Job Description

The Banking Specialist in Private Banking is a dedicated expert in financial products and services, focused on delivering customized solutions to ultra- and high-net-worth clients. The role involves direct client engagement to understand and meet their unique financial goals. Success depends on managing multiple complex processes and building trusted, long-term relationships through meaningful client connections.

Specialized Expertise

Providing in-depth knowledge in specific banking products (lending, deposits, cash management)
Developing customized banking solutions for complex and simple client needs
Staying current on regulatory changes affecting banking, lending, insurance and investment products
Staying current on product, process, benefits relating to banking, Iending, insurance, investment products
Ensuring a deep and thorough understanding of the FirstRand Group overall capability to ensure clients are optimally serviced, solutions and introduces across the various FNB Business, RMB, Ashburton franchises
Serving as the technical expert for sophisticated banking arrangements

Banking Products and Services

Structuring sophisticated credit facilities (unsecured loans, lines of credit)
Arranging specialized mortgages for luxury properties or complex ownership structures
Creating custom deposit solutions with preferential rates
Implementing cash management strategies for non-trading entities
Facilitating foreign currency transactions and international banking needs
Short Term Insurance relating to Gap, Education, Home, Contents, Cars is applicable.

Client Support

Working alongside other specialists during client meetings
Explaining technical aspects of banking solutions to clients
Helping resolve complex banking issues or service concerns
Providing quick response to time-sensitive client banking requests

You will be an ideal candidate if you:

FSCA recognized Degree - NQF Level 7
RE5
10 Years overall experience in the Financial Services Industry, of which 5 years of experience as a Private Banker or Private Advisor dealing with Wealthy HNW clients

Technical Knowledge

Deep understanding of banking products, services, and regulations
Knowledge of credit analysis and underwriting standards
Familiarity with cash flow optimization strategies
Understanding of international banking considerations
Understanding SDA, FDA, FIA and Specialist application to SARB/SARS for clearance applications
Understanding the Wealth Management philosophy
Understanding the Banks Insurance capability across Short and Long Term products

Analytical Skills

Ability to analyze complex financial situations
Skill in structuring creative banking solutions
Understanding risk management principles
Critical thinking to solve unusual client challenges

Collaborative Abilities

Working seamlessly with relationship team
Coordinating with operations teams for execution
Communicating effectively with compliance departments
Building rapport quickly with sophisticated clients
Ability to network with external collaboration partners, clients to grow the Bank client base

Additional Requirements

In accordance with National Credit Act (NCA) candidates applying for this role will require a credit record check.

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Important Closing Date Note

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

15/06/26

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.

About FirstRand Corporate Centre

The FirstRand Corporate Centre houses many of the critical functions required by a large and complex financial services group. The Corporate Centre’s stakeholders are external, such as regulators, shareholders, global developmental institutions and government; and also internal, mainly the market-leading businesses that service the group’s customers. These critical functions cover risk, compliance, governance, internal audit, treasury, finance and tax amongst many others. They require deep specialist and technical skills and ultimately represent the custodianship of the FirstRand group’s licence to operate.

Employees of the Corporate Centre develop a very unique perspective of the group because nowhere else can you own or be part of a mandate that operates across the portfolio. This allows for both big picture thinking and operational learning. It is also a great place to drive collaboration and a place to have a significant impact.

The Corporate Centre has adopted a blended approach to working, with a focus on balancing remote working and connections with colleagues in the workplace. Face-to-face interactions remain important to its way of working as these connections protect the business’s social capital, which is key to ensuring that FirstRand’s unique culture stays alive and continues to thrive.

Industry

Finance & Insurance

Company Size

1,001-5,000 employees

Headquarters

Sandton, ZA

Year Founded

Unknown

Website

firstrand.co.za

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