Banking Specialist

Wesbank; Cape Town; On-site; ZAR 600 000 - 900 000; Full time

Job summary

A leading financial institution is looking for a Banking Specialist in Private Banking, responsible for providing customized financial solutions to ultra- and high-net-worth clients. This role requires extensive experience in financial services and a proven ability to build long-term relationships. The ideal candidate should have a recognized degree, a strong understanding of banking products, and at least 10 years of industry experience. Applications close on 25/11/25.

Qualifications

• 10 years overall experience in the Financial Services Industry.
• 5 years of experience as a Private Banker or Private Advisor.

Responsibilities

• Engage with ultra- and high-net-worth clients to meet financial goals.
• Develop and implement customized banking solutions.
• Manage complex banking processes and build long-term client relationships.

Skills

Financial analysis

Credit structuring

Client relationship management

Problem-solving

Networking

Education

FSCA recognized Degree - NQF Level 7

RE5 certification

Job description

Overview

The Banking Specialist in Private Banking is a dedicated expert in financial products and services, focused on delivering customized solutions to ultra- and high-net-worth clients. The role involves direct client engagement to understand and meet their unique financial goals. Success depends on managing multiple complex processes and building trusted, long-term relationships through meaningful client connections.

Specialized Expertise

• Providing in-depth knowledge in specific banking products (lending, deposits, cash management)
• Developing customized banking solutions for complex and simple client needs
• Staying current on regulatory changes affecting banking, lending, insurance and investment products
• Ensuring a deep and thorough understanding of the FirstRand Group overall capability to ensure clients are optimally serviced, solutions and introduced across the various FNB Business, RMB, Ashburton franchises
• Serving as the technical expert for sophisticated banking arrangements

Banking Products and Services

• Structuring sophisticated credit facilities (unsecured loans, lines of credit)
• Arranging specialized mortgages for luxury properties or complex ownership structures
• Creating custom deposit solutions with preferential rates
• Implementing cash management strategies for non-trading entities
• Facilitating foreign currency transactions and international banking needs
• Short Term Insurance relating to Gap, Education, Home, Contents, Cars is applicable.

Client Support

• Working alongside other specialists during client meetings
• Explaining technical aspects of banking solutions to clients
• Helping resolve complex banking issues or service concerns
• Providing quick response to time-sensitive client banking requests

Qualification & Experience

• FSCA recognized Degree - NQF Level 7
• RE5
• 10 Years overall experience in the Financial Services Industry, of which 5 years of experience as a Private Banker or Private Advisor dealing with Wealthy HNW clients

Technical Knowledge

• Deep understanding of banking products, services, and regulations
• Knowledge of credit analysis and underwriting standards
• Familiarity with cash flow optimization strategies
• Understanding of international banking considerations
• Understanding SDA, FDA, FIA and Specialist application to SARB / SARS for clearance applications
• Understanding the Wealth Management philosophy
• Understanding the Banks Insurance capability across Short and Long Term products

Analytical Skills

• Ability to analyze complex financial situations
• Skill in structuring creative banking solutions
• Understanding risk management principles
• Critical thinking to solve unusual client challenges

Collaborative Abilities

• Working seamlessly with relationship team
• Coordinating with operations teams for execution
• Communicating effectively with compliance departments
• Building rapport quickly with sophisticated clients
• Ability to network with external collaboration partners, clients to grow the Bank client base

Additional Requirements

• In accordance with National Credit Act (NCA) candidates applying for this role will require a credit record check.

Job Details & Application

• Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.
• 25 / 11 / 25

All appointments will be made in line with FirstRand Group's Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.