Private Banker

Job Overview: Private Banker

The Banker SAFE Act is a strategic professional who stays up to date with trends in the field and applies them to their job and business. As a recognized subject matter expert within their area, this role requires strong commercial awareness and authority both internally and externally. It typically involves a small group of people within the business who offer this level of expertise. Strong communication skills are essential for negotiating at senior levels and engaging in some external communication. This role requires advanced judgment and the ability to conduct in-depth quantitative and qualitative analysis to create innovative solutions. The individual must think beyond existing solutions, assumptions, or current knowledge to address sophisticated challenges, significantly impacting business strategies and technical approaches.

Responsibilities of Private Banker:

• Client Acquisition & Conversion: Actively identify prospects, establish contact, and convert prospects into clients.
• Client Insight: Develop a deep understanding of clients’ businesses, wealth generation, and anticipate events with significant financial implications.
• Trusted Advisor: Serve as a trusted advisor, providing strategic advice on financial matters.
• Long-Term Relationships: Build relationships with client families across generations to establish long-term connections to Citi Private Bank.
• Manage Expectations: Effectively manage client expectations regarding feasible actions.
• Client Goals Alignment: Maintain a thorough understanding of client goals and risk tolerance to ensure appropriate financial strategies.
• Uncover Client Needs: Uncover needs not explicitly articulated by clients.
• Team Collaboration: Collaborate with product experts to develop comprehensive, long-term solutions.
• Financial/Investment Goals: Help clients achieve their financial and investment goals related to wealth creation and management.
• Goal Setting: Set challenging goals, regularly monitor progress, and adjust plans to meet objectives.
• Sales & Referrals: Build a referral network and generate new sales from potential clients.
• Deal Closing: Close deals by making appropriate concessions in alignment with Citi Private Bank’s interests.
• Team Development: Mentor team members, helping them build credibility with clients and intermediaries.
• Encourage Teamwork: Foster team success and prioritize team goals over personal achievements.
• Cross-Team Collaboration: Partner with support groups within Citi Private Bank to find solutions and resolve issues.
• Compliance & Standards: Ensure compliance with regulatory requirements and minimize potential liabilities for Citi.
• Risk Awareness: Understand and communicate the risks associated with various investment strategies.
• Operational Excellence: Ensure effective operational services and maintain strong internal controls.
• Client Advocacy: Advocate for clients, ensuring seamless execution of Citi’s internal processes and services.
• Escalation Management: Identify critical issues and escalate them appropriately to expedite resolution.
• Ethical Standards: Apply sound ethical judgment in all business decisions, ensuring compliance with laws and policies, and managing control issues with transparency.
• Continuous Learning: Stay updated on financial industry trends, market conditions, and new products.

Qualifications for Private Banker:

• Experience: 15+ years of experience in Private Banking, specifically covering the UHNW (Ultra High Net Worth) market. Proven track record in relationship selling and leading client teams.
• Knowledge: Extensive knowledge of Citi Private Bank’s banking products, systems, platforms, and tools.
• Leadership: Demonstrated ability to lead client teams and manage transactions effectively.

Equal Opportunity Employer

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.

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