Wealth Banker

6 months ago

Ottawa, Canada Alterna Savings Full time

Scope of Position

The Wealth Banker will drive the provision of investment-oriented financial advice, investment sales, asset consolidation and new client/member acquisition within assigned branches. The Wealth Banker works in conjunction with branch staff and is responsible for managing and building an assigned book of business made up primarily of members with identified multifaceted needs. 

Through proactive relationship management, the Wealth Banker retains and grows the wealth book through proactive contact, modular planning and annual reviews while working in conjunction with senior wealth team members to identify opportunities for more complex needs and referring based on the Wealth Segmentation model. 

Key Responsibilities

Proactively build solid working partnerships with branch teams to facilitate introductions to existing members/clients Leverage existing resources to actively contact members (marketing, call lists, referrals) Manages an assigned portfolio of members using financial planning concepts, advisory and relationship tools to meet members' investment needs Establishes regularly scheduled contacts with members/clients to establish relationships that will identify members' needs Assist members/clients consolidate their financial assets at the credit union. Enhance the wealth management knowledge of branch partners to assist them in creating a financial planning experience that will meet their members/clients’ financial needs, which will in turn allow the branch partners to reach their individual sales and acquisition targets. Become an integral member of branch sales teams and create value for the branch partners by conducting regular information sessions Keeps files on member relationships that include member's financial goals, notes, and compliance records and input into CRM Manages assigned member portfolio jointly with other specialists in Alterna i.e., Credit and/or SME Provides financial advice using PIP (Personal Investment Plan) financial planning tool Acts as a mentor for less experienced staff under the guidance of the Branch Manager Triage referrals when deemed necessary based on the complexity of the members/client’s requests

Expectations / Outcomes

High member satisfaction among assigned book of business as measured by retention statistics, new sales growth goals, referrals to wealth advisors and transfer of High Value accounts to Investment Advisors. Increase in portfolio value Increase in member profitability Referrals to IA for complex investment portfolios

QUALIFICATIONS

Education / Certification / Experience

Post secondary education combined with 5 years related experience in a financial institution or an equivalent combination of education and experience CSC or IFIC course completed with ability to be licensed immediately CFP or PFP preferred At a minimum 2 years of financial advisory experience and demonstrated relationship building experience Proven track record in sales Good knowledge of products and services including credit

Knowledge / Skills / Competencies

Sound knowledge of various computer applications including Excel, Word etc Ability to demonstrate sales management techniques, identify needs and present solutions Superior sales abilities (active listening, identifying business opportunities, influencing & negotiating, asking for the business); Developed writing skills sufficient to communicate detailed factual information to members and various departments or partners Sound judgment Ability to work under minimal supervision Excellent interpersonal and communications skills Commitment to continuous learning

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