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Wealth Management Jobs

Latest jobs

LME Trade Operations
  • Job type: Permanent
  • Location: London
  • Salary: Competitive
  • Description Trade Operations A well-established metals trading company with a global presence is currently looking to add an LME Operations person to their team in London
Chemical Sales
  • Job type: Permanent
  • Location: London
  • Salary: Competitive
  • Description An International Trade house is looking for a Chemical Sales person to help add to their expanding team. The person must have a good understanding of chemical products, Trading platforms and Processes
OTC Trade Support Analyst
  • Job type: Permanent
  • Location: London
  • Salary: Competitive
  • Description OTC Trade Support Analyst - London A world leading commodity brokerage is seeking to hire a Trade Support Analyst to their established team in London. Reporting directly to the Head of Operations
Associate XVA Trader - Investment Bank - London
  • Job type: Permanent
  • Location: London
  • Salary: £50000 - £90000 per annum
  • Description Associate XVA Trader - Investment Bank - London Salary Bracket £50,000 - £90,000 An Investment Bank in London is currently looking for a junior XVA Trader / Structurer with strong technical skills
Business Analyst - HEDGE FUND
  • Job type: Permanent
  • Location: Los Angeles Metro Area, California
  • Salary: US$150000 - US$200000 per year
  • Description Responsibilities  Learn the firm's current suite of systems related to risk and marketing  Work closely with Risk and Marketing teams to understand complex business workflows  Enhance the
Full Stack Developer
  • Job type: Permanent
  • Location: Virginia
  • Salary: Negotiable
  • Description Full Stack Developer Leading Financial Firm Richmond, Virginia Competitive Compensation ranging from 75,000 - 130,000 base + discretionary bonus Key Skills: Java, JavaScript, SSRS, JQuery, CSS
Head EMEA Distribution - ETFs - London
  • Job type: Permanent
  • Location: London
  • Salary: £150000 - £200000 per annum
  • Description Head EMEA Distribution Sales - London Salary Bracket £150,000 - £200,000 A global ETF Issuer is currently looking for a Head of Distribution for their London office
Execution Quant
  • Job type: Permanent
  • Location: New York
  • Salary: US$150000 - US$400000 per year
  • Description Staying knowledgeable about the markets, and prioritizing the desk's research requests will also be important.
Quantitative risk model developer
  • Job type: Permanent
  • Location: Singapore
  • Salary: Attractive Benefits
  • Description Job Description - Quantitative risk model developer Responsibilities Overall sight of counterparty credit, market and liquidity quantitative risk model developmentEvaluate existing risk models

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