Private Banker manages a private banking portfolio of individuals with high-net worth using banking strategies, solutions, and advice that are customized to the client's needs. Develops and maintains client relationships by engaging the resources of other parts of the organization to provide meaningful and personalized service. Being a Private Banker acts as an advisor, providing financial research and information. Achieves deposit and loan volume goals, approves loans, and sells additional fee-based services. Additionally, Private Banker typically requires a bachelor's degree. Typically reports to a manager. The Private Banker occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Private Banker typically requires 2 -4 years of related experience. (Copyright 2024 Salary.com)
The primary purpose of this position is to identify and develop relationships with high net-worth members, and then provide banking services with the goal of managing their wealth. This is accomplished by gathering and evaluating information about members’ financial circumstances, making recommendations to aid in meeting their financial goals and needs; and executing solutions and service to the member with a focus on maintaining a strong relationship between the member and the credit union.
Responsibilities Include:
Qualifications:
Required Knowledge: Thorough understanding of financial institutions, credit union practices, policies, procedures, and regulations. Understanding of service culture with proven relationship building success. Thorough knowledge of the Company’s products, history, and organizational objectives.
Required Education:
Required Experience:
Skills/Abilities:
Other Requirements:
This job description is not an all-inclusive list of the responsibilities, skills, working conditions or essential functions of this job. Management reserves the right to modify, add or remove essential functions as business needs warrant.
We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and reserve the right to perform pre-employment substance abuse testing.