What are the responsibilities and job description for the Wealth Relationship Manager position at MidFirst Bank - Default?
Wealth Relationship Manager
A Wealth Relationship Manager serves MidFirst Bank’s customers by providing support and advice in the area of investment management, wealth management and trust administration as needed. The incumbent will work both as a member of the Trust and Wealth Management team and independently as needed to meet goals and complete projects.
Primary objectives of the Wealth Relationship Manager position include, but are not limited to:
- Developing and retaining strong relationships with customers and customer agents (i.e. attorneys, tax advisors, etc.) by learning the goals of each customer, and then, implementing strategies designed to meet customer needs and expectations
- Building valuable connections with potential new business referral sources and industry resources, as well as, cultivating relationships with MidFirst Bank Officers and other internal bank departments
- Seeking new business development opportunities, both internally and externally, and leading sales initiatives to prospective wealth management customers
- Acquiring and applying an understanding of industry services and processes to efficiently manage the relationships for of a book of investment management accounts, IRA’s and moderately complex trusts
- Overseeing and directing relationship and administrative activity within customer accounts , while partnering with MidFirst Bank investment personnel to ensure allocations remain in compliance with designated objectives and/or customer directives
- Reviewing legal documents, internal and external correspondence, and various other financial records to ensure compliance with applicable policies, procedures, governing instruments, and regulatory bodies
- Maintaining an awareness of market products, services, and new developments in the Wealth Management, Trust and Investment management industries
- Sustaining a working knowledge of current laws and regulations affecting the administration of Investment management and Trust accounts
Position Requirements
Candidates must possess a Bachelor’s degree, preferably in finance or a business-related field of study, and at least 5 years of experience servicing investment management, trust administration, or wealth management related customers is required.
Additional requirements include:
- Demonstrated knowledge of wealth management, investment management and trust services for high net worth individuals
- Working knowledge of applicable tax, trust, and estate related laws
- CTFA accreditation, trust certification, or other industry certifications is beneficial
- Working knowledge of Microsoft Office tools and Windows Operating Systems
- Understanding of trust accounting and/or related systems
- Proficiency in verbal and written communication
- Advanced ability to multi-task and prioritize effectively under pressure
- Ability to hold and respect confidentiality of sensitive information
