Private Banker - Director

Deutsche Bank; New York (NY); Hybrid; USD 220,000 - 415,000; Full time

Benefits offered by this job

Health and wellbeing benefits

Retirement savings plans

Generous vacation and personal days

Hybrid working model

Job summary

Deutsche Bank is seeking a Private Banker to cultivate client relationships within Wealth Management. Responsibilities include generating substantial annual revenue and ensuring compliance standards are met. The ideal candidate will have relevant experience, strong sales skills, and a comprehensive understanding of financial markets.

This role adheres to the Bank’s hybrid working model and offers a competitive salary range from $220,000 to $415,000 based on experience and qualifications.

Qualifications

• Previous relevant experience in a similar role.
• Registered for S7 and S63 qualifications.
• Strong motivation to meet targets.

Responsibilities

• Develop, manage, and retain client relationships.
• Generate annual production of up to $1M.
• Ensure compliance with regulatory standards.

Skills

Sales and negotiation skills

Knowledge of financial markets

Client interaction

Communication skills

Job description

Overview

As a Private Banker within Wealth Management you will develop, manage, and retain client relationships. You will be responsible for acquiring assets through expanding existing client relationships and cultivating new relationships for the Bank. Your primary focus is growth— increasing "wallet share" through cross‑selling and attracting new clients, and identifying sales initiatives based on expert market knowledge and the Bank’s wealth‑management capabilities. You will actively participate in new business development, build a prospective client base, identify referral sources internally and externally, and offer value‑added client solutions while demonstrating the ability to close deals. You should have an understanding of capital markets and a technical skill set focused on comprehensive wealth management.

What You’ll Do

• Generate up to $1M of annual production / net new revenue
• Maintain $3M - $5M of total annual production / book revenue
• Present a holistic approach to clients, leveraging the entire Deutsche Bank platform
• Determine the right coverage model to deliver comprehensive, personalized wealth‑management solutions and diversified strategies to meet client demands
• Ensure current and prospective clients meet all Know‑Your‑Client, Anti‑Money‑Laundering, suitability and other corporate and regulatory compliance standards

How You’ll Lead

• Focus on new business development for the target client segment ($10M - $25M investable assets)

Skills You’ll Need

• Previous relevant experience
• Registered for S7 and S63
• Drive, motivation to meet targets, strong sales and negotiation skills
• Expansive knowledge of regional and local financial markets

Skills That Will Help You Excel

• Ability to interact effectively with clients and colleagues
• Exceptional written and verbal communication and platform presentation skills

Expectations

Employees hired into this role must work in the New York office in accordance with the Bank’s hybrid working model.

The salary range for this position in New York City is $220,000 to $415,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.

Benefits and Compensation

• Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family‑building benefits
• Hybrid working model with in‑office / work‑from‑home flexibility, generous vacation, personal and volunteer days
• Employee Resource Groups supporting inclusion and community engagement
• Educational resources, matching gift, and volunteer programs

Equal Opportunity

We welcome applications from all people and promote a positive, fair and inclusive work environment. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law.