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Associate Director - Private Banking

  • Location

    West End, London

  • Sector:

    Operations & Middle Office

  • Job type:


  • Salary:

    £100000 - £110000 per annum

  • Contact:

    Scott Duerden

  • Contact email:

  • Job ref:


  • Published:

    over 1 year ago

Our Client a Global Banking Group in Central London is recruiting a Director or Private Banking to work within a Relationship Management capacity in a Private Banking Department. This role will report to the Head of Private Banking.

In summary the role as Director or Private Banking will be responsible for

  • Acquisition of new client relationships and development of existing client relationships within the Private Banking sector with a specific focus on KSA
  • Selling a range of private banking solutions to existing and new clients
  • Achieving high levels of service standards and maximize client satisfaction
  • Demonstrate awareness of budgets and accounts and profitability
  • Compliance with FCA and anti-money laundering regulations

Breakdown of responsibilities include:

  • Building investment knowledge and be conversant with the full range of private banking services:
  • Initiates, develops and retains client relationships while contributing actively to the business development and financial goals of the unit.
  • Credit responsibilities such as reviewing excess reports, preparing Facility Applications, credit reviews, preparation of loan documentation and negotiation of credit terms
  • Keeping abreast of investment and product offerings to be the client's window to the private banking services offered the Bank.
  • Up-to-date compliance, KYC and client profile on each client.
  • Assessing risk tolerance and investment suitability of each client and marketing appropriate products and services
  • Deputise and support other team members by attending to clients' needs in their absence whilst adhering at all times to the regulatory competences requirements
  • Having extensive investment knowledge and good knowledge of the UK property market and lending to develop the London branch real estate investment programme
  • Having sufficient knowledge in trusts, asset management, banking and advisory services
  • client satisfaction and service quality levels by ensuring that the client's needs are met
  • Remaining informed about market trends, customer preferences, and new products
  • Contributing to all aspects of the marketing mix including products development
  • Completing meeting reports and establishing a follow-up system
  • Ensuring a high level of confidentiality is maintained at all times

The Successful Candidate must:

  • Have worked in a client facing role within a private banking environment for at least 10 years with a minimum of five years in an investment advisory position
  • Have the relevant FCA accreditation to undertake an advisory role which includes the Certificate in Securities and Financial Derivatives and the Investment Advisory Certificate
  • Be fully RDR Compliant
  • Be conversant with the full range of Private Banking services, including trusts, asset management, banking and advisory services
  • Be culturally aware and possesses market intelligence of KSA markets required to develop business and to be well perceived in the market place. Able to structure a network through the market conducive to client acquisition

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