Head, Private Wealth Management at ARM Life

Job Summary

• The Head of Private Wealth Management is responsible for leading the private wealth management division, developing strategies to attract and retain high net worth clients, and delivering tailored financial solutions.
• This role involves overseeing a team of wealth managers, ensuring exceptional client service, and achieving the division’s financial goals.
• The ideal candidate will have extensive experience in wealth management, strong leadership skills, and a proven track record in managing high net worth client relationships.

Job Details

Key Responsibilities

Strategic Leadership:

• Develop and implement the overall strategy for the private wealth management division.
• Identify growth opportunities and set targets for client acquisition and retention.

Team Management:

• Lead, mentor, and manage a team of wealth managers and support staff.
• Set performance goals and monitor team achievements.
• Provide coaching and development opportunities to enhance team performance.

Client Relationship Management:

• Build and maintain strong relationships with high-net-worth clients.
• Oversee the delivery of personalized financial advice and solutions.
• Conduct regular portfolio reviews and performance assessments.

Business Development:

• Develop and execute strategies to expand the client base and increase assets under management.
• Identify and capitalize on cross-selling opportunities for financial products and services.
• Collaborate with other departments to deliver comprehensive solutions to clients.

Financial Management:

• Develop and manage the division’s budget, ensuring effective allocation of resources.
• Monitor financial performance, including revenue, expenses, and profitability, and take corrective actions as needed.
• Provide regular financial reports and analysis to senior management.

Risk Management and Compliance:

• Ensure compliance with regulatory requirements and internal policies.
• Monitor and manage risks associated with client portfolios.
• Maintain accurate and up-to-date client records and documentation.

Market Analysis and Insights:

• Stay informed about market trends, economic conditions, and industry developments.
• Provide insights and recommendations to clients and the team based on market analysis.

Requirements

Education:

• Bachelor’s degree in finance, Business Administration, Economics, or a related field. A master’s degree or relevant professional certification (e.g., CFA, CFP) is preferred.

Experience:

• Minimum of 15 years of experience in wealth management or private banking, with a focus on high-net-worth clients.
• Proven track record in client relationship management and business development.
• Experience in client-facing roles within sectors like law firms, hospitality etc. that involves managing HNIs or UHNIs.
• Experience in managing a team and driving team performance
• Experience in a leadership or senior management role is highly desirable.

Other Requirements:

• Strong knowledge of financial markets and investment products.
• Excellent communication, negotiation, and presentation skills.
• High ethical standards and a commitment to maintaining client confidentiality