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Wealth Planner Principal

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Citi

1mo ago

  • Job
    Full-time
    Expert Level
  • Customer Relations
    Banking & Finance
  • Madrid

AI generated summary

  • You need extensive experience in wealth planning, accreditation for EU client service, strong investment skills, communication, analytical abilities, and a degree (Master's preferred).
  • You will collaborate with bankers to present investment solutions, attend client meetings, evaluate needs, manage client portfolios, and ensure compliance with regulations while achieving revenue targets.

Requirements

  • Extensive experience in a similar role.
  • Professional accreditation to enable service to clients in European countries, in particular under the Insurance Distribution Directive. Experience in working with European insurance providers.
  • Robust investment experience; demonstrated ability to lead, motivate, and influence others; excellent verbal and written communication skills; client service orientation; strong analytical/problem solving skills; ability to multi-task.
  • Bachelor's/University degree, Master's degree preferred.

Responsibilities

  • Work with Private Bankers to identify prospects and present value propositions offered by investment holding vehicles and insurance solutions to high-net-worth clients of Citi Private Bank (CPB).
  • Attend client meetings with Bankers and participate in presentations and sales pitches
  • Understand and keep abreast of changes in legislation in order to ascertain how such laws affect investment holding vehicles and insurance solutions for clients.
  • Be informed and able to discuss current and historical legal/tax environment in the relevant countries the consultant will predominately cover.
  • Evaluate client needs and recommend appropriate structures in line with CPB policies and risk parameters.
  • Identify opportunities to introduce other organizational capabilities such as discretionary portfolios and other types of investments. Achieve assigned revenue and AUM targets.
  • Follow-up on all phases of complex sales from initial sales pitch until closing.
  • Oversee an existing portfolio of client insurance structures.
  • Responsible for ongoing education and communication with Private Bankers and members of own team on product specific developments
  • Coordinate with Wealth Planners globally.
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

FAQs

What is the primary role of the Wealth Planner Principal at Citi Private Bank?

The primary role of the Wealth Planner Principal is to act as a strategic and client-facing professional who informs clients and colleagues about wealth planning strategies while identifying and presenting investment holding vehicles and insurance solutions to high-net-worth clients.

What experience is required for this position?

Extensive experience in a similar role is required, along with professional accreditation to work with clients in European countries, particularly under the Insurance Distribution Directive.

What are the key responsibilities of the Wealth Planner Principal?

Key responsibilities include working with Private Bankers to identify prospects, participating in client meetings, evaluating client needs, overseeing existing client insurance structures, and coordinating globally with Wealth Planners.

What qualifications are preferred for this role?

A Bachelor's or University degree is required, with a Master's degree preferred.

Is strong communication essential for this role?

Yes, excellent verbal and written communication skills are essential to effectively interact with clients and negotiate internally at a senior level.

Are there specific revenue targets associated with this role?

Yes, the Wealth Planner Principal is expected to achieve assigned revenue and Assets Under Management (AUM) targets.

What type of clients will the Wealth Planner Principal work with?

The Wealth Planner Principal will primarily work with high-net-worth clients of Citi Private Bank.

How does this role contribute to compliance and risk management?

The Wealth Planner Principal is responsible for assessing risk in business decisions and ensuring compliance with applicable laws, regulations, and company policies to safeguard Citigroup and its clients.

Will the Wealth Planner Principal collaborate with other teams?

Yes, the role involves ongoing education and communication with Private Bankers, as well as coordinating with Wealth Planners globally.

What is the nature of the work environment for this role?

This role is full-time and may involve a hybrid working format, combining both in-office and remote work.

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Citi

Finance
Industry
10,001+
Employees
1998
Founded Year

Mission & Purpose

Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation headquartered in New York City. Citi's operation is to provide financial services that enable growth and economic progress. Core activities are safeguarding assets, lending money, making payments and accessing the capital markets.

Benefits

  • Live Well, Stay Healthy

    Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.

  • Paid parental leave

    We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.

  • Save well, for now and your future

    We empower our employees to manage their financial well-being and help them plan for the future.

  • Keep learning

    Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.

  • Be well, take time off

    We have a variety of programs that help employees balance their work and life, including generous paid time off packages.

  • Support Your Community

    We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.