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 23rd June 2025. It is designed for students currently studying and undertaking a relevant University degree who will be returning to university after the internship. 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.
Job Purpose
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 (KYC) reviews, account opening and daily transaction reports.
To place the interests of customers at the centre of all activities, act in a way that is consistent with achieving good outcomes for consumers and to comply with the FCA and PRA's Conduct Rules.
Key Responsibilities (varies depending on team and current projects)
Client service and Sales support
- Manage account maintenance procedures – including account opening and account closing
- Collation and submission of Credit Applications on behalf of Private Bankers (PB) and Private Banking Executives (PBE)
- Monitor the return of Facility letters, and completion of LMF/interest rate/fee forms
- Monitor, prepare and/or support annual credit reviews
- Complete shadow postings on a daily basis
- Monitor, prepare and/or complete annual client reviews – maintaining client files in the process
General Day-to-Day Administration
- Preparing client communications
- Preparing account opening forms
- Responsible for keeping client records updated
- Instigating and maintaining client files
- Maintaining accurate client information in banking systems and CRM Salesforce
- Diary management for Private Bankers (including future planning of meetings, meeting preparation, planning for issues)
Compliance
- Complete compliance regulatory online training (as required), adhering to both legal and regulatory requirements
- Assist Bankers in the completion of money laundering / KYC reviews and submission to compliance
- As they are regulatory records, accurate completion and attention to detail are essential
Risk:
- Responsible for managing risks inherent to the role by diligently observing internal policies and procedures
Other:
Involvement in projects and other initiatives from time to time as required by the business
Key Interfaces
- Working within the team
- Supporting Private Bankers and Private Banking Executives
- Liaise with other areas of the Bank including Operations, Treasury, Credit and Compliance