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Wealth Management Jobs

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Senior Business Development Manager - Oil & Gas
  • Job type: Permanent
  • Location: City of London, London
  • Salary: Competitive
  • Description An independent energy research and business intelligence company providing data, tools, analytics and consultancy services to clients exposed to the energy industry across the globe
Quantitative Researcher/Trader - Equity Derivatives
  • Job type: Permanent
  • Location: Hong Kong
  • Salary: Negotiable
  • Description Our Client a top investment bank is looking for a Equity Derivatives Quant to join their team in Hong Kong to work on a initiative to overhaul, automate, and to optimize new and existing processes.
C++ Developer - Market Making
  • Job type: Permanent
  • Location: Amsterdam, North Holland
  • Salary: £80000 - £110000 per annum + Bonus + benefits
  • Description Front Office C++ Developer We are working with the Head of Trading at a growing Amsterdam-based market making firm. The firm started-up around 3 years back now and after good performance are looking
Quantitative Trader/Researcher
  • Job type: Permanent
  • Location: San Francisco, California
  • Salary: US$160000 - US$180000 per year
  • Description Quantitative Trader | Senior Trader | San Francisco A Quantitative hedge fund located in the San Francisco Bay Area is looking to expand its quantitative investment strategies team
Quantitative Developer (Python/C++)
  • Job type: Permanent
  • Location: New York
  • Salary: US$150000 - US$400000 per year
  • Description A multi billion dollar hedge fund, is looking for an experienced Quantitative Developer to join their Portfolio Management group.
Quantitative Analyst, Fixed Income Group
  • Job type: Permanent
  • Location: Los Angeles, California
  • Salary: US$100000 - US$300000 per year
  • Description A major asset manager in the LA region is looking to build out their Fixed Income Group.
Quantitative Researcher, NLP Focus
  • Job type: Permanent
  • Location: New York
  • Salary: US$150000 - US$200000 per year
  • Description The Quantitative Research Team is a branch of their Active Investment Group. The team works on an active trading floor alongside portfolio managers and traders.
Quantitative Research, Equity Alpha Researcher
  • Job type: Permanent
  • Location: New York
  • Salary: US$200000 - US$500000 per year
  • Description Through analysis of alternative data sources and cutting edge technology, a $15bbn hedge fund is looking to make their debut in the systematic group.
Quantitative Researcher (Vol)
  • Job type: Permanent
  • Location: New York
  • Salary: US$80000 - US$150000 per year
  • Description We're working with the Head of Quant Strategy at an emerging research firm based in NYC and the business is looking to build out the robustness of their quantitative analyst/strat team

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