Relationship Manager, Priority Clients

Standard Chartered Bank - UAE

Dubai, UAE

Ref: HP048-1191

Job description / Role

Employment: Full Time

Standard Chartered is a leading international banking group committed to building a successful and sustainable future for our people, our customers and the communities we serve. With 1,700 branches and offices in 68 markets in Asia, Africa and the Middle East, we offer exciting and challenging international career opportunities to over 89,000 employees.

Job Description
* Acquiring, growing and deepening Priority Banking customer relationships through effective relationship management
* Focus on the analysis and satisfaction of Priority Customers' financial as well as investment needs and objectives
* Provide the face of the Bank to the high net worth customers of the Bank
* Products involved are: IS/BA/FX, NTB A/c, Liability products and any new launches

Key Roles and Responsibilities

Acquisition & Sales Management:
* Generate new business to achieve defined targets in terms of no. of customers, volumes and revenue
* Achieve the Targets set in terms of product mix, active/ passive ratio, liability targets, no. of transactions
* Induction of all (NTB) new customers brought in by the Branches & Direct Sales team
* Achieve "best in class" productivity in order to maximize the efficacy of the sales process
* Achieve the budgeted cross sell targets, consistency and penetration
* Aggressive Sales call plans to acquire large prospective customers through referrals
* Ensure coverage of customer base in accordance with the approved contact plans
* Update & maintain all Sales MIS (Calls, Prospects, Attritions, Business Done, etc.)
* Maintain and update customer information on C Manager. Accurate and timely generation of reports.
* Activation of dormant accounts
* Constantly updated product and process knowledge by successfully attending Tests/ Quizzes/ Certifications

Customer Relationship Building:
* Build and deepen relationships with existing Priority Customers to achieve increase in share of wallet and revenues
* Effectively meeting customer expectations and handling/ reduction of customer complaints
* Provide professional customer service to achieve a high percentage of customer satisfaction and retention
* Manage the portfolio to de-risk against attrition and achieve stability of book
* Have complete knowledge of the customer base in terms of the profile, demographics & psychographics and assets in the Bank and in other places
* Serve as the one-point contact to the High Net Worth customers of the Bank

Compliance & Risk:
* Ensure KYC/AML updates, proper zero error documentation
* Updating the C - Manager, adhering to the Contact Management Plan
* Ensure full awareness of all policies and procedures issued in relation to money laundering prevention and KYC
* Ensure compliance with the above policies on an ongoing basis and reported any suspicious transaction immediately to the supervising officer
* Ensure full awareness of all policies relating to operational risk, sales processes, anti-misselling, etc and comply with the same
* Read, understand and comply with all provisions of the Group Code of Conduct

KEY RELATIONSHIPS

Internal:
* Product Manager - Priority Banking - for Launch and implementation of product campaigns
* Customer Service Manager - WM - for Product services to the customers
* Unit Heads - Treasury - Implementation of sales strategies
* Branch Managers - Implementation of sales strategies
* Marketing Manager - WM - Coordinate marketing and research activities
* Country Money Laundering Prevention Officer

External:
* Existing and Prospective Customers - for Acquisition and retention of business

Requirements

* University Graduate.
* Relevant experience in sales and relationship management
* Experience in handling all Banking & Investment Products
* Demonstrated ability in sales planning
* Strong communication and negotiation skills with the ability to influence outcomes
* Networking ability to manage interdepartmental deliverables
* Strong inter-personal skills and leadership ability, which encourages and promotes enthusiasm and team spirit
* Good understanding of the business environment in UAE preferably with direct contacts with the local HNI community
* Computer literacy at the user level
* Adapting to multi-cultural environment
* In-depth knowledge of capital markets and financial planning

COMPLEXITY/ JUDGEMENT
* To be able to detect any suspicious transactions, Money Laundering, Forgeries, etc
* Analyzing economic trends, global markets, customer needs and competitive products in order to structure priority banking offerings

About the Company

Standard Chartered Bank started in 1958 in UAE with its first branch in Sharjah. The Group’s business gradually increased in Dubai with the opening of several branches and today, Dubai is the administrative hub of the Middle East and South Asia Region. In its 43rd year, the Bank enjoys the position of having the most extensive branch network among foreign international banks in UAE with 10 branches emirate-wide.

Standard Chartered is an international bank, focused on the established and emerging markets of Asia, Africa, the Middle East and Latin America with an extensive global network of more than 600 offices in over 50 countries. The three principal business groups are Global Markets, Personal Banking and Corporate and Institutional Banking.

In UAE, we are one of the leading banks, offering an extensive range of products and services for personal customers, local companies, multinational corporate and financial institutions.

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Relationship Manager salaries in UAE

Average monthly compensation
AED 13,000

Breakdown available for industries, cities and years of experience