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Key Private Bank Interview
Questions

30 Questions and Answers by
Rachelle is a job search expert, career coach, and headhunter
who helps everyone from students to fortune executives find success in their career.

Question 1 of 30

How does Key Private Bank keep its clients informed on critical finance-related topics?

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Key Private Bank Interview Questions

  1. 1.

    How does Key Private Bank keep its clients informed on critical finance-related topics?

      It is critical to Key Private Bank that they continually meet the unique needs of their diverse client base. The interviewer wants to see that you have researched the efforts they go to, ensuring that their clients feel informed on important finance-related topics. Be prepared to discuss some of the ways that Key Private Bank serves their clients.

      Rachelle's Answer #1

      "Your company is well-researched on hot topics in global finance news, ensuring that you remain focused on the short and long term needs of your clients. You remain closely aligned with your clients and shareholders through regular polls, e-newsletters, and market reports. Efforts to reinforce your firms' culture ensure that your clients are always receiving the latest information. I believe that Key Private Bank starts by investing in employee knowledge so that your team members are more likely to offer a broader depth of knowledge to each client."

      Rachelle's Answer #2

      "Hiring people who are interested in solving complex problems is a great start, and one of the ways that Key Private Bank ensures its clients are always well informed. I understand that you publish many important market reports, lead critical research on global finance topics, and are continually in contact with your clients offering value-adds such as whitepapers, ebooks, newsletter updates, and more."

  2. 2.

    What differentiates Key Private Bank from other high-end wealth management firms?

      There are many significant high-end wealth management firms out there, but Key Private Bank wants to know why they are the stand-out firm for you. Why do you want to work for them versus their competitors?

      Take the time to carve out a unique answer that goes far beyond the surface. A surface answer would be because you know someone who works there, for instance. A great response would be dropping a specific reason as to why the company is unique.

      Rachelle's Answer #1

      "In addition to your sparkling reputation in this industry, I appreciate the immense efforts Key Private Bank is taking to close the gender gap in the finance industry. Your programs have trained thousands of women entrepreneurs in developing economies around the world. Key Private Bank knows that empowering women makes sound economic sense. This awareness is one reason why I want to work for you and just one way that you stand far above your competitors."

      Rachelle's Answer #2

      "Key Private Bank is huge on philanthropy, and giving is a significant part of my moral makeup. I understand that your firm has donated nearly $1B in the last 20 years to charitable efforts, and in the form of student grants. Your efforts to help underserved children, as well as refugee initiatives, are remarkable and stand out from the rest."

  3. 3.

    At Key Private Bank you will be presented with new information every day. Talk to me about your preferred learning style.

      The interviewer would like to know how you best learn, as far as your studying and work styles, how you absorb new information, and how you remain disciplined. Think about your post-secondary education and how you organized, managed and arranged your work. How you answer this question can determine if your learning style will be a match for the training style of Key Private Bank or even the mentorship style of the person to whom you would be reporting.

      Rachelle's Answer #1

      "I am a visual learner, and I use images to recall information. This learning preference is why Venn diagrams and graphs are so helpful to me when I am taking in data, and new concepts. I like to dive in and become involved in the materials right from the start; which allows me to absorb information much more quickly. While completing my initial CFP designation, I watched a lot of video tutorials online, for instance. This method helped me to commit particular concepts and methods to memory."

      Rachelle's Answer #2

      "As a university student, and now as I grow my career, I find that I learn best when I am on the move. I am a high-energy person, so if I can listen to an audiobook while running on the treadmill before work, I can nail a presentation on that book quickly after. I also learn kinetically; for instance, when I was memorizing finance terms in university, I created flashcards for myself. This approach was also very effective."

  4. 4.

    Please define CAPM for me.

      CAPM (Capital Asset Pricing Model) is a widely used term in finance that describes the relationship between systematic risk and expected return. We can utilize CAPM when pricing risky securities and calculating expected yields. Although CAPM is a widely accepted model, there are some imperfections; however, it's still used a great deal in the finance industry. Briefly show the interviewer that you are familiar with CAPM.

      Rachelle's Answer #1

      "CAPM stands for Capital Asset Pricing Model. CAPM has been helpful for me in the past when it comes time to determine if a security is fairly valued. Although there can be issues with CAPM, the method can help investors understand the relationship between expected risk and reward. This understanding can, in turn, help investors to make better decisions when it comes to adding securities to their portfolio."

