Wealth Management Managing Director

Description

SUMMARY

Join the Bank that shares success with others! As a locally managed mutual bank, South Shore Bank is driven by the needs of communities rather than the demands of investors. You can help us serve as a trusted advisor to the people, businesses and organizations that make our communities stronger. We also provide a competitive benefit package with Medical, Dental, Vision, Flexible Spending, Dependent Care, Childcare Subsidy, Retirement, Life Insurance, and many other benefits.

We are seeking a highly motivated and experienced Wealth Advisor to join our Wealth Management Division. The Wealth Advisor will play a pivotal role in developing business, managing investments, and leading the Wealth Management team. This position offers an exciting opportunity to drive growth, expand our service offerings and deliver enhanced value to our clients.

Key Responsibilities

• Responsible for conducting market research, assessing the competitive landscape, identifying opportunities for differentiation and growth within the wealth management industry, and building financial projections.
• Ensure compliance with all regulatory requirements. Navigate regulatory frameworks, obtain necessary licenses and registrations, and develop robust compliance policies and procedures to safeguard the integrity and reputation of the organization.
• Support the wealth management group by assisting in marketing and business development efforts designed to attract new clients and grow assets under management.
• In conjunction with Marketing assist in the development of marketing strategies, promotional materials, and client communication channels to raise awareness of services and generate leads.
• Assist the team in cultivating relationships with prospective clients, referral sources, and strategic partners to expand the client base.
• Oversee the management of client relationships and partner with financial advisors to provide high-quality, personalized service to clients.
• Advise management on the selection of top performing ETFs by various asset classes for an approved list of potential client investments.
• Develop 4-6 asset allocation investment models ranging from conservative to aggressive growth utilizing ETFs from approved list. Identify ETF research and rating services.
• Responsible for overseeing and monitoring the performance and effectiveness of the business segment. Track key performance indicators, analyze business metrics, and generate regular reports to assess business growth, client satisfaction, and efficiency. Provide reporting to senior management and the Board of Directors and/or Trustees as requested.
• Complete all internal Bank training as assigned and required.
• Adhere to the Bank’s privacy and data security policies including but not limited to safeguarding of sensitive information and complying with relevant regulations to protect non-public information.
• Exhibit the ability and desire to embrace and enhance the Bank culture.
  
  

Consider this description to be the foundation of your job, not its boundaries. Expect to participate in internal and external training sessions and activities not described here which enhance the quality of service to the client.

Requirements

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION And/or EXPERIENCE

• Bachelor’s degree in finance, economics, business administration, or related field. Advanced degree (e.g., MBA) preferred.
• Relevant certifications (e.g., CFA or CFP) required.
• Minimum of ten years of experience in wealth management, financial advisory, or related field, with a focus on investment services and regulatory compliance.
• Strong understanding of regulatory requirements governing the establishment and operation of investment firms, including knowledge of SEC and state securities regulations.
• Proven track record of success in strategic planning, business development, and client relationship management within the financial services industry.
• Excellent communication skills, with the ability to articulate complex concepts and build rapport with clients, colleagues, and regulatory authorities.
• Detail-oriented with strong analytical skills and the ability to think critically and solve problems in a dynamic and fast-paced environment.
• Proficiency in portfolio management tools, and Microsoft Office Suite.
  
  

Language Skills

Ability to read and interpret documents such procedure manuals, contracts, and reports. Ability to write routine reports and correspondence. Ability to speak effectively before groups of customers or employees of the organization.

Mathematical Skills

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages.

REASONING ABILITY

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

While performing the duties of this Job, the employee is regularly required to sit and talk or hear. The employee is occasionally required to stand, walk; use sufficient hand, arm and finger dexterity or feel objects, tools, or controls. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. The noise level in the work environment is usually moderate.

KEY POINTS

It has been and will continue to be the policy of South Shore Bank to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, sex, color, religious creed, religion, national origin, citizenship status, age, disability, pregnancy, ancestry, military service, or veteran status, genetic or carrier status, marital status, sexual orientation, or any classification protected by applicable federal, state, or local laws.

At South Shore Bank, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. We believe in Shared success and We before Me. Through a variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

EOE/F/M/Vet/Disabled.