Senior Private Banker

Weatherbys Bank Ltd; London; On-site; GBP 70,000 - 100,000; Full time

Job summary

A leading bank is seeking a Senior Private Banker to develop and manage a portfolio of high net worth clients in London. The role involves providing comprehensive banking and investment advice, ensuring compliance with regulations, and fostering strong client relationships. Candidates should possess exceptional client servicing skills and relevant qualifications, including a degree and specific certifications. This position offers a competitive salary and the opportunity to work in a dynamic financial environment.

Qualifications

• Degree educated or equivalent.
• Certified staff (previously CF30) status.
• Commitment to maintain regulatory qualifications.

Responsibilities

• Manage a portfolio of high net worth clients.
• Provide regulated mortgage and investment advice.
• Ensure compliance with FCA Principles and Rules.

Skills

Client servicing

Relationship management

Technical banking knowledge

Investment advice

Portfolio management

Regulatory compliance

Report writing

Proactive approach

Education

Degree or equivalent

CeMAP Qualification

IAD Qualification

PCIAM Qualification

Tools

Microsoft Word

Microsoft Excel

Job description

Job Purpose:

The role of Senior Private Banker is to develop and maintain a portfolio of 100+ private banking clients and to assist them with their banking, credit and investment related needs. Provide regulated mortgage and investment advice to clients and generate income from the client portfolio. Develop strong relationships with clients and clearly communicate the product offering of the Private Bank.

Key responsibilities:

• To take personal responsibility for a portfolio of high net worth clients, heading their complete banking relationship with Weatherbys.
• To fully understand the potential banking needs of both private banking and business clients and generate sustained revenue growth over long-term proactive relationships.
• Identify and recruit potential new clients.
• Increase the volume of client lending and deposits.
• Increase assets under advice in the investment and wealth advice (IWA) service, provide compliant investment advice including suitability, and undertake on-going monitoring of a client’s investments to ensure continued suitability.
• Take full responsibility for credit, lending and security documentation for own portfolio of clients.
• Put the clients ‘interests’ first and execute client instructions in a timely and accurate manner.
• Manage excess control of accounts and sanction credit applications for clients using delegated lending authorities.
• Ensure compliance with all FCA Principles and Rules, other statutes and regulations, investment, mortgage and other Weatherbys standards and procedures whilst maintaining the highest standards of professionalism and ethics.
• Ensure level of training and competence is in line with regulatory investment and regulatory mortgage requirements.
• Handle all regulated and non- regulated complaints received.
• Manage the portfolio lending quality, including management of bad and doubtful debts.

The above is not a definitive list of your duties and you may be required to perform additional tasks as necessitated by your changing role and in line with company objectives.

Skill Requirements:

• Exceptional client servicing and relationship management skills with High Net worth Clients and demonstrable experience in building and managing this client base.
• Excellent verbal and written communications skills.
• Excellent technical banking knowledge and experience of the financial services industry.
• Strong Knowledge of global economic and political conditions, current affairs and competitor activity and the impact of these on clients.
• Excellent knowledge of regulated credit agreements/investment advice/ deposits/ portfolio management services/ financial promotions.
• Significant experience in managing client portfolios with respect to client objectives and regulatory requirements.
• Excellent knowledge of the process of assessing both creditworthiness and suitability.
• Good knowledge and understanding of the property purchasing process/ security valuation/ functioning of land register/ account opening.
• Computer literate with a solid understanding of Microsoft Word/ Excel
• Good report writing skills.
• Proactive and innovate approach with a positive attitude.

Training and Qualifications:

• Degree educated or equivalent
• Certified staff (previously CF30) status and commitment to maintain status as the regulatory requirements change.
• CeMAP Qualification
• IAD Qualification
• PCIAM Qualification