Jr. Private Banker

Itaú USA; Miami (FL); On-site; USD 60,000 - 90,000; Full time

Job summary

Itaú USA is seeking a Junior Private Banker to support the growth of a key client portfolio in the private banking division. You will work with the advisory and product teams to tailor proposals, deepen relationships, and enhance the client experience.

You will identify opportunities, conduct client needs assessments, and ensure compliant processes, including documentation like W8 and KYC updates. Bilingual English/Spanish skills are a plus for serving diverse clients.

Qualifications

• Bachelor's degree required or equivalent experience in business/financial services.
• Finra Series 7 license required.
• Strong knowledge of private banking investments, products and services.
• Proven sales and relationship-management capabilities.
• Excellent analytical and organizational skills.

Responsibilities

• Support expansion of the private banking business by generating and following up on leads with existing and prospective clients, and assessing and delivering on banking, investment, and wealth planning needs.
• Identify and deliver suitable banking products and services after conducting in-depth client needs assessment and analysis.
• Collaborate with the investment and advisory team, product experts and other areas to maximize client experience and referrals.
• Meet and exceed client expectations by delivering exceptional service professionally and promptly.
• Maintain disciplined account management practices with regular reviews and necessary documentation (W8, KYC updates).
• Identify sources for prospects and define a method to maximize client acquisition efforts.

Skills

Sales skills

Relationship management

Analytical skills

Organizational skills

Interpersonal influence

Team collaboration

Fluency in English and Spanish

Education

Bachelor's degree in business administration or related field

Job description

Jr. Private Banker duties include, but are not limited to, working on acquiring prospective clients, collaborating with the investment and advisory team, and meeting client’s expectations.

Who We Are

Itaú is the largest private financial institution in Latin America. Through our operations in the United States, Bahamas, and Switzerland, we connect clients to opportunities across global markets while combining the strength of a leading financial institution with a forward-looking mindset.

Why This Role Matters

This role will help strengthen the coverage of a significant and highly profitable client portfolio by providing more consistent attention, follow-up, and tailored proposals to clients with additional growth potential. Working closely with the existing team, the Junior Private Banker will help deepen relationships, improve the day-to-day client experience, and support the continued growth of the portfolio.

What You'll Do

• Support the expansion of the private banking business by generating and following up on leads with existing and prospective clients, and assessing & delivering on their overall banking, investment, and wealth planning needs
• Identify and deliver appropriate banking products & services demonstrating simplicity, guidance, knowledge, and experience, after conducting an in-depth client needs assessment and analysis
• Work collaboratively with the investment & advisory team, product experts and other business areas in order to maximize the client experience, engender trust and cooperation, identify synergies and referral opportunities, and maximize the depth of the product & service platform offered to current and prospective clients.
• Meet and exceed client expectations by consistently providing exceptional customer service in a professional, positive, thorough and timely manner.
• Demonstrate a proactive attitude by providing clients with thoughtful and relevant information and insight
• Develop and maintain a disciplined approach to sound account management practices by conducting rigorous account reviews on a consistent basis
• Maintain required documentation of the book (W8, KYC updates etc.)
• Efficiently manage client communication, including business travel plans
• Identify sources for prospects, defining a methodology to maximize client acquisition efforts
• Compliance with BSA/AML laws, rules, regulations and the bank's BSA/AML policies and procedures

What We’re Looking For

• Bachelor’s degree in business administration or related field
• FINRA Series 7 License required
• Demonstrated knowledge of private banking investments, products and services
• Superior sales and relationship management skills
• Outstanding analytical and organizational skills
• Exceptional interpersonal and influence management capabilities
• Ability to work well with multiple teams
• Fluency in Spanish and English

Compliance with Anti-Money Laundering and Bank Secrecy Act related principles, laws, rules and regulations, as well as Itau’s related policies and procedures.