Private Banker - NYC (Fulltime, Hybrid)

Job Description Leverage expertise in wealth management and financial advisory to cater to the client, their family and business. Manage overall client relationship profitability and portfolio risk, and assume responsibility for profitable growth of the portfolio. Private Bankers provide financial solutions by utilizing the capabilities within the bank as well as those of the outside providers. Responsibilities • Identifying potential new clients and working with them to build up a mutually beneficial and profitable relationship • Acts as the principal business development officer including client acquisition, cross sales of deposits, loans and investment services • Building the balance sheet and P & L of their team • Proactively advise and consult with clients, explaining the types of financial services available, educating them about investment options and potential risks and recommending investments • Monitor the performance of client accounts, to ensure the accounts are behaving positively and meeting clients' needs • Be well informed of market conditions and doing research to determine good opportunities to meet Private Banking revenue goals • Work closely with Private Banking Assistants to serve client accounts effectively and efficiently • Adherence and compliance with all policies, procedures, regulations, audit standards, and risk guidelines. Qualifications • Bachelor's Degree in Business • 8 + years' experience of credit and lending experience for high net worth individuals in Private Banking and/or Wealth Management • FINRA Series 7. 66/63 securities licenses are a plus but not required • Proven experience with deposit gathering • Understanding of underwriting for business loans and real estate loans • Knowledge of Federal lending regulations • Strong understanding of banking, brokerage and lending products • Experience in understanding the financial needs of High Net Worth clients • Excellent business development and marketing skills • Ability to meet deadlines and manage expectations • Excellent written and verbal communication skills

Created: 2024-11-05