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Assistant Relationship Manager Private Banking 100% / located in Milano (m/f/d)

  • Job
    Full-time
    Junior & Mid Level
  • Customer Relations
    Banking & Finance
  • Milan
  • Quick Apply

AI generated summary

  • You must have a relevant degree or banking apprenticeship, regulatory training, experience supporting relationship managers, and strong skills in financial markets, investment products, and client service.
  • You will assist RMs in client servicing, handle account openings and maintenance, manage transactions, monitor deposits and loans, update client records, and ensure compliance with regulations.

Requirements

  • Relevant higher educational and professional background e.g. Bachelor’s Degree or banking apprenticeship combined first work experience and or relevant internal training
  • Successfully passed the relevant regulatory online training for RMA information givers
  • Some experience as a self-motivated Assistant to a Relationship Manager or in the area of portfolio management / investment advisory
  • Understand the key characteristics, risk and features of those investment products available
  • Understand the characteristics, scope and total amount of costs and charges to be incurred by the client in the context of transactions in an investment product, investment services or ancillary services
  • Understand how financial markets function, the structure and how they affect the value and pricing of investment products which information will provided to the client
  • Understand the impact of economic figures, national/regional/global events on markets and on the value of investment products which information will be provided to the client
  • Understand the difference between past performance and future performance scenarios as well as the limits of predictive forecasting
  • Understand issues relating to market abuse and anti-money laundering
  • Assess data relevant to the investment products on which will be provided to the client, such as Key Investor Information, Documents, prospectuses, financial statements or financial data
  • Basic knowledge of valuation principles for the type of investment products in relations to the information which will be provided to the client
  • Able to work independently, well organized, swift and accurate even when under pressure
  • Service oriented, discreet and responsible
  • Friendly, open personality, well-presented and professional appearance
  • Very good oral and written language skills in Italian and English and relevant market related language skills

Responsibilities

  • Assist Relationship Managers (RM) in the day-to-day work servicing clients and handling administrative issues
  • Attend incoming calls and ensure that always a prompt service provided
  • Handle the account openings for new clients as well as account maintenance to existing clients including implementation of agreed fees and monitoring of applied fees
  • Ensure efficient and prompt handling of orders, trades, transactions, payments etc. received from the client directly
  • Monitor the maturity list for deposits, loans, trades; take action where instruction is standard, seek instructions (from RM or client) if necessary and required
  • Maintain and update records of client instructions, client details and preferences
  • Provide clients with information and data in verbal and/or written form, without giving advice or statement of opinion/no judge value
  • Liaise with other RM-Teams, Operations & IT
  • Ensure always adherence to compliance, legal guidelines, internal rules, regulations & policies etc.

FAQs

What is the primary responsibility of the Assistant Relationship Manager in Private Banking?

The primary responsibility is to support the Relationship Manager and Team Head in delivering excellent service to clients, handling administrative tasks, and servicing client needs.

What qualifications are needed for this position?

A relevant higher educational background such as a Bachelor's Degree or banking apprenticeship is required, along with some work experience as an assistant to a Relationship Manager or in portfolio management/investment advisory.

Is prior experience in banking necessary for this role?

Yes, previous experience as a self-motivated Assistant to a Relationship Manager or in portfolio management/investment advisory is preferred.

Are language skills important for this position?

Yes, very good oral and written language skills in Italian and English are essential, along with any relevant market-related language skills.

Does this job require knowledge of investment products?

Yes, understanding the key characteristics, risks, and features of investment products is important for this role.

Will I be handling client communications?

Yes, you will provide clients with information in verbal and/or written form without giving advice or personal opinions.

Is compliance a focus in this role?

Yes, adherence to compliance, legal guidelines, internal rules, regulations, and policies is essential in this position.

What kind of work environment can I expect?

You can expect a professional work environment where you will need to work independently, be well-organized, and maintain a service-oriented attitude.

Will there be opportunities for internal training?

Yes, relevant internal training is part of the position to ensure you gain the necessary knowledge and skills.

How should I apply for this position?

You can apply for the position by submitting your full job application through our online application tool.

Julius Baer is the international reference in wealth management, based on a solid Swiss heritage.

Finance
Industry
5001-10,000
Employees
1890
Founded Year

Mission & Purpose

Julius Baer is a financial institution that specialises in private banking and wealth management services, catering to high-net-worth individuals and businesses. The company's core focus is on providing personalised financial advice, investment solutions, and asset management services to help clients grow and preserve their wealth. Julius Baer's ultimate goal is to be a trusted partner in helping clients secure their financial futures and achieve their financial aspirations. Their purpose revolves around offering expert guidance and tailored financial strategies that enable clients to manage and grow their assets effectively, ensuring financial security and prosperity. Through their services, Julius Baer aims to empower their clients to make informed financial decisions and optimise their wealth management.

Benefits

  • Flexible Work

  • Financial Benefits

  • Family Programmes

  • Network & Communities

  • Sports, Leisure and Well-being