Area Manager - Wealth - Bank (3-5 yrs)

- Lead and manage a team of wealth advisors or relationship managers within the area.

- Provide ongoing coaching, training, and development to ensure team members meet or exceed performance expectations.

- Motivate the team to meet individual and collective sales goals and targets.

- Conduct performance reviews and support team members' career growth and development.

- Develop and implement strategies to increase revenue and expand the client base.

- Monitor the team's sales performance and implement corrective actions as necessary.

- Ensure that the team actively pursues new business opportunities, fostering strong relationships with high-net-worth individuals (HNWIs) and prospects.

- Analyze market trends and competitor activities to identify opportunities for growth.

- Cultivate relationships with key clients and ensure a high level of customer satisfaction.

- Oversee the management of clients' portfolios, ensuring advisors provide suitable wealth management solutions.

- Address complex client inquiries or concerns and ensure appropriate resolutions are achieved.

- Drive the development and implementation of customized wealth management strategies for clients.

- Ensure the team adheres to regulatory standards, internal policies, and ethical guidelines.

- Promote a culture of compliance and risk management within the team.

- Monitor the team's adherence to financial regulations and resolve any compliance issues that arise.

- Monitor daily operations, ensuring efficiency and quality in the execution of services.

- Assist with the operational logistics related to financial planning, investment solutions, and client servicing.

- Collaborate with other departments such as risk, compliance, and operations to streamline processes.

- Track and report on key performance indicators (KPIs) for the area.

- Provide regular updates to senior management on the team's performance, challenges, and successes.

- Analyze data to identify trends and areas for improvement in sales strategies, client engagement, and service delivery.

- Foster collaboration with other area managers and senior leadership to share insights, best practices, and strategies for growth.

- Represent the company at regional conferences, client events, and networking opportunities to raise brand visibility.