Head: Wealth Management at Momentum Metropolitan Holdings Limited

Requirements

• Degree in Business Management/Investments/Business Sciences/Finance/Economics or related (Master’s Degree preferrable)
• Post graduate diploma in financial planning
• Certified Financial Planner (CFP) or Chartered Financial Analyst (CFA) designation.
• Industry qualification (RE5 & RE1)
• 5-8 Years financial services experiences, particularly in asset wealth management
• 5-8 years of experience in investment marketing arena
• 5- 8 years' experience in registered financial advisers’ networks and or agencies
• Strong knowledge of investment advice philosophy implementation, the wealth management industry in South African and international markets
• Knowledge of financial markets and investment and their application to local and international
• Legal knowledge, FAIS, exchange control and financial instruments
• In-depth knowledge of:
• Global financial markets and emerging industry trends
• Governance Frameworks
• Wealth Management Strategies
• Investment Advice and Advice processes
• Financial Analysis

Duties & Responsibilities

Implementation and promotion of the strategic Wealth strategies (Internal perspective):

• Conduct thorough assessments of clients' financial situations, including assets, liabilities, income, expenses, and investment objectives.
• Develop personalized wealth management plans tailored to each client's goals, risk tolerance, and time horizon.
• Design and implement investment portfolios aligned with clients' objectives, utilizing a mix of asset classes and investment vehicles.
• Provide guidance on retirement planning, estate planning, tax optimization, insurance coverage, and other aspects of comprehensive financial planning.
• Continuously monitor clients' portfolios and financial plans, adjusting as needed based on changing circumstances, market conditions, and regulatory changes.
• Educate Financial Advisers on investment strategies, market trends, and financial planning concepts, and maintain regular communication to keep them informed and engaged.
• Execute on Wealth strategies and frameworks across the distribution channel.
• Execute on Wealth strategic initiatives to drive business growth.
• Assist with identifying emerging trends and opportunities in financial technology.
• Ensure support with the client base, risk profiles, and objectives specific to the channel.
• Implement financial planning and advice strategies, philosophies, and processes aligned with respective channel’s goals and objectives.
• Conduct in-depth financial analysis to identify opportunities for cost optimization, revenue enhancement, and risk mitigation.
• Implement standardized processes and best practices for delivering financial advice, ensuring alignment with the business advice strategy, regulatory requirements, industry standards, and organizational goals.
• Ensure compliance with regulatory requirements and internal standards.
• Implement risk management strategies and frameworks for the channel.
• Provide guidance and oversight on risk management practices, ensuring appropriate controls are in place to mitigate risks.
• Conduct research to stay at the forefront of market trends, economic developments, and legislative changes affecting the channel.
• Identify unique opportunities and challenges within the channel.
• Collaborate with channel-specific business development teams to identify growth opportunities and attract new clients.
• Drive strategies to increase assets under management/-advice for the channel.
• Promote the connection between Investment Philosophy, Risk profile, Elite Wealth Process and advice deployment plan.
• Promote investment behaviour to our advisers based on the Momentum Advice wealth philosophy.
• Promote Structure and Fee optimisation.

Advice Wealth processes in a channel-specific and client centric manner to contribute to client growth, engagement, and sound wealth management advice (Client perspective):

• Collaborate closely with all stakeholders responsible for the channel, ensuring strategies align with the channel's unique characteristics, strategic objectives, and goals.
• Build close relationships with business and practices; whereby, facilitating investment workshops.
• Focus on satisfying the wealth creation, preservation and income needs of clients, as well as the wealth management support service needs of the under-licence Channel.
• Champion a client-centric culture throughout the organization, emphasizing the importance of delivering personalized, high-quality wealth advice.
• Identify and create strategic partnerships with relevant stakeholders to understand business priorities and requirements.
• Provide credible and appropriate market wealth insights expertise with the purpose to enable client growth and retention.
• Build and maintain relationships to deliver on service level agreements with regards to professionalism, accountability, and competitive targets.
• Work in conjunction with brand and marketing managers to deploy effective strategies towards wealth growth, engagement, and sound wealth advice.
• Liaise and collaborate with wealth management team on the implementation of operational plans.
• Develop ongoing, frequent engagement and marketing activities in support of investment, savings, and wealth management proposition.

Effectively lead team (People):

• Establish productive, professional relationships with key stakeholders in the channel.
• Attract, select and recruit suitably qualified talent in line with Employment Equity principles, Momentum Advice Growth plan and MMH values.
• Create a positive work climate and culture to energise employees and network of advisers.
• Demonstrate exemplary leadership through personal involvement, inclusive leadership, commitment, and dedication in support of organisational values.
• Drive a culture that guides and directs best practice, fostering an environment of continuous learning, improvement and cohesiveness.
• Execute effective workforce planning practices to ensure that staffing requirements are accurately forecasted and executed.
• Identify employee and advisor growth and development needs and collaborate with relevant stakeholders to ensure interventions enabling ongoing development, training and personal growth.
• Effectively drive performance excellence within the team to ensure business objectives are achieved by setting team goals and having regular dialogue to achieve meaningful and significant impact.
• Encourage innovation, ensure integrity in communication, change agility and collaboration within the team.

Ensure Efficient and Effective Practice(Finance):

• Budget management and implementation of sound financial controls.
• Control the budget for area, including the authorisation of expenditures and implementation of financial regulations.
• Identify solutions to enhance cost effectiveness and increase operational efficiency.
• Implement risk management, governance and compliance policies in own practice area, to identify and manage governance and risk exposure.
• Participate in the effectiveness of financial policy, practice and procedures preventing illegal, unethical or improper conduct.