Senior Private Banking Support

Montpellier Resourcing Associates Ltd.; Greater London; Hybrid; GBP 81,000 - 99,000; Full time

Job summary

Montpellier Resourcing Associates Limited advertises a Senior Private Banking Support role in London. The successful candidate will act as the engine room for the desk, owning KYC onboarding, complex structures, and regulatory compliance for an international UHNW book, with a focus on high-risk clients including PEPs.

You will support strategic onboarding, KYC leadership, and complex portfolio operations for a large, international client base.

Qualifications

• 7+ years of direct Private Banking experience or equivalent relevant experience.
• Must hold the IAD or be willing to complete within one year of joining.
• Experience with international clients and high-risk, complex ownership structures.

Responsibilities

• Lead end-to-end KYC lifecycle for complex structures, including enhanced due diligence on high-risk clients and PEPs.
• Proactively manage the production of suitable investment reports and investor profiles to ensure MiFID II compliance.
• Provide high-level technical support for discretionary and non-discretionary portfolios.
• Execute sophisticated client instructions including high-value payments and FX trades.
• Confirm income and book trades for non-discretionary accounts with accuracy.
• Serve as senior liaison between the desk and Operations, Compliance, and Offshore entities.
• Interact directly with UHNW clients and senior stakeholders to resolve queries and identify opportunities.
• Maintain expert knowledge of Code of Conduct, Cross-Border, AML and FATCA/CRS.

Skills

KYC onboarding

Regulatory compliance

Investment product knowledge

Client relationship management

Attention to detail

Education

Investment Advice Diploma (IAD)

Tools

KYC systems

AML tooling

Job description

Senior Private Banking Support

Up to £90,000 plus FANTASTIC bonus and benefits

Hybridworkingavailable

A prestigious private bank in London is seeking a highly experienced and proactive Private Banking Assistant to provide expert support to a senior Private Banker covering a large and complex international book. This is a critical role designed for a seasoned professional who can take full ownership of the administration and operational management of an established, ultra-high-net-worth book of business.

As an Private Banking Assistant, you will act as the primary engine room for the desk, ensuring seamless service delivery for an entirely international client base across the Middle East, while maintaining the highest standards of regulatory integrity.

The book is close to US$1 billion in assets and is predominantly asset management rather than lending or mortgages. A large proportion of the clients are classed as high risk, including politically exposed persons (PEPs), with complex ownership structures and a high level of operational risk. Clients are sophisticated and knowledgeable, and many relationships stretch back well over a decade.

Please note, candidates should ideally have 7+ years of direct Private Banking experience (candidates with fewer years must show directly relevant experience) and MUST hold the IAD, or be willing to complete it within one year of joining

Key Responsibilities of the Assistant Relationship Manager to include:

• Strategic Onboarding & KYC Leadership: Take full accountability for the end-to-end KYC lifecycle for complex structures, including enhanced due diligence on high-risk clients and PEPs. You will drive the collection, analysis, and submission of documentation, navigating intricate client profiles with minimal supervision.
• AdvancedInvestmentSuitability:Proactivelymanagetheproductionofmandatorysuitabilityreportsandinvestorprofilereviews.EnsurethebookremainsfullycompliantwithMiFIDIIandinternalstandardsatalltimes.
• Complex Portfolio Support: Provide high-level technical support for discretionary and non-discretionary investment portfolios.
• ExpertBankingOperations:Executesophisticatedclientinstructions,includinghigh-valuepayments,FXtrading,andcomplexe-bankingconfigurations.
• Non-DiscretionaryExecution:Confirmincomeandaccuratelybooktradesfornon-discretionaryinvestmentaccountswithprecision.
• SeniorStakeholderLiaison:Actastheleadpointofcontactbetweenthedeskandinternaldepartments(Operations,Compliance,andOffshoreentities)toresolvebottlenecksandstreamlineannualreviews.
• Client Relationship Partnership: Interact directly with UHNW clients as a trusted representative of the bank, understanding the nuances of each relationship, resolving complex queries and identifying opportunities to promote relevant products and services.
• Regulatory Guardianship: Maintain an expert-level understanding of the Code of Conduct, Cross-Border regulations, AML, and FATCA/CRS requirements. Stay abreast of regulatory change and take a hands-on approach to managing risk.

Requirements for the successful Assistant Relationship Manager to include:

• Ideally 7+ years of direct Private Banking experience. Candidates with fewer years will be considered where their experience is directly relevant.
• Deep expertise in KYC/onboarding and enhanced due diligence for complex ownership structures and high-risk clients, including PEPs, with hands-on experience of AML and ALM. A robust understanding of investment products (Discretionary & Non-Discretionary) and a working knowledge of credit.
• Candidates MUST hold the IAD (Investment Advice Diploma), or be willing to complete it within one year of joining
• Experience of working with international clients. A background at an international private bank with rigorous due diligence and operational standards is preferred.
• Intellectual curiosity, strong analytical skills, excellent attention to detail, and the ability to work autonomously and stay highly organised.
• Aproventrackrecordofmanagingaheavyworkloadforaseniorbankerwith\"first-timeright\"accuracyandminimaloversight.
• Exceptional interpersonal skills with the ability to engage with ultra-high-net-worth individuals and senior internal stakeholders, and the judgement to be trusted as the banker's deputy.

This vacancy is being advertised by Montpellier Resourcing Associates Limited. The services advertised by Montpellier Resourcing Associates Limited are those of an Employment Agency