Private Banking Relationship Manager (AVP/VP)

at  China CITIC Bank International Limited SG Branch

JOB REQUIREMENTS:

• Preferably a Degree holder or equivalent.
• Minimum 6-8 years of relevant banking experiences in serving high net worth individual customers in retail bank or private bank.
• Preferably possess Certified Private Wealth Professional ("CPWP") qualification under Private Wealth Management Association (PWMA).
• Completion of required Regulatory Exams: Client Advisor Competency Standards (“CACS”) – Paper 1, Client Advisor Competency Standards (“CACS”) – Paper 2, Capital Markets and Financial Advisory Services (CMFAS) – M1A or M1B, M5 and M6.
• Possess qualifications for relevant investment licenses registration.
  Job ID PB - AVP/VP

JOB PURPOSE:

Acquire and grow high net worth individual customer base through effective relationship management, with special focus on the customers’ personal financial analysis, protection and investment needs.

JOB RESPONSIBILITIES:

• Achieve the bank’s objective on private banking business target & plans.
• Proactively build and maintain business relationship with individuals who satisfy the bank’s standards of suitability and who meet the bank’s ‘Wealth Criteria’.
• Engage in networking activities with CITIC Group and other business introducers in both Hong Kong and China to enhance the customer referral effectiveness.
• Assist in educating and coaching CITIC Bank Private Bankers about CITIC Bank International’s Wealth Management products and services.
• Fully understand the client’s needs and objectives, provide good services and direct them towards respective suitable products to meet their needs.
• Assist the Team Head in implementing and executing strategic plans; and actively engage in business development activities.
• Maintain a close working relationship with Products & Portfolio Specialist teams to ensure the continued viability of client objectives and to ensure coordination of a client’s overall strategies and needs.
• Manage and monitor client accounts on an ongoing basis in order to understand changing investment needs and objectives and to coordinate portfolio solutions.
• Understand the level of risk associated with all products and services and ensure that this information and any other pertinent information are appropriately disclosed to the client.
• Perform annual review of high risk / unsuitable customers timely.
• Ensure compliance with account opening requirements on CDD and KYC; and
• Review relevant MIS reports to identify any suspicious transactions timely.
• Comply with anti-money laundering and counter terrorist financing controls in accordance with regulatory standards and CNCBI policies.