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Personal Banker Job Description

Personal bankers have several responsibilities in the bank that should be fulfilled daily. If you possess good knowledge in various areas of the bank, then becoming a personal banker is something to consider. Below is the list of information about the job description of a personal banker.

What is a personal banker?

A personal banker is a professional who works together with high net worth clients. Personal bankers provide their clients a customized service in banking and are also act as financial advisers in order to help clients manage their money and wealth.

Duties of a personal banker

  • Personal bankers are responsible in opening their client’s accounts. For bankers who work in large corporations, they are mostly assigned with clients who wish to open a bank account. It is the job of personal bankers to speak with their client regarding the most crucial types of account for their clients.
  • If the banker is self-employed or works for themselves, they are generally responsible in looking for clients and opening the most beneficial bank accounts for them. It is the duty of personal bankers to adequately close down accounts and inform their clients about potential consequences that may take place.
  • It is the also their job to call their clients according to the client’s availability or schedule. During their discussion, personal banker should directly answer any relevant questions their client may ask regarding their account like interest, balance and any other important details of transactions that are recently carried out.

Condition of work

Most personal bankers work in large banking corporations. Some bankers are also self-employed. Personal bankers are required to maintain an open communication with their clients either in telephones or in emails. Additionally, personal bankers are also expected to travel onto their client’s home in order to discuss relevant matters personally.

Educational Requirements

In order to become a personal banker, candidates are required to obtain a bachelor’s degree in Finance as well as continuing education to accomplish a Master’s degree in Business Administration or MBA. Classes in finance degree will cover statistics, mathematics, macroeconomics, investment, financial planning, microeconomics n and intermediate accounting.

Occupation and Progress

Employment opportunities for personal bankers usually depend on educational background, years experience, rate of success and the size of the bank they are employed. According to United States Bureau of Labor and Statistics, personal bankers earn over $42,000 per annum with job prospects in financial sector expected to grow by 10% over the next decade.

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