Senior Relationship Manager RAKBANK

  • Full time
  • Dubai, UAE
  • Posted 5 months ago
  • 25000-35000 AED / Month
  • This position has been filled

RAKBANK is presently hiring suitably qualified and experienced candidate for the job role of Senior Relationship Manager. The role holder is responsible to build and maintain strong client relationships, understand and meet their financial needs, and contribute to the bank’s growth through effective portfolio management and client retention.

Responsibilities of Senior Relationship Manager

  • Generate new business to achieve defined sales targets in all Wealth Management products.
  • Build and deepen relationships with existing WM customers to achieve increase in share of wallet and revenues.
  • Handle portfolio of customers who are of a higher and more sensitive nature.
  • Assessment of the quality, potential and profitability of new relationships as well as the existing portfolio.
  • Ensure that the service standards of WM are met and maintained
  • Provide truly professional customer service to achieve a high level of customer satisfaction and retention.
  • Ensure proper documentation is done across products and timely draw-down.
  • Update customers on the global economic policies and trends; be abreast with information on equities, bonds, commodities, futures, options, indices, bullion, derivatives.
  • Offer products that suits the customers risk profile and appetite.
  • Be fully abreast with the market competition to be able to provide information to the customer on products without any bias.
  • Be able to manage an incremental portfolio of relationships; liabilities, AUM and assets.
  • Advise and promote Mortgage, SME business and other businesses of the bank and to refer potential cases to the respective business.
  • Be fully aware of entire product and service range available in WM programme and keep abreast of market developments, both global as well as local.

Requirements of Senior Relationship Manager

  • A bachelor’s degree in human resources, business administration, or a related field is typically required.
  • 6-7 years of experience in similar role.
  • Experienced in Wealth Management and relationship management in a similar HNWI relationship management role in banks
  • Experience in advisory level on investment product offerings

Skills and Knowledge Desired

  • Strong selling and inter personal skills required to market new customers and sell bank products.
  • Knowledge on investment products and skills to evaluate customers need using analytical approach.
  • Knowledge on market economics and the working dynamics of the stock / share / commodities / equities.
  • Initiative and drive to achieve set targets and service standards
  • Relationship Management skills.
  • Ability to understand alternative investment opportunities to resist competitive pressures and retain clients.

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