Private Banking Executive at Chanelle Microfinance Bank

Job Summary:

• The Private Banking Executive is responsible for managing and growing a portfolio of high-net-worth clients by providing tailored financial solutions and services. This role involves building strong relationships with clients, understanding their unique financial needs, and offering personalized investment advice and wealth management services as well as ensuring deposit mobilization. The Private Banking Executive will work closely with internal partners and external stakeholders to deliver a seamless and exceptional client experience.

Key Responsibilities:

Client Relationship Management:

• Develop and maintain strong, long-term relationships with high-net-worth clients.
• Understand clients’ financial goals, risk tolerance, and investment preferences to provide customized solutions.
• Conduct regular reviews of clients’ portfolios and provide recommendations based on market trends and changes in clients’ financial situations.

Business Development:

• Identify and pursue new business opportunities to expand the client base.
• Network with potential clients and referral sources to build a pipeline of new prospects.
• Develop and implement strategies to achieve individual and team sales targets.

Financial Planning and Advisory:

• Deposit Mobilization

Compliance and Risk Management:

• Ensure all client interactions and transactions comply with regulatory requirements and internal policies.

Collaboration and Teamwork:

• Participate in team meetings and contribute to the development of the private banking strategy.
• Share market insights and knowledge with colleagues to foster a collaborative working environment.

Qualifications:

• Bachelor’s degree in finance, business administration, economics, or a related field.
• Minimum of 2-3 years of experience in private banking, wealth management, marketing/sales or a related field.
• Strong knowledge of financial products, deposit/savings mobilization, investment strategies, and market trends.
• Excellent communication, interpersonal, and negotiation skills.
• Proven track record of building and maintaining client relationships and achieving sales targets.
• High level of integrity and commitment to client confidentiality and ethical standards.