Organisation Unit Purpose:
Emirates Islamic Wealth Management provide wealth management services to various Emirates Islamic Businesses Including PB, PRB, WB and Retail Banking. The aim is to assist Affluent, HNW and UHNW clients by defining their strategic goals and offering specialized and tailored solutions to professionally manage, grow, safeguard, and diversify the future of family wealth. The services offered include a full-service investment management capability, offshore trust formation and real estate investment service.
Job Purpose:
The incumbent will be responsible for:
Work closely with a group of Branch Managers and PBAs to Manage and promote investment Products (mainly Small Sukuk) to Retail Banking Clients
Manage alongside the PBAs and Branch Managers client profiling, Portfolio Management and Portfolio Maintenance.
Training of PBAs and BMs on selling and portfolio management for investments.
Liaise with internal stake holders, product providers and various other parties to ensure smooth processing of sales and prompt reply to client enquiries.
Provide support during initiatives aimed to cross-sell initiatives to increase investment.
Work closely with product team and various other stake holders to ensure smooth delivery of investment products.
Job Dimensions:
Investment Fee revenue: 12 M for 2023
Investment book volume: AED 50 M in 2024
Employees managed directly: 0
Employees managed in – directly: 5-7 PBAs and BMs in the beginning which will be managed in directly for investments and Takaful target and later on by the team reporting to the subject role.
Products managed: Small Sukuk and Mutual Funds
Knowledge & Experience
Bachelor’s degree in Finance or Business / Masters in Finance (MBA) / CFA certification / CISI Certification / Other Certifications
3+ years of similar experience in other banks or wealth management institutions
Experience as wealth manager for at least 3 years
Experience in investment product management
Experience across a wide range of Banking areas, e.g., Retail, wealth management, SME
Strong business judgment and problem solving and analytical abilities, particularly in financial analysis.
Detailed knowledge and understanding of various investment products and current market perspectives.
Detailed knowledge and understanding of investment sales and advisory process.
Understanding of portfolio management approaches in Investment management
Ability to multi-task and work under pressure; flexibility with last-minutes challenges/changes
Excellent skills to influence in direct reports to achieve desired outcomes.
Must be bi-lingual; Highly proficient in written and spoken English and Arabic.
What we offer
About Emirates NBD
Emirates NBD (DFM: Emirates NBD) is a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region with a presence in 13 countries, serving over 20 million customers. As at 30th September 2023, total assets were AED 836 billion, (equivalent to approx. USD 228 billion). The Group has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 853 branches and 4,213 ATMs / SDMs. Emirates NBD is the leading financial services brand in the UAE with a Brand value of USD 3.89 billion.
Emirates NBD Group serves its customers (individuals, businesses, governments, and institutions) and helps them realise their financial objectives through a range of banking products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The Group is a key participant in the global digital banking industry with 97% of all financial transactions and requests conducted outside of its branches. The Group also operates Liv, the lifestyle digital bank by Emirates NBD, with close to half a million users, it continues to be the fastest-growing bank in the region.
Emirates NBD contributes to the construction of a sustainable future as an active participant and supporter of the UAE’s main development and sustainability initiatives, including financial wellness and the inclusion of people of determination. Emirates NBD is committed to supporting the UAE’s Year of Sustainability as Principal Banking Partner of COP28 and an early supporter to the Dubai Can sustainability initiative, a city-wide initiative aimed to reduce use of single-use plastic bottled water.
