Director, Private Wealth, Permanent Job, Isle of Man

The Private Wealth department of a Douglas-based investment service is in need of a Director to drive its growth and development. Primarily based in the Isle of Man office, you may occasionally be required to travel to client or other group office locations.

The Role…

You will play a pivotal role in the development of the group. Your responsibilities will include, but not be limited to:

  • Meeting or exceeding key financial and non-financial targets, maximising revenues whilst retaining focus on cost efficiency
  • Proactively contributing to initiatives to improve processes and drive operational excellence
  • Acting as the key point of client contact for allocated relationships, coordinating the team in respect of client deliverables, deadline management and the overall quality of service
  • Ensuring that risk management processes are embedded in the culture, operations and systems used by all employees
  • Actively developing new client leads and business opportunities, whilst also nurturing pre-existing client relationships
  • Ensuring your staff meet their commercial objectives and targets
  • Ensure that new business opportunities are actively followed up and that fee quotes are competitive in order that ‘risk versus return’ considerations are managed effectively
  • Conducting regular and on-going reviews of any uncommercial fee arrangements within your Client Portfolio, implementing a timely and robust action plan to quickly remediate loss positions
  • Seeking to improve profitability of all client relationships and actively managing the exit of any client relationships which cannot be converted to a profitable basis

About You…

Our client wants a pragmatic and commercially-minded individual. You will need:

  • Extensive experience within the Trust and Fiduciary Services sector
  • Membership of a relevant Financial Institute
  • Good knowledge and experience of underlying product and service rationales, technologies and regulatory environments
  • Corporate Governance experience and an understanding and experience of risk mitigation
  • Understanding of cross jurisdictional cultural differences

The Reward…

This is an incredible opportunity to join the top ranks of an exciting organisation. On offer to you is:

  • Great salary, commensurate with your skills and experience
  • Comprehensive benefits package
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