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Wealth Management Jobs

Latest jobs

QA Test Engineer
  • Job type: Permanent
  • Location: Boston, Massachusetts
  • Salary: US$140000 - US$160000 per year
  • Description A leading Boston Hedge Fund is currently seeking a motivated Software Test Engineer to join their team. As a member of this team you will play a key role in creating test frameworks that will be
Senior Chartering Manager
  • Job type: Permanent
  • Location: Dubai
  • Salary: Negotiable
  • Description The Company: A world-renowned Operator & Owner in the Dry Bulk sector is looking to expand its footprint in the UAE by bringing on an experienced chartering manager in their Dubai office
Interest Rate Derivatives Trading - Investment Bank - Frankfurt
  • Job type: Permanent
  • Location: Frankfurt am Main, Hessen
  • Salary: €70000 - €120000 per annum
  • Description Interest Rate Derivatives Trading - Investment Bank - Frankfurt Salary Bracket €70,000 - €120,000 We are currently working with a Global Investment Bank who is looking to add a Interest Rates
Equity Analyst / Financial Analyst
  • Job type: Permanent
  • Location: London
  • Salary: £60000 - £100000 per annum
  • Description Equity Analyst / Financial Analyst Salary Bracket £60,000 - £100,000 We are currently working with a leading global electronic market maker currently looking to on-board an Equity / Financial
Quant Trader
  • Job type: Permanent
  • Location: New York
  • Salary: US$150000 - US$1000000 per year
  • Description We are working with an established prop trading firm (>$1B AUM) who are actively looking to add proven quantitative traders to their team.
Consumer Associate
  • Job type: Permanent
  • Location: New York
  • Salary: US$150000 - US$200000 per year
  • Description Title: Investment Banking Senior Analyst / Associate - Consumer & Retail Location: New York, NY Our client is a leading financial institution and considered to be one of the Leading Global
Sales - Equity Research - Buyside
  • Job type: Permanent
  • Location: London
  • Salary: Competitive
  • Description Responsibilities of the Equity Research Sales professional: Maintain, retain and build new business throughout the European market with a firm focus on France, Germany, Switzerland and the Netherlands
Crude Oil Trader
  • Job type: Permanent
  • Location: City of London, London
  • Salary: Negotiable
  • Description The Company A world-leading Integrated Energy Company within the oil and natural gas space, is looking to expand its Crude Oil Trading desk in London. The primary function of the role will be to
Wealth Planner - Private Bank, Singapore
  • Job type: Permanent
  • Location: Singapore
  • Salary: Competitive
  • Description A leading International Private Bank is looking for an experienced trust and estate planner to join their team in Singapore.

Private wealth management specialists provide clients with personalized financial services, helping them to make informed investment decisions and fully utilize their wealth, while minimizing risk. Services provided by private bankers range from providing pension advice, tax and estate planning, through to philanthropic activities, managing bills, monitoring financial activities, and screening solicitations for contributions.

Wealth Management Employment Outlook and Salary  
Salaries for Private Bankers generally comprise of commission with the base salary based on an AUM (Assets Under Management) fee. 
The average salary for private banking relationship managers in the United States is $79,708 per year with a range of $60,824 - $152,051. In the United Kingdom, the average salary is £36,000 per year with salaries range from £18,413 - £89,131. Salary depends on industry knowledge, skills, experience and expertise within the field and can vary based on the number of clients and size of the employer.
The private banking sector continues to expand with markets currently experiencing a boom. It’s expected that the sector will remain buoyant in the upcoming years as companies continue to hire experienced front-line staff tasked with bringing in larger assets and profits. Within the financial sector, private banking continues to represent one of the most lucrative career paths.

Job Description
A private wealth manager oversees a team of employees and is responsible for different types of operations such as managing loan volumes, handling deposits and ensuring that procedures and policies are adhered to. A private bank manager is also expected to act as an advisor providing input into budget development and strategic decisions. 

Job responsibilities of a private bank manager continue to increase as products and potential investment options grow and it is therefore crucial that managers in this field have an in-depth knowledge of financial products such as bonds, stocks, financial derivatives, hedge funds and private equity. 

The role of a Private Banker includes:

  • Consulting with clients regarding their financial requirements
  • Developing loan packages for underwriting and credit review
  • Recommending appropriate services, products, and strategies
  • Monitoring client requirements in order to fully utilize organizational services and products 
  • Evaluating the credit, tax and financial needs of all clients
  • Cross-selling products and services to existing clients
  • Adhering to banking practices and policies along with other regulatory statutes
  • Developing existing and new business utilizing external resources 
  • Sharing information about market conditions

Key Skills & Qualifications
A private banker is primarily responsible for building trust with current and potential clients and quickly establishing a rapport. Good communication and interpersonal skills are required, as is the ability to listen and understand a client’s requirements. Private bankers must have strong decision-making and analytical skills and be comfortable working in a rapidly changing, fast-paced environment. A sound understanding of prevailing economic conditions and financial markets is necessary in order to understand and analyze financial trends and produce information that is of benefit when guiding clients.

As well as looking for local market knowledge, formal credit training and previous experience in wealth management or private banking, employers tend to favour well-rounded candidates that possess a certain set of core skills and competencies including:

  • Strong understanding of lending and banking products 
  • Excellent marketing and business development skills
  • Detailed understanding of the financial needs of all types of customers
  • Ability to manage client expectations and meet tight deadlines