Private Banking Team Assistant - 2024 Summer Internship London, England
Job description
Arbuthnot Latham has been associated with banking since 1833. We combine private and commercial banking, wealth planning and investment management. We believe in traditional relationship and service-led banking powered by modern technology.
Diverse and talented, with exceptionally high professional standards and a passion to deliver the very best for our clients, our people are our most vital asset. Rewarding and challenging, Arbuthnot Latham prides itself on encouraging colleagues to reach their full potential within a supportive and progressive environment. Our value-led culture underpins everything we do and we believe that every colleague contributes to the growth and success of the business.
The Internship programme is 8 weeks long and starts on 24th June 2024. It is designed for students currently studying and undertaking a relevant University degree, returning to university in September 2024. Candidates must be available for the duration of the 8 week programme.
We are advertising a number of internships across different departments. Please apply to the one or two vacancies which best align with your academics and career aspirations. This vacancy will remain open until we have received enough applications. Therefore please apply promptly if you are interested.
The Private Banking Team Assistant will primarily focus on providing day-to-day administration and support to a team of Private Banking Executives (PBE), Private Bankers (PB) and their portfolio of clients. They will support Private Bankers with client acquisition and retention via client contact, but will primarily provide support in the preparation/submission of credit reviews, Know Your Client reviews, account opening and daily transaction reports.
Key responsibilities
Client service and Sales support
- Manage account maintenance procedures – including account opening and account closing
- Collation and submission of Credit Applications on behalf of PBE’s and PB’s
- Monitor the return of Facility letters, and completion of LMF/interest rate/fee forms
- Monitor, prepare and/or carry out annual credit reviews
- Complete shadow postings daily
- Monitor, prepare and/or complete annual client reviews – maintaining client files in the process
General Administration
- Preparing client communications
- Preparing account opening forms
- Responsible for keeping client records updated
- Instigating and maintaining client files
Private Banker’s organization
- Organising, maintaining and coordinating diaries for the PB’s (including future planning of meetings, meeting preparation, planning for issues)
- Organize travel schedules
- Assist Bankers in the completion of money laundering / Know Your Customer (KYC) reviews and submission to compliance
Key Interfaces
- Working within the team
- PBE’s
- Maintain excellent relationships with Operations, Treasury and Compliance
Knowledge / Experience
- Customer service experience preferred but not essential
- Strong interest in financial markets and HNW segment and market
- A curiosity to understand wealth management and banking products
- Multi-tasking capability
- Ability to work under pressure
Qualifications / Skills
- Proficient use of Microsoft Office applications
- Strong written and verbal communications skills are essential for this role
- Excellent time management and organizational skills
Competencies
- Performance Focus
- Customer Focus
- Communication & Confidence
- Working Proactively
