Director, Private Banking at First Abu Dhabi Bank

Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates -

Full Time

Start Date

Immediate

Expiry Date

23 Jul, 26

Salary

0.0

Posted On

24 Apr, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Private banking, Business development, Relationship management, Wealth management, Portfolio management, Sales, Investment solutions, Client acquisition, Strategic planning, Due diligence, KYC, AML, Cross-selling, Financial advisory, Leadership, Decision making

Industry

Banking

Description

* The Private Banker focus is to develop business across diverse markets / regions within all areas of private clients, family offices of UHNWI & HNWI, especially with different offshore and onshore locations ranging across numerous booking centers, which is highly competitive and appealing to the regional and international customer base. * To achieve superior sales revenues / AUMs above a predetermined target & increase FAB’s market share * To provide clients with an above optimum level of service & full investment solutions * Identify/segment target markets, develop business to widen portfolios & implement the strategic /marketing plan for Private Banking. * Building [own] & managing a portfolio of UHNWI & HNWI & provide maximum personalized services * Maintain /expand current/future client base, acquire net new business via referrals, contacts & marketing * Proactively enhance PB’s offerings [Group and/or Open Architecture] by initiating & supporting internal processes & workflows * TASKS * To maintain & develop a client base of HNWI & UHNWI providing excellent service in order to develop net new business to the group + obtain/maintain business via referrals & recommendations within the Group. * Manage specific projects End to End / 360 Degrees including the managing / liaising of other group colleagues. * Develops new business through own sources, existing professional connections, and introductions via the bank with strong inter-personal skills and experience at both generating new business and managing high profile client relationships. * Opportunity spotting externally & from within the Group. * The individual will always promote the 3 main businesses of Private Banking, marketing & business development to clients for both Offshore [Switzerland ] & Onshore [UAE] * Coordinates & promotes prospects & business with other RMs as well as other Group coordinates Globally. * Promotes the cross selling between Group branches/offices in the Gulf & elsewhere Globally. * Develop & maintain strong relationships with decision makers in key positions & turns relationships into sources of referral [inwards / outwards] * Identifies target markets, develops new business, increases wallet share of existing clients, & implements the annual marketing plan * Initiates pro-actively, solutions, sales & market initiatives * Participates with others in Product development & marketing * Solicits business primarily, but NOT limited to the disciplines of the trilogy of Private Banking [Banking, Fiduciary [Wealth Protection such as Trusts, Foundations Offshore Cos etc], Portfolio Management [Execution only, Advisory & Discretionary] but also includes examples such as derivatives [e.g. DCDs, esoteric funds [aircraft operating leases, mezzanine debt, etc] * Maintains a designated list of clients’ portfolios * Develops new investment relationships, attracts new key clients to FAB. Furthermore, develops the private client side of FAB’s key strategic clients’ segment [e.g. Directors of Multinational as well as UAE / GCC / Sub-Continent diasporas-based Cos] * Provides advice & ultra-high level of solutions & service 24/7 – 365 days of the year regardless of being in the office, on vacation and / or on an international business trip * Assesses prospects with the aim of converting to clients by a full vetting / due diligence process addressing issues connect with PEPs. OFAC, AML and including KYC to international standards which is unique to GPB; as still not introduced in the rest of NBAD * Assesses financial needs, risk tolerances/appetite, & develops optimal investment solutions * Ensure, clients’ relationships are monitored & maintained [Completes & updates all reports which includes e.g. KYC, regular Call Reports, Leverage/Lending related issues, interest charges paid on time, maturities, etc]. * Ensures that clients’ portfolios are regularly screened for proper diversification, unless client specifically requests this not to be the case * Participates in product development / marketing if & when required [Some SPBs have been deeply & actively involved with colleagues in PBU regards items such as Hold Mail & Bills Discounting] * Maintains MIS portion relating to the individual * Cross sells / promotes all Investment Banking, FABS, GAM, ADNIF, etc.... * Promotes PB’s Open Architecture solutions on a case-by-case basis to serve the clients’ best needs & requirements * Manage the respective PB UAE office [End to End] for administrative purposes in the absence of the respective business heads on a rotational basis as & when required. * Manages on a partial basis (time needs) basis RMs support staff in respective PBU office /liaising with Middle office, Back offices, RMD, ACD etc * All other tasks as reasonably & unreasonably requested About Us: First Abu Dhabi Bank (FAB) is the largest bank in the UAE and one of the world's largest and safest financial institutions. We offer a comprehensive range of personal and private banking services, including credit cards, Islamic banking, investments, loans, and mortgages. Our commitment to excellence and innovation drives us to provide top-tier financial solutions to our clients. Life at FAB: Working at FAB means being part of a team of talented and passionate individuals with a shared vision to support the ambitions of our stakeholders to "Grow Stronger." We embrace the needs of our customers across the globe with a sense of responsibility and confidence driven by extensive expertise that can only be delivered by an ambitious world-class organization Career Development: FAB offers unique career choices, a chance to innovate, craft solutions for the future, and express yourself in a performance-based culture that will unleash the best in you. Whether you are an experienced professional or just starting your career, FAB provides a range of learning and development initiatives to support all employees through training and skill development. Our Values: At FAB, we place our customers at the core of our activities, live our values each day in every way, celebrate achievements, and empower each other to deliver leading solutions. We have structured plans for the recruitment and career progression of Emirati talent to enable them to make a mark in the financial and banking sector both regionally and globaly that rewards your hard work and dedication. Join our team and be part of a journey to shape the future of banking.

Responsibilities

The Director will manage and expand a portfolio of UHNWI and HNWI clients while driving business development across offshore and onshore locations. They are responsible for providing comprehensive investment solutions, ensuring regulatory compliance, and coordinating cross-functional teams to meet sales and AUM targets.