Riyadh · Saudi Arabia · Executive Search
Private Banker Jobs in Riyadh
Riyadh has emerged as a strategic onshore booking centre under Vision 2030 economic diversification, with both global private banks and domestic Saudi institutions expanding senior coverage of UHNW family and entrepreneur wealth. Executive Partners advises Senior RMs on confidential moves across this rapidly evolving market.
Riyadh's Vision 2030-driven hiring wave
Saudi Arabia's economic diversification agenda has materially increased onshore UHNW activity, with banks competing for senior RMs who combine Saudi cultural fluency, Sharia-compliant product knowledge and the credibility to serve family and entrepreneur wealth tied to the kingdom's transformation programs.
Over the last 18 months, hiring demand has concentrated on:
- RMs with genuinely portable Saudi onshore UHNW books
- Arabic-fluent bankers with strong Saudization compliance awareness
- Sharia-compliant product and structuring specialists
- Senior hires supporting new licence approvals and platform build-outs
2025–2026 Riyadh compensation benchmarks
Ranges reflect typical packages observed across CMA-regulated private banks and wealth managers in Riyadh.
| Role | Base salary (SAR) | Bonus range | Typical total |
|---|---|---|---|
| RM (5–10 years) | 420k – 560k | 20% – 60% | 525k – 900k |
| Senior RM (10–20 years) | 560k – 770k | 40% – 110% | 800k – 1.6m |
| Ultra UHNW RM | 770k – 980k | 80% – 180% | 1.4m – 2.7m |
| Team Head | 900k – 1.2m | 100% – 220% | 1.8m – 3.8m |
These ranges are indicative and based on observed market levels in Riyadh across 2025–2026.
Senior Relationship Manager · SAR 480M portable book · Mandate to offer: 26 days · Still at the bank, 16 months
Deep-dive insights for Riyadh-based bankers
Market commentary on Vision 2030 wealth flows and Saudization hiring dynamics.
Work with Executive Partners
Whether you are a Riyadh platform or a Senior RM evaluating Saudi onshore opportunities, we provide factual, confidential guidance.
Prefer to start with a discreet email? recruiter@execpartners.ch