Assistant Vice President / Vice President, Relationship Management (Private Banking)

Mandatory Reference Checking Scheme (“MRC”) for Hong Kong

The Mandatory Reference Checking Scheme is a framework to facilitate Authorized Institutions (“AIs”) to bilaterally obtain reference information during their recruitment process for certain positions, such that misconduct information in an individual’s previous employments can be provided to AIs to inform their employment decisions.

For information related to MRC Scheme, “Frequently Asked Questions for In Scope Individuals” is published by HKAB/Industry Guidelines (https://www.hkab.org.hk/en/home) or further information will be available upon request, if it is applicable to the position(s) applied.

Country of Location:

China Hong Kong

Job Responsibilities:

• Achieve the bank’s objective on private banking business target & plans. • Proactively build and maintain business relationship with individuals who satisfy the bank’s standards of suitability and who meet the bank’s ‘Wealth Criteria’. • Engage in networking activities with CITIC Group and other business introducers in both Hong Kong and China to enhance the customer referral effectiveness. • Assist in educating and coaching CITIC Bank Private Bankers about CITIC Bank International’s Wealth Management products and services. • Fully understand the client’s needs and objectives, provide good services and direct them towards respective suitable products to meet their needs. • Assist the Team Head in implementing and executing strategic plans; and actively engage in business development activities. • Maintain a close working relationship with Products & Portfolio Specialist teams to ensure the continued viability of client objectives and to ensure coordination of a client’s overall strategies and needs. • Manage and monitor client accounts on an ongoing basis in order to understand changing investment needs and objectives and to coordinate portfolio solutions. • Understand the level of risk associated with all products and services and ensure that this information and any other pertinent information are appropriately disclosed to the client. • Perform annual review of high risk / unsuitable customers timely. • Ensure compliance with account opening requirements on CDD and KYC; and • Review relevant MIS reports to identify any suspicious transactions timely. • Comply with anti-money laundering and counter terrorist financing controls in accordance with regulatory standards and CNCBI policies. • Establishes oneself as a trusted advisor by participating in customer’s decision-making process, as appropriate.

Requirements:

• Preferably a Degree holder or equivalent. • Possess CFP /CFA / HKRFP qualification as well as IIQAS and other required qualifications under SFC for selling insurance and investment products. • Minimum 5 years of relevant banking experiences in serving high net worth individual customers in retail bank or private bank. • Familiar with KYC and account documentation with knowledge of wealth management products. • Familiar with private banking products and good knowledge in other retail banking products such as insurance and consumer lending. • Good knowledge in risk assessment and credit analysis. • Strong interpersonal and communication skills. • Good command of written and spoken English and Chinese (including Putonghua).