Wealth Advisor

October 7 2019
Industries Bank, Insurance, Financial services
Categories Accounting, Finance, Bank, Insurance, Financial services, Trading, Asset management, Bank, Insurance, Financial Services
Nanaimo, BC

If you believe in the same things we do, let’s talk.

First West Credit Union is a tight-knit team of smart, friendly, creative, skillful and passionate professionals spread across British Columbia and beyond. We’ve come together because we believe in making a real difference in people’s financial lives. We believe that keeping things simple, showing leadership, and banking cooperatively can change the world for the better.

We are seeking a Wealth Advisor to join our team.

The Wealth Advisor (WA) is responsible for working with and managing a book of high value members in assigned, multiple branch locations, by offering a full range of investment and financial planning advice including deposit and lending services. The role will work to consolidate investment assets through two broad groups: 1) existing members to consolidate external assets to First West; 2) referrals from existing members and business development that bring new members with wealth. The Wealth Advisor will also meet regularly with assigned members to ensure retention of assets and assist with retirement and/or financial plans. This role will work in close collaboration with retail branch employees and Wealth Planning Specialists to ensure members are receiving the necessary advice and ongoing service.

Here’s what would be included as a part of your typical day:

Key Accountabilities:

  • Financial Planning and Advice: Uses financial planning tools to develop plans and recommendations to meet the members investing/financial planning goals; meets personal investment sales targets through advisory sales and financial planning with credit union members; analyzes and identifies member need through interview process; identifies member goals and risk tolerance; develops recommendation based on gaps determined; and collaborates with FW Investment Specialists to ensure members are receiving comprehensive financial planning
  • Portfolio Management: Manages and grows an assigned portfolio of high value members; develops methods and process to ensure members within portfolio are contacted on a regular basis; ensures portfolio reflects the life stage and risk tolerance of the member; makes recommendations on adjustments to portfolio, as required; and drives asset consolidation among members by helping members to implement the recommended financial plan within the credit union
  • Business Development: Develops and executes an annual business development plan that includes techniques and methods to be utilized for securing new member accounts; builds collaborative working relationships and teamwork with branch staff to identify current and potential members with investment and financial planning need; gains introductions to members and identifies their current portfolio and investment needs; identifies and assists in developing opportunities for retail banking products and services with CU branch partners; and develops a referral network through community events, on-line social media and other networking activities.
  • Risk Management: Ensures compliance with all FW audit/risk management policies and procedures; adheres to applicable external agency/vendor/government regulatory requirements and standards; maintains a profession standard of conduct at all times while promoting a positive image of the organization; meets annual professional continuing education requirements; and maintains up to date and accurate member files, electronic and physical records, as required.

Required Skills, Experience & Qualifications:

  • Mutual funds license required
  • CFP designation (within 12 months) required
  • SFA certification program (within 12 months) required
  • 5 years’ experience in financial planning/investment sales, with the proven ability to consistently meet or exceed targets
  • 2 years’ experience with retail lending
  • Expert knowledge of the investment industry, products, and the principles of investment advice/financial planning
  • “Four quadrant” member transaction
  • Proven track record of exceptional sales results
  • Retail banking experience an asset
  • Proficient with computer software programs, e.g. Microsoft Office
  • Demonstrated financial planning skills
  • Proficient with planning software, e.g. PlanPlus

Why work for us?

Our employees give us a lot and we think it’s only right to give something back. We offer a total rewards package that includes:

  • A competitive base salary plus performance-based incentive compensation and annual merit pay increases
  • Flexible benefits as well as retirement benefits
  • Vacation time, a flexible bonus day off every year, and the ability to purchase up to five additional flex days
  • Other financial perks such as waived or reduced financial service fees, reduced rates on personal loans, mortgages, and vehicle leases, and no-interest loans to buy computers or fitness equipment for home use

But most of all, we’re invested in our local communities. Our initiatives are far-reaching with a special focus on raising food, funds and awareness for our local food banks. We volunteer and employees can be provided with paid time off to volunteer their time to assist in serving an organization.

What’s your place in the First West story? Apply now and let’s find out together!

First West regrets that only candidates selected for an interview will be contacted.

Diversity & Inclusion

First West Credit Union is committed to diversity and inclusion. Our goal is to create an inclusive, accessible environment for our candidates and employees that reflects the communities in which operate. If you require an accommodation for the recruitment or interview process (including alternate formats of materials, accessible meeting rooms or other types of accommodation), please let us know and we will work with you to meet your needs.

Company: Island Savings, a Division of First West Credit Union

Apply now!

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