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Cathay Bank · 2 days ago

SVP, Director of Wealth Management & Premier Banking

San Gabriel, CA

Full-time

Onsite

Senior Level, Lead/Staff

$180K/yr - $220K/yr

10+ years exp

Cathay Bank is a financial institution that values its team members and fosters a caring culture. The SVP, Director of Wealth Management & Premier Banking will oversee the Bank's Wealth Management business, develop strategic plans, and ensure revenue objectives are met while supervising Financial Advisors and other staff.

BankingFinanceFinancial Services

Responsibilities

Develop, plan, and manage the Bank’s Wealth Management products and services through third party vendors

Develop bank-wide strategic plans for business development, Financial Advisor bench nurture, market segmentation, product introduction and sales expansion

Monitor sales activities and ensure that revenue goals are met

Through the direct and indirect supervision of the Financial Advisors, promote Wealth Management business in accordance with the Bank’s business development plan and objectives

Direct key business promotional opportunities

Design, implement, and direct the referral program to increase business through the Bank’s branch network

Recommend and implement the commission program for Financial Advisors to motivate sales of wealth management products

Effectively work with District Administrators and Branch Managers to jointly promote the Bank’s Wealth Management sales activities

Mentor, coach, and develop skillsets of all staff in the department through a combination of goal setting, delegation, training, counseling, and performance management

Recommend hire, transfer, termination, salary adjustment and performance evaluation within the department, except for the Brokerage Operations/Compliance Officer position

Qualification

Wealth ManagementSecurities knowledgeRegulatory knowledgeManagerial skillsBusiness developmentSeries 7 licenseLife Insurance licenseBilingual MandarinBilingual CantoneseInterpersonal skillsVerbal communicationWritten communication

Required

Bachelor or above degree in business-related discipline preferred but not required

Minimum 10 years of experience in wealth management including at least 5 years of experience in a supervisory capacity in banking industry or similar financial institution

Excellent knowledge of securities, insurances, mutual funds, annuities and other Wealth Management related products

Current knowledge of federal, state and FINRA regulatory laws pertaining to wealth management

Excellent managerial skills

Ability to lead a large team in different locations

Excellent business development and interpersonal skills

Excellent verbal and written communication skills

Preferred

Bilingual Mandarin or Cantonese preferred but not required

Series 7, 24, 63 or 65, or 66, and Life Insurance license preferred but not required

Benefits

Medical insurance

Dental insurance

Vision insurance

Life insurance

Long-term disability insurance

Flexible spending accounts (FSAs)

Health saving account (HSA) with company contributions

Voluntary coverages

401(k)

Company

Cathay Bank

Glassdoor3.1

Cathay Bank is a financial services company originally founded to support Los Angeles’ growing Chinese American community. It is a sub-organization of Cathay General Bancorp.

Founded in 1962

El Monte, California, USA

1001-5000 employees