• Deutsche Bank
  • $87,220.00 -178,020.00/year*
  • New York, NY
  • Financial Services - Insurance
  • Full-Time
  • 21 Warren St

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IWP Junior Coverage Specialist - Associate

Job ID: 3189295 Full/Part-Time: Full-time Regular/Temporary: Regular Listed: 2019-04-05 Location: New York, United States of America

For candidates applying for positions in the US:

Deutsche Bank is an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the \"EEO is the Law\" poster and pay transparency statement.

Position Overview

Job Title: IWP Junior Coverage Specialist

Corporate Title: Associate

Location: New York, NY

About Deutsche Bank

We are Germany's leading bank with strong positions in Europe and significant presence in the Americas and Asia Pacific. We're driving growth through our strong client franchise, investing heavily in digital technologies, prioritizing long-term success over short-term gains, and serving society with ambition and integrity. We serve our clients' real economic needs in commercial and investment banking, retail banking and transaction banking, and provide ground-breaking products and services in asset and wealth management. That means a career packed with opportunities to grow and the chance to shape the future of our clients.

Position Description

Institutional Wealth Partners (\"IWP\") provides Wealth Management \"WM\" clients with access to the Corporate & Investment Bank \"CIB\" and Global Markets \"GM\" capabilities inclusive of lending, investments, trading and hedging and access to the IWP Private Markets platform. IWP serves qualified WM clients, IWP Adopted Clients \"IWP Clients\", which consists of Ultra-High Net Worth Individuals \"UHNWIs\", Family Offices, and select institutional clients. IWP delivers CIB and GM capabilities through the IWP Coverage, Capital Markets, Product teams and coordinating with Corporate Finance for CIB Investment Banking and Capital Markets capabilities.

The IWP Junior Coverage Specialists will be responsible for supporting the Senior IWP Coverage team in their interactions with the WM Relationship Managers (RM's) and their clients. You will learn and develop a working knowledge of IWP capabilities and assist in the origination and distribution of these capabilities including the development of the existing WM clients and prospects. This is accomplished by working with the Senior Coverage professionals as they interact and work with the WM RMs, clients and prospects to identify their needs and opportunities that can be best met by IWP capabilities and products. IWP Coverage relies on the support of IWP CF, IWP Investments & Trading and Products teams for transaction ideas, distribution and execution.

Responsibilities:

You will specifically be responsible & accountable for:

Client development & management goals

* Working with the Senior Coverage team to build a productive and trusted working relationship with assigned RM's and clients
* Build a productive and trusted working relationship with IWP Investments & Trading and Product Teams
* Collaborate with IWP CF and ISG colleagues to achieve best fit solutions for clients
* Support and update client intelligence databases and pipeline systems in collaboration with IWP Investment & Trading and KCP Product Teams to include dbForce, KPC Product Syndicate, etc
* Ensure KYC and IWP Client Adoption policies and procedures are followed and that required controls and suitability are adhered too

Experience/Exposure:

* Wealth Management and/or CIB experience
* Must have at least 12 months Sales/Client interface experience and able to build relationships autonomously
* A critical & intuitive thinker, with sharp investigative skills and attention to detail
* Strong financial literacy
* Understands financial markets, their drivers and cyclical impacts
* Effective communication and presentation skills including report writing (e.g. research, product offerings)
* Trouble-shooter, with entrepreneurial DNA
* Team player in a diverse team
* Motivated self-starter
* Spanish speaker

Education/Qualifications:

* Undergraduate Bachelor's degree
* Series 7 & 63 (or willing to take and complete within 6 month period)

Wealth Management

With client assets of around EUR 300 billion (as at September 30, 2017), Deutsche Bank's Wealth Management business is one of the largest asset managers worldwide. We offer affluent clients a broad range of traditional and alternative investment solutions, as well as comprehensive advice on all aspects of Wealth Management.

As a trusted partner of wealthy individuals and entrepreneurs, family offices and foundations. We create lasting value for clients. We develop bespoke solutions for our clients around the world, for instance wealth planning across successive generations and international borders, asset management with individual risk management, loans and deposits. All this is possible thanks to our global network, our many years of experience and our close collaboration with the Corporate & Investment Bank and Deutsche Asset Management.

We combine financial strength and stability with trustworthy partnership and forward-thinking in order to build sustainable and beneficial client relationships.


Associated topics: call center, commission, customer, inside sales, insurance sales, lead sales agent, outside sales, retail, sales associate, sales position

* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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