Accessibility Links

Wealth Management Jobs

Latest jobs

Quantitative Trader
  • Job type: Permanent
  • Location: San Francisco, California
  • Salary: US$100000 - US$130000 per year
  • Description Quantitative Trader | Junior Trader | San Francisco A Quantitative hedge fund located in the San Francisco Bay Area is looking to expand its quantitative investment strategies team
Machine Learning Quantitative Researcher
  • Job type: Permanent
  • Location: Chicago, Illinois
  • Salary: + bonus
  • Description A leading Chicago-based proprietary trading firm is looking to add Machine Learning Quantitative Researchers to their team.
IB Associate - Leveraged Finance
  • Job type: Permanent
  • Location: New York
  • Salary: US$200000 - US$250000 per year
  • Description Title: Investment Banking - Leveraged Finance (Sr. Associate or VP) Location: New York, NY Our client is a leading financial institution and considered to be one of the Leading Bulge Bracket
Managing Director - Technology Investment Banking
  • Job type: Permanent
  • Location: New York
  • Salary: US$150000 - US$200000 per year
  • Description Title: Managing Director - Technology Investment Banking Location: New York, NY Our client is a leading financial institution and is a large Technology Focused boutique investment bank on the street
Quantitative Researcher/Strategy Dev
  • Job type: Permanent
  • Location: Chicago, Illinois
  • Salary: +Bonus
  • Description A leading proprietary trading firm located in Chicago is looking to add a Quantitative Research/ Strategy Developer with a specific focus on algorithmic trading strategies.
Investment Banking Analyst
  • Job type: Permanent
  • Location: Tampa, Florida
  • Salary: US$100000 - US$120000 per year + Bonus
  • Description Title: Investment Banking Analyst - Healthcare Location: Tampa, FL Description: An leading specialty boutique investment bank is currently seeking an experienced Investment Banking Analyst to add to
VP Risk & Control
  • Job type: Permanent
  • Location: Minneapolis, Minnesota
  • Salary: US$150000 - US$175000 per annum
  • Description My client, a top bank with a global footprint, is seeking an individual to drive the development and maintenance of policies and operational controls across all lines of business under the consumer
Healthcare Analyst
  • Job type: Permanent
  • Location: New York
  • Salary: Negotiable
  • Description A growing multibillion dollar investment management firm is looking at a senior health care equity analyst to it's team. The analyst will be covering all sub-sectors of health care
Credit Analyst
  • Job type: Permanent
  • Location: Los Angeles, California
  • Salary: Negotiable
  • Description An investment management firm in the LA area is looking to add a Senior Credit analyst to their team. The analyst will be covering the High Yield and Leverage Loan space across a variety of different

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