Portfolio Manager- Private Banking

DUTIES & RESPONSIBILITIES

Transactional:

• Processing Private Banking client’s transactions include liaising with other units, product houses and subsidiaries of the First Bank group to process Private Banking clients’ transactions promptly
• Anchoring all transactions related to asset management, real estate purchase / finance, credits, safety deposits, trust servicers, off-shore investments and others as defined by Head Portfolio management or GH Private Banking
• Preparing all wealth management proposals on behalf of Private Banking clients and ensuring that these are error-free and of high standards
• Issuing and signing of Private Banking client’s investment confirmative and certificates

Operational

• Conducting research on Investment & wealth management products and liaising with FBN Quest and other research providers for updated information on equity, bond and money markets. 
• Updating and disseminating information to private Banking team on available products and services as well as market trends
• Monthly update of client product utilization to feed the Asset Holding Report for FBN Private Banking.
• Structuring ideal portfolios for Private Banking clients further to discussing with Relationship Managers, reviewing customer information details and leveraging other First Bank subsidiaries 
• Generating mandates on behalf of clients for FBN Capital and other product houses for the purchase or sale of securities / assets
• Generating portfolio reports and account statements for Private Banking clients as required 
• Generating periodic reports to meet monitoring and reporting requirements of First Bank Private Banking.
• Updating global position on Private Banking clients to enable effective tracking and monitoring of client relationship 
• Ensuring prompt and efficient processing of client mandates 
• Monitoring loans booked by the back office and updating clients global position report
• Verifying customer trades via online portal and updating portfolio status of clients 
• Monitoring customer accounts and portfolios to ensure that they are well-funded and active

Relational

• Maintaining good working relationships with other teams, units and subsidiaries
• Leveraging good relationship with product houses such as FBN Capital, FBN Mortgages, FBN Trustee etc. to ensure efficiency in processing Private Banking transactions
• Developing relationships with research and regulatory bodies to ensure that the unit is well informed and complies with all regulatory requirements at all times. 

Others

• Ensuring the documentation of all safe custody items
• Ensuring securities certification and release of pledged securities
• Ensuring that all client investment transactions are handled with efficiency and timelines  
• Escalate of all material, unusual or difficult transactions to Head Portfolio Management
• All other functions as assigned by the head Portfolio Manager, Head Private Banking location and EVP Private Banking
• Processing all investment transactions for all Private Banking hubs noting that the middle office is centralized to serve all Private Banking locations

Education

• Minimum Bachelor’s degree in relevant field 
• Master’s degree in business, finance or similar strongly preferred
• Certified Financial Analyst (CFA) / Chartered Accountant (ICAN or ACCA) / Chartered Alternative Investment Analyst (CAIA) qualification strongly preferred 

Experience

• 3-5 years middle office background (financial services) preferred