Private Banker – Midlands

Barclays UK; Birmingham; On-site; GBP 60,000 - 100,000; Full time

Job summary

A leading company in financial services is seeking a Senior Private Banker to establish robust relationships with high net worth clients. This role demands expertise in providing tailored financial solutions and analyzing market trends to support clients in achieving their financial goals.

Qualifications

• Proven experience in private banking or wealth management.
• Strong understanding of financial products and risk management strategies.
• Ability to analyze complex financial data and present tailored solutions.

Responsibilities

• Originate and secure private banking relationships through referrals and networks.
• Provide bespoke financial advice and solutions tailored to client needs.
• Manage client satisfaction and monitor revenue metrics.

Skills

Relationship Management

Financial Analysis

Investment Advice

Negotiation

Job description

Overall purpose of role

Private Banking offers bespoke banking and investment solutions to high net worth (HNW) and ultra high net worth (UHNW) individuals & Family Offices across the globe. This role focuses on clients across the Midlands in the UK, providing a comprehensive range of investment advice across all asset classes, wealth structuring advice, and banking services.

Key Accountabilities

• Originate new business by identifying, developing, and securing private banking relationships through personal and client referrals, Barclays Group internal networks, and corporate and investment banking sources.
• Work towards achieving personal objectives and team targets related to:

• New clients
• Assets under management
• Revenues

• Maintain high standards of client service and delivery.
• Act as the primary contact for banking products, credit advice, and client queries.
• Provide high-quality, bespoke advice, maximizing value for clients and negotiating optimal commercial outcomes.
• Serve as the key interface between clients and other parts of Barclays, including Wealth Advisory, Discretionary Portfolio Management, Investment Advisory, Global Investment & Solutions, Investment Bank, and Corporate Bank.

Locations: Birmingham, Northampton, or Milton Keynes.

• Offer clients world-class financial solutions.
• Engage in discussions about markets, their issues, and opportunities with clients.
• Utilize the banker toolset, systems, and platforms effectively, challenging standards to improve quality.
• Engage with digital technologies, products, and solutions relevant to Wealth, enhancing client service.

Purpose of the role

Establish and nurture profitable partnerships with corporate and individual clients, acting as a bridge between the bank’s offerings and client needs for mutual benefit and long-term success.

Accountabilities

• Manage client relationships by understanding their financial goals, challenges, and risk tolerance, analyzing data from portfolios and cash flows to identify trends and opportunities.
• Research industry trends, regulatory landscapes, and competitive environments to inform strategic advice.
• Design customized solutions using a range of products and services from the bank’s portfolio.
• Communicate the value of proposed solutions, justify recommendations, and negotiate terms beneficial to both client and bank.
• Provide guidance on financial decisions, investment advice, risk management, wealth strategies, and market updates.
• Assess and mitigate financial, legal, and operational risks associated with client relationships.
• Document all interactions, transactions, and agreements for transparency and audit purposes.
• Monitor client satisfaction and revenue metrics to evaluate relationship management effectiveness.

Director Expectations

• Manage a business function, contributing to strategic initiatives, and influencing policies and procedures.
• Lead a large team or manage organization-wide projects, coaching less experienced staff and providing strategic insights for long-term profitability and risk management.
• Advise senior management and committees, shaping decisions beyond the immediate function.
• Manage resourcing, budgeting, and policy creation for significant sub-functions.
• Ensure compliance with regulations and internal policies, and influence external regulatory and advocacy groups when appropriate.
• Maintain comprehensive industry knowledge and stay updated on external developments.
• Use analytical skills to solve complex problems and design solutions.
• Make significant strategic decisions within their area, influence stakeholders, and act as a principal contact for key clients and partners.
• Represent the function and business division as a spokesperson.

All Senior Leaders are expected to demonstrate leadership behaviors aligned with Barclays’ values and to foster an environment where colleagues can excel, emphasizing the LEAD behaviors: Listen and be authentic, Energize and inspire, Align across the enterprise, Develop others. All colleagues should embody Barclays’ values of Respect, Integrity, Service, Excellence, and Stewardship, and demonstrate the Barclays Mindset of Empower, Challenge, and Drive.