Sr. Manager, HR Business Partner - Private Wealth Job Description Template
The Sr. Manager, HR Business Partner - Private Wealth, plays a critical role in supporting the Private Wealth division by providing strategic HR guidance, aligning HR practices with business objectives, and fostering a positive employee experience. This position requires a deep understanding of the business and the ability to influence key stakeholders.
Responsibilities
- Partner with Private Wealth leadership to develop and implement HR strategies that align with business objectives.
- Provide expert advice and coaching to managers on HR policies and practices.
- Drive talent management initiatives, including succession planning, leadership development, and performance management.
- Ensure compliance with all HR-related legal and regulatory requirements.
- Analyze HR metrics to develop insights and recommend improvements.
- Lead and manage HR projects and programs to support business goals.
- Facilitate organizational development and change management initiatives.
Qualifications
- Bachelor's degree in Human Resources, Business Administration, or a related field.
- Minimum of 7 years of HR experience, with at least 3 years in a strategic HR business partner role.
- Experience in the financial services or private wealth management industry is preferred.
- Strong knowledge of HR best practices and employment laws.
- Proven ability to influence and build strong relationships with senior leaders and managers.
Skills
- Strategic HR planning
- Talent management
- Performance management
- Employee relations
- HR compliance
- Change management
- Organizational development
- HR metrics analysis
- Leadership development
Frequently Asked Questions
A Senior Manager, HR Business Partner in Private Wealth oversees strategic HR initiatives to support wealth management teams. Their role includes talent acquisition, team development, conflict resolution, and aligning HR strategies with business goals. They ensure compliance with regulations and work closely with leadership to enhance workforce efficiency and satisfaction.
Becoming a Senior Manager, HR Business Partner in Private Wealth typically requires extensive HR experience, preferably in financial services. A relevant bachelor's degree, along with certifications like SPHR or SHRM-SCP, is beneficial. Candidates should possess strong leadership, communication, and strategic planning skills, and have a deep understanding of wealth management operations.
The average salary for a Senior Manager, HR Business Partner in the Private Wealth sector varies based on factors such as geographic location, company size, and level of experience. Compensation packages often include bonuses and benefits. Research suggests salaries are competitive within the financial services industry, reflecting the role's complexity and strategic importance.
Key qualifications for this role include a bachelor's degree in Human Resources, Business Administration, or a related field. Professional HR certifications like SPHR, SHRM-SCP, or CIPD are highly regarded. Candidates should demonstrate expertise in HR management, compliance, leadership, and have a strong understanding of private wealth management practices.
Essential skills for this role include strategic thinking, effective communication, and leadership abilities. Responsibilities involve developing HR strategies aligned with business goals, enhancing employee engagement, and ensuring regulatory compliance. The role requires managing complex HR challenges and advising senior leadership in the wealth management sector.