Elite RM (Liabilities) Job Description Template
The Elite RM (Liabilities) is a specialized role focusing on the management of high-net-worth individual (HNWI) portfolios. This role requires a deep understanding of financial products and services, specifically those related to liabilities management, and exceptional relationship management skills.
Responsibilities
- Build and maintain strong relationships with high-net-worth clients.
- Provide expert advice on liabilities management, including loans and credit products.
- Identify opportunities to increase revenue through up-selling and cross-selling financial products.
- Monitor client portfolios and make recommendations to optimize returns and minimize risks.
- Ensure compliance with all regulations and internal policies.
- Collaborate with other departments to deliver comprehensive financial solutions to clients.
- Prepare and present regular reports on portfolio performance to clients.
Qualifications
- Bachelor’s degree in Finance, Business Administration, or related field.
- Minimum of 5 years of experience in financial advisory or relationship management.
- Proven track record of managing high-net-worth client portfolios.
- Strong understanding of financial products and services, particularly liabilities management.
- Excellent communication and interpersonal skills.
- Ability to analyze complex financial data and provide strategic insights.
Skills
- Portfolio Management
- Financial Analysis
- Loans and Credit Products
- Client Relationship Management
- Regulatory Compliance
- Cross-selling
- Financial Reporting
Frequently Asked Questions
An Elite RM (Liabilities) manages high net-worth client accounts, focusing on growing and maintaining their liabilities portfolio. This involves understanding clients' financial needs, offering tailored financial products, and strategically advising them on risk management and compliance with regulations.
To become an Elite RM (Liabilities), candidates typically need a bachelor's degree in finance, business, or a related field, along with 5-7 years of experience in relationship management or banking. Professional certifications and networking within the financial sector can enhance career prospects significantly.
The average salary for an Elite RM (Liabilities) varies based on location, experience, and company size. However, it generally includes a base salary with performance bonuses. Compensation often reflects the high-stakes nature of managing key accounts within the financial sector.
An ideal candidate for an Elite RM (Liabilities) role should have a bachelor's degree in finance or business, a strong understanding of financial products, and experience in relationship management. Additional qualifications like an MBA or relevant financial certifications are advantageous.
Key skills for an Elite RM (Liabilities) include excellent communication, strategic thinking, and analytical skills. Responsibilities encompass developing client relationships, advising on financial products, ensuring compliance, and continuously assessing the liabilities portfolio to maximize growth and profitability.