Chief Private Banking Officer

Chief Private Banking Officer

Bridgetown, Saint Michael, Barbados

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Job Openings Chief Private Banking Officer

About the job Chief Private Banking Officer

Job Description: Chief Private Banking Officer (CPBO)

Industry: Banking, Financial Services, Wealth Management, Investment

Job Type: Full-Time

Reporting To: Chief Executive Officer (CEO) / Chief Banking Officer (CBO) / Head of Wealth Management

Job Summary

The Chief Private Banking Officer (CPBO) is responsible for leading the bank's private banking and wealth management business, focusing on high-net-worth (HNW) and ultra-high-net-worth (UHNW) clients.

This role drives growth in assets under management (AUM), client acquisition, and revenue through tailored wealth solutions, investment advisory, and superior client service, while ensuring strong regulatory compliance and risk management.

Key Responsibilities

1. Private Banking Strategy & Growth

• Develop and execute private banking and wealth management strategy
• Drive growth in AUM, revenue, and client base (HNW/UHNW segments)
• Identify new market opportunities and client segments
• Position the bank as a trusted wealth advisor

1. Client Relationship Management

• Build and maintain relationships with HNW and UHNW clients
• Lead relationship managers and private bankers
• Deliver personalized wealth solutions based on client needs
• Ensure high levels of client satisfaction and retention

1. Investment Advisory & Wealth Solutions

• Oversee investment advisory services and portfolio management
• Provide guidance on asset allocation, portfolio diversification, and risk management
• Offer products including equities, fixed income, mutual funds, structured products, and alternative investments
• Ensure suitability and alignment with client risk profiles

1. Product & Platform Development

• Develop and enhance private banking products and services
• Expand investment platforms and advisory capabilities
• Collaborate with asset management, treasury, and investment teams
• Introduce innovative wealth solutions

1. Revenue & Business Performance

• Drive revenue through advisory fees, investment products, and lending solutions
• Monitor profitability and cost efficiency
• Achieve sales and performance targets
• Enhance cross-selling and product penetration

1. Risk Management & Compliance

• Ensure compliance with regulatory requirements and wealth management standards
• Manage client suitability, KYC/AML requirements
• Oversee investment risks and fiduciary responsibilities
• Maintain strong governance and ethical practices

1. Digital Wealth & Innovation

• Lead digital transformation in private banking services
• Promote digital wealth platforms and tools
• Enhance client experience through technology
• Leverage data analytics for personalized offerings

1. Stakeholder & Market Engagement

• Represent the bank in high-profile client and industry engagements
• Build networks with key clients, family offices, and intermediaries
• Provide market insights and investment perspectives to leadership
• Strengthen brand positioning in private banking

1. Leadership & Talent Management

• Lead and develop private banking and wealth management teams
• Build high-performance culture
• Attract and retain top relationship managers and advisors
• Provide coaching and succession planning

Key Requirements

Education

• Bachelor's or Master's degree in Finance, Economics, Business Administration, or related field
• MBA, CFA, or equivalent professional qualifications highly preferred

Experience

• 15+ years of experience in private banking, wealth management, or investment advisory
• Proven leadership in senior roles (e.g., Head of Private Banking, Wealth Management Head)
• Strong track record in managing HNW/UHNW client portfolios

Skills & Competencies

• Deep knowledge of wealth management and investment products
• Strong client relationship and advisory skills
• Expertise in portfolio management and asset allocation
• Strategic leadership and business development capability
• Strong regulatory and compliance awareness
• Digital wealth and innovation mindset
• Excellent communication and interpersonal skills

Key Performance Indicators (KPIs)

• Growth in assets under management (AUM)
• Client acquisition and retention (HNW/UHNW)
• Revenue and profitability from private banking
• Portfolio performance and client satisfaction
• Cross-selling and product penetration
• Compliance and audit outcomes

Preferred Attributes

• Experience in multinational or leading private banks
• Strong network of HNW/UHNW clients
• Exposure to global investment markets
• Ability to manage complex client portfolios

Compensation & Benefits

• Competitive executive salary
• Performance-based incentives (linked to AUM and revenue growth)
• Executive benefits and allowances

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