Head of Products- Wealth Management
Full Time
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Role Purpose:
Lead the wealth management product team in delivering best in class wealth products & solutions to ADIB customers across all client segments.
The role will be responsible for delivery of WM budgeted revenues (AED 185 mil for 2024) through:
- New product launches
- Enhancing WM product capabilities
- RM training & sales aids
- Periodic product performance reviews and rebalancing
- Regulatory compliance & risk management
- Competitor and market analysis
Key Accountabilities of the role
- Launch new products & solutions for various client segments like Gold, Diamond & Private banking
- Enhance WM product platform by introducing new asset classes suitable for various risk profiles
- Ideate strategic and tactical product ideas in line with financial market conditions and outlook
- Onboard and manage third party product providers
- Provide regular product updates and training to frontline on new and existing products and share rebalancing opportunities
- Conduct regular product and provider reviews to address concentration risk and ensure portfolio health
- Ensure the products, documents and processes are in full compliance of regulatory and internal guidelines at all times
- Interface with all stakeholders within the bank to ensure financial and non-financial objectives are met within timelines
Specialist Skills / Technical Knowledge Required for this role:
- In-depth knowledge of wealth products, asset classes and global and regional financial markets
- Excellent communication, interpersonal and presentation skills
- Ability to work in a fast-moving and complex environment while meeting deadlines
- Leadership qualities and team management skills
Previous experience required (if any)
- PG degree in finance/ accounts (CFA preferred)
- 10-15 years of experience within Wealth/ asset management industry
- Familiarity with local regulatory requirements for WM business (SCA/ CB UAE/ DIFC/ ADGM)
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