Philanthropy Specialist (Coastal) at Nedbank

Job Purpose

• To support all front-line advisers in Nedbank Private Wealth and the broader Wealth Management front-line teams, and their clients, to achieve their philanthropic aspirations, by providing appropriate wealth management advice, including philanthropic advice (initial and ongoing), and services, by following a client segment-led approach, spanning: strategic philanthropic advice; structuring advice; wealth management/investment planning advice; grant making services/selection of suitable grant making providers; trustee and trust administration services; financial accounting and tax services.
• We are looking for phenomenal individuals (teammates) who are familiar with the wealth management and charitable landscape and environment in South Africa.

Job Responsibilities

• Adaption of the wealth management global and South Africa approach to philanthropy services with a specific focus towards South African resident clients’ specific wealth management philanthropic needs with the aim of growing the philanthropy book within Nedbank Private Wealth.
• Contribute towards the design and implementation of a structured philanthropy advisory process focussed on the needs of South African clients, with a focus on the bespoke philanthropic needs of HNW and UHNW clients.
• Systematic development of a new business pipeline by working closely with all client facing wealth advisers.
• Establishment and maintenance of a thorough philanthropy knowledge base and sharing of thought leadership research, etc with a broader team.
• Maintenance of monthly activities and pipelines for monthly reporting to be able to show value and growth of our philanthropy services.
• Participate in client meetings in support of existing wealth advisers and work closely with business development areas to tap into the broader Nedbank client base to deepen client relationships via our philanthropy offering
• Support clients in determining appropriate philanthropic structures and work closely with the broader advice team of specialists who provide structuring advice to clients and assist with as an example the drafting of charitable trust deeds, as part of overall estate planning and wealth structuring advice which form the cornerstone of holistic wealth advice and financial planning advice.
• Work with internal partners and third-party service providers as needed
• Contribute towards the development of marketing material eg client communications, brochures, thought leadership articles etc aimed at raising the profile of our philanthropy offering.
• Identify and arrange suitable philanthropy-related events with NPOs and donors by clearly being able to articulate the return of investment from these events together with our marketing team to entrench Nedbank Private Wealth as the leader in this space and to grow our philanthropy book of clients.
• Contribute towards the design, research and business case preparation of future identified opportunities to grow our philanthropy base eg formation of a collective giving vehicle/donor advised fund.
• Develop personal networks in the philanthropy sector.
• Provide grant making services, including assessment of grantees and report writing to enable trustees to make informed decisions and provide initial and ongoing grant monitoring and reporting to trustees.
• Conduct regular reviews of all existing philanthropic structures/clients together with the appointed wealth adviser to ensure the viability and sustainability thereof.
• Contribute to the wider Philanthropy and Wealth Planning teams through preparing reports, attending events, driving philanthropy-related initiatives or undertaking any other duties within the scope, spirit and purpose of the job

Essential Qualifications - NQF Level

• Matric / Grade 12 / National Senior Certificate
• National Certificates and Occupational Awards

Essential Qualification

• Degree – preferably a BCom
• Post Graduate Diploma in Financial Planning

Essential Certifications

• FPI (Financial Planning Institute) membership

Preferred Designations

• CFP®
• FPSA®
• FAIS
• TEP

Minimum Experience Level

• 5 years working experience in the wealth management industry with specific experience working in the HNW and UHNW segments and advising HNW and UHNW families from a holistic wealth management perspective with the ability to advise on how to manage or structure their philanthropic endeavours.
• Additionally, a track record in philanthropy or grant-making, with broad knowledge of philanthropic trends, philanthropic structures/vehicles, regulatory requirements and impact measurement frameworks will be an advantage.

Technical / Professional Knowledge

• Business terms and definitions
• Business writing
• Communication Strategies
• Data analysis
• Governance, Risk and Controls
• Industry trends
• Microsoft Office
• Principles of financial management
• Relevant regulatory knowledge
• Decision-making process
• Nedbank policies and procedures
• Business Acumen
• Relevant software and systems knowledge
• Banking knowledge
• Banking procedures
• Research methodology

Behavioural Competencies

• Continuous Learning
• High-Impact Communication
• Managing Work
• Sales Disposition
• Sustaining Customer Satisfaction
• Technical/Professional Knowledge and Skills