Family Wealth Manager

Job Description for Family Wealth Manager:

The Family Wealth Manager SAFE Act is a strategic professional who stays up-to-date with trends in the field and applies them to their job and business. As a recognized subject matter expert within their area, this role requires strong commercial awareness and authority both internally and externally. It typically involves a small group of people within the business who offer this level of expertise. Strong communication skills are essential for negotiating at senior levels and engaging in some external communication. This role requires advanced judgment and the ability to conduct in-depth quantitative and qualitative analysis to create innovative solutions. The individual must think beyond existing solutions, assumptions, or current knowledge to address sophisticated challenges, significantly impacting business strategies and technical approaches.

Family Wealth Managers shoulder the responsibility of continuously evaluating and adjusting investment strategies based on changing market conditions and client preferences:

• Acquiring and converting clients involves the active pursuit of potential leads, initiating communication, and converting these leads into loyal clients.
• Attain a thorough understanding of clients' enterprises, wealth generation processes, and ability to foresee significant financial outcomes.
• Serve as a respected advisor, delivering strategic advice and recommendations on financial issues.
• Establish enduring bonds with client families over time to solidify long-term relationships with Citi Private Bank.
• Navigate Expectations: Skillfully steer client expectations towards attainable goals.
• A profound insight into client objectives and risk appetite is necessary to tailor financial strategies accurately.
• Recognize Unexpressed Customer Wants: Acknowledge the wants of customers that have not been explicitly communicated.
• Joint Collaboration: Engage in teamwork with experts to devise holistic and sustainable resolutions.
• Assistance is provided to clients to help them achieve their financial and investment goals concerning the creation and management of wealth.
• Goal Setting: Define ambitious targets, regularly track advancements, and adjust strategies to meet objectives.
• Sales & Referrals: Construct a referral network to capitalize on new sales opportunities.
• Concession Alignment: Close deals by offering compromises that are aligned with the interests of Citi Private Bank.
• Team Development: Help team members establish credibility with clients and intermediaries by offering guidance and support in relationship-building.
• Champion Collaboration: Advocate for working together as a team to achieve common objectives, highlighting the importance of collective success over individual achievements.
• Engage in teamwork across departments within Citi Private Bank by partnering with support teams to jointly tackle issues and find resolutions.
• Citi's focus on compliance with regulations and standards is instrumental in mitigating risks and reducing legal liabilities.
• Risk Perception: Recognize and convey the potential dangers associated with diverse investment strategies.
• Operational Excellence: Secure the efficacy of operational functions and enhance internal control measures.
• Advocating for clients to support the seamless execution of Citi internal operations and offerings.
• It is important to pinpoint crucial matters and escalate them as needed to ensure swift resolution within the Escalation Management framework.
• Following ethical standards means applying sound ethical judgment to business decisions, ensuring compliance with laws and regulations, and managing control challenges with transparency.
• Remain informed about the latest happenings in the financial sector, market conditions, and emerging products by dedicating time to ongoing learning.

Family Wealth Manager Qualification Standards:

• With a wealth of experience exceeding 15 years in Private Banking, my specialization lies in serving the UHNW demographic. Renowned for my skill in relationship-based sales and leadership of client groups.
• Detailed knowledge of Citi Private Bankers various banking products, systems, platforms, and tools.
• Leading client teams and managing transactions with effectiveness is a demonstration of strong leadership.

Equal Opportunity Employer:

Citi promotes a diverse workforce by evaluating candidates without bias towards factors like race, sex, or sexual orientation.

Individuals with disabilities needing assistance to use our search tools or apply for a job are advised to review the information on Accessibility at Citi.

Apply Now