Private Bank - Relationship Manager, KSA
Deutsche Bank
Job Description:
Your Role
You as a Relationship Manager are the primary point of contact for clients to access the entire suite of wealth management capabilities and solutions offered by Deutsche Bank Wealth Management. This is achieved by working in close partnership with the Investment Manager (IM) in the day-to-day planning and servicing for the client. You are responsible for acquiring new clients - who are in line with the business proposition of the bank - and assets as well as grow existing business relationships, assuring a holistic and high-standard client experience.
Your Key Responsibilities
Identify, develop and maintain HNW/UHNW relationships.
Increase wallet share/AuM by undertaking a business development, sales or relationship management approach as appropriate.
Responsible for the overall Net New Assets creation and revenue generation on the respective books in a scalable and efficient way.
Balance client relationship, prospect buiding, investment growth, administrative compliance, personal growth and development on a day-to-day and longer-term basis.
Plan and manage resources (time, budget) to run an optimal business.
Recommend investment products and services that are suitable for clients based on their objectives, resources, time, horizon, risk profile and preferences.
Review client portfolios periodically to ensure the portfolio performance is aligned with clients’ investment objective and risk profile.
Partner with IMs in covering clients to discuss/manage financial goals, risk tolerance, research/analyze market conditions, provide bank views of various investment types, recommend asset allocation and provide explanation on how they benefit/hinder investment objectives.
Act as the Accountable Client Owner with responsibility for all AML aspects of the client relationship; including KYC and account behavior.
Establish and maintain relationships with the management teams and informing management of any circumstances that require supervisory attention/review/approval.
Work in close co-operation with other coverage, product and support functions to deliver DB’s value proposition, leveraging also other DB divisions where possible.
Actively support the business / growth strategy, plans and values, new products and services, contributing to the achievement of a high performing team.
Participate in relevant client social events as well as in PR and other marketing activities.
Your Skills and Qualifications
Masters degree with a background in Finance preferable
Certified Chartered Financial Analyst (CFA) or Master of Business Administration (MBA) is desirable
Fluency in English is a prerequisite
At least 10-12 years industry experience
Excellent communication and collaboration skills
Client-oriented, solution-oriented and able to work in a high paced environment under pressure
Superior investment acumen and solid network of clients in the target coverage market is required
Good understanding of Governing Regulatory Framework
Strong Collaboration skills and excellent communication skills with a positive approach
Professional integrity
Ability to manage resources and allocate them for most effective use
Willing and able to develop other staff
What we will offer you
A healthy, engaged and well-supported workforce is better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its center.
You can expect:
Life Insurance
Accidental Death Insurance
Permanent Partial Disability Insurance
Private Medical Insurance for you, your spouse and dependent children
Flexible working arrangements
30 days of annual paid leave, plus public holiday & Flexible Working Arrangement
DB contributions to Employee Workplace Savings "Gosi” plan (for Saudi nationals only)
About us and our teams
Deutsche Bank is the leading German bank with strong European roots and a global network. click here to see what we do.
Deutsche Bank & Diversity
We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.
Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.
We welcome applications from all people and promote a positive, fair and inclusive work environment.