WEALTH PRODUCT MANAGER- PRIVATE BANKING FOR A LEADING BANK IN OMAN

Create investment solutions for the Bank’s UHNW/HNW clients based on well defined client needs and market segments, the characteristics of which reflect the attributes of such products/propositions.

Build and grow the offering suite for bank muscat Private Banking by proactively identifying and on boarding new investment ideas and by maintaining a suite of recommendation lists and products for the sales teams.

Negotiating, finalizing and building effective revenue streams (both upfront and annuity ) for the offering suite, to generate fee income for attainment of business goals

Act as subject matter expert, provide product knowledge and support to the sales team, raising awareness and understanding of the proposition and new product launches

Work with clients and RMs to structure optimum investment solutions within bank’s regulatory framework and as per client’s risk appetite.

Structuring and Documentation

Interpret financial data, financial condition and level of risk related to various types of investment products

Conduct effective and detailed due diligence on various investment products as well as product providers with a view to arrive at solutions that mitigate regulatory and business risks associated with any offering of the products by bank muscat, as per internal processes and guidelines.

Ensuring all product related documentation as per process and introducing checks /controls if required.

Monitoring and review

Regular reviews of client portfolios and informing relationship managers / clients of any portfolio re allocation to be done, in case of changing market conditions

Regular interaction with market experts to be updated on performance of past products and prevailing market conditions

Providing regular product updates, strategic and tactical product recommendations and actionable intelligence to all relevant product stakeholders

Provide analytical support for generating required product/ client reports from Wealth Management system

Information and reporting

Provide portfolio analysis and support regulatory reporting as needed

Identify & implement opportunities for improved business operations, partnerships and client satisfaction

Contribute to the development of plans, processes, systems and procedures to improve the overall functioning of the unit.

Job Details

Date Posted:	2015-04-11
Job Location:	Muscat, Oman
Job Role:	Accounting/Banking/Finance
Company Industry:	Banking
Monthly Salary:	US $7,000