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Wealth Management Jobs

Latest jobs

Senior Legal Counsel
  • Job type: Permanent
  • Location: Paris
  • Salary: €120000 - €130000 per annum
  • Description Director Asset Servicing and Wealth Management A global financial services company is looking for a Legal Counsel to join their legal team in Paris.
Senior Accountant
  • Job type: Contract
  • Location: Mamer
  • Salary: Competitive
  • Description We have been mandated by a leading Wealth Management company with their global HQ located in Luxembourg who is looking to hire an experienced Head...
Head of Model Risk Management
  • Job type: Permanent
  • Location: Tampa
  • Salary: $200000 - $250000 per annum
  • Description Top Financial Institution is looking to for a highly motivated and quantitative individual to lead all of Model of Risk Management aspects across development,validation, and...
Software Developer (C#/Java)
  • Job type: Permanent
  • Location: New York
  • Salary: $150000 - $175000 per annum, Benefits: +bonus
  • Description Software Developer (C#/Java) FinTech– Capital Markets New York, NY Circa $175K+ bonus Our client is
North African Private Banker
  • Job type: Permanent
  • Location: Geneva
  • Salary: £150000 - £250000 per annum, Benefits: Discretionary bonus
  • Description The role of Senior Private Banker is open with a leading private bank in the region. My client is a Wealth Management boutique bank with...
European Institutional Sales at £50b AM | London
  • Job type: Permanent
  • Location: London
  • Salary: Competitive
  • Description Institutional Sales Manager at Leading Asset Manager Our client is a £50b AUM London headquartered Asset Manager focusing upon equities, fixed income and multi-asset
Vice President for Boutique Private bank in Luxembourg
  • Job type: Permanent
  • Location: London
  • Salary: £100000 - £150000 per annum
  • Description My client is a family-owned private bank within Luxembourg with a heavy focus on European markets. They have a strong balance sheet and offer a...
Head of Sales - Private Banking
  • Job type: Permanent
  • Location: Dubai
  • Salary: $200000 - $240000 per annum
  • Description Job Title: Head of Sales, Private Banking Job role: - To manage relationship managers and investment advisors - To help relationship managers hit sales targets - Work
Desk Head French market Tier 1 International Bank in Luxembourg
  • Job type: Permanent
  • Location: London
  • Salary: £125000 - £150000 per annum
  • Description My client is a tier 1 International private bank with a strong balance sheet, exceptional credit ratings and proposes a high level of services in...

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