Wealth Specialist

Organisation Unit Purpose:

Emirates Islamic Wealth Management provide wealth management services to various Emirates Islamic Businesses Including PB, PRB, WB and Retail Banking. The aim is to assist Affluent, HNW and UHNW clients by defining their strategic goals and offering specialized and tailored solutions to professionally manage, grow, safeguard, and diversify the future of family wealth. The services offered include a full-service investment management capability, offshore trust formation and real estate investment service.

Job Purpose:

The incumbent will be responsible for:

Work closely with a group of Branch Managers and PBAs to Manage and promote investment Products (mainly Small Sukuk) to Retail Banking Clients

Manage alongside the PBAs and Branch Managers client profiling, Portfolio Management and Portfolio Maintenance.

Training of PBAs and BMs on selling and portfolio management for investments.

Liaise with internal stake holders, product providers and various other parties to ensure smooth processing of sales and prompt reply to client enquiries.

Provide support during initiatives aimed to cross-sell initiatives to increase investment.

Work closely with product team and various other stake holders to ensure smooth delivery of investment products.

Job Dimensions:

Investment Fee revenue: 12 M for 2023

Investment book volume: AED 50 M in 2024

Employees managed directly: 0

Employees managed in – directly: 5-7 PBAs and BMs in the beginning which will be managed in directly for investments and Takaful target and later on by the team reporting to the subject role.

Products managed: Small Sukuk and Mutual Funds

Knowledge & Experience

Bachelor’s degree in Finance or Business / Masters in Finance (MBA) / CFA certification / CISI Certification / Other Certifications

3+ years of similar experience in other banks or wealth management institutions

Experience as wealth manager for at least 3 years

Experience in investment product management

Experience across a wide range of Banking areas, e.g., Retail, wealth management, SME

Strong business judgment and problem solving and analytical abilities, particularly in financial analysis.

Detailed knowledge and understanding of various investment products and current market perspectives.

Detailed knowledge and understanding of investment sales and advisory process.

Understanding of portfolio management approaches in Investment management

Ability to multi-task and work under pressure; flexibility with last-minutes challenges/changes

Excellent skills to influence in direct reports to achieve desired outcomes.

Must be bi-lingual; Highly proficient in written and spoken English and Arabic.

What we offer

• Competitive salary package

• Market-leading incentives

• Strong emphasis on work-life balance and wellbeing across the bank

• World-class Learning & Development platform and career development

• Generous annual leave entitlement and Private Healthcare

• Preferential banking facilities for employees