At a Glance
- Tasks: Build relationships and develop tailored banking solutions for ultra-high-net-worth clients.
- Company: Citi Private Bank serves the world's wealthiest individuals with bespoke financial services.
- Benefits: Enjoy a dynamic work environment, professional growth opportunities, and a chance to make an impact.
- Why this job: Join a prestigious team and work with influential clients while developing your skills in finance.
- Qualifications: Experience in private banking or corporate banking, with strong relationship-building skills required.
- Other info: This role is subject to FCA and PRA Certification Regime; candidates must meet fitness requirements.
The predicted salary is between 43200 - 72000 £ 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 Levant 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 & Acquire 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.
Knowledge/Experience:
- Proven experience in UHNW Private Banking or the institutional/corporate banking market, specifically covering the Levant 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.
Skills:
- Fluent English (written and spoken), Arabic and/or French language skills also be advantageous.
- Excellent relationship building skills.
- 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. 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. 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 Banking Specialist - Citi employer: Citi
Contact Detail:
Citi Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Private Banking Specialist - Citi
✨Tip Number 1
Network with professionals in the private banking sector, especially those who have experience with UHNW clients. Attend industry events or webinars to connect with potential colleagues and mentors who can provide insights into the role and the market.
✨Tip Number 2
Familiarise yourself with the Levant market and its unique characteristics. Understanding the local economic landscape and cultural nuances will help you demonstrate your expertise and build rapport with potential clients during interviews.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully built client relationships and closed transactions in the past. Highlighting your achievements in business development will showcase your capability to thrive in a competitive environment.
✨Tip Number 4
Stay updated on current trends in wealth management and investment strategies. Being knowledgeable about the latest developments will not only impress interviewers but also position you as a trusted advisor for UHNW clients.
We think you need these skills to ace Private Banking Specialist - Citi
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Private Banking Specialist position. Tailor your application to highlight your relevant experience in UHNW Private Banking and your ability to build client relationships.
Highlight Relevant Experience: In your CV and cover letter, emphasise your proven track record in relationship acquisition and business development within the Levant market. Use specific examples to demonstrate how you've successfully built new business and closed transactions.
Showcase Your Skills: Make sure to showcase your excellent relationship-building skills and your ability to thrive in a business development environment. Mention your IT skills, particularly in Excel and Word, as well as any language proficiencies that could be advantageous for the role.
Prepare for Compliance: Be aware that this role is subject to the FCA and PRA Certification Regime. In your application, express your understanding of the importance of integrity, honesty, and compliance in the financial sector, and be prepared to discuss this in interviews.
How to prepare for a job interview at Citi
✨Understand the UHNW Clientele
Familiarise yourself with the unique needs and expectations of Ultra High Net Worth clients. Be prepared to discuss how you can tailor solutions to their specific investment and risk management requirements.
✨Demonstrate Relationship Building Skills
Showcase your ability to build and maintain strong relationships. Prepare examples from your past experiences where you've successfully acquired new clients or strengthened existing partnerships.
✨Highlight Your Business Development Experience
Be ready to discuss your track record in business development, particularly in the Levant market. Share specific instances where you've identified opportunities and closed transactions.
✨Emphasise Integrity and Compliance Awareness
Since this role is subject to the FCA and PRA Certification Regime, demonstrate your understanding of the importance of integrity and compliance in banking. Be prepared to discuss how you ensure adherence to these standards in your work.