documentation
- Master’s degree in Education, Business Administration, Human Resources or related degree preferred
- 4+ years of public accounting experience (at least 3 years in investment management) or equivalent in law firms or industry
- CPA, Enrolled Agent, or other appropriate certification (or in process of obtaining)
- Some knowledge of trust principles and regulatory and tax matters relating to the administration of trust accounts
- Degree or equivalent preferably in a relevant discipline
- Minimum 4 years experience in Compliance in a financial institution, preferably in private banking / wealth management
Private Wealth Management Job Description
- Schedule and record interactions in CRM, assigning follow up back to the Business Development Consultant or to one’s self
- Collaborate with the Consultants on pre-meeting strategy and preparations to enable the highest quality and most relevant meetings with Advisors
- Manage, and ideally improve on, an array of reporting tools and databases used in reporting on the group’s performance both within the team and to stakeholders such as PWM Leadership and Research, Products & Services leaders
- Proactively generate ideas that link strategies to relevant tactics which Advisors may utilize to generate more business and/or improve client outcomes
- Take a lead role in proactively supporting select Advisors and branches with business development ideas and advice
- Support or lead in the execution of various meetings including regional events, client / prospect events, or workshops
- Act as a liaison with internal partners in Research, Products & Services Operations, Fee Based Administration, Event Planning
- Over time, a successful Practice Management Associate will be expected to proactively generate ideas for the team and travel modestly to branch offices to help advisors and managers in person
- Deliver on specific tasks and reporting requirements related to cash processes
- Prepare daily MIS and monthly performance
- Bachelor’s degree or equivalent work experience in Human Resources, Education or related field
- Familiar with wealth management investment suitability requirements and corresponding supervisory monitoring processes
- Familiar with the operations of wealth management business and the corresponding SFC rules and regulations and able to identify compliance/regulatory risks within the business
- Good analytical and investigation skills and able to work independently
- Ability to act decisively and independently in situations requiring quick analysis
- Excellent skill in spoken and written English