Banking Jobs In UAE 2023 | Emirates NBD Careers

  Banking Jobs In UAE 2023 | Emirates NBD Careers

Banking Jobs In UAE 2023 | Emirates NBD Careers

Emirates NBD announced on its official Linkedin page a vacancy

Retail Wealth Manager

Emirates NBD

  • Emirates NBD, the leading banking group in the Middle East, North Africa and Turkey region, was established on June 19, 1963.
  • As of September 30, 2022, its total assets amounted to 721 billion dirhams (equivalent to approximately 196 billion US dollars).
  • The acquisition of Denizbank represents a pioneering achievement for Emirates NBD, as the group has a presence in 13 countries and serves more than 17 million customers.
  • Emirates NBD has been ranked among the first twenty names on Forbes magazine's annual list of "The World's Most Respected Companies", reserving a leading position among the elite global companies and institutions.
  • The Group operates in the United Arab Emirates, Egypt, India, Turkey, Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and has representative offices in China and Indonesia through its network of branches that includes 885 branches in addition to 4,113 ATMs and instant deposit machines.
  • Emirates NBD is the leading financial services brand in the UAE, with a brand value of $3.7 billion.
  • The Emirates NBD Group provides its services to individual, corporate, government and institutional clients and helps them achieve their financial goals by providing a range of banking products and services, including retail and corporate banking, institutional, Islamic, investment and private banking, asset management, global markets, treasury and brokerage operations.
  • Emirates NBD currently employs more than 28,000 employees representing more than 70 different nationalities, making it one of the largest and most diversified employers in the country.
  • As the most prominent national banking group, the Emirates NBD Group is an ambassador for the economic and social progress of the Emirates in the entire world.
  • Emirates NBD has won many prestigious awards over the years.

About the Job:

  • Retail Wealth Manager is a business leadership role and the incumbent will be responsible to manage a team of Wealth Specialists who will be responsible in delivering the wealth targets and growing the customer base and penetration rate within the three main retail business segments. 
  • The role holder is expected to interface with several internal and external parties to ascertain strategic roadmap for the business and implement the associated action plan to achieve desired results.

Job Responsibilities:

  • Meeting revenue targets for investment business.
  • Regular monitoring of daily activities affiliated with reporting areas.
  • Performance review for all Wealth Specialists including training, coaching and appraisal of their skills and technical knowledge
  • Responsible for area wide revenue in PRB, BBU and PSB.
  • Design and execute sales and marketing plan specific to each micro market order.
  • To be fully aware of all policies relating to operational risk and sales processes etc and comply with the same.
  • To be responsible for assessing that Wealth Specialists are well conversant in client risk, suitability of products & explaining appropriate products & services to meet client requirements.
  • To safeguard the reputation of Emirates NBD by employing best practices and acting in a professional manner at all times.
  • To have full awareness of all policies and procedures issued in relation to investments and money laundering prevention and KYC.
  • Provide direction to Wealth Specialists to proactively manage existing portfolio of client relationships
  • Take an active part in development of the team of Wealth Specialists and RMs within the assigned area.
  • Regular performance dialogue with Cluster Managers on their team’s performance.
  • Coach the underperforming Wealth Specialists and realign them with the business objectives.
  • Conduct a performance development plan for the Wealth Specialists s to develop them to the next role.
  • Communicating the key strategic messages of the bank/business and reinforcing the message at regular intervals.
  • To be competent to use discretionary powers, on a case-to-case basis, for approvals and waivers.
  • To keep abreast of market trends, customer preferences and new products, as well as to regularly monitor activity by key competitors.
  • To adopt an open and effective communication style and to be a strong team leader for the benefit of the overall team/unit.
  • To continuously strive for self development and improvement by identifying training/coaching needs and communicating them in a timely manner to the Head of Priority Banking as appropriate.
  • To undertake the responsibility of maintaining the ratio of Advisory trades vs Execution only trades at the cluster level within the bank’s desired and communicated ratio to avoid exposing clients to excessive or unnecessary market risks.

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