Urgent! Business Development Manager in Wealth Management in a Major UAE-Based Bank Job Opening In Dubai – Now Hiring S.P.S People FZE
Expertini
Our client, a major UAE-based bank, is looking for successful and ambitiouscandidates for a position of Business Development Manager (BDM) in the Wealth Management division of the bank.
This permanent role is based in Dubai, United Arab Emirates, and potential candidates shall be currently located in the United Arab Emirates; no relocation from other countries is possible for this role.
You will be responsible for driving growth in the wealth management business by identifying, developing, and acquiring new client relationships and expanding existing ones.
You will play a crucial role in implementing the business development strategy, building strong networks, and promoting the bank's wealth management offerings to potential VIP/wealth management customers of the bank, including high-net-worth individuals (HNWIs), and ultra-high-net-worth individuals (UHNWIs).
Key Responsibilities: New Client Acquisition: Identify and target potential VIP/wealth management clients through various channels, including networking, referrals, social media, industry and other events, and proactive outreach; Develop and execute strategic plans to acquire new wealth management clients; Conduct thorough needs analysis to understand clients' financial goals, risk tolerance, and investment preferences; Present and articulate the bank's wealth management solutions, including various investment products, financial planning, insurance products, and other wealth management products and services of the bank; Manage the end-to-end client acquisition process, from initial contact to successfully completed onboarding.
Relationship Management & Growth: Build and maintain strong, long-term relationships with new wealth management clients; Act as a trusted advisor, providing ongoing support and guidance to new wealth management clients; Identify opportunities to deepen client relationships by offering additional products and services; Stay informed about clients' evolving financial situations and proactively recommend adjustments to their wealth management strategies.
Market Analysis & Strategy: Conduct market research to identify emerging trends, competitor activities, and potential client segments; Contribute to the development and implementation of the bank's overall wealth management business development strategy; Provide feedback to the leadership of the wealth management team, wealth management relationship managers, product development team on market needs and opportunities for new or enhanced offerings.
Networking & Partnerships: Develop and maintain a strong network of professional contacts, including wealth management relationship managers, wealth product advisors, legal advisors, and other potential referral sources within the bank for new wealth management clients; Represent the bank at industry events, seminars, and conferences to build brand awareness and generate leads; Explore and establish strategic partnerships to expand the bank's reach and client base.
Business Development Reporting: Maintain accurate records of client interactions and sales/business development activities; Prepare regular reports on business development efforts, pipeline, and results; Adhere to all regulatory requirements and internal policies of the bank related to wealth management activities.
Collaboration: Work closely with relationship managere, wealth advisors, and other internal stakeholders of the bank to deliver comprehensive wealth management solutions to new clients; Participate in team meetings and contribute to a collaborative and supportive work environment.
Requirements Qualifications of a Successful Candidate: Bachelor's degree in Finance, Business Administration, Economics, or a related field; Proven track record of success in business development and client acquisition within the wealth management or financial services industry; Good understanding of wealth management products and services, including investment strategies, financial planning principles, and relevant regulations; Excellent communication, presentation, and interpersonal skills, with the ability to build rapport and trust with high-net-worth individuals; Exceptional networking and relationship management abilities; Strong analytical and problem-solving skills; Self-motivated, results-oriented, and able to work independently; Knowledge of the local market and the UAE regulatory environment is highly desirable; Fluency in English is essential; knowledge of Arabic may be an advantage.
Key Competencies: Client Focus; Results Oriented; Strategic Thinking; Relationship Building; Communication and Presentation Skills; Negotiation Skills; Market Awareness; Integrity and Trust.
Benefits A competitive compensation package shall be discussed with the shortlisted candidates.
1-3 years
Explore profound insights with Expertini's real-time, in-depth analysis, showcased through the graph below. This graph displays the job market trends for Business Development in Dubai, United Arab Emirates using a bar chart to represent the number of jobs available and a trend line to illustrate the trend over time. Specifically, the graph shows 3566 jobs in United Arab Emirates and 2474 jobs in Dubai. This comprehensive analysis highlights market share and opportunities for professionals in Business Development roles. These dynamic trends provide a better understanding of the job market landscape in these regions.
Great news! S.P.S People FZE is currently hiring and seeking a Business Development Manager in Wealth Management in a Major UAE Based Bank to join their team. Feel free to download the job details.
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The fundamental ethical values are:The average salary range for a Business Development Manager in Wealth Management in a Major UAE Based Bank Jobs United Arab Emirates varies, but the pay scale is rated "Standard" in Dubai. Salary levels may vary depending on your industry, experience, and skills. It's essential to research and negotiate effectively. We advise reading the full job specification before proceeding with the application to understand the salary package.
Key qualifications for Business Development Manager in Wealth Management in a Major UAE Based Bank typically include Business And Financial Operations and a list of qualifications and expertise as mentioned in the job specification. Be sure to check the specific job listing for detailed requirements and qualifications.
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