Team Lead – Private Banking at Stresert Services Limited

REF NO: TMLD-PRIVBNK25

Position Overview:

The Team Lead – Private Banking is responsible for managing and leading a team of private banking professionals to deliver exceptional wealth management solutions to high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs). This role combines leadership, client relationship management, and strategic planning to grow the private banking segment while ensuring the highest standards of service and compliance.

This role is pivotal in driving the growth of the private banking business, fostering long-term client relationships, and positioning the team as a trusted provider of bespoke financial solutions.

Key Responsibilities:

Team Leadership and Development:

• Lead, mentor, and manage a team of private bankers, relationship managers, and support staff.
• Set performance targets and ensure team members achieve or exceed individual and team objectives.
• Provide ongoing coaching, training, and professional development to enhance team capabilities.

Client Relationship Management:

• Oversee the acquisition, retention, and growth of HNW and UHNW client relationships.
• Support team members in delivering personalized financial solutions, including wealth management, investment advisory, estate planning, and credit services.
• Serve as a point of escalation for complex client issues, ensuring timely and effective resolution.

Strategic Planning and Business Development:

• Develop and execute strategies to grow the private banking portfolio, including client acquisition and cross-selling opportunities.
• Collaborate with internal stakeholders to identify new products and services that meet client needs.
• Analyze market trends and competitor activities to inform strategic decisions.

Risk Management and Compliance:

• Ensure adherence to all regulatory and internal compliance requirements.
• Monitor team activities to maintain a high standard of ethical conduct and risk management.
• Regularly review client portfolios to ensure alignment with risk appetite and investment goals.

Operational Excellence:

• Oversee the day-to-day operations of the private banking team, ensuring efficiency and effectiveness in service delivery.
• Work with support teams to streamline processes and enhance client experiences.
• Prepare and present reports on team performance and market insights to senior management.

Qualifications:

Education:

• Bachelor’s degree in Finance, Economics, Business Administration, or a related field (MBA or equivalent is an advantage).

Experience:

• 8–12 years of experience in private banking, wealth management, or a related field.
• Proven experience in leading and managing teams in a high-performance environment.

Skills:

• Strong knowledge of wealth management products, financial planning, and investment strategies.
• Excellent leadership, interpersonal, and communication skills.
• Demonstrated ability to build and maintain relationships with HNWIs and UHNWIs.
• Deep understanding of risk management and compliance frameworks.

Key Competencies:

• Leadership and Team Building
• Client-Centric Approach
• Strategic Thinking and Problem Solving
• Financial and Market Acumen
• Ethical Judgment and Integrity