Private Banker - IDB

For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we’ve enjoyed fundamentally comes down to our people. Here at IDB, you’ll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail. We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive.

Israel Discount Bank of New York, a mid-size financial institution is looking for Private Bankers with an established book of business to support the bank’s strategic growth in one of our primary regions.

We are hiring for NYC (Midtown Manhattan), CA (Beverly Hills), and FL (Aventura).

Leverage expertise in wealth management and financial advisory to cater to the client, their family and business. Manage overall client relationship profitability and portfolio risk, and assume responsibility for profitable growth of the portfolio. Private Bankers provide financial solutions by utilizing the capabilities within the bank as well as those of the outside providers.

Responsibilities

• Identifying potential new clients and working with them to build up a mutually beneficial and profitable relationship

• Acts as the principal business development officer including client acquisition, cross sales of deposits, loans and investment services

• Building the balance sheet and P & L of their team

• Proactively advise and consult with clients, explaining the types of financial services available, educating them about investment options and potential risks and recommending investments

• Monitor the performance of client accounts, to ensure the accounts are behaving positively and meeting clients' needs

• Be well informed of market conditions and doing research to determine good opportunities to meet Private Banking revenue goals

• Work closely with Private Banking Assistants to serve client accounts effectively and efficiently

• Adherence and compliance with all policies, procedures, regulations, audit standards, and risk guidelines.

• Bachelor's Degree in Business

• 8 + years’ experience of credit and lending experience for high net worth individuals in Private Banking and/or Wealth Management

• FINRA Series 7. 66/63 securities licenses are a plus but not required

• Proven experience with deposit gathering

• Understanding of underwriting for business loans and real estate loans

• Knowledge of Federal lending regulations

• Strong understanding of banking, brokerage and lending products

• Experience in understanding the financial needs of High Net Worth clients

• Excellent business development and marketing skills

• Ability to meet deadlines and manage expectations

• Excellent written and verbal communication skills

Compensation

The expected annual base salary for this position is between $150,000 - $250,000 at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individual’s skills, experience, and book of business. In addition to base salary, our total rewards package also includes eligibility for incentive compensation, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.

All your information will be kept confidential according to EEO guidelines.

IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.