At a Glance
- Tasks: Develop and deliver bespoke banking services to Ultra High Net Worth clients.
- Company: Citi Private Bank serves the world's wealthiest individuals with tailored financial solutions.
- Benefits: Enjoy a dynamic work environment, competitive salary, and opportunities for professional growth.
- Why this job: Join a prestigious team and make a real impact in wealth management for influential clients.
- Qualifications: Experience in UHNW Private Banking and strong relationship-building skills are essential.
- Other info: This role is subject to FCA and PRA Certification Regime assessments.
The predicted salary is between 72000 - 108000 £ per year.
Citi Private Bank is a trusted advisor to the world’s wealthiest, most influential individuals and families. Among its select clients are a third of the world’s billionaires, many of whom are globally minded entrepreneurs with an expectation of an institutional level of service, who take advantage of Citi’s holistic approach to wealth management.
The Private Banker’s role is to develop and deliver private and investment banking services to Ultra High Net Worth (UHNW) clients within the African market. UHNW is defined as clients with USD 25+ million Net Worth or USD 10+ million AUM or USD 100,000+ Client Net Revenue.
Responsibilities:- Build Client Relationships - Demonstrates an in-depth understanding of clients’ businesses and sources of wealth generation as well as serve as a trusted advisor to the Private Banks clients.
- Develop Client Solutions - Develop tailored solutions that address clients’ unique investment, risk management, and financing/liquidity needs.
- Execute and Drive Results - Set challenging goals, regularly monitoring progress and making adjustments to achieve objectives.
- Teamwork - Help team members to acquire the experience necessary to establish credibility with clients and intermediaries.
- Build & Maintain Relationships with Business Partners, Colleagues and Staff - Develop strong relationships and partners with support functions across the Private Bank to maintain control, find solutions and resolve issues.
- Promote Integrity and Trust - Understand and communicate the risk involved with various investment strategies.
- Proven experience in UHNW Private Banking or the institutional/corporate banking market, specifically covering the African market.
- Demonstrated track record in relationship acquisition.
- Proven success in building a new business, prospecting for new clients and business, identifying new business opportunities and closing transactions.
- Extensive experience in selling new products, based on client needs.
- Experience in working on teams and influencing diverse resources and stakeholders.
- Fluent English
- Excellent relationship building skills
- Having a deep network in the African market
- Thrives in a business development environment
- Strong IT skills including Excel and Word
- Creative and innovative
- Able to multi-task and prioritise
- Strong awareness of risk and compliance
Candidates applying for this role must be aware that it is a Certified Role, subject to the FCA and PRA Certification Regime. The Certification Regime is one element of the Individual Accountability Regime which came into effect on 7 March 2016. Under the Certification Regime, Citi UK regulated entities (Citi entities) must ensure that employees working in certain roles categorised as specified significant harm functions (Certified Roles) are assessed as fit and proper to carry out their role.
Under the guidance provided by the FCA and PRA, firms should have regard to the following when assessing fitness and propriety: Honesty, integrity and reputation; Financial soundness; Competence and capability. In order to comply with the requirements of the Certification Regime, Citi entities must take reasonable care to ensure that an employee does not perform a Certified Role without first being certified as Fit and Proper. For this reason, you will be assessed for this role against the Fit and Proper requirements, as described above. This assessment will be carried out through extensive interviews, self-disclosures, permitted criminal record checks, regulated reference checks, credit checks and other background screening checks.
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
Private Banker - Director | London, UK employer: Citi
Contact Detail:
Citi Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Private Banker - Director | London, UK
✨Tip Number 1
Network extensively within the African market. Attend industry events, conferences, and seminars where UHNW individuals and families are likely to be present. Building relationships in this space can give you a significant edge.
✨Tip Number 2
Demonstrate your understanding of the unique needs of UHNW clients. Prepare to discuss tailored solutions that address investment, risk management, and liquidity needs during interviews, showcasing your expertise in these areas.
✨Tip Number 3
Familiarise yourself with Citi's approach to wealth management. Understanding their holistic service model will allow you to align your experience and ideas with their values, making you a more attractive candidate.
✨Tip Number 4
Prepare for extensive interviews by brushing up on compliance and regulatory knowledge relevant to the role. Being well-versed in the FCA and PRA Certification Regime will demonstrate your commitment to integrity and trust.
We think you need these skills to ace Private Banker - Director | London, UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in UHNW Private Banking, particularly within the African market. Emphasise your relationship acquisition skills and any relevant successes in building new business.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the specific needs of UHNW clients. Mention your deep network in the African market and how you can leverage it to benefit Citi's clients.
Highlight Relevant Skills: In your application, clearly outline your strong IT skills, particularly with Excel and Word, as well as your ability to multi-task and prioritise. These are crucial for success in this role.
Prepare for the Fit and Proper Assessment: Be ready to discuss your honesty, integrity, and reputation during the interview process. Familiarise yourself with the FCA and PRA Certification Regime requirements, as these will be part of the assessment.
How to prepare for a job interview at Citi
✨Understand the UHNW Clientele
Before your interview, make sure you have a solid understanding of Ultra High Net Worth clients and their unique needs. Research the African market specifically, as this role focuses on that demographic. Being able to discuss specific challenges and opportunities in this market will demonstrate your expertise.
✨Showcase Relationship Building Skills
Prepare examples from your past experiences where you've successfully built and maintained relationships with clients. Highlight how these relationships led to successful outcomes. This is crucial for a Private Banker role, so be ready to discuss your approach to client engagement.
✨Demonstrate Business Development Acumen
Be prepared to talk about your experience in acquiring new clients and developing tailored solutions. Share specific instances where you identified business opportunities and closed transactions. This will show your potential employer that you thrive in a business development environment.
✨Emphasise Integrity and Compliance Awareness
Given the regulatory nature of this role, it's important to convey your understanding of risk and compliance. Be ready to discuss how you ensure integrity in your work and how you communicate risks associated with investment strategies to clients.