Private Banking & Wealth Management, NY-New York: currently 134 jobs.The latest job was posted on 18 Jan 19.
Private Banking and Wealth Management roles in New York
Private Banking and Wealth Management is one of the most lucrative careers in financial services in New York, with experienced Private Bankers earning $120,000 per year on average, plus bonuses and often commissions on assets under management. However, there are roles at all levels available as wealth management companies and private banks also employ research analysts, technology staff and specialists in such areas as tax and estate planning.
Given the nature of the industry, employees in Private Banking and Wealth Management have to act with utmost discretion and show the ability to manage their clients’ financial needs with an appropriate degree of sensitivity. Employers also look for candidates who can demonstrate a high level of analytical skills along with a sales and service orientation. Private bankers and wealth managers are expected to generate their own sales leads and at the higher levels of the industry, to have a personal franchise that can be taken from one firm to another.
At present, language skills (particularly Mandarin and Russian) are in demand for Private Banking and Wealth Management, particularly in relationship management roles. There are also roles available for performance analysis specialists and in compliance and due diligence.
More about working in New York
New York is home to more wealth than any other metropolitan area in the world, and to some of the world’s most expensive real estate. The richest New Yorkers often spend summer outside the city to escape the heat and humidity, in the Long Island towns known as “The Hamptons”.