      Rachelle's Answer #2

      "I understand CAPM to be short for Capital Asset Pricing Model. Although I have not gained a lot of exposure to the model, I do understand that the formula is ERi = Rf + ?i (ERm - Rf). I learned a bit about this and believe it has to do with the expected return of investment, risk-free rate, beta of the investment, expected return of market, and market risk premium."

  5. 5.

    Give me an example of someone in the finance industry with a lot of integrity.

      The news often delivers stories and examples of finance professionals who are not doing the right thing by their clients. The interviewer at Key Private Bank wants to talk about the opposite! Finance professionals who have helped to shape your career positively. Think about an influencer or thought leader in the industry who you admire. Be prepared to discuss what you admire most about their approach, and why.

      Rachelle's Answer #1

      "I most admire (person's name). They are one of the most trusted sources I can find when it comes to financial and market data. They have been a go-to name and source as a finance industry analyst for enterprises and independent wealth managers, alike. His weekly e-newsletter is a treasure trove of industry analysis and statistics, which I follow religiously."

      Rachelle's Answer #2

      "Hands down, the finance professional I trust and learn from the most is (person's name). She has a multi-national track record of success in the business world. She has started companies in four countries and helped manage businesses in over ten countries. Her career describes the type of finance career I strive to have one day."

  6. 6.

    Think about a demanding boss, client, or co-worker. How did you learn to interact with this individual?

      The wealth management industry is high-stakes and requires a great deal of thick skin at times. The interviewer wants to know how you interact with those who have challenging personalities.

      Think about an individual in the workplace who you found difficult to please, and how you ended up interacting with them successfully. Show the interviewer that you can adapt to a variety of personalities while remaining professional. Avoid speaking poorly of anyone and be sure to end your response on a positive note.

      Rachelle's Answer #1

      "I struggled most with an executive at my previous company. She was brought on with minimal experience in the finance industry but was known to be a 'turn-around artist' across multiple industries. She came out of the gates hard and lacked some professional couth. To win her over; I invited her to lunch with one of my biggest clients. I wanted her to see my work first-hand while also spending one-on-one time together. During that lunch, we bonded as humans, mothers, and professionals who had common goals. She learned a lot about the company and industry, and I learned a lot about the skills she brought from her previous roles."

      Rachelle's Answer #2

      "I have worked most of my career in the finance and banking industry, which attracts a large variety of personalities. I am a warm person by nature and have found it challenging to connect with those who are mostly analytical. My former boss was this way, so I adapted by sticking solely to the facts when in meetings; presenting data and minimal opinion. It wasn't the deepest relationship that I've had in my career, but I made it work."

  7. 7.

    If hired at Key Private Bank how will you show our clients that you are a trusted resource?

      Clients trust Key Private Bank with billions upon billions of dollars, so they need to know that you are a good fit for their team; carrying the torch of trust!

      As a professional in the wealth management industry, you must be capable of quickly instilling a feeling of confidence in your clients. This trust includes knowing that you are armed with the most up-to-date information, protecting their money and helping them to grow their financial situation. Discuss what you do to show potential clients that you should be their go-to source when it comes to their financial future.

      Rachelle's Answer #1

      "Building client trust begins long before the client officially hires me. Every month I provide my prospects and clients with a free, in-depth market report. I research and write the report myself, ensuring that I am a thought leader and someone they can trust. If big news comes out, I aim to be the first person in their inbox, offering them tips on how to max out their investments. If hired by Key Private Bank, I will provide immense value to everyone you serve."

      Rachelle's Answer #2

      "The fastest way for me to show Key Private Bank clients that I am a trusted resource is to listen to them. Once I come from a place of complete understanding, knowing exactly their situation, only then will I begin to make recommendations. Then, it's imperative that I make recommendations that empower them to make wise decisions."

  8. 8.

    What is your professional mission statement?

      Key Private Bank is a highly esteemed wealth management resource, who has to be sure that every professional they hire is the 'cream of the crop.' Also, they need assurance that your professional manta aligns well with their own. In a sensitive industry such as finance and wealth management, your professional motto is an essential factor to ponder. Think of this question as addressing your credibility statement, ensuring you come across as trustworthy and honest, to your clients, peers, and management.

      Rachelle's Answer #1

      "My professional mantra is to better the lives of every client I come across. My clients need to know that I am 100% concerned with their financial health and completely on board with their long-term vision. It's care over profits."

