Private Bank - Client Service Executive, Middle East - AVP📣 Job Ad
| Contract Type | Full-time | |
| Workplace type | On-site | |
| Location | Riyadh |
About the Role
Deutsche Bank's Private Bank is seeking a Client Service Executive, Assistant Vice President (AVP) to join its Middle East operations in Riyadh, Saudi Arabia. This role is integral to the Wealth Management business, which offers comprehensive advice and a broad range of traditional and alternative investment solutions to high-net-worth individuals, entrepreneurs, family offices, and foundations. The division aims to create lasting value for clients through bespoke solutions, including multi-generational wealth planning, risk-managed asset management, loans, and deposits, leveraging a global network and close collaboration with the Corporate Bank and Investment Bank. As a growth business for Deutsche Bank, the Private Bank contributes to a more balanced and stable business model for the bank.
In this position, you will provide fundamental support to the Team Head and Relationship Managers (RM) and Investment Managers (IM), assisting in day-to-day business activities, client servicing, and operational support. You will serve as the primary point of contact for RMs and clients regarding operational requests, liaising with key onshore and offshore stakeholders. Your role will be crucial in ensuring the timely action on requests and efficient issue resolution to meet client and RM requirements.
Key Responsibilities
- Provide fundamental support to the Team Head, Relationship Managers (RM), and Investment Managers (IM) in all aspects of client servicing and operational support.
- Act as the primary point of contact for RMs and clients for all operational requests, liaising with key stakeholders including Cross Border, Client Lifecycle Management (CLM), and Business Management.
- Ensure timely action on requests and effective issue resolution to meet client and RM requirements.
- Handle and respond to RM requests and client queries related to account documentation, account balances, account maintenance, statement information, and general product or service information.
- Attend client meetings alongside the RM when required to provide support and address client needs.
- Assist RMs in the new account opening process, including the preparation of comprehensive account opening packs for submission to the CLM team after client signature.
- Review and prepare client-signed quality packs, including Booking Centre documents, for submission to the local CLM team for new account openings.
- Liaise with CLM, Anti-Financial Crime (AFC), Operations Business Support (OBS), and KYC Review teams to follow up on or provide additional information and documentation as requested.
- Promptly follow up on any deficiencies in Booking Centre or regulatory documents to assist RMs in achieving their Key Risk Indicators (KRIs).
- Ensure all operational tasks related to client accounts are completed in a timely manner to maintain satisfactory service levels.
- Provide timely assistance in inputting call reports (provided by the RM) and ensure proper record retention of call reports in Group shared folders, maintaining confidentiality.
- Stay current and thorough on operational processes, services, and the firm’s systems and applications.
- Develop a strong understanding of the governing regulatory framework and uphold relevant policies and procedures to mitigate risks and protect the Bank.
- Support RMs in performing client after-sales tasks and coordinate marketing event invitations and approvals.
- Manage the daily mailing of documentation to the relevant booking centers where applicable.
- Foster strong working relationships across coverage, product, and infrastructure divisions.
- Participate in all Asset Management (AM) group projects and meetings, and handle any regulatory or non-regulatory projects within stipulated deadlines.
- Liaise with IT to arrange video conference meetings and calls.
- Provide back-up support for other team members in their absence to ensure business continuity.
Qualifications and Requirements
- Bachelor's degree or equivalent qualification. A Master's degree is considered a plus.
- Minimum of 5 years of experience in wealth management, either in an assistant role or a sales support capacity.
- Ability to manage time effectively and multitask in a fast-paced environment.
- Strong inter-personal, communication, and consulting skills.
- Excellent teamwork skills and the ability to collaborate effectively within virtual global teams and a matrix organization.
- A client-centric approach to all tasks and interactions.
Required Skills
- Client Servicing
- Operational Support
- Inter-personal Skills
- Communication Skills
- Consulting Skills
- Teamwork Skills
- Client Centricity
Work Environment and Additional Information
This is a full-time position located in Riyadh, Saudi Arabia. Fluency in English is required. Arabic language proficiency (written and verbal) is considered a plus.
Requirements
- Requires 5-10 Years experience
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