Job Hunters
Post Your Resume
Government Jobs in NY

Colleges and Universities in NY

Post Jobs Here

Royal Bank of Scotland

Headquarters: PO BIX 1000
Gogarburn, Edinburgh EH12 1HQ
Employees: 170,000
CEO: Sir Fred Goodwin
Stock Symbol: RBS


Career Site

RBS, The Royal Bank of Scotland Group, is one of the world's top 10 financial services groups and a leading provider of personal, business and institutional banking services.

The company provides personal banking to customers as well as wealth management for high net worth individuals, banking for businesses and corporate and institutional customers.

RBS has employees in more than 50 countries and serves about 40 million customers .

The Group's brands include RBS, NatWest, Ulster Bank, Coutts, Citizens and other financial services companies. RBS led a consortium which acquired ABN AMRO in October 2007.

The company has over 26,000 employees in the U.S. most of whom work for Citizens Bank, a regional bank serving New England.


The Royal Bank of Scotland was founded in Edinburgh by Royal Charter in 1727 and for several decades was traded solely from the head office in the city's Old Town. However, in 1783, it opened the first branch office in Glasgow and went on to develop a large network of offices throughout Scotland during the 19th Century.

In 1874, The Royal Bank of Scotland opened a branch office in London and from the 1920s developed, by acquisition, a major presence in England. Banks which joined the Group during these years included Drummonds (established c.1712), Williams Deacon's Bank (established 1836), Glyn, Mills & Co (established 1753) and Child & Co (established c.1580), with business in London, north-west England and overseas.

By 1970, following The Royal Bank of Scotland's merger with the Edinburgh-based National Commercial Bank of Scotland (comprising the former National Bank of Scotland, established 1825) and the Commercial Bank of Scotland (established 1810), we accounted for more than 40 per cent of Scotland's banking business.

Under the Williams & Glyn's Bank banner, the bank had a large and growing presence in England and Wales. In 1985, Williams & Glyn's merged fully with the Group's Scottish clearing bank which, thereafter, traded throughout Britain as a single entity - The Royal Bank of Scotland.

During the 1980s, the Group diversified. It set up the car insurance company Direct Line in 1985 and acquired Citizens Financial Group (established 1828) of Rhode Island in the USA in 1988. Both were to prove highly successful ventures.

During the early 1990s, RBS refocused on its core business of retail banking, acquiring the private bank of Adam & Company (established 1983) in 1992. The company launched Direct Banking in 1994 and it quickly became Britain's fastest growing 24-hour telephone banking operation. Then, in 1997, RBS announced the UK's first on-line banking service, as well as embarking on joint financial services ventures with Tesco and Virgin Direct.

In 2000, in the biggest takeover in the history of British banking, the Royal Bank acquired National Westminster Bank plc to create a huge group with a highly diversified portfolio of services for personal, business and corporate customers.


Today's Income

Total Reward describes the value of everything employees get in return for working for us. At the heart of their Total Reward is cash - their salary and benefit funding plus any bonuses, incentive payments or allowances they may receive.

Retail & Leisure

Discounted shopping vouchers for many major supermarkets and high street retailers are available through RBSelect - these include Sainsburys, Asda, Somerfield, Marks & Spencer, GAP, John Lewis, Dixons and many more.


Lifestyle benefits, often with great tax savings, are available through RBSelect, these include: Childcare Vouchers, Bikes, Holidays - buy or sell, Wine, mobile phones & Telephone Legal Advice.

Well Being

Health cover benefits are available through RBSelect, these include: Health Care Cash Plan, Private Medical Cover, Dental Insurance & Health Screening.

Savings & Protection

We offer a range of options to enable employees to save and plan for the future. These include an employer funded flexible Retirement Savings Plan (for eligible employees) and a choice of share ownership plans. Protection benefits available through RBSelect include: Life Cover, Disability Cover, Dependants Pension, Personal Accident Insurance, Critical Illness Insurance & Life Assurance - Spouse/Partner.

Updated September 30, 2008

Return to NYJobSource