      Rachelle's Answer #2

      "Service, knowledge, and vision. My professional mantra surrounds these three factors. 1. To service my clients before my own needs. 2. To keep my knowledge current and sharp. 3. To be ever-prepared with a short-term and long-term vision for my clients, firm, and career."

  9. 9.

    Where do you see the economy going this year?

      Aside from your opinion, the interviewer also wants to see that you spend time getting to know the ever-changing market conditions. Talk about where you think the markets may be going in the next 12 months. Be prepared to discuss where you get your information, or how you have gone about forming your prediction.

      Most important here is that you sound well-read and informed, up to date, and engaged. You can talk about stocks and bonds, commodities, and even the global market.

      Rachelle's Answer #1

      "I have read many opinion pieces on The New York Times, The Economist, Investopedia, and more. One common theme that I have found is how the dollar will continue to stabilize throughout the year. The flow of foreign capital into United States assets may slow due to softer monetary policy and a lack of need for new capital for business expansion. This opinion is that of Byron R. Wien, Vice Chairman in the Private Wealth Solutions group at Blackstone, and I happen to agree wholeheartedly."

      Rachelle's Answer #2

      "Geopolitical tensions will continue to rise as we see tougher laws on trade. I have read plenty of market predictions from sources such as he Wall Street Journal, Fortune Magazine, and Bloomberg Markets. I believe China's influence will become stronger as the United States continues to isolate itself further."

  10. 10.

    Tell me about your professional designations, and how you aim to further your education in the next three years.

      As a professional in the wealth management industry, you most likely have a variety of professional designations to compliment your bachelor's degree, masters' degree, or MBA. The most common designation is a Chartered Financial Analyst (CFA) or Chartered Financial Planner (CFP).

      Take the time to remind the interviewer of your education and corresponding designations, briefly. Most important to the interviewer is that you show a keen interest in expanding your knowledge for years to come. Your continued education plan could include further developing your expertise in finance, accounting, statistics, or even data analysis.

      Rachelle's Answer #1

      "I have found that so much of my work includes taking a plethora of data and analyzing it to find trends. These trends then help me to make better predictions. In the next three years, I plan to focus my education on courses that include building my quantitative analysis skills. I believe this will complement my MBA, as well as my CFA designation."

      Rachelle's Answer #2

      "I recently earned my CFA designation, which I am eager to stack up with my Masters' Degree in Finance. I realize that, as a wealth professional, my education should never stop. For that reason, I have enrolled in two courses this year; Advanced Investment Strategies, and Growth Investing. I plan to take further courses over time, that include data analysis and statistics."

  11. 11.

    What can you do for Key Private Bank that other candidates cannot?

      This question is another way of asking, 'Why should we hire you?' The best way to answer this inquiry is to comb through the Key Private Bank job description and narrow down the most persuasive skills matches.

      You will also want to think about one of your most significant work accomplishments, which other candidates may not have. For instance, this could include awards and accolades, your GPA, additional certifications, or designations. Be prepared to deliver a remarkable credibility statement.

      Rachelle's Answer #1

      "In addition to meeting your requirements for education, experience, and career accomplishments, I will also compliment Key Private Bank efforts when it comes to diversity and inclusion. I understand that Key Private Bank believes gender equality is an economic imperative. I will complement Key Private Bank by supporting women's economic empowerment and leadership opportunities. These efforts will help drive growth for your clients and shareholders."

      Rachelle's Answer #2

      "On your Key Private Bank careers page you speak about how your biggest assets are your people, capital, and your reputation. In addition to the experience I bring in wealth management, as well as the 3.94 GPA I bring from my post-secondary degree, I also promise to help you uphold these business principles every day. I am dedicated to fully complying with the laws, regulations, and the overall spirit of your organization."

  12. 12.

    How does your post-secondary education relate to a career in wealth management?

      Nearly every high-end wealth management firm will require you to have a post-secondary degree related to finance. If your degree is not related to finance, be prepared to defend your educational background. Your formal education and industry training might be on your resume; however, the interviewer would like you to dig deeper and bring this education to life for them. Discuss how your education has prepared you for this job with Key Private Bank.

      Rachelle's Answer #1

      "I earned my masters' degree in finance from ABC University. My degree exposed me to the financial world and specific topics such as bonds, econometrics, economics, corporate finance, governmental finance, individual investment, statistics, and portfolio management. I am grateful for my education and how well it has supported me in my career."

      Rachelle's Answer #2

      "I will never be finished when it comes to my education and learning. Although my degree is in business administration, and not specifically finance, my school did prepare me very well for a career in wealth management. I took courses in economics, finance, management, and marketing; all important facets of wealth management."

