Wealth Management Job Description
Wealth Management Duties & Responsibilities
To write an effective wealth management job description, begin by listing detailed duties, responsibilities and expectations. We have included wealth management job description templates that you can modify and use.
Sample responsibilities for this position include:
Wealth Management Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Wealth Management
List any licenses or certifications required by the position: CFP, CISA, CPA, PLANNER, FINANCIAL, CERTIFIED, CIA, CISSP, PMP, CBA
Education for Wealth Management
Typically a job would require a certain level of education.
Employers hiring for the 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, Business, Economics, Management, Accounting, Financial Planning, Business/Administration, Communication, Graduate, Computer
Skills for Wealth Management
Desired skills for wealth management include:
Desired experience for wealth management includes:
Wealth Management Examples
Wealth Management Job Description
- To liaise and work together with colleagues in other jurisdictions, departments and functions to find compliance solutions to business issues or concerns
- Representing Compliance to the business and providing appropriate advice with regard to regulations and compliance related matters
- Provide impact analysis and assist in providing practical solutions in respect of requirements arising from the implementation of FCA Regulations, EU Directives and other regulatory developments, in respect of new and existing businesses
- Advise on regulatory changes to ensure WM policies and procedures can be updated on a timely basis
- Ensure WM Compliance policies and procedures are reviewed and updated on a timely basis, incorporating regulatory changes
- Assist in representing Compliance in the New Product Approval Process at UK and Global levels, which includes reviewing new products and business initiatives launched in the bank for WM use
- Provide WM Compliance back up for Takeover Panel related matters and reviews
- Develop and maintain business and marketing relationships with our Client Service Coordinators (CSCs)
- Consult with potential clients and obtain financial information, including financial goals
- Collaborate and coordinate with our tax partners to provide tax-efficient financial planning and asset management strategies
- At least 6 years of experience in a similar capacity as dealer is preferred, with a solid understanding of treasury dealing and execution activities
- Ideally will have previous experience within Wealth Management and Compliance
- Proficient in applicable software applications including PARis, Orion, Zephyr
- Experience in organizational development, leadership development, succession planning, talent management, employee relations, and recruitment
- In-depth knowledge of legal requirements related to management of employees
- International HR experience is helpful
Wealth Management Job Description
- Continually monitor the client's financial situation (at least annually) to provide update and progress reporting, re-balancing of asset allocation model and implementation of recommendations
- Manage and cultivate professional relationships with product and/or service providers to our Wealth Management to provide value-added service to clients and Advisors
- Lead all aspects of business analysis activities
- Partner with business users and technology partners, at all levels
- Analyze business processes, requirements, data, and technology products (internal and vendor products)
- Elicit and analyze information to define detailed business and functional
- Documentation (BRD, FRD, Requirements Traceability Matrix, testing strategy and
- Manage the communication of requirements through the implementation lifecycle
- Understand current state / future state business capabilities, system processes
- And data feeds
- Ability to lead special projects by establishing project action plans and executing against plans
- 3 years line delivery banking experience preferably in lending, Trust investment or Wealth Management
- Canadian Securities Course (CSC), and / or other industry-related accreditations are highly desirable
- College degree and three (3) years delivery banking experience preferably in lending, Trust investment or Wealth Management OR
- High School and seven (7) years experience in trust investment or wealth management
- College degree and three (3) years line delivery banking experience preferably in lending, Trust investment or Wealth Management OR
Wealth Management Job Description
- As a senior manager of the bank, participates in formulating, implementing, and administering strategic bank-wide initiatives
- Manages multidisciplinary wealth teams throughout the bank's footprint
- Ensures that Teams are delivering comprehensive, holistic wealth management approach to high net worth clientele As a senior manager of the bank, participates in formulating, implementing, and administering strategic bank-wide initiatives
- In conjunction with the Bank’s strategic plan, determines the structure, direction, and policies of the division
- Drives banking and investment revenue through multi-disciplined Wealth Management teams including fiduciary, advisory, investment, and banking professionals
- Develops, implements, and controls the budget for the division
- Accountable for achieving established sales, revenue, and expense goals to meet the division’s and bank’s performance expectations
- Coordinates with other lines of business managers to set strategies for achieving agreed upon goals for their line of business, including the sale of Wealth Management products within Regional Wealth teams
- Promotes the company and enhances business development opportunities through participation in community and civic activities
- Calling into unassigned accounts
- Securities licenses 7 & 24 preferred (but not required)
- Bachelors Degree required for consideration (or equivalent)
- Excellent oral and written communication skills, project management skills
- Must have some coursework or work related experience with database tools
- Bachelor Degree required (Marketing, Finance or Economics Preferred)
- Professional designation preferred (CFP, CHFC, CPA, MBA)
Wealth Management Job Description
- Analyze current client setups to see trends of opportunities
- Learn/follow the sales process and its impact on the organization
- Follow up with marketing generated leads
- Extensive client contact , involved in all activities that align with prospective and existing clients
- Receives orders from clients in diverse products, includes mastering product specific processes and applications, ensuring accuracy in completion of account and trade documentation
- Performs account maintenance including money transfer requests, address changes, etc
- Serves as liaison and between regional director, sales team, compliance, and other business lines throughout the firm
- Manage account opening process, including but not limited to retrieving relevant executed documentation from clients and compliance with regulatory procedures
- Review client account activity on a daily, weekly, and monthly basis to ensure overall accuracy, proper settlement, and reconciliation
- May attend client meetings, prospect meeting, and client/marketing events
- 7+ years of full service brokerage, banking or fee-based financial planning experience with a book of business predominantly working with clients in a fee-based asset management capacity
- Currently own or operate a financial advisory practice with demonstrable experience in asset management, asset-allocation models and principles
- Bachelor’s Degree in Business Administration, Finance, related field - Required
- Requires knowledge of FINRA and SEC rules and regulations
- At least 5+ years of prior administrative experience
- Prior experience working in the wealth management/finance industry
Wealth Management Job Description
- Learn and become fully proficient in all aspects of our CFP product attributes and how they can support student learning outcomes and the learning experience
- Create and maintain relationships with individual students and small corporate clients
- Prepare and oversee Wealth Management budget, forecasting, and financial reporting to achieve targeted financial objectives
- Capitalize on strategic opportunities in the financial services industry including digitization, structural opportunities, leveraging relationships, and regulatory change impact
- Be proficient in the use of research software and planning software
- Support the Private Wealth management team and rendering an extraordinary high level of services to private wealth management clients
- Facilitate day to day transactional needs of the client base, including processing deposits, payments, transfers or other routine transactions
- Enter and maintain appropriate client records, loan document preparation and assistance
- Respond to client requests for information and assistance within appropriate level of authority
- Support the sales effort by scheduling appointments, making follow up telephone calls, and preparing and maintaining client marketing materials
- Minimum of five years of working experience as a Wealth Planner or Financial Advisor
- FINRA Series 7, 63/65 (or 66 in lieu)
- Influence, engage and lead in a positive, inspiring manner
- Thorough knowledge of the local regulatory requirement including sales process, pertinent regulations impacting retail banking activities and delivery systems and channels, including market potential the regulatory framework
- Operate effectively in a complex matrix driven environment
- Specialization in holistic financial planning