  13. 13.

    Name for me one significant deal or accomplishment by Key Private Bank in the last 12 months.

      This question speaks directly to how well you have researched Key Private Bank before attending your interview. Take a look at the company website, their news section, check out Google, and see if they are trending on any topics.

      You do not need to go into a significant amount of detail on what you find. Give enough to show the interviewer that you are paying attention to their organizations' accomplishments.

      Rachelle's Answer #1

      "I read the other day that Key Private Bank beat expected revenues for Q2 this year, which is amazing news. Your shares closed 1.9% higher, bringing your year-to-date gains to 29%. The fact that Key Private Bank is blowing away the expectations of analysts worldwide is fascinating to see."

      Rachelle's Answer #2

      "I see that Key Private Bank has made significant strides in the past 12 months on efforts to close the gender investing gap. I appreciate that Key Private Bank has identified that women-owned businesses often do not get the investments they deserve. I was thrilled to read about your new initiative to invest millions into private, late-stage, women-founded, women-owned, or women-led companies."

  14. 14.

    Key Private Bank provides fundamental insights and analysis for clients in the equity, fixed income, currency, and commodities markets. Which areas of research are most important to you?

      The interviewer would like to know which areas of research you find to be the most important and applicable to your role in wealth management. The truth is, all of these topics are important, yet you may lean towards understanding one a bit better over others. Discuss what you believe to be an essential area of research without overlooking the others at the same time.

      Rachelle's Answer #1

      "I have read many articles by Key Private Bank on all of these topics. I would say they are equally important; however, I find research on commodities markets to be the most intriguing. I like to learn about the hard commodities we offer in our region and how to leverage them to benefit my clients."

      Rachelle's Answer #2

      "Currency is fundamental to research and understand, especially as my portfolio of clients is global. With that said, I also believe its essential that I am well rounded by spending my time reading articles and gaining insight on other topics such as equity, fixed income, commodities, and more."

  15. 15.

    Talk to me about one piece of financial news you are currently following.

      This question allows the interviewer to get to know you a bit better; helping them to understand the issues that draw you in. Many topics in financial news could pique your interest. Discuss one piece of economic news that has caught your attention as of late. You can give your opinion on the topic; however, it's essential that you avoid going on a tangent regarding politics and other hot button topics.

      Rachelle's Answer #1

      "One topic I have been immersed in, primarily because so many of my clients have an interest, is China's GDP growth. China's growth has seen a 6.2% slump in Q2 of this year and the lowest percent in about 27 years. This topic is significant to me since China is the world's second-largest economy. We are starting to see the impact of the trade war between China and the US."

      Rachelle's Answer #2

      "I have been reading more in the news about water scarcity as a global phenomenon and how this could soon make water a good investment. Shortages in upcoming years could make water a precious commodity, making it a potential opportunity for investors. From the research I have conducted, I see that a small amount of traditional mutual funds and exchange-traded funds already invest in water. These investments are mainly around its delivery, testing, and cleaning. I believe there could be phenomenal growth as governments strive to battle expected water shortages."

  16. 16.

    What are the three most important traits for a high-end wealth management professional to possess?

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  17. 17.

    If you advised a client to hedge against risk in their portfolio, but they wanted to take an alternate action that could hurt their long-term goals, what would you do?

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  18. 18.

    If you helped someone make their first investment, what are the first steps you would take?

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  19. 19.

    Key Private Bank wants to ensure that you are a strategic fit. Tell me more about your investing strategy.

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  20. 20.

    Tell me about a stock you follow. Why should I buy them?

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  21. 21.

    Key Private Bank wealth managers work independently. What makes you an entrepreneurial minded professional?

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  22. 22.

    What is your favorite resource for wealth-management and finance related news?

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  23. 23.

    Do you consider yourself analytically minded, or more creatively driven?

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  24. 24.

    What factors most significantly impact the wealth management industry, today?

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  25. 25.

    Tell me about your biggest failure and how you recovered.

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  26. 26.

    The wealth management industry is highly competitive. When it comes to your performance, would you say you 'love to win,' or you 'hate to lose?'

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  27. 27.

    Have you ever bent or broken any policies to make a client happy?

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  28. 28.

    How would you sell an investment product you did not believe in?

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  29. 29.

    Are you applying for jobs with any Key Private Bank direct competitors?

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  30. 30.

    What questions do you have for me on this job, and working for Key Private Bank